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'Justice prevailed' but TN's future seems bleak

The infighting in the AIADMK has rendered it weak and on par with the DMK and other parties, says R Rajagopalan. Justice has prevailed, said Tamil Nadu Chief Minister O Panneerselvam after All......

Centre drove depositors towards chit funds: Mamata

West Bengal Chief Minister Mamata Banerjee, who has sought to blame the Centre for the chit fund scam, has claimed that the central government reduced the rate of interest in small savings to drive......

What Awaits Rajapaksas After Monday's Mayhem?

Gota has to decide if he could order elder brother Mahinda's arrest as the agent provocateur of Monday's violence.Then he has to prepare for an interim government, in which no one would now want to......

Kejriwal alleges scam in MCD; demands CBI probe

The Delhi government will extend a loan of Rs 551 crore to two civic bodies; Chief Minister Arvind Kejriwal said on Wednesday and alleged a situation was being created through the ongoing municipal......

'On a scale of 10, we are at 5 in our security preparedness'

Senior journalist Sandeep Unnithan, author of Black Tornado, a semi-official account of the 26/11 attacks, was on Rediff.com chat on November 26. In what was a frank and instructive interaction......

Lehman crash due to lack of govt support: Ex-chief

Lehman Brothers, whose collapse worsened the global financial crisis in late 2008, slumped into bankruptcy as the entity failed to get the necessary support from the US authorities, former chief......

Buffett to testify on Moody's

Billionaire investor Warren Buffett will testify on rating agency Moody's to a crisis panel looking into the role of rating firms in the financial crisis, a media report said. According to the......

US launches civil action against S&P

The US government has launched a civil lawsuit against Standard & Poor's and parent The McGraw-Hill Companies Inc over mortgage bond ratings, the first federal enforcement action against a credit......

Is this why govt needs money from RBI?

Money permits patronage.Money means power. No wonder details of the crores locked up in NPAs and never repaid loans are top secret, says Sunanda K Datta-Ray. Photograph: PTI Photo It could well be......

Goldman faces 20 mn pound fine in UK

Goldman Sachs is likely to face a fine of around 20 million pounds from UK financial regulator FSA, just months after US Securities and Exchange Commission imposed a penalty on the banking major, a......

Blatter wins final FIFA term, pledges reform

Sepp Blatter was re-elected unopposed as FIFA president on Wednesday, promising to use his final term to radically reform soccer's ailing world governing body.\\nBlatter won the backing of 186 of......

Russia faces ban from athletics for widespread doping offences

The scandal revolves around accusations that money was demanded from top athletes to 'bury' medical tests showing drug use The international police body Interpol said it would coordinate a global......

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