Business Tit-Bits: The Big Rogues and The Big Questions
An interesting recent report, in the Economic Times talks about the big rogues of corporate India, who have now been languishing in jail. It says...
Tag : ILFS
Business Tit-Bits: First To Abscond, Last To Be Arrested
With the arrest of the dubious Ravi Parthasarthy, the de facto promoter and former chairman of ILFS, by the EOW cops of Chennai police from...
Business Tit-Bits: Which Balance Sheet Do You Trust?
A consultant firm recently conducted a close door survey among their clients about a widely traded company. In this episode of the Business Tit-Bits, our...
Business Tit-Bits: ILFS, PMC, YES BANK, DHFL, LVB…
Recently, the RBI announced the merger of DBS India and Laxmi Vilas Bank after putting the bank on moratorium. It restricted the withdrawal limit till...
YES Bank to resume full banking service from March 18: RBI
On March 5, RBI had placed YES Bank under moratorium. The Bank had given out large loans to business which it had then failed to...
Business Tit-Bits: Frauds, Corporates and the Slowdown
India’s economic slowdown has coincided with receding fortunes of corporates and the collapse of many companies, who at one point of time were industry leaders/icons...
Business Tit-Bits: The Negligent Deloitte
The findings of various authorities investigating the giant Rs.1.32 lac crore ILFS scam continue to shock us, as investigations in its affairs continue by various...
Business Tit-Bits: ILFS, DHFL, PMC, KARVY……
India’s banks and NBFCs have been found to be infected with giant frauds and misuse of funds, such that the banking system continues to be...
Audit pe Audit pe Audit
This saga of audit pe audit pe audit is a story of systematic fraudulent collusion between the bankers, the borrowers and the auditors, who have...
Business Tit-Bits: Why were banks eager to takeover DHFL?
The unfolding tale of DHFL is sordid, murky, criminal and shocking, to state the least. It has all the ingredients of a Bollywood crime thriller,...