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I've been done in by the system: Mardia
HE dons the dubious mantle of being the Indian banking industry's premier defaulter in the corporate sector with his group's aggregate dues touching Rs 1,404 crore. Mr Rasiklal S. Mardia, however, disagrees. He is convinced that the total dues ...
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ICICI Bank, others take over assets of Patheja group
IT appears empowerment is all that lenders needed to set out against rogue borrowers. Close on the heels of taking over assets of the Ahmedabad-based Mardia Chemicals for non-repayment of loans, banks led by ICICI Bank have taken over the ...
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Canara Bank to set own team after defaulters
AT a time when most banks and FIs groping in the dark and are considering hiring outside agencies to seize and manage units taken over under the new non-performing assets (NPA) recovery law, Canara Bank is likely to set pace of developing ...
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Jaswant to make pitch for divestment
THE Finance Minister, Mr Jaswant Singh, is set to make a forceful case for reviving the disinvestment process in the `mid-year review of the economy' to be tabled by him in Parliament on Tuesday. Mr Singh had at the recently concluded G-20 ...
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Top Wipro GE execs quit over accounts fiasco
THE Chief Financial Officer and a number of junior executives of the Finance Department of Wipro GE Medical Systems put in their papers recently. This came close on the heels of the fiasco over wrongly-estimated losses last quarter. The ...
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Ketan Parekh held in Mumbai
THE Kolkata Police today arrested stockbroker Mr Ketan Parekh, one of the accused persons in the case relating to the Rs 120-crore Calcutta Stock Exchange scam. He was picked up in Mumbai. Mr Somen Mitra, Deputy Commissioner, Detective ...
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Zee-Turner to bring Reality TV
IF you are a couch potato deriving pleasure in watching car chases, emergency services or any other live action, here's Reality TV for you. Zee-Turner Ltd, the subsidiary of Zee Telefilms Ltd, is planning to distribute the UK-based Zone ...
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IFCI to hold 49 pc in Asset Care
DROPPING its earlier plan to go it alone, IFCI has now decided to hold 49 per cent stake in its Asset Care Enterprise Ltd (ACE), while the remaining equity would be split among banks, institutions and multilateral agencies. ACE is expected to ...
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