Unfolding the Harshad Mehta Scam
Investing

Unfolding the Harshad Mehta Scam

Gaurav was a self-made man. His rags to riches story made him an influential person. Using his good reputation, he started taking loans from his friends using made up collateral and gambled it.

Continue Reading yesterday
The ‘Pump and Dump’ Scams
Investing

The ‘Pump and Dump’ Scams

Have you ever received some extremely profitable market 'tip' about buying a particular stock? Maybe some other news about the 'next big investment'? All this at for nothing, absolutely free!

Continue Reading about 1 months ago
What is the Recent Jagdish Khattar Case About?
Economy

What is the Recent Jagdish Khattar Case About?

Maruti Suzuki India Ltd has been winning its consumer’s hearts since its inception. However, the former Maruti top executive has definitely disassociated himself with the company’s values by indulging himself in unscrupulous behavior.

Continue Reading about 1 months ago
PNB Files Loan Fraud case against Jagdish Khattar
Investing

PNB Files Loan Fraud case against Jagdish Khattar's Carnation

It's third fraud in a row for PNB! What is it? And, How did it happen?

Continue Reading about 2 months ago
Karvy Fraud: Why SEBI Banned Karvy?
Investing

Karvy Fraud: Why SEBI Banned Karvy?

In a shocking series of events, it’s being reported that Karvy has indulged in a fraud worth Rs. 2000 Crores! How did the stock broker manage to do it?

Continue Reading about 3 months ago
Manpasand Beverages Fraud Still Unfolding
Entrepreneurship

Manpasand Beverages Fraud Still Unfolding

Manpasand Beverages has logged the limelight this year for all the wrong reasons. From the arrest of its Managing Director and its Chief Financial Officer for GST fraud in May to the recent allegations of a hostile takeover by Finquest Finance, it has seen all.

Continue Reading about 4 months ago
What Happened with Lakshmi Vilas Bank?
Investing

What Happened with Lakshmi Vilas Bank?

"Facts are threatening to those invested in fraud." This is what can be seen in the Lakshmi Vilas Bank fraud case. After PMC Bank; it's time for Lakshmi Vilas Bank to prove itself.

Continue Reading about 4 months ago
What happened with the PMC Bank?
Investing

What happened with the PMC Bank?

It was a shocker in the morning of  24th of September,2019 that 'Punjab & Maharashtra Cooperative Bank' has been taken over by the Reserve Bank of India. Its customers are allowed to withdraw only ₹1000. This news spread like a wild-fire, and the customers ran to the bank in the act of panic. Police were deployed at the bank to maintain the order. Still, 131 branches are under a lot of pressure from people. There are footages on news channels on how people fear their savings stalled with the bank. For some others, it is 'Demonetization 2.0.'

Continue Reading about 5 months ago
Altico and DHFL in Debt Trap
Investing

Altico and DHFL in Debt Trap

It looks like the NBFC crisis is looming on the significant financiers in the market. The crisis is creating a domino effect on the economy as a whole. The entire economy is facing a liquidity crunch, and the NBFCs are no different. The recent downgrades by rating agencies in NBFCs, housing finance companies, and infrastructure projects speak a lot about the problems caused by the crisis.

Continue Reading about 5 months ago
Impact of IL&FS crisis on Indian Economy
Entrepreneurship

Impact of IL&FS crisis on Indian Economy

It was dark September for India’s financial market when debt repayment defaults by Mumbai-headquartered Infrastructure Leasing & Financial Services Limited (IL&FS) on inter-corporate deposits and commercial papers worth Rs 4.5 billion came into light. There was a fear that all housing finance companies would get resultant liquidity crunch effect and Lehman Brothers- like condition will come back.

Continue Reading about 5 months ago