Author
The writer is author of the book: The Market Mafia - Chronicle of India’s High-Tech Stock Market Scandal & The Cabal That Went Scot-Free. Palak has been a journalist in Mumbai for nearly two decades now. He has worked for most premier pink papers including The Economic Times, Business Standard and The Financial Express and The Hindu Business Line. He was drawn to crime reporting at the age of 19 but a few years in the field told him that the fabric of crime had changed and the organised gangs, as Mumbai had witnessed during the eighties, no longer existed. It was business and markets that dominated the scenario. His passion to unravel the intricacies of the ‘white money’ economy led Palak to the world of finance and regulations.
Skeletons of India's biggest defence scandal, after Bofors, have been long buried in Italy before Narendra Modi took charge as Prime Minister. These skeletons will now come back to life during his third term, which started with a visit to Italy, sources say
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Mumbai's Nadkarni family, whose third generation is now into paints manufacturing, has alleged in legal forums that the late Ashwin Dani and entities close to him came in as minority shareholders in their family-owned company and tricked them into becoming majority shareholders. Dani was actually eying the crucial patents and inventions by Jayram Nadkarni, the nonagenarian, known as the father of India's paint manufacturing industry.
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A plea to disqualify Congress and Samajwadi Party MPs on Bribery charges is pending with the President, who has sought legal opinion on the allegations. Pending the disqualification plea, a lawyer has sought a stay on the oath-taking ceremony for 136 MPs. Rahul Gandhi's infamous Khatakhat Scheme had promised Rs 8500 to women for voting in the Congress Party's favour, which called for bribery charges
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After ten years of persistence in making India a global hub for Arbitration in commercial disputes, the incumbent Government has suddenly changed its policy. It now wants public enterprises and departments to adopt Mediation for dispute resolution involving large contracts. Is it a wrong move? Records show that 99 per cent of Mediation cases land up in courts
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Highflying chairman and managing directors barred from having board seats in any company. Singh, the MD, barred for 2 years with Rs 25 lakh penalty, Mishra, chairman, faces six months ban and Rs 10 lakh penalty
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RCap creditors, administrator say Hinduja Group entity misled on payments. Want the group to be declared a defaulter, seek 12 per cent interest on the delay of Rs 9861 crore to them and seizure of performance and bank guarantee worth Rs 500 crores. Seek stricture conditions if at all extension is granted
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Rajnath Singh can be made the new Home Minister. Shivraj Singh Chauhan to get key ministry
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Finance, Home, Defense, External Affairs, Commerce, Corporate Affairs, Communications, Aviation, Power, Petroleum, all key business and security related ministries to be with BJP. Comparatively less crucial portfolio's of Railway, Health, Water, Animal Husbandry Fisheries, Social Justice, Youth, Women, Minority Affairs etc to be distributed to alliance partners
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Promise of Cash for vote scam? Clear video evidence of Congress scion Rahu Gandhi, Priyanka Gandhi promising Rs 1 lakh to women for voting in favour of their party. India's election laws prohibit even promises of "cash" or "bribes" to sway voters. Women queued up at Congress offices with promissory notes of Rs 1 lakh
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Sebi should come to the rescue of retail investors who lost heavily. India's Mutual Funds industry nearly collapsed on the day of election results. Now the intermediaries are just shifting the blame
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