Even before RBI barred Manappuram and a related sole proprietary firm from raising public deposits, the wife of one of the company's promoters was selling shares in the company.
Today's trend reversal in the rupee validates RBI's reasons for its reluctance to intervene in the currency market.
Maharashtra's Chief Secretary Ratnakar Gaikwad has given the city's slum project builders an easy way out of their contractual obligations. The loss to exchequer: upto Rs 20 crore each for 32 sites.
One Goa village is fighting heroically against miners who are drilling all around them and even hijacked their water sources.
This is the heroic story of one 43-year-old woman who has defied attempts by powerful mining lobbies from usurping her land.
A Firstpost investigation of the Noida land scam unearths new facts, where officials in Uttar Pradesh ganged up with builders and converted land acquired for industry to residential use. These new findings hit at the core of CM Mayawati's land politics.
Reliance Communications has been a big defaulter in meeting its rural telephony obligations under USOF because it is unviable. The company goofed up by overbidding for these circles.
Sibal's justification for reducing the penalty on RCom for the switch-off last November was that the company had since restored services.
When Reliance Communications suddenly switched off its unviable rural telephony operations, the telecom bureaucracy was not amused. They proposed a hefty fine, but Sibal used different provisions under the USOF agreement to reduce the fines.
Why has Reliance Industries announced a reduction in natural gas output from the hitherto prolific Krishna-Godavari offshore fields? Is he facing "technical" problems extracting the gas, or is he trying to conserve his output till prices are increased?
The BJP's policy, he said, is to engage Pakistan but only on the condition it would stop state-sponsored terrorism against India.
The CBI has clear evidence on the extent of illegal stone quarrying and mining in Madhya Pradesh's Morena district.
Jagan Reddy's hyperpopular mandate – meant to prove that he is YSR’s true political heir - has been built on what looks like a fib. A Firstpost investigation shows that there is significant undisclosed assets worth over hundreds of crores.
The CBI is likely to hand over documents that show that Chidambaram okayed the stake sale in Unitech Wireless, but the files may not be enough to put him in the dock.
A political dogfight has broken out in Kerala over former CM Achuthanandan's meeting with TG Nandakumar - which could lead to the uncovering of a judicial fixing scandal.
Firstpost brings you exclusive pictures of Bollywood's most secretive romance, Aditya Chopra and Rani Mukerji.
The Bachchans hosted a Diwali party last night at their home in Juhu, which was attended by the glamourous denizens of Bollywood.
Niira Radia, says RK Anand in his book on her, used a former Sahara executive for her initial gameplan. Once she got close to BJP leader Ananth Kumar, who was Civil Aviation Minister under Vajpayee, the Sahara executive became a liability. She ditched him and allegedly got him into jail on a spurious charge.
Niira Radia's first major break into the power circle was BJP's Ananth Kumar, a rookie minister with very little understanding of aviation though he was the aviation minister. Radia got close to him and swung the Airbus deal.
The baby shower was attended by virtually all the ladies in the film industry, and some from the older generation were shocked to see the crowds assembled outside the Bachchans' Juhu home.
LTTE head Kumaran Pathmanathan puts his heart on a myriad of issues in an exclusive interview to VK Shashikumar
Niira Radia, a key figure in the 2G spectrum scam and a lobbyist for top businessmen like Ratan Tata and Mukesh Ambani lived a colourful life. Starting life with a string of failures, she hit the big time only when she set up shop in India. Here's her story as told by criminal lawyer RK Anand, who has watched her at close quarters.
A bishop in north Goa uses his camera to capture every illegality indulged in by the state's illegal miners.
The Goa chief minister has been sticking to the mines portfolio through thick and thin for 12 years. Little wonder illegal mining scams are tumbling out of his cupboard. Firstpost tells you how Goa's illegal miners are also in league with Kamat.
The chickens are coming home to roost for Goa CM Digambar Kamat. The Congress high command is taking a dim view of his role in fostering Goa's illegal mining.
SRK is set to move into his swank, new office around Diwali when it will be ready to welcome the King and his court.
Whether on Chief Minister Mayawati's current itinerary or not, it is clear that Bhatta-Parsul will remain the hotbed of politics in the coming UP elections.
Salt and pepper French beard with slicked back hair, Aamir Khan's new look is bound to be a rage among fans very soon.