President Trump’s 50% tariff threat on Indian exports in mid-2025 sent shockwaves through Indian’s power elite. Policy-makers, business leaders and economists say it is a wake-up call: India must act decisively—or risk...
One step forward, two steps back—that’s how depositor protection feels at the Reserve Bank of India (RBI) under its 26th governor, Sanjay Malhotra. While financial inclusion is a government objective, millions of depositors...
After a decade of studious indifference to financial recklessness, defaults and allegations of financial jugglery, the Anil Ambani group is finally in the enforcement directorate's (ED) crosshairs. Early August saw the ED summon top...
In India, market scandals often arrive in rapid succession, each new controversy burying the previous one. So, even as Jane Street, a US-based trading powerhouse faced regulatory heat for alleged manipulation and Viceroy Research launched...
Two important developments rocked domestic markets and captured the attention of global investors and regulators: the Securities and Exchange Board of India’s (SEBI’s) dramatic crackdown on Jane Street, a US-based proprietary...
Ever since Vedanta listed in London, Anil Agarwal has carefully crafted an image of a self-made, resilient and socially-conscious leader who clawed his way up from scrap metal trading to helm a global mining empire. It is a seductive story...
On 3rd July, India’s capital markets regulator, the Securities and Exchange Board of India (SEBI), did something sensational. In the most stringent action ever, against a foreign trading firm, it barred Jane Street, the formidable...
A modest Rs25 lakh penalty imposed on the Bombay Stock Exchange (BSE) by the Securities and Exchange Board of India (SEBI) last week triggered a small storm on social media. Why should BSE walk away with a token fine of a serious violation...
Vijay Mallya is a perfect example of the government scoring a self-goal in its attempt to showcase the power of its newly minted Insolvency and Bankruptcy Code (IBC) of 2016. The flamboyant ‘King of Good Times’, who bought...
India’s aviation sector is, once again, battling fierce headwinds and, this time, the centre of the storm is Air India. If you have been reading news reports over the past week, it is no longer about the one horrific crash of Air...
India has just overtaken Japan to become the world’s fourth-largest economy, with nominal gross domestic product (GDP) clocking in at US$4.19trn (trillion). Yet, behind this headline triumph lies a serious contradiction. Nearly 65%...
Despite multiple warnings and committee recommendations, the Reserve Bank of India (RBI) continues to evade the core issue: issuing clear, enforceable directions to banks on resolving the continued harassment of customers over...
Among the best known financial journalists in India, in 2006, Ms Dalal was awarded the Padma Shri, India government s third highest civilian award, based on her outstanding investigative journalism since the early 1990s. Her 35 years of investigative reporting spans the Harshad Mehta scam, CR Bhansali scam, and expose of Enron among others. She was the Financial Editor at The Times of India and has also written for Business Standard, The Economic Times, Indian Express and Financial Express among others. She served as a member of SEBI s primary market advisory committee, the Narayana Murty Corporate Governance Committee and as a member of Investor Education and the Protection Fund of the Ministry of Corporate Affairs . She has co-authored the best-selling book The Scam: From Harshad Mehta to Ketan Parekh and a biography of A D Shroff, a Titan of Finance.