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Business News > Mint Authors > Devidutta Tripathy

Devidutta Tripathy

ARTICLES BY DEVIDUTTA TRIPATHY

Manipal’s chief executive officer (CEO) Ranjan Pai on Sunday sweetened its bid for Fortis, offering to inject Rs2,100 crore ($312.8 million) to help the ailing hospital operator meet its immediate cash needs. Photo: Aniruddha Chowdhury/Mint

Manipal-Fortis bid: Had to take ‘more risky’ approach, says Ranjan Pai

1 min read . 07 May 2018

Fortis has said that its board plans to meet on 10 May to consider the recommendations of the advisory panel set up to evaluate the bids. Photo: Mint

Manipal-led bid for Fortis Healthcare faces objections: Report

3 min read . 02 May 2018

In India, bitcoin plummeted to a low of Rs350,001 (about $5,392), according to crypto-currency exchange Coinome, compared with its international market price of $6,617. Photo: Bloomberg

Cryptocurrencies hit hard on Indian exchanges after RBI clampdown

2 min read . 07 Apr 2018

Prime Minister Narendra Modi’s ruling BJP denied the allegations and said the data was being used only for analytics to offer all users the “most contextual content”. Photo: PTI

Furore erupts around Narendra Modi App over alleged data sharing

1 min read . 26 Mar 2018

The Goldman Sachs warning on PNB fraud’s impact on GDP growth is a blow for the government, which had hoped that a $32 billion bank recapitalisation plan would spur lending. Photo: Reuters

Goldman Sachs downgrades India GDP growth forecast on PNB fraud

2 min read . 20 Mar 2018

The widening of current account deficit was primarily on account of a higher trade deficit brought about by a larger increase in imports relative to exports, said RBI in a statement on India’s balance of payments. Photo: Reuters

India’s current account deficit widens sharply on higher imports

1 min read . 17 Mar 2018

RBI has asked for details of LoUs issued as far back 2011, and the deadline for banks to respond was earlier this week. Photo: Aniruddha Chowdhury/Mint

RBI turns up heat on banks after $2 billion PNB fraud

2 min read . 09 Mar 2018

Vijay Aggarwal, a lawyer for Nirav Modi, dismissed the new CBI complaint as “contrary to law”, saying any such allegations should have been part of the initial police case. Photo: Reuters

PNB fraud: CBI expands probe against Nirav Modi

3 min read . 09 Mar 2018

The latest Union Bank figures are separate from the $300 million exposure it had previously reported on account of the fraudulent PNB guarantees, said Union Bank CEO Rajkiran Rai. Photo: Mint

Union Bank has Rs295 crore direct exposure to Nirav Modi, Gitanjali firms

1 min read . 09 Mar 2018

Credit Suisse warned that state-run banks could lose more than Rs20,000 crore in the January-March quarter, due to continued spike in bond yields and as they held more bonds than are required by the regulator. Photo: Bloomberg

PSU banks facing over Rs20,000 crore of losses on bonds in January-March: Credit Suisse

2 min read . 07 Mar 2018

In papers filed on Monday, the CBI said PNB did not have all the documents related to the LoUs, since those were returned to the borrower. Photo: Mint

PNB fraud likely to swell beyond $2 billion mark

2 min read . 06 Mar 2018

Nirav Modi (right) and Mehul Choksi are at the centre of the Rs11,400 PNB fraud.

How PNB says it fell victim to India’s biggest bank fraud

4 min read . 26 Feb 2018

The report says PNB has tapped PwC to conduct a probe into the alleged fraud that would help the bank build a case against Nirav Modi. Photo: Reuters

Auditor group ICAI, PwC to probe into Rs11,400 crore PNB fraud

1 min read . 23 Feb 2018

Nirav Modi is at the centre of the Rs11,400 crore PNB fraud. Photo: Mint

PNB fraud: The day’s developments

2 min read . 22 Feb 2018

All the letters of undertaking were issued by the two employees who were working at the Brady Road branch in south Mumbai. Photo: Bloomberg

PNB fraud: CBI seals Mumbai branch, questions more employees

2 min read . 19 Feb 2018

Last month, Punjab National Bank, known as PNB, filed an initial criminal complaint with CBI accusing celebrity jeweller Nirav Modi and others of defrauding the bank and causing it a loss of Rs280 crore. Photo: Mint

Eyes wide shut: The $1.8 billion PNB fraud that went unnoticed

8 min read . 19 Feb 2018

City Union Bank CEO N. Kamakodi called it a ‘conspiracy’ involving multiple countries, and added the lender was still probing how it had happened. Photo: iStockphoto

City Union Bank CEO says suffered cyber hack via Swift system

1 min read . 18 Feb 2018

Paytm has expressed concerns about the security of WhatsApp’s new payments service. Photo: AFP

WhatsApp to go ahead with ‘full feature’ payment service in India: NPCI

1 min read . 16 Feb 2018

Punjab National Bank has discovered a fraudulent transactions worth Rs11,400 crore fraud at the centre of which billionaire jeweller Nirav Modi. Photo: Mint

PNB fraud explained: How India’s 2nd largest PSU bank lost Rs11,400 crore

4 min read . 15 Feb 2018

The RBI surprised the financial sector this week by halting all of its existing loan-restructuring mechanisms with immediate effect, and rolling out new rules that will push more debt defaulters into bankruptcy courts. Photo: Hemant Mishra/Mint

For India’s banks, the worst of their bad loan woes may be yet to come

3 min read . 14 Feb 2018