RAGHURAM SHETTY

IIM Board appoints Professor Rishikesha T Krishnan as IIM Bangalore's new director

Professor RT Krishnan said: “It is an extraordinary privilege to lead India’s best management institution, IIM Bangalore, at this most challenging time when there is an opportunity to re-define management education.”

Wealthy facing margin calls show pitfalls of pledged shares

Adani and his family put up an additional $1.4 billion of shares as collateral on existing debt.

Abu Dhabi wealth fund weighs stake in BR Shetty’s troubled NMC

The potential deal comes as NMC faces allegations by Carson Block’s Muddy Waters Capital LLC that its financial statements hint at potential over payment for assets, inflated cash balances and understated debt.

Hospital operator NMC ousts CEO after finding irregularities

CEO Prasanth Manghat will be succeeded on an interim basis by Michael Davis.

Jet-setting billionaire Bavaguthu Raghuram Shetty had it all. Then Carson Block came along

Shetty founded NMC in 1975 after moving to Abu Dhabi from his native India. He created Finablr two years ago to consolidate his financial brands before listing it on the London Stock Exchange in 2019.

BR Shetty resigns from ailing NMC Health

“The resignation of senior board members should be viewed positively,” said Abdulla Nahlawi.

How Muddy Waters is hammering Indian billionaire’s NMC Health

NMC’s margins are “too good to be true” relative to peers, said Muddy Waters.

UAE-based Indian billionaire Shetty hit by double blow in stock market

Shetty, 76, a native of Karnataka state in southwest India, moved to Abu Dhabi in 1973 and founded NMC in 1975.

IIM-B appoints Dr Devi Shetty chairperson of Board of Governors

“It is a matter of immense happiness that one of the most well-known and respected persons in the field of medicine and in the business of hospital management, Dr Devi Prasad Shetty, is IIMB’s Chairperson,” said IIM Bangalore director.

Nilekanis, 3 PIOs billionaires pledge to donate more than half their wealth to charity

The Nilekanis are also co-founders of EkStep, a not-for-profit effort to create a learner-centric Societal Platform by increasing access to learning opportunities for over 200 million children.

In digital rush, banks may let you down

It is a double-edged sword for banks where digital transactions have soared since high value currency were scrapped while their infrastructure has remained unsafe.

All-rounder Urjit Patel has business acumen: Deepak Parekh

Nifty on track to hit 52-week high as traders pile on 8,700 calls

Traders have aggressively bought Nifty call options of 8,700 level for the July series, suggesting they expect the index to rise to that level by the month-end.

Stocks shrug off Rexit fears, ride global wave

Fund managers expect a further rise in indices if the referendum outcome is in favour of Britain staying in the EU.

Indian billionaire invests in pharmaceuticals in Egypt

The company said that it is the only company in the Egyptian market which has got a license to manufacture the raw material.

I'm no Bond. I'm a banker on the move: Raghuram Rajan

"My hope is that sometime in the first half of next year we should have these banks licensed. That will bring a whole new set of interesting players."

Rupee futures trade all set to take off

Indian currency markets are coming back to life and poised to turn more vibrant than it was before last July when stringent rules were imposed to save the currency from getting pummelled.

Pre-paid cards & money transfer services a boon: No need to visit a bank to get cash

India’s blue-collar workforce too had its reasons to cheer the RBI governor Raghuram Rajan’s first speech. Here’s why.