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The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...- Lending money to friends or relatives? Why guaranteeing loans and personal lending can put your finances, credit score, and goals at riskWhen a friend or a relative asks you for a personal loan, always seek time. There is no need to feel pressurised to respond immediately. So...
- ET Prime Special: A ticking bomb for investors that even the auditor struggles to flagIn one case, lenders suddenly knocked on the company’s door to invoke pledged shares due to an interest default, and the board itself had n...
- ET Prime Special: The Red Flags in balance sheets – When your money moves to related parties, ask ‘why?’Very few investors focus on related-party transactions, or RPTs, because they are disclosed among the last notes in financial statements. B...
- ET Prime Special Series: Related-party transactions (Part 1) – When relations come up as a risk to retail investorsA company might lend money to promoter-linked entities at low interest rates, pay heavy remuneration to directors even when there is a cash...
- Wife misses loan payments, bank recovers dues from husband's pension kept in joint bank a/c; Odisha HC tells bank to return moneyThe Odisha High Court has made a significant statement regarding financial security for retirees. In ruling that a bank is prohibited from ...
- Can margin trading losses on equity investments be recovered from spouse’s demat account? SC rules yes, it can be in this caseThe Supreme Court of India, in a recent ruling, held that a husband can be held jointly liable for stock market losses incurred by his wife...
- Where is Pankaj Oswal, Indian-origin billionaire whose daughter Vasundhara has been jailed in Uganda?Pankaj Oswal location: Vasundhara Oswal, daughter of Indian-origin industrialist and billionaire Pankaj Oswal, has been detained in Uganda ...
- Taking an education loan? You must explain these key points to your child before taking itTaking an education loan may be a good idea. It is important, however, for parents as well as children to understand the modalities and imp...
- SBI seeks to invoke Rs 3,000 crore personal guarantees of Atul PunjThe country’s largest lender has served notices on Punj, asking him to explain how he intends to make the payment and has sought a reply fr...
- View: There's a compelling case for Centre to borrow to meet states' GST shortfallMarkets would see immediately that the risk of default of state governments, with such a large rise in their liabilities, would be such tha...
- Personal insolvency law: Delhi HC issues notices for writ petition filed by local businessmanThe litigation could potentially impact recovery of several billion dollars worth of loans given by banks to companies that were personally...
- Will throw you out; transfer ownership rights of properties "lock, stock and barrel": SC warns AmrapaliThe top court said that Amrapali Group by its own admission took Rs 11,652 crore from home buyers and invested only Rs 10,630 crore from it...
- Getting your small business investment readyCapital providers undertake rigorous assessments of the business to ensure that their investment is protected.
- Did Diageo help Vijay Mallya move out Rs 4,000 crore?Karnataka HC order annulling Diageo's acquisition of shares in United Spirits from Mallya's UB Holdings landed British drinks giant in a ti...
- Applying for loan? Know your credit score firstBorrowers think that having a clean repayment history alone can ensure a good credit score. Though there are many other influencing factors.
- Loan Guarantor? Be mindful of misstep in loan defaultGuarantor will be under obligation to make good the loan amount if the original debtor defaults. Plan finances before going for loan | Cost...
- N-plant cos to face heat for mishapsIndia — expected to sign the civil nuclear deal with the US this week — has started working on laws which will enable investments and lay d...
- CCD puts off decision on HPCL, BPCL divestmentA decision on the privatisation of HPCL and BPCL has been deferred yet again. This time, CCD put off the decision apparently because the at...
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