Somesh Jha, Arup Roychoudhury And Shrimi Choudhary

Stories by Somesh Jha, Arup Roychoudhury And Shrimi Choudhary

Videocon case: ICICI Bank, Kochhar miss Sebi deadline, ask for more time

Videocon case: ICICI Bank, Kochhar miss Sebi deadline, ask for more time

Rediff.com   8 Jun 2018

The regulator in its notice alleged violations of the code of conduct because Chanda Kochhar reportedly had not disclosed the conflict of interest arising out of business dealings among ICICI Bank, Videocon and NuPower Renewables, led by her husband, Deepak Kochhar.

Retrospective benefits on gratuity not on the cards

Retrospective benefits on gratuity not on the cards

Rediff.com   7 Jun 2018

The law was amended to bring parity between public and private sector employees (including PSUs) after the gratuity limit was raised for central government on similar lines

Jaitley may be back at work by June-end

Jaitley may be back at work by June-end

Rediff.com   1 Jun 2018

The minister without portfolio is recovering well after his kidney transplant and has started walking in his hospital room.

New regulator to monitor crowdfunding likely

New regulator to monitor crowdfunding likely

Rediff.com   29 May 2018

Currently, most crowdfunding platforms neither operate with proper authorisation nor are governed under any law.

2-day bank strike from Wednesday

2-day bank strike from Wednesday

Rediff.com   29 May 2018

About 1 million bank officers are expected to participate in the strike on May 30 and May 31

Nirav Modi fraud: How money changed hands

Nirav Modi fraud: How money changed hands

Rediff.com   26 May 2018

The chargesheet was filed against Nirav Modi and 23 others.

Worry lines are back for govt as crude hits $80 a barrel

Worry lines are back for govt as crude hits $80 a barrel

Rediff.com   19 May 2018

"Under different scenarios, we see the impact of higher crude prices ranging from $25 billion to a maximum of $50 billion on the oil import bill. The increase in the oil import bill will also affect the current account deficit," economic affairs secretary S C Garg said in a conference on Friday.

Why some CEOs may be asked to paint walls or clean public spaces

Why some CEOs may be asked to paint walls or clean public spaces

Rediff.com   16 May 2018

Some of the violations that will lead to community service include failure to pay social security contribution of workers, maintain records, furnish information to inspectors, pay gratuity to workers, provide crche facility and medical pay, and retrenching women workers during maternity leave.

Walmart-Flipkart deal: What will be Tiger Global's tax liability?

Walmart-Flipkart deal: What will be Tiger Global's tax liability?

Rediff.com   14 May 2018

Taxing SoftBank, the largest shareholder in Flipkart with a little over 20 per cent stake, however, will be easier.

Lok Ranjan, govt's nominee on ICICI board, transferred

Lok Ranjan, govt's nominee on ICICI board, transferred

Rediff.com   11 May 2018

Ranjan was nominated to the board of ICICI Bank on April 7

Tax notice on free banking services may be withdrawn

Tax notice on free banking services may be withdrawn

Rediff.com   10 May 2018

Every bank offers a different slab of minimum balance to customers, based on which 'free services' are provided

Govt may cut excise duty on petrol, diesel soon

Govt may cut excise duty on petrol, diesel soon

Rediff.com   10 May 2018

India is the second largest buyer of Iranian crude, after China.

Is the NSE ready for extended trading hours?

Is the NSE ready for extended trading hours?

Rediff.com   10 May 2018

'We will have to get together internally and figure how this will happen.' 'Suffice to say, it is feasible and will be done in a logical way.'

Finance panel terms of references: 7 states, UTs seek change

Finance panel terms of references: 7 states, UTs seek change

Rediff.com   8 May 2018

A memorandum, signed by the chief ministers or finance ministers of Andhra Pradesh, Puducherry, Karnataka, Delhi, West Bengal, Kerala and Punjab, said the terms were disruptive and a cause for concern.

PMO steps into NuPower-Videocon-ICICI Bank controversy

PMO steps into NuPower-Videocon-ICICI Bank controversy

Rediff.com   6 May 2018

Prime Minister's Office wants CBI and tax dept to identify the actual beneficiaries of the transactions made in India and abroad.

Are wages growing at faster rate than job creation?

Are wages growing at faster rate than job creation?

Rediff.com   4 May 2018

T C A Anant, former chief statistician to the government, will soon be heading a panel to decide whether the monthly payroll data released by EPFO, ESIC and PFRDA could replace the quarterly enterprises-based survey on job creation by the labour bureau, the prime minister's office decided last week.

EPFO dumps CSC Aadhaar services after data theft

EPFO dumps CSC Aadhaar services after data theft

Rediff.com   3 May 2018

Unique Identification Authority of India said the alleged data breach took place on a website that does not belong to it.

Sebi probing why IndiGo's stock fell 6% on April 27

Sebi probing why IndiGo's stock fell 6% on April 27

Rediff.com   3 May 2018

Since the company's senior management was privy to the price-sensitive information of Ghosh's resignation, Sebi wanted to check whether the information was disseminated properly to bourses

Govt planning monthly payroll data in place of quarterly job surveys

Govt planning monthly payroll data in place of quarterly job surveys

Rediff.com   29 Apr 2018

The Prime Minister's Office has decided to set up a panel, led by former chief statistician T C A Anant, to deliberate on whether the enterprise-level quarterly data, which is released by the labour bureau, should be discontinued.

PNB fraud: CBI to file chargesheet in May

PNB fraud: CBI to file chargesheet in May

Rediff.com   27 Apr 2018

In all, 292 allegedly fraudulent LoUs and 224 foreign letters of credit were generated and money sanctioned to Nirav Modi's companies since 2011