The Central Bureau of Investigation has sought the statement of businessman Abhishek Verma's associate C Edmond Allen in connection with alleged bribe $530,000 he took from Rheinmetall Air Defence AG.
Fintechs need to behave with responsibility and transparency. A lot of mis-selling has been happening. Other issues have been plaguing the fledgling industry -- high interest rates, even higher processing fees, harsh collection process and, most critically, data leakage leading to rampant frauds, points out Tamal Bandyopadhyay.
Given the various risks to growth, one could argue for rate cuts to be deeper than the 5 per cent terminal repo rate that we are projecting at this stage, says Kaushik Das.
MSIL would also focus more on bringing out models with auto gear shift technology.
'If people use the mask properly, we can confidently say that this is as protective as the best mask in the market.'<
A reported theft at Sri Lanka Cricket headquarters last September, which led to speculation of a security threat to the World Twenty20 Championships in Colombo, never happened, with the tournament director insisting that no safety plan was stolen.
By designing trucks just for the Indian market, the vaunted German auto maker is about to start what analysts are calling a 'bloodbath' in the industry.
Western drugmakers, including Pfizer Inc, Novartis AG, Roche Holding AG and Sanofi SA, covet a bigger share of the fast-growing Indian drugs market.
The battle between German sportswear giant Adidas AG and its former managing director in India Subhinder Singh Prem escalated on Thursday after he sent a legal notice to the company and its CEO Herbert Hainer.
Vijay Mallya on Wednesday gave a proposal to the Supreme Court to repay around Rs 4,000 crore (Rs 40 billion) loan to banks by September this year.
Rafael Nadal's mauling of Novak Djokovic in the final of the Monte Carlo Masters on Sunday was memorable in more ways than one.
Saeed has pledged to tour the country to mobilise the people against any decision by the government to reopen the supply routes, which were closed after a cross-border NATO air strike killed 24 Pakistani soldiers in November.
Saif Ali Khan talks about his ambitious film Agent Vinod, and his stunning co-star.
He said he considers this duration as enough and would like to return to his practice.
Jain did not want to financially burden the bank with his own, personal decision to quit
In a major relief to controversial self-proclaimed godman Nirmal Baba, the Madhya Pradesh high court in Jabalpur granted him an anticipatory bail on Monday.
Graeme Swann helped England restore parity on Day 1 of the opening Test against India at Motera on Thursday. The spinner struck at regular intervals to finish with figures of four for 85 and keep the visitors in the game after Virender Sehwag slammed his first century in two years. At stumps, the hosts were 323 for 4.
Luxury car manufacturer is planning to launch a new model, 2013 Mercedes-Benz SL.
Pakistan captain Shoaib Malik's played a match for Hargopal CC on June 5, at the Modern School ground on Barakhamba Road, and scored 26 runs.
A bench headed by Chief Justice Ranjan Gogoi will pronounce the verdict.
'Cow slaughtering will incite people and hurt their sentiments, which will lead to some incidents'
The Central Bureau of Investigation on Monday grilled former Rajasthan minister Mahipal Maderna's wife Leela and two sons of Member of Legislative Assembly Malkhan Singh in connection with the Bhanwari Devi abduction case. They are all being quizzed at the circuit house in Jaipur, CBI sources said. Osian MLA Maderna is under judicial custody, while Luni MLA Singh has skipped questioning for the past several days despite repeated summons.
UBS Wealth Management Americas, Bank of America's Merrill Lynch and Morgan Stanley all employ several retired Olympic athletes.
In January this year, VW had said it will invest a minimum of Rs 2,000 crore on its Indian operations by 2013 to ramp up capacity, launch new models and strengthen research activities.
The Opposition on Thursday targeted P Chidambaram in the Lok Sabha over the Aircel-Maxis deal, dubbing it as a "big scam" allegedly involving his son, but the home minister dismissed the charges as "wild and reckless".
Some franchises, says Bikash Mohapatra, are uncertain whether their best interests are addressed in decision-making by the IPL's governing council.
UBS AG's head of operations (India), Manisha Girotra has resigned from the bank to pursue her own business venture. The lender has named Aashish Kamat as the new head of its India business.
All Vyapam cases which have now risen from 185 to 212 will be looked after by the CBI, irrespective of the fact that in 78 of them the state's SIT/STF have filed chargesheets.
Against the backdrop of dispute over figures of presumptive loss in 2G spectrum allocation, the Comptroller and AG has said the draft report which had put Rs 2,645 crore as one of the loss figures could not "conclusively" bring out the potential loss and merely highlighted "possibilities."
Former India captain Mohammad Azharuddin feels that current skipper Mahendra Singh Dhoni lacks 'a bit of intelligence' when it comes to leading the side in Test cricket and there should be different captains for all three formats of the game.
Chief executive officers (CEOs) are known not just for their outstanding capabilities, they are also famous as style icons.
Two Congress members of Parliament from Telangana region have sent back their gunmen to the government saying the people were enough to protect them and they don't need any security.
The merged entity will have a combined market share of 6.4 per cent in the non-life insurance industry with 308 branches in the country. The deal is subject to regulatory approvals and the entire process is expected to be completed in nine months.
The recall affects 5- and 6-Series BMWs built between 2003 and 2010, BMW said in a statement.
Here's a look at 10 films that really made that window count.
With government appearing not keen on bringing Central Bureau of Investigation under Lokpal, Team Anna on Tuesday raised the pitch over the proposed legislation alleging that the UPA was making a fool of the whole country as it was not letting control over the investigative agency go.
India had threatened to stop Swiss, which, as the designated airline of that country, 'violated' a vital clause called the substantial ownership and effective control, mandated under the bilateral air services agreement between the two countries.
The court asked the state government to chalk out designated routes for immersion and tazia processions.
The apex court directed Mallya, who is currently in the United Kingdom, to appear before it on July 10 to argue on the quantum of punishment in the matter.
The company, which has recently completed acquisition of the Modi Tyres Co, will make the fresh investments at thelatter's Modipuram facility.
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