The Securities and Exchange Board of India on Tuesday barred Austral Coke and Projects from raising any further capital on finding that the company was involved in a fraud amounting to Rs 1,047 crore.
The ministry of company affairs (MCA) intends to insert a clause in the Companies Act that will make audit firms also liable to prosecution as against the existing provisions that limits penal action only to chartered accountants.
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Arvind Mayaram, who was shunted from Finance Ministry to Tourism only a fortnight ago, has now been transferred as secretary in minority affairs ministry even before he took charge of his new post.
Asked if Ganguly would be cornered at the meeting, he laughed and cited an example.
Government headhunters Public Enterprise Selection Board selected Srinivasan after interviewing 11 candidates at its office in New Delhi on Tuesday.
A credit agreement of $600 million equivalent, for the Second Elementary Education Project, was signed on Thursday between the government of India and the World Bank.
"There is currently an ICC Anti-Corruption Unit (ACU) investigation underway in relation to the Ajman All Stars League held recently in Ajman, UAE," ACU general manager Alex Marshall said in a statement.
Striker Didier Drogba has apologised for his behaviour following Chelsea's dramatic Champions League exit against Barcelona on Wednesday.
Trident International Holdings has awarded a $400 million contract to Arabian Construct ion Company (ACC) to build the world's tallest residential tower the 'Pentominium' in Dubai Marina.
Opening the innings with Virender Sehwag has its own perils since the right-hander makes batting look ridiculously easy but Gautam Gambhir believes he still manages to hold his own because he doesn't try to match his partner shot for shot.
Tom Daschle, President Obama's nominee to be secretary of Health and Human Services, withdrew his nomination, White House officials said.
The warnings by the intelligence agencies have been circulated by the interior ministry, which said they could be carried out as reprisals as Taliban, al Qaeda and other foreign militant elements, who have suffered badly in ongoing operations by the security forces in the tribal areas. According to official figures, more than 1,500 Taliban cadres have been killed in the army operations carried out in the Bajaur agency and Swat valley.
Indian batting maestro Sachin Tendulkar was named the best Asian one-day batsman at the inaugural Asian cricket Council (ACC) awards ceremony in Karachi last night.
Radhakishan Damani is the only billionaire to see his wealth grow by around 20% during the lockdown.
"He could have avoided any contact but to me he is just as guilty. Trying some football skills to get a penalty??? Pity he didn't dive to top it off."
Everything you wanted to know about 'Sunny' Gavaskar.
The government's total expenditure for the first time will surpass the Rs 10,00,000 crore (Rs 10 trillion) mark in the current fiscal.The government's total spending for the current fiscal has been hiked by 36 per cent to a record Rs 10,20,838 crore (Rs 10.20 trillion), Finance Minister Pranab Mukherjee said while presenting the Budget.
Punjab National Bank Chairman and Managing Director K C Chakraborty has emerged as the frontrunner for the post of the fourth deputy governor of the Reserve Bank of India (RBI).
The Hercules Mountain Biking Himachal race will flag off on September 27 from Shimla and will cover a distance of 680 kms over nine eventful days.
A mental patient has been deported to India to face an uncertain future, although his case is still open to appeal in court, according to his family. Harvey Sachdev was 12 when he came to the United States with his family from Punjab. He was a valedictorian both at the Northeastern High School, Elizabeth City, North Carolina, and at the University of Pennsylvania where he earned a bachelor's degree in psychology. But worsening schizophrenia made it difficult for Harvey.
The link between risk-taking and monetary policy is vital to avoid financial crises of the type we're seeing, says Sumita Kale.
Russia indefinitely puts off delivery of nuke subs to India
Private GSM mobile players' lobby Cellular Operators Association of India launched on Wednesday another attack on the government, warning that any proposal to issue Letters of Intent to all prospective licencees will seriously hamper investors' confidence. According to COAI, the entry fee of Rs 1,651 crore (Rs 16.51 billion) for a pan-India licence, as fixed by the department of telecommunication is for spectrum bundled with license.
The Hussain family from Sopore and Iqbal household in Kashmir's Anantnag are eagerly waiting for their cell phones to buzz. It's been 11 days since 20-year-old Amir Hussain Rather and 25-year-old Wasim Iqbal last spoke with their folks back home.
The Aditya Birla Group company has already spent over Rs 3,000 crore on projects to take its production capacity from 17 million tonnes to 21.9 mt and plans to further scale up till 23.1 mt by June-end. K C Birla, chief financial officer, said, "We will continue to maintain our market share and, if required, we will go ahead with more capacity additions to ensure we don't become a loser in the market."
Senior Central Bureau of Investigation official Partho Sarathi Bose, arrested by the agency in a graft case in Kolkata, has been remanded to police custody till January two by a special judge in New Delhi.Bose, a Deputy Superintendent of Police in the CBI's Kolkata branch, was arrested by the agency after being caught allegedly accepting a bribe of Rs 50,000 from a truck driver on December 28.The CBI official's arrest has also become a political talking point.
There were rumours of the army going for a coup, but for now it does not appear to be so. But the conditions for a civil war exist. If the Maoists decide to take to the streets to counter the rallies and demonstrations of the opposition parties there will be violence. If violence escalates, the army could intervene.
"I think the steps that we've seen Pakistan take are good steps. They're promising steps. We hope they get followed up," Assistant secretary of State for South and Central Asian Affairs Richard Boucher said in Beijing last week, according to a transcript released today by the State Department.
Greycells 18 will launch an interactive channel called Topper to assist students in their class 10 and class 12 board exams.
Chinese equipment is comparatively cheaper than those from Europe. Puneet Dalmia, managing director, Dalmia Cement, said, "At present, we have no plans to bring machinery from China as there are unclear evidences regarding how long the plant would last." Cement majors such as ACC and Shree Cement has imported a small part of their equipment need from China, but these do not make part of the main cement plant.
Ganguly had said India will lock horns with England, Australia and one other top cricketing side in an annual ODI series starting 2021.
The director general of investigations and registration, in its 30-page report submitted to MRTPC, said that industry body CMA was instrumental in fixing prices in the sector.
Bangladesh's Anti-Corruption Commission has formally pressed charges against detained former premier Khaleda Zia for allegedly contracting out several gas fields to a Canadian oil company in exchange for kickbacks.
Short of funds but bursting with confidence, Afghanistan's cricket team is itching to take on the best in the world.
The grandsons of the seventh Nizam of Hyderabad the late Mir Osmanali Khan Bahadur's Tuesday said they would fight a 'legal battle' against the Indian and Pakistani governments, claiming that the Rs 300 crore locked up in London's Westminster Bank since 1948 was their money.
Ahmedabad-based firm to fund deal through equal amount of equity and debt.
Auto stocks will be in focus
The International Cricket Council on Tuesday washed its hands off the much-criticised Asia Cup schedule, which has been dubbed too hectic by Indian ODI captain Mahendra Singh Dhoni.
Swiss cement major, Holcim, promoter of two of India's biggest cement companies, ACC and Ambuja Cements, said there is no escape from increasing the cement prices in the country considering the high energy costs.
