Parekh was held guilty in the case related to the 1992 stock scam, in which Canbank Financial Services was duped of over Rs 47 crore (Rs 470 million). On April 1, a special court in Mumbai had sentenced Parekh, Hiten Dalal and four others to one year in jail for siphoning off funds from Canbank Financial Services Ltd, a unit of Canara Bank.
As a consensus remains elusive on key economic policies like foreign investment norms, industry leader Deepak Parekh has said India's FDI policy is akin to 'inviting guests over to our house, but not opening the door'.
IT company Infosys on Thursday said its consolidated profit jumped 30 per cent to Rs 7,969 crore in the fourth quarter ended March 2024. The company posted a profit of Rs 6,128 crore in the same period a year ago, according to a regulatory filing. The consolidated revenue of Infosys during the reported quarter increased by 1.3 per cent to Rs 37,923 crore from Rs 37,441 crore in the same quarter a year ago.
March was the first full quarter for Infosys under its new CEO Salil Parekh.
With the Company Law Board rejection both the applications filed by Ketan Parekh group of companies on the stock market scam of 2001.
Country's leading housing finance company HDFC chairman Deepak Parekh said on Friday that he expects interest rates to soften by 0.25-0.50 per cent if there is no hike in the cash reserve ratio.
At India Economic Convention organised by India Foundation, Parekh said the country needs $1 trillion in the 12th Plan of which 47 per cent was to come from private sector, but it has not happened in the first two years of the Plan period.
Mumbai stock broker Ketan Parekh, in custody for about four weeks now, is planning to move the Supreme Court next week for bail after his prayer was rejected by the Calcutta high court.
The Securities and Exchange Board of India (Sebi) on Monday barred trader Ketan V Parekh and his associates, who were instrumental in the stock scam of 1999-2001, from accessing the stock market for another ten years . Sebi, in an order issued on Monday, said it was banning Ketan Parekh and associates for a total of 14 years, effective from December 12, 2003.
The yesteryear actress follows suit after Shashi Kapoor and Raj Kapoor.
A Kolkata court on Tuesday extended for four days the police remand of former big bull Ketan Parekh in connection with the Rs 120 crore (Rs 1.20 billion) Calcutta Stock Exchange scam, even as it granted bail to another accused.
IIFCL Chairman S K Goel says the recommendations are premature, as the state-run lender's role as a guarantor for long-term funds would depend on the success of the Credit Enhancement Scheme and Infrastructure Debt Fund.
HDFC Chairman Deepak Parekh on Thursday said RBI is expected to raise key short-term rates by 25-50 basis points later this month.
The CBI has filed chargesheets against 12 accused, including sharebroker Ketan Parekh, for allegedly defrauding the Madhavpura Mercantile Co-operative Bank of Rs 1,030 crore.
K K Mistry, currently vice-chairman and managing director, will take over as vice-chairman and CEO when Parekh steps down on January 1, 2010.
The government has received reports that tainted stock broker Ketan Parekh, barred from the capital markets till 2017 over a securities scam, is still active and has taken positions in oil PSUs like ONGC and HPCL.
Noted housing finance expert Deepak Parekh will head an eight-member committee appointed on Tuesday by the ministry of housing and urban poverty alleviation to discuss the draft guidelines of government's ambitious Rajiv Awas Yojana which aims to make the country slum-free.
Bullish over robust fundamentals and improving macroeconomic conditions, industry leader Deepak Parekh on Saturday said India currently has "exceptionally good conditions" in place to aspire for 10 per cent economic growth but much needs to be done to achieve that target.
A look at the pictures.
Modi has proven to be a past master in the art of political survival. This means that learning to navigate the choppy waters of coalition government will be an art he will not take long to master, argues Shyam Parekh.
Besides Deepak Parekh, who heads financial institution HDFC, other committee members include key representatives of major banks and infrastructure finance institutions.
Suggesting big-ticket reforms to attract investment in the infrastructure sector, a high-level committee on Wednesday recommended increasing electricity charges and rail fares.
Aamir Khan made sure to invite stars, young and old, at the wedding reception of his daughter Ira and Nupur Shikhare.
Shammi was known for her television series Dekh Bhai Dekh, Zabaan Sambhal Ke, Shriman Shrimati, Kabhi Yeh Kabhi Woh and Filmi Chakkar.
The Securities and Exchange Board of India has debarred stock brokers Ketan Parekh and Kartik K Parekh and seven of their entities from trading in the market for 14 years after finding their involvement in the 2001 stock market scam.
Film folk wore their prettiest saris and smartest suits for a grand wedding reception held over the weekend.
CBI officials, however, said no such evidence had so far been found. CBI, on receiving a tipoff from its sources, found that a private financial services company, its chairman and managing director, and other associates were allegedly bribing senior officials of public sector banks and financial institutions for facilitating largescale corporate loans.
Why are DIIs holding such a high stake in Zee, which is beset with alleged governance issues? Perhaps they think Zee is a deep-value stock, observes Debashis Basu.
Infosys on Thursday posted a 7.8 per cent year-on-year rise in consolidated net profit at Rs 6,128 crore in March quarter of FY23, and gave 4-7 per cent revenue growth forecast for FY24 amid macro economic uncertainities. The net profit (after minority interest) stood at Rs 5,686 crore in the fourth quarter of FY22. Seen sequentially, the net profit for Q4 came in 7 per cent lower.
In order to expedite the implementation of the Parekh Committee's recommendations on infrastructure financing, the finance ministry has decided to pursue a few key issues instead of taking up the whole report.
'Actresses of our generation were genuinely fond of one another.'
India's second largest IT services company Infosys on Thursday reported a 3.1 per cent year-on-year rise in net profit to Rs 6,215 crore for the September 2023 quarter. The earnings (before minority interest) of the Bengaluru-based company stood at Rs 6,026 crore in the year-ago period. The company - which competes in the IT services market with TCS, Wipro, HCL Technologies and others - saw its revenue rising 6.7 per cent to Rs 38,994 crore for the just-ended September quarter.
Information technology major Infosys and Liberty Global, a London-based telecom firm, signed a 1.5 billion (about $1.64 billion) deal for five years to evolve and scale up the telco's digital entertainment and connectivity platforms, the companies said in a joint statement on Tuesday. As part of the expanded collaboration agreement, the size of the contract will touch 2.3 billion (about $2.5 billion) if extended to 8 years. The collaboration allows Liberty Global to realise run-rate savings of over 100 million (about $109 million) per annum, inclusive of other savings and technology investments, Infosys said in a statement.
Moving quickly to stabilise the fraud-devastated Satyam Computer, the government on Sunday nominated noted banker Deepak Parekh, IT expert Kiran Karnik and former Sebi member C Achuthan to the infotech company's board.
IT services firm Infosys on Thursday reported an 11 per cent rise in consolidated net profit in June quarter at Rs 5,945 crore, but lowered full year growth outlook to 1-3.5 per cent amid macro uncertainties. The net profit (before minority interest) during the same period previous year stood at Rs 5,362 crore.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances