Entities which qualify include stock exchanges, depositories, technology incubators and associations of private equity or angel investors.
Officials said it had informed the RBI about these alleged malpractices earlier and is regularly updating it about such modus operandi being deployed
Sher Shah Suri ruled for only a few years, but his huge influence on India continues six centuries later, reveals Farhat Nasreen.
Bulk seizures of new currency continued on Saturday with some more incidents being reported, including one in which the IT department recovered Rs 5.7 crore cash in new notes secretly stashed inside the bathroom tiles of a hawala dealer in Chitradurga district in Karnataka.
The woman had filed the lawsuit against Uber in January this year alleging that Uber does not adequately screen its drivers and its "negligence and fraud" lead to her being sexually assaulted and humiliated.
The money was allegedly diverted by an ATM servicing company in criminal conspiracy with bank officials.
Nand Kishore Balmiki, the main accused in the alleged forced conversion of about 100 people in Agra recently, was arrested after he surrendered before the police on Tuesday.
'The UPA was the gang that couldn't shoot straight. The NDA is the gang that can't stop shooting. They (the Modi government) are shooting at anybody, everybody, all directions, shooting themselves in the foot.'
Satyam Case has not ended after court verdict, there's lot to unfold say insiders.
The Rs 11,400 crore PNB fraud saga unfolded after a bribery complaint by the Hong Kong branch of an Indian bank.
Initially reluctant to involve the CBI in the investigation on the ground that the central agency had not been able to make any headway into the Nandigram and Netai killings, Chief Minister Mamata Banerjee later changed her stance, saying that the government was not averse to it.
The suspected security breach happened through a malware in the systems of Hitachi Payments Services, which serves ATM network of Yes Bank
Even though the powers of the board of directors stand suspended once a company's insolvency process begins, it does not absolve the directors from actions taken up to two years earlier.
A SFIO probe into Saradha scam and 'chit fund' operations of 62 other entities has found serious financial mismanagement and siphoning off the funds by their promoters, who took advantage of regulatory gaps.
Though the agency did not include former Sebi chief CB Bhave and ex-member KM Abraham in the case, it recommended departmental action against the two.
More arrests are likely in this case, being probed by the elite crime branch, in the next couple of days.
FDA had also issued warning letters to Ranbaxy's Paonta Sahib and Dewas facilities as it found extensive problems and deviations from manufacturing norms.
Kidney scouts roam around the labour markets in the poorest districts of Bihar, West Bengal, Uttar Pradesh, Tamil Nadu and Delhi in search of potential donors.
Making it easier for companies to raise funds through genuine equity or debt offers, Sebi unveiled a slew of measures to bring to book those running illegal money-pooling schemes and indulging in other fraudulent activities.
Risks are increasing with 55 times increase in such transactions over the past three years, says a Assocham-PwC report
Investigators are now trying to ascertain as to who made these alleged forged documents and whether an organised gang is behind it.
In the Anti Money Laundering (AML) Basel Index 2013 India has been ranked 93rd and 70th in 2012 and 2013 respectively out of 140 countries.
The incidence of corruption cases can be checked to a large extent if the suggestions already available with RBI and the government are taken seriously, says Shyamal Majumdar.
What was the fraud? Why did Sebi drag its feet on the order? What options does RIL have now? Samie Modak explains these and more.
Chennai Super Kings and Rajasthan Royals were suspended from the Indian Premier League for two years for betting activities of their key officials, Gurunath Meiyappan and Raj Kundra, during the 2013 season of cash-rich Twenty20 cricket tournament.
Fraud is a big concern among many board members.
The capital markets watchdog has asked the government to empower it to carry out search and seizure operations, to attach properties and to ask for information and records for all relevant entities.
'A senior US diplomat last week asked me when things will go back to normal. I had to tell her that if normalcy meant getting back these perks, it is not going to happen for a very long time, if ever at all,' says Mohan Guruswamy. 'For the Indian public now is outraged that US diplomats have enjoyed all these winking at the rulebook.'
'This arrest was totally unnecessary and disproportionate to the gravity of charges. What was truly required was a more measured and calculated approach, keeping in mind the strain such an action could cause to the growing bilateral relationship between these two great nations.' Indian-American organisations condemn Indian diplomat Devyani Khobragade's arrest.
The scam has offered Lalu Prasad an opportunity to point fingers at Nitish Kumar and Sushil Kumar Modi.
Ranbaxy's US factory, Ohm Laboratories, is learnt to have got a clean chit from the American regulator. This US facility was under surveillance of the Food and Drug Administration (FDA) since the end of 2012.
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Birmingham-based Gurpreet Singh Chadda, who was doing business of sale and rent-back of homes through Red2Black Homes and B&L Homes, has also been banned from working in the British financial services industry, besides a fine of 945,277 pounds (nearly Rs nine crore), the FCA said.
Biometric authentication is based on the unscientific and questionable assumption that there are parts of human body that does not age, wither and decay with the passage of time.
As Ashraf Ghani and Abdullah Abdullah form a joint government after contesting the presidential election against each other, Prakash Bhandari reports from Kabul on the problems facing the new, US-brokered arrangement.
'The failure of the ECI to follow the Registration of Electoral Rules and create verified and audited rolls or even verifiable and auditable ones, highlight that the entire electoral roll is merely a compilation of names without any effort or intention for completeness, correctness or fair play.' 'We are fooling ourselves by electing our representatives based on faulty electoral rolls that do not represent the people of the constituency. Elections based on these rolls are neither free nor fair. Democracy is under siege,' says Dr Anupam Saraph.
The workers who were hired straight out of school as unskilled labourers are now struggling to find alternative employment because they lack skills.
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