Thousands of unlisted companies registered with RoCs will soon go under watch on lines similar to the oversight by the Securities and Exchange Board of India of listed companies.
After taking action against 226,000 shell companies last year, the ministry of corporate affairs has now zeroed in on a fresh batch of suspected shell companies.
The government on Tuesday gave formal approval to the multi-services special economic zone of Mukesh Ambani- promoted Reliance Industries Limited in Gurgaon and in principle approval to the company's port-based SEZ in Rewas.
The bench also said there was merit in ED's contention that while the "driving force behind the companies" (Modi) was not submitting to the agency's jurisdiction, his companies cannot be given any discretionary relief.
The gold prices on Tuesday dipped as low as Rs 11,000 per 10 gram, down nearly one-fifth from this year's high of Rs 13,650 scaled nearly a month-ago on July 15. The price has come close to its level seen during the Diwali season last year, when it stood at near Rs 10,500 per 10 gram. This year, Diwali falls on October 28.
Several families in Ganjam, Jagatsinghpur and Nayagarh have named their newborn daughters as Titli because they were born either before the very severe cyclone's arrival in the coast or after it made landfall.
A quick computation puts the following value to the seizures.
Former US student, Gitanjali Bakshi, who studied in the US for four years, discusses life in America and provides tips for prospective students.
The hits and misses of the week.
The government has given sanction for prosecution against PNB executive director Sanjiv Sharan as part of the clean up exercise in the system.
The month-long carnival (after the April 20 wedding) will be held in 10 or12 cities and will showcase a collage of the couple's films, paintings and photographs, apart from exhibiting Gitanjali's new wedding collection.
Rediff reader Gitanjali Gurbaxani shared these yummy recipes with us.
The hits and misses of the week.
Gitanjali Bakshi, who studied in the US for four years, describes life in America. She touches on the differences in academic styles, living expenses and much more.
An 18-year-old drowned last evening when he went for a swim in Mitha river at Saki Naka in Northeast Mumbai, while a woman sustained minor injuries today when the balcony of a building collapsed at Vakola.
Chill out with these delicious recipes.
The agency has so far seized diamonds, gold jewellery and other precious stones worth Rs 5,716 crore in the case and summoned Modi and Choksi, the promoter of Gitanjali Gems, to appear before it on February 23 at its Mubai zonal office.
'Mothers as characters may have the same problems as they had years ago.' 'But what's refreshing is how they are becoming more accepting towards the changes in society.'
The agency has written to the Interpol to issue a Red Corner Notice which would mean that the member countries of the Lyon-based international police cooperation agency can arrest and extradite Nirav Modi
From India's first Vietnamese restaurant to a molecular restaurant, Gitanjali Gurbaxani lists her choices for a monsoon treat in Bengaluru.
According to RBI's circular, cases of frauds involving more than Rs 25 crore and up to Rs 50 crore should be given to the CBI's Banking Security and Fraud Cell
Shares of jewellery makers on Monday fell sharply by up to 20 per cent following dip in global prices of gold.
Rajan said it is hard to offer an objective self-assessment but the RBI should probably have raised more flags about the quality of lending in the early days of banking exuberance.
Banks have become more vigilant over the past two weeks, with many more officials involved in loan approval and disbursal.
"Our preliminary estimates show we may have to provide for around Rs 60 billion in the balance sheet for the quarter ending on March. The due date for LoUs amounting to Rs 60 billion is falling in the present quarter. This will be a contingent liability for the bank," said a senior executive, on condition of anonymity.
Demand bounces back but uncertainty over GST rate for jewellery casts a shadow over future.
The CBI on Wednesday directed him to contact the embassy of India in a country where he is staying so that his travel to India can be arranged
The stunning actress turns 32 today, September 11.
Nultiple regulators are probing the nexus of scamsters with diamonds after a state-run bank got defrauded of $1.8 billion by designer jeweller Nirav Modi.
Precious ornaments are estimated to become 3% costlier under GST
Aseem Chhabra picks Indian and other South Asian gems at the Toronto International Film Festival.
The Reserve Bank of India also banned with immediate effect issuance of letters of comfort which, like LoUs, are used by importers to fund their overseas purchases.
The ED on Monday also examined the state-owned bank's executive director K V Brahmaji Rao to understand how the alleged fraud was detected and other banking procedures.
A food consultant tries to channel her healthier side, and here's what she discovers.
