The bank will cater to Russian clients through its subsidiaries in other countries
The Federal Trade Commission said the defendants used phony debt collection calls from India and bogus claims that they would reduce consumers' credit card interest rates to bilk consumers.
In the continuing battle between the promoter family and Invesco, ZEEL said its MD and CEO Punit Goenka has informed its board about a proposal made by Invesco about the merger, under which Strategic Group would hold majority stake but he was offered to be appointed as MD and CEO of the merged entity besides offering 4 per cent stake. In a regulatory filing, ZEEL alleged that Invesco's stance in their Open Letter that they "will firmly oppose any strategic deal structure that unfairly rewards select shareholders, such as the promoter family, at the expense of ordinary shareholders" runs contrary to the very deal Invesco was proposing itself a few months ago.
Yahoo's most recent permanent CEO, Scott Thompson, resigned in May amid allegations of manipulating his educational qualifications, just five months after he was hired.
"He is a famous journalist and runs a digital media platform. Digital media platforms were allowed to get money from outside... The cap came the following year," Sibal argued.
Five players have been sanctioned for brawling in the immediate aftermath of Bangladesh's victory over India in the under-19 World Cup final in South Africa at the weekend, the International Cricket Council (ICC) said on Monday. Towhid Hridoy, Shamim Hossain and Rakibul Hasan of Bangladesh and Indians Akash Singh and Ravi Bishnoi were all charged with breaches of the ICC code of conduct and handed international suspensions of between four and 10 matches.
Sony Pictures Networks India Pvt Ltd (SPNI) and Zee Entertainment Enterprises Ltd (ZEEL) on Wednesday said they have signed definitive agreements for their merger following conclusion of an exclusive negotiation period during which both parties conducted mutual due diligence. In a joint statement, the two companies said they have "signed definitive agreements to merge ZEEL with and into SPNI and combine their linear networks, digital assets, production operations and program libraries". The agreements follow the conclusion of an exclusive negotiation period during which ZEEL and SPNI conducted mutual due diligence, it added.
Invesco, the single largest shareholder of Zee Entertainment Enterprises Ltd (ZEEL), on Wednesday said it had tried to facilitate a possible deal between Reliance and the company but refuted claims it had pushed for the transaction at a lower valuation. The latest statement from Invesco comes a day after ZEEL chief Punit Goenka told the company's board that Invesco had come with a proposal in February for a merger with certain entities owned by a large Indian group (Strategic Group) with inflated valuation "by at least Rs 10,000 crore". In a statement on Wednesday, Invesco mentioned that Reliance was the large Indian group.
India's captain Priyam Garg says the team wants to continue focussing on the process with "another step" left for what his team had set out to achieve, after beating Pakistan in the semi-final of the Under-19 World Cup on Tuesday.
As part of the agreement, McDonald's has acquired 50 per cent voting equity shares in Connaught Plaza Restaurants, held by Bakshi and his affiliated entity since inception.
The Delhi high court on Thursday extended till December 17 the interim protection from arrest granted to Newsclick editor-in-chief Prabir Purkayastha in a foreign funding case and asked the Delhi police why it needed his custodial interrogation when the RBI has given a prima facie finding in his favour.
India men's team captain Virat Kohli and the legendary Sachin Tendulkar on Sunday praised the national team's performance in the ICC Women's T20 World Cup, saying they will bounce back stronger from the defeat to Australia in the final. Unbeaten throughout the tournament, India were outplayed in all departments of the game by the defending champions, who clinched an unprecedented fifth world title in the shortest format with an 85-run win.
Claiming 'right to be forgotten', reality show celebrity Ashutosh Kaushik on Thursday sought a direction from the Delhi high court to the Centre and Google that some of his videos, photos and articles be removed from various online platforms as they have a "detrimental effect" on his life.
Joaquin Phoneix (Joker) and Renne Zellweger (Judy) should keep their fingers crossed, says Kumar Abishek.
Dabur's acquisition is in line with its strategy to build a global presence in the international FMCG market.
I'm confident Australia can do it and it all starts against South Africa -- a brilliant match to start what will hopefully be a brilliant tournament for the Baggy Greens, says Brett Lee.
Soros has bid for the BSE stake, held by the embattled Dubai Financial Group LLC, through Soros Fund Management LLC, and Kaiser has done so through private equity fund, Argonaut.
No sooner has the IPL ended, comes another big cricketing extravaganza as the T20 World Cup kicks off in the UAE from Sunday
Young Pakistan batsman Haider Ali wants to hit the ball as clean as his inspiration Rohit Sharma does and emulate the Indian limited-overs vice-captain in scoring double hundreds frequently. Ali, who rose to prominence with his exploits in the Under-19 World Cup earlier this year, has got his maiden national call-up for the tour of England.
The Delhi high court on Friday asked the Centre to reply to pleas by Facebook and WhatsApp challenging the new IT rules for social media intermediaries requiring the messaging app to "trace" chats and make provisions to identify the first originator of information.
Urvashi Vaid dreamed of a common movement for social justice that could address them all: Racism, gender oppression and homophobia. Sandip Roy salutes the memory of Urvashi Vaid, one of America's most prominent LGBT activists, who passed into the ages this month.
As the feud continues between Zee and Invesco, appellate body NCLAT on Thursday directed the National Company Law Tribunal (NCLT) to give reasonable opportunity to the media major to reply to Invesco's plea for holding a meeting of shareholders, and also remarked that the tribunal made an "error" by not providing sufficient response time. With the order capping a day of fast legal developments at the NCLAT as well as the NCLT within a span of a little over an hour, the spat between Zee Entertainment Enterprises Ltd (ZEEL) and minority shareholder Invesco will now come up for hearing before the NCLT on Friday. Invesco is seeking the ouster of ZEEL MD and CEO Punit Goenka and appointment of six new directors on its board.
Former India captain Kapil Dev termed the unsavoury incident involving India and Bangladesh players after the ICC Under-19 World Cup final in Potchefstroom on Sunday as "horrible", saying cricket is no more a "gentleman's game". The 1983 World Cup-winning India captain urged the Board of Control for Cricket in India to take strong action against the erring cricketers to set an example.
Justice Rajiv Sahai Endlaw made these observations while hearing submissions on behalf of Instagram handle Herdsceneand - which sought to maintain anonymity in a suit filed against it by artist Subodh Gupta seeking removal of the allegedly defamatory content made against him on social media.
There was no drama, no applause, no tears, no laughter. The 79th Golden Globes had indeed lost its lustre, says Aseem Chhabra.
It's not all doom and gloom for Australia because they have got an amazing squad and I do believe for the first time that they do have a team that can win this ICC Men's T20 World Cup, says Brett Lee.
Brazilian soccer legend Pel has sued Samsung Electronics Co for at least $30 million, alleging the Korean company improperly used a look-alike in an advertisement that ran in the New York Times without permission.
Announcement for the Rs 4,000-crore acquisition likely today.
The NIH said results of two studies of blood serum from people who had received Covaxin suggest that the vaccine generates antibodies that effectively neutralise the B.1.1.7 (Alpha) and B.1.617 (Delta) variants of SARS-CoV-2, first identified in the United Kingdom and India, respectively.
Indian women's team was also scheduled to tour England for the tri-series (also involving SA) but it had pulled out due to the health crisis in their own country.
The partnership will also see the two parties cooperate on technology initiatives, including development of affordable smartphones.
Leading media firms Zee Entertainment and Sony Pictures on Wednesday said they have received in-principle approval for a merger that will combine both companies' linear networks, digital assets, production operations and programme libraries.
Heather Knight's majestic maiden T20I century helped England to a record-breaking 98-run victory over Thailand in the ICC Women's T20 World Cup match at Manuka Oval, in Canberra, on Wednesday. In the day's second match, played later, Pakistan claimed the scalp of the West Indies outplaying the 2016 winners in an eight-wicket victory.
It designs microsurgical instruments, devices used in minimally invasive surgery, drug delivery devices for ophthalmic therapies and user-centric wearables.
Buying Yahoo's assets would expand DailyMail.com's reach and improve its digital ad rev
Kerala CM wrote to EAM S Jaishankar, seeking his intervention in the matter.
In an open letter to Zee's shareholders, Invesco, which holds a 7.74 per cent stake in the firm, reiterated its demand for an overhaul of the media group's board and that it would pursue extraordinary general meeting (EGM) to oust chief executive Punit Goenka and two other directors. Last month, Sony Group Corp's India unit signed a non-binding offer to buy Zee.
The prolific Yashasvi Jaiswal and highest wicket-taker Ravi Bishnoi were among three Indians named in the ICC Under-19 World Cup Team of the Tournament on Monday. Besides left-handed opener Jaiswal and leg-spinner Bishnoi, right-arm pacer Kartik Tyagi is the other Indian to figure in the 12-member team, led by World Cup-winning Bangladesh skipper Akbar Ali.
Bangladesh stormed into their maiden ICC Under-19 World Cup final with a comprehensive six-wicket victory over New Zealand, in Potchefstroom, South Africa, on Thursday, setting up the title clash with record four-time champions India.
Dena Bank entered into rupee drawing arrangement with UAE Exchange Centre LLC, Abu Dhabi, the largest Exchange Houses in UAE.
