News for 'Letter of Credit'

Chennai techie helped NASA find Vikram lander on moon

Chennai techie helped NASA find Vikram lander on moon

Rediff.com4 Dec 2019

On October 3, Subramanian, a Chennai-based mechanical engineer, had tagged the Twitter handles of NASA, LRO and ISRO in a tweet, asking, "Is this Vikram lander? (1 km from the landing spot) Lander might have been buried in Lunar sand?"

Amarinder opposes challenge to Gandhi family leadership

Amarinder opposes challenge to Gandhi family leadership

Rediff.com23 Aug 2020

The veteran Congress leader said the NDA's success was attributable to the absence of a strong and united Opposition.

Nirav Modi's lawyer asks why his client would run away

Nirav Modi's lawyer asks why his client would run away

Rediff.com20 Feb 2018

The lawyer also claimed "there is no evidence to prove any of the charges levelled against my client."

Fuel to SpiceJet only on immediate payment, say oil cos

Fuel to SpiceJet only on immediate payment, say oil cos

Rediff.com17 Dec 2014

SpiceJet grounded all its aircraft due to payment woes

HC hands over Jayalalithaa's home to nephew, niece

HC hands over Jayalalithaa's home to nephew, niece

Rediff.com27 May 2020

The Madras high court on Wednesday asked the Tamil Nadu government to reconsider its decision to convert late Chief Minister J Jayalalithaa's residence in Chennai into a memorial and declared her niece and nephew as the legal heirs of her property worth several crores. A division bench of Justices N Kirubakaran and Abdul Quddhose also suggested that Veda Nilayam, located in the upmarket Poes Garden area, be converted into the official residence of the chief minister of the state, while a portion of the property can be a memorial if needed.

Colour of criminality given to banking transactions: Nirav Modi to court

Colour of criminality given to banking transactions: Nirav Modi to court

Rediff.com5 Jan 2019

Modi also reiterated that he cannot return to India due to safety concerns and also because his case has been politicised.

CBI arrests 3 more officials of PNB in Rs 11,384 cr scam

CBI arrests 3 more officials of PNB in Rs 11,384 cr scam

Rediff.com19 Feb 2018

The total number of arrests by the CBI has risen to six -- four PNB officials, a retired employee of the bank, and an authorsied signatory of Nirav Modi's company -- after Monday's development.

Uddhav had asked me to reinstate Waze: Fadnavis

Uddhav had asked me to reinstate Waze: Fadnavis

Rediff.com17 Mar 2021

"It was a well-thought-out plan. Waze was interrogating Hiran for three days and made him write false complaint of several agencies and police officers calling him including Waze himself. The letters were addressed to chief minister Uddhav Thackeray and Mumbai police commissioner, he said.

IndiGo: Gangwal vs Bhatia spat resurfaces

IndiGo: Gangwal vs Bhatia spat resurfaces

Rediff.com7 Aug 2019

Gangwal said he will not vote in favour of resolutions that intend to expand the size of the board to 10 members. Gangwal wants a seven-member board.

'Resume non-contact sports in sanitised empty stadia'

'Resume non-contact sports in sanitised empty stadia'

Rediff.com13 May 2020

The unprecedented health crisis forced an indefinite shutdown of all sports activities -- both contact and non-contact. The FICCI said non-contact sports can resume first by maintaining social distancing norms.

Well-being of farmers a priority for govt: Modi

Well-being of farmers a priority for govt: Modi

Rediff.com30 Apr 2015

Reaching out to different sections of society, including farmers, Prime Minister Narendra Modi has said the well-being of 'annadaata' is a priority for the government

Winsome becomes a headache for banks and investors

Winsome becomes a headache for banks and investors

Rediff.com6 Dec 2013

The company and its sister concern, Forever Precious, owe close to Rs 5,500 crore.

Now BJP leader wants Delhi's Shahjahan Road renamed; says emperor was 'symbol of lust'

Now BJP leader wants Delhi's Shahjahan Road renamed; says emperor was 'symbol of lust'

Rediff.com20 Sep 2015

Close on the heels of row over rechristening of Aurangzeb Road here, a Delhi BJP spokesperson has demanded that Shahjahan Road should be renamed as Dashrath Manjhi Road, as the Mughal emperor was a "symbol of lust".

Next in DU English literature syllabus: How to write a Facebook post

Next in DU English literature syllabus: How to write a Facebook post

Rediff.com26 Apr 2017

The varsity had recently proposed adding bestselling author Chetan Bhagat's debut novel "Five Point Someone" as a "General Elective" paper for students of honours courses other than English, a choice that drew sharp reactions on the social media.

CBI books billionaire Nirav Modi in Rs 280 cr cheating case

CBI books billionaire Nirav Modi in Rs 280 cr cheating case

Rediff.com5 Feb 2018

Modi, 46, who had figured in the Forbes' list of richest Indians, has been named in the cheating case on a complaint from the PNB, which alleged that the jewellery firm owner, his brother, wife and Choksi entered into a criminal conspiracy with the officials of the bank and cheated it, causing a "wrongful loss".

Oil firms supply fuel to SpiceJet on 'cash and carry' basis

Oil firms supply fuel to SpiceJet on 'cash and carry' basis

Rediff.com17 Dec 2014

Oil firms will supply fuel to SpiceJet on 'cash and carry basis'.

4 assets of Nirav Modi attached; look out notice issued

4 assets of Nirav Modi attached; look out notice issued

Rediff.com1 Mar 2018

The I-T department also attached 34 bank accounts and fixed deposits, valued at Rs 1.45 crore, of the Gitanjali group.

How did Nirav Modi pull off PNB fraud?

How did Nirav Modi pull off PNB fraud?

Rediff.com25 Oct 2019

Theoretically, Modi, who understood corporate finance, committed no crime by raising debt to fund a growing business. In fact, he did a tidy job of it, but his operation started to see the ground underneath it give way in January 2018. A fascinating excerpt from Pavan C Lall's Flawed: The Rise And Fall Of India's Diamond Mogul Nirav Modi.

REVEALED! How Nirav Modi transferred fraudulent funds

REVEALED! How Nirav Modi transferred fraudulent funds

Rediff.com13 Mar 2019

ED team managed to get several bank statements from Barbados, Dubai, Hong Kong etc. which prove vital overseas link and money trail relating to Nirav Modi and his aides.

Sheena Bora Case: How did Indrani access Sheena's email account?

Sheena Bora Case: How did Indrani access Sheena's email account?

Rediff.com14 Feb 2020

The prosecution's pursuit of this tiny detail was because they believed the charge from Google, on Indrani's account, was to restore Sheena's Gmail account, via the Google account recovery toolkit, since Indrani did not have the password.

Excess provident fund money has to be returned

Excess provident fund money has to be returned

Rediff.com8 Oct 2015

Otherwise, EPFO can freeze your account. But seek detailed calculation to verify the numbers

Mehul Choksi refuses to join CBI probe

Mehul Choksi refuses to join CBI probe

Rediff.com20 Mar 2018

The jeweller, who had left the country before Punjab National Bank approached the CBI with complaint against him and Nirav Modi, said the media continued to conduct a trial by itself blowing each and every issue out of proportion.

PNB fraud raises stink over banks' risk management ability

PNB fraud raises stink over banks' risk management ability

Rediff.com16 Feb 2018

The latest fraud is a failure of management supervision and accountability, as no bad debt was generated and no cash was involved

Cong seeks rebel MLAs' disqualification from assembly, asks them to return to 'family'

Cong seeks rebel MLAs' disqualification from assembly, asks them to return to 'family'

Rediff.com15 Jul 2020

Rajasthan Assembly Speaker C P Joshi confirmed that disqualification notices have been sent out Tuesday on the basis of the complaint made by the party. The dissidents have to reply by Friday.

UK court denies bail to Dawood aide, Pak vouches for his 'good character'

UK court denies bail to Dawood aide, Pak vouches for his 'good character'

Rediff.com27 Sep 2018

Moti has been described in UK court proceedings as a "senior member" and "top lieutenant" of D Company.

Ticket counters to open at select railway stations from May 22

Ticket counters to open at select railway stations from May 22

Rediff.com22 May 2020

It said it will also allow reservation of reserved tickets from common service centres (CSC) and through ticketing agents with effect from Friday. The zonal railways have been instructed to decide and notify opening of reservation counters as per local needs and conditions, the order stated.

Savers in dark over Sahara's latest shadow banking schemes

Savers in dark over Sahara's latest shadow banking schemes

Rediff.com23 Dec 2015

Sahara and its founder Subrata Roy have been under scrutiny for years over its financial products, including for possible money laundering.

Parts of Delhi may face power cuts of up to 10 hours a day

Parts of Delhi may face power cuts of up to 10 hours a day

Rediff.com31 Jan 2014

BSES Yamuna Power Ltd said that there could be power cuts of up to 10 hours a day

Cross Border Bank Guarantees, LCs under scanner

Cross Border Bank Guarantees, LCs under scanner

Rediff.com18 May 2011

As part of the stepped-up efforts to track transfer of funds parked overseas in India, the investigating agencies have brought Cross Border Bank Guarantees (CBBGs) and Standby Letters of Credits (SLOCs) under the scanner.

Is Nirav Modi in US? Cannot confirm, says state department

Is Nirav Modi in US? Cannot confirm, says state department

Rediff.com2 Mar 2018

The US Department of Justice declined to comment on Modi.

Black money menace: Taxman targets 1 lakh high-value transactions

Black money menace: Taxman targets 1 lakh high-value transactions

Rediff.com19 Jul 2016

In the first tranche, the department will send out letters in 100,000 cases where the money spent is at least Rs 1 crore (Rs 10 million) each a year.

Over-zealous staffer may have caused Nirav Modi's fall

Over-zealous staffer may have caused Nirav Modi's fall

Rediff.com19 Feb 2018

The Rs 11,400 crore PNB fraud saga unfolded after a bribery complaint by the Hong Kong branch of an Indian bank.

India's 2nd-largest job provider is today gasping for growth

India's 2nd-largest job provider is today gasping for growth

Rediff.com7 Jun 2019

Particularly hit has been the apparel sector, where the time taken by the industry to adjust to the Goods and Services Tax regime, downward revision of export incentives, and a credit squeeze faced by small and medium scale enterprises, has pushed production downwards.

What if Kishore Biyani wins the battle against Amazon?

What if Kishore Biyani wins the battle against Amazon?

Rediff.com20 Nov 2020

Experts say Biyani will now become a contract manufacturer of fashion and FMCG products, with the Reliance group being one of his customers.

Will India shift its financial year?

Will India shift its financial year?

Rediff.com29 Apr 2019

If the BJP comes to power, sources say it may change the financial year (April-March) to the calendar year (January-December).

Pak onion exports to India not resumed

Pak onion exports to India not resumed

Rediff.com14 Jan 2011

The supplies through the land route has been stuck as authorities have made it mandatory for exporters to possess 'irrevocable letters of credit' issued before January 4.

'It is climate change time for corporate India'

'It is climate change time for corporate India'

Rediff.com4 Dec 2019

'There are companies that are losing and there are companies that are rising.' 'And the companies that are losing are positioning it as an economic slowdown.'

Robot: Not Rahman's best, to say the least

Robot: Not Rahman's best, to say the least

Rediff.com2 Sep 2010

Which is a pity, because Robot's storyline -- which seems a bit like Bicenntenial Man, starring Robin Williams -- is all about a mechanical creation discovering human emotions.

Chidambaram mocks Modi govt's sudden love for Moody's

Chidambaram mocks Modi govt's sudden love for Moody's

Rediff.com18 Nov 2017

The senior Congress leader also said over 90 per cent of jobs are in the SME sector which requires an urgent push to boost the economy.

Navy wife swapping scandal: Complainant arrested for fraud

Navy wife swapping scandal: Complainant arrested for fraud

Rediff.com27 Jul 2013

The woman, whose complaint of wife swapping rocked the naval base in Kochi in April, was on Saturday arrested by Delhi police for allegedly committing a forgery by procuring a credit card in the name of her estranged husband.