Sebi was probing a complaint by S Gurumurthy of Swadeshi Jagran Manch, alleging that RIL and its investors lost at least Rs 2,700 crore.
Self-styled godman Asaram Bapu has run into fresh trouble with the Serious Fraud Investigating Office seeking his prosecution in a Rs 700 crore land grab case in Madhya Pradesh.
Self-styled godman Asaram Bapu has ran into fresh trouble with the Serious Fraud Investigating Office seeking his prosecution in a Rs 700 crore land grab case in Madhya Pradesh.
The PM held bilateral meetings with three ASEAN leaders, including his Vietnamese counterpart Nguyen Xuan Phuc and Myanmar's State Counsellor Aung San Suu Kyi, and discussed key bilateral and regional issues.
The Registrar of Companies in Hyderabad, where the head office of the crisis-ridden company is located, will be a part of the SFIO team to probe the case, sources added. Earlier on Friday, the ministry dispatched the SFIO team consisting advisers and inspectors to Hyderabad to assist RoC in the Satyam probe.
The meeting came amid a face-off between the central bank and the finance ministry over issues ranging from appropriate size of reserves that RBI must maintain to ease of lending norms to step up growth in an election year.
Such an exit arrangement is commonly known in the business parlance as 'golden parachute' or 'sweetheart deal'
The Ministry of Corporate Affairs (MCA) has decided to put the early-warning system on the backburner due to technical snags.
Those who know Alapan Bandyopadhyay describe him as measured, tactical and extremely focused on achieving what he sets out to do. To many it came as a surprise that he would cut short a meeting with the prime minister.
Stressing the need to clearly define what constitutes the legal lobbying activities by business groups in India, Corporate Affairs Minister Sachin Pilot on Monday said lobbyists should present their views to policymakers in public and not behind the closed doors.
The Parliamentary Standing Committee on Information Technology, headed by senior Congress leader Shashi Tharoor, had called representatives of Facebook to hear their views "on the subject of safeguarding citizens' rights and prevention of misuse of social/online news media platforms including special emphasis on women security in the digital space," according to agenda of the meeting.
Most IT companies today have multiple delivery centres, physically verifying documents is arduous and difficult to determine where the actual billing is done
Auditors and promoter entities linked to the UB Group have come under scanner of multiple regulatory agencies for alleged irregularities.
Ex-coal secy HC Gupta and other officials were later granted statutory bail as the jail term was below four years.
2,138 firms deposited unaccounted Rs 5,000 cr in zero-balance accounts during the note ban
Two Indians have been allegedly confined to a guest house in Zanjan city of Iran since over a month by a private engineering firm following a business dispute with their Goa-based company, according to family members of one of them.
Small and medium enterprises have been struggling to raise bank credit even as they have been powering India's manufacturing growth in recent years.
Completing its over a-year-long probe into Saradha scam, the Serious Fraud Investigation Office (SFIO) has submitted its final investigation report to the government, which may soon start prosecution proceedings for numerous serious violations found during investigations.
Rediff.com's Syed Firdaus Ashraf traces the journey of PM-CARES from its founding to finally admitting it is not a government fund.
Experts said the outcome isn't surprising as the action initiated by Sebi was not after an investigation or findings.
JNPT, the country's largest container port at Navi Mumbai, and Kandla in Gujarat's Kutch, the largest port by total cargo, will come together to form a Special Purpose Vehicle to operate the terminal at Chabahar, under a revenue-share agreement with the Port and Maritime Organisation, Iran.
Celebrities endorsing Maggi can face action If Maggi is tested of high content of MSG.
Telecom companies have been desperately waiting for a bailout package from the government after a Supreme Court order put their statutory liabilities at Rs 1.47 lakh crore.
The investigative arm of corporate affairs ministry says there may also be involvement of others in alleged fraud, besides top executives.
Bharatiya Janata Party spokesperson and Rajya Sabha member Prakash Javadekar has said that the party plans to the issue of Angola in Parliament where the government in power has confisicated the passports of agitating Indians working in various companies and refusing to return them, thereby not allowing them to return to their country of origin.
Mah, Dellhi have highest active firms
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.
According to nCore Games, FAU-G will be based on real scenarios encountered by the Indian security forces to deal with both domestic and foreign threats, with its first level set against the Galwan Valley backdrop. The start-up is planning to monetise the venture through in-game purchase where people will be able to buy better items in the game like better armour for an enhanced gaming experience.
The immediate concern for all companies is to prepare themselves - and their vendors and suppliers - for the new GST return filing mechanism, being test piloted from April 1.
Defence Minister A K Antony on Saturday said India has sought details from the United Kingdom in connection with corruption allegations in the VVIP helicopter deal with Italy and "strong action" would be taken in case any foul play is detected in the procurement process.
Prime Minister Narendra Modi on Saturday hard sold his government's reforms spanning from manufacturing to taxation to labour, saying they have changed the world perception about the country from 'why India' to 'why not India' and went on to quote record foreign investment during the pandemic as a testimony to that. Speaking at industry association Assocham's Foundation Week event, Modi also said agriculture reforms brought by his government six months back have started benefiting farmers. The reforms in the last six years have influenced in changing the sentiment of the industry from 'why India' to 'why not India' in investing.
Ministry returns guarantee saying new price has not been notified and RIL would have to submit surety as and when it is announced.
"There was an income tax raid at the firm premises sometime back... later, the company did pay up the required tax. But it came to light that certain bogus bills were debited in the account, which inflated expenses. The company had taken advantage of this while filing its income tax," a senior official of the serious frauds investigation office, who didn't wish to be identified, said.
India on Sunday brought back nearly 400 people, including 329 of its nationals and two Afghan lawmakers, in three different flights as part of its efforts to evacuate its citizens from Kabul in the backdrop of the deteriorating situation in the city after its takeover by the Taliban
The Ministry of Corporate Affairs (MCA) has worked out new parameters for scrutiny of companies. These are based on reports on the Satyam fraud investigation.
The Oil and Natural Gas Corporation may face delisting from stock exchanges as a petroleum ministry directive appointing additional government directors on company board has violated its listing agreement.
The ministry of corporate affairs has raised questions on Etihad's rights to nominate three directors on the board and, despite being a minority shareholder in the company, decide on the vice-chairman.
A month after the government allowed registration of Limited Liability Partnerships, only 10 firms have availed this new form of doing business that provides advantages of a partnership firm and also a corporation. This is because the government is yet to notify key sections (Sections 55 to 58) of the law that would enable conversion of a partnership firm, private company or unlisted public company into an LLP.
IOC, in the annual performance memorandum it signs with the petroleum ministry, stated that the Navratna oil companies should be granted freedom to fix retail selling price of petrol, diesel, domestic LPG and kerosene.
The latest roadmap for exempts banking, insurance and non-banking finance companies
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