He also claimed that even the news report had not suggested any wrongdoing on his part.
A Sydney cafe that was the scene of a deadly 16-hour siege reopened on Friday, over three months after two hostages died in the terrorist attack staged by a Iran-born gunman inspired by the Islamic State militant group.
Allaying investors' fears, Franklin Templeton AMC has said Sebi's order prohibiting the company from launching new debt funds will have no bearing on existing schemes managed by it. Sebi on Monday barred Franklin Templeton Asset Management (India) from launching any new debt scheme for two years and imposed a penalty of Rs 5 crore for violating regulatory norms in the case of winding up of six debt schemes in 2020. Also, it has been asked to refund investment management and advisory fees of over Rs 512 crore (including interest) collected with respect to the six debt schemes. This amount will be used to repay unitholders, as per Sebi order.
Proceeds of the crime had been siphoned off and laundered or concealed, or layered and integrated into the main financial system through the acquisition of properties. His wife Bindu Kapoor has been charged with being aware of the source of monies that were being routed through these companies.
Evidently, households see a brighter future after the Budget, reveals Mahesh Vyas.
The Australian media has identified the gunman as Haron Monis, who was granted political asylum in Australia.
The agency's probe till now found that huge monies were transferred through RTGS transfers to some shell companies including a case where the director of such a firm was a petty labourer
'For HNIs, shifting economic activities outside India by creating regional hubs for businesses is a better option.'
The lesson from telecom, FM radio and cable TV is that lowering licence fees increases usage and raises government revenues.
The India International Jewellery Week in Mumbai saw some gorgeous women on the ramp. Take a look!
Suzie Bates blasted 79 not out on her home ground of Dunedin as New Zealand earned a nine-wicket victory over Bangladesh in the ICC Women's Cricket World Cup 2022.
Ever since the killer tsunami hit Nagapattinam, district Collector M Veera Shanmugha Moni has hardly had \nany sleep.
Sensing a huge opportunity in the healthcare sector during the Covid-19 pandemic and its aftermath, private equity (PE) players are upping their investments in the space. According to data from research platform VCCEdge, the PEs have together invested a staggering $583.82 million in the first five months of 2021 in five deals, which is the highest investment in the sector in the last five calendar years - from 2016 to 2020. The second highest investment in the sector took place in 2017, when PEs invested $503 million in 18 deals, with an average deal size of $29. 9 million.
Interest on NRE accounts is tax-free, but the I-T department creates hurdles to tax these accounts.
The family is 'unable to accept' the death of Lawrence, killed in the terrorist attack at Al Khobar
Bangladesh government on Tuesday reacted sharply to top opposition leader Khaleda Zia's refusal to meet visiting President Pranab Mukherjee, saying it 'is a departure from democratic norms and courtesy'.
British oil firm Cairn Energy Plc on Tuesday said it has identified Indian sovereign assets overseas, which it can seize in the event of New Delhi failing to return over USD 1.7 billion that an international arbitration tribunal has ordered after rescinding a retrospective tax demand.
G Murlidhar, MD and CEO, Kotak Mahindra Life Insurance Company explains how to make smart financial decisions for better gains.
Bangladesh has asked Myanmar to immediately repatriate thousands of Rohingyas refugees, who sought refugee in this country following violence in the Buddhist dominated Rakhine state of the neighbouring nation.
Franklin Templeton Asset Management (India) on Tuesday said it strongly disagrees with the findings in Sebi's order in the case of winding of six debt schemes in 2020 and has decided to challenge the direction in Securities Appellate Tribunal (SAT).
In an apparent snub to Pakistan, Bangladesh Prime Minister Sheikh Hasina has scrapped her planned visit to Islamabad to attend an international summit later this month, without citing any specific reason.
Leveraging global capital markets to give muscle to an innate competitive advantage in rapid mass transaction systems will lead to India becoming a petri dish for global enterprises and new-age innovation that it yearns to be.
Finance Minister Pranab Mukherjee on Saturday arrived in Dhaka on a two-day tour to join the 150th birth anniversary celebrations of poet Rabindranath Tagore.
Mithali Raj produced a brilliant batting performance before Poonam Yadav bagged a three-wicket haul to help the Indian women's cricket team register a crushing 64-run win over Bangladesh in the opening match of Women's Twenty20 Asia Cup at the Asian Institute of Technology Ground here on Saturday. After being asked to bat first, openers Mithali (49*) and Smriti Mandhana (41) not only provided India with a solid start by sharing a crucial 70-run partnership, but also helped the team post a target of 119 runs in their stipulated 20 overs.
The culture of freebies burdens coming generations with the huge bill for the flagrant abuse of power by preceding governments, points out Virendra Kapoor.
'The entire value of LIC is created by its shareholders because after the initial invest net of Rs 5 crores in 1956, the government has not given any additional capital to the LIC.' 'If the corporation has expanded and emerged as the biggest financial institution in the country, it is only because of the policyholders.'
The ED case follows the police complaint for alleged criminal conspiracy and defrauding investors.
US e-commerce giant Amazon has written to the independent directors of Future Retail Limited (FRL), including Gagan Singh, Ravindra Dhariwal and Jacob Mathew, and its audit committee, providing data and alleging that there have been significant financial irregularities to the prejudice of public shareholders, banks, creditors, and third-party suppliers. Amazon has said this warrants a thorough and independent examination of all relevant facts and related-party transactions, including of past financial years, by an independent agency. Separately, Amazon has written to Securities and Exchange Board of India Chairman Ajay Tyagi, seeking the withdrawal of the regulator's conditional approval granted to FRL related to the merger deal between the Future group and Reliance.
India and Bangladesh on Monday agreed to conclude an extradition treaty at the earliest and vowed not to allow each other's territories to be used by domestic or foreign militants and insurgents' outfits.
It is time the government woke up to the risks that uncontrolled foreign monies flowing to Indian NGOs pose to India's economic progress, social cohesion and national integrity.
The Bhartiya Janata Party will pressure the United Progressive Alliance government in the upcoming Parliament session to act on a 23-point charter formulated by its 'task force' for following constitutional, legal, political and geo-political measures to unearth and bring back the Indian monies illegally stashed abroad.
Former World Player of Year Luis Figo has been ordered to pay around 2.4 million euros in income tax to the Spanish government from his time as a Barcelona player, the country's supreme court ruled on Wednesday.
India is believed to have challenged in a court in The Hague an arbitration tribunal verdict that overturned its demand for Rs 10,247 crore in back taxes from Cairn Energy Plc -- the second time in three months that it has refused to accept an international award against retrospective tax.
Sebi on Monday imposed a penalty totalling Rs 15 crore on senior officials of Franklin Templeton AMC and its trustee for violating regulatory norms in the case of winding up of six debt schemes in 2020. However, a spokesperson of Franklin Templeton said they disagree with the findings in Sebi's order and intend to file an appeal with the Securities Appellate Tribunal (SAT). A fine of Rs 3 crore has been levied on Franklin Templeton Trustee Services Pvt Ltd and Rs 2 crore each on Franklin Asset Management (India) Pvt Ltd President Sanjay Sapre and its chief investment officer Santosh Kamat, according to the Sebi order. In addition, the regulator imposed a penalty of Rs 1.5 crore each on fund managers -- Kunal Agarwal, Pallab Roy, Sachin Padwal Desai and Umesh Sharma -- as well as former fund manager Sumit Gupta.
Marcia Mikhael, 42, was one of the 17 people held hostage by Iranian-born gunman Man Haron Monis on Monday in the terrorist siege at Sydney's Lindt caf that ended early Tuesday morning. Marcia was asked to stand in the front of a black Islamic flag and forced to record a chilling message by her captor with his list of demands.
A 1500-year-old marble idol, estimated to worth over Rs one crore, was on Monday stolen from a Jain temple in Gujarat's Mehsana district, police said.
Autolite India Ltd forfeited 21,055 equity shares due to non-payment of allotment/call monies.
Former telecom minister Arun Shourie responds to the Shivraj Patil committee's findings on the 2G spectrum scam, in this interview with Karan Thapar on CNN-IBN programme 'Devil's Advocate'. Excerpts:
Balwas e-Com India Ltd forfeited 4,72,400 shares due to non-payment of allotment/call monies.
The Securities and Exchange Board of India began its formal investigation into the complaint earlier this year.
