Dubai-based billionaire BR Shetty has sued Bank of Baroda (BoB) and audit firm Ernst & Young (EY) in a New York court, accusing them of ignoring fictitious and fraudulent transactions that resulted in NMC Healthcare going bankrupt. Shetty is seeking $8 billion in damages in the suit that also names the top management of NMC Healthcare, and Netherlands-based Credit Europe Bank. A top NMC Healthcare official confirmed the development to Business Standard and said despite several meetings, senior BoB officials in India did not take remedial steps for fear of getting involved in an international ponzi scheme perpetrated by then senior management officials.
Besides the Joint Entrance Exam that we all know of, here are some more that are equally competitive.
Responding to concerns expressed by members of the House on the issue, Chief Minister Pinarayi Vijayan said he would bring the matter to the Centre's notice and that the police have been asked to examine the incidents.
The Securities and Exchange Board of India's (Sebi's) technical advisory committee has been mandated to probe the trading halt at National Stock Exchange (NSE) and fix accountability. The committee after a detailed examination would send its findings and recommendations to whole-time member Madbhi Puri Buch, to decide the future course of action, said two people in the know. The panel, which is currently chaired by Ashok Jhunjhunwala of IIT Madras, is learnt to have sought an explanation over two key issues from NSE: One on the effectiveness of interoperability as it was unable to migrate the trading positions; the other on laxity in switching it to the disaster recovery site.
Yogvedanta Poddar, in his 20s, was being interrogated at the Netaji Subhas Chandra Bose International Airport police station to ascertain his motives.
The department had launched searches against the 48-year-old actor and the Lucknow-based group of industries involved in infrastructure on September 15 and the CBDT said the action was continuing.
The six students may have to undergo tests to determine whether they have symptoms of the coronavirus. Ahead of the evacuation, the Indian Embassy had informed the Indians that they will be tested before the flight and undergo 14 day quarantine after reaching India.
The chapters were dropped by the Assam Higher Secondary Education Council (AHSEC) for the 2020-21 session, as part of the 30 per cent reduction of the syllabus, keeping in mind the loss of academic schedule that the students had to face because of the pandemic.
The Central Board of Secondary Education (CBSE) will declare the results of Class 12 examinations at 12 noon.
Trains were set afire and blocked, and public vehicles attacked as protests over 'Agnipath' swept across several places in Bihar, Uttar Pradesh, Rajasthan, Haryana, Madhya Pradesh, Delhi and Jammu on Thursday amid partisan political voices in favour and against the new recruitment scheme for the defence forces that has set off a firestorm.
As a multi-agency probe into the NSE case gathers pace, the grant of preferential server and data access to select brokers and their suspected misuse are being investigated threadbare to unveil all quid pro quo arrangements in a highly-sophisticated scheme that worked like a cricket betting scandal, officials said on Monday. While the bourse has said it has taken several steps over the years to strengthen its technology infrastructure, including as per regulatory orders, the officials said certain fresh disclosures call for a detailed probe into whether a select group of individuals in high positions had banded together to make illicit gains by facilitating the preferential trading slots, beginning over a decade ago. Even a split-second faster access is said to result in huge gains for a trader.
The Delhi high court on Thursday put on hold the insolvency resolution process (IRP) proceedings against Reliance Communications (RCom) chairman Anil Ambani in relation to the recovery of Rs 1,200 crore loans given by SBI to his two firms. Ambani had given personal guarantees for the Rs 565 crore and Rs 635 crore SBI loans to RCom and Reliance Infratel Ltd (RITL), respectively, in August 2016.
"Thanks for flying @SpaceX." Current Location: Planet Earth. A 2:48pm ET, @AstroBehnken and @Astro_Doug splashed down, marking the first splashdown of an American crew spacecraft in 45 years. #LaunchAmerica," NASA said in a tweet earlier.
Labelling All India United Democratic Front chief Badruddin Ajmal as the 'enemy of Assam', state minister Himanta Biswa Sarma on Sunday asserted that he is an extremist in protecting Indian and the Assamese culture.
The Supreme Court on Wednesday said it would hear after two weeks the applications which have raised issues relating to the Board of Control for Cricket in India. The matter came up for hearing before a bench comprising Chief Justice S A Bobde and Justice L Nageswara Rao.
The Central Bureau of Investigation on Friday told the Supreme Court that 15 accused, including Chidambaram, his son Karti and some companies have been chargesheeted in the case.
The recent protests by employees of Urban Company and the case of a a Zomato delivery executive who died in a road accident point to the severely straitened condition of gig workers during the ongoing Covid-19 pandemic. Budget 2021 had promised several measures to help the cause of gig economy workers, but most of them are yet to see the light of day. Even after a year, the country's gig workers continue to be without any social security cover or a minimum wage guarantee. "In Budget 2021, finance minister Nirmala Sitharaman had announced that the government is looking toward including migrant and gig workers for social security benefits," says Srinivas Kotni, managing partner, Lexport, a consulting firm. Parliament had passed the Code on Wages in 2019 and Code on Industrial Relations, Social Security and Occupational Safety, Health and Working Conditions in 2020.
The key factor in deciding the 80 new trains was the fact that there were many stations from where the migrant workers are going back to their workplace.
The defence minister has to correct a major asymmetry. Will his discipline come in the way?
The 39-year-old Imphal-based journalist was detained under the NSA on November 26 for allegedly uploading videos criticising the BJP-led governments in Manipur and at the Centre for observing Rani Jhansi's birth anniversary.
Why self-audit by NSE, why weren't charges probed under your supervision, ministry asks regulator.
'Demand is wonderful. We have crossed 10 million on many days.' 'The Swedish trade commissioner recently said, "You guys are vaccinating the entire Sweden in one day".'
Scores of students on Friday staged a protest outside the CBSE office in Delhi against the paper leak.
Though the system is called faceless, it would have a room for inviting tax payers through video conferencing.
At least 18 suspects, including a retired serviceman and a paramilitary personnel, have been arrested during raids in Maharashtra and Goa since midnight on Saturday.
Abhijnan Chakraborty tells us how he topped the ISC Class 12 examination.
President Pranab Mukherjee on Monday sought more information on few points on NEET ordinance.
TCS will manage 'Question Creation Wizard' to frame question papers unique to each candidate with the same level of difficulty.
While the Delhi government announced that schools will not be allowed to hike fees during the lockdown period and only tuition fee will have to be paid, Maharashtra has said parents can lodge complaints with district education officers if schools demanded fees. The Gujarat government had on Monday announced that private schools will not hike fees for an year. The West Bengal government has appealed to schools to refrain from hiking fees.
Anil Ambani had given a personal guarantee to the loans given by SBI to Reliance Communications and Reliance Infratel in August 2016.
Tax sleuths have detected over Rs 52 crore of unexplained cash in jewellers' bank accounts
'I hope the Centre and the states will both act in the spirit of cooperative federalism and find acceptable solutions without testing the law and the limits of each other's power.' 'This should not be considered a wrestling match.'
M Gayatri of New Green Fields school, New Delhi has topped the class 12 CBSE exam in the country securing 99.2 per cent.
In a nation divided by many things, the 12-digit unique identity number is holding lives to ransom.
Cricket Australia will not reconsider reducing the ban on Steve Smith, David Warner and Cameron Bancroft in the ball-tampering case despite a series against a full-strength India awaiting them next month.
'As a child, I believed that my world record would be a national pride. But I feel cheated now.'
The NSE held 25 to 100 per cent stakes in these entities through its subsidiary NSE Investments as of September.
The brand new bankruptcy process is being brazenly gamed by those with connections and money. The touts and fixers of the previous regime have been replaced by a new set close to this one, observes Debashis Basu.
A controversy has erupted over the portrayal of the Jat king of Bharatpur in the movie.
Prime Minister Narendra Modi on Sunday said he regrets not being able to learn the world's oldest language Tamil during his long political innings as a chief minister and prime minister.
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