The banks used for the fraud include ING Vysya Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, IndusInd Bank, Dhanlaxmi Bank, YES Bank and DCB Bank.
Vikram Kothari, managing director of Rotomac Pens, is now fighting a battle that might be difficult to win.
Ponzi schemes have characteristics that the informed investor can spot easily.
Rising competition and costs are likely to keep profitability of brokerage firms under pressure, leading to consolidation.
The intial round of efforts did not achieve the objectives fully.
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FBT was an unpopular tax and withdrawn before the General Elections in 2009
Increased income tax collection is going to be a major consequence of going cashless and this should promise a future of lower taxes and higher purchase power soon, says Anil Rego
Now the processing of return filed will be through your Aadhaar Number, where, you can link it with your PAN and get rid of sending ITR V to CPC, Bangalore.
FASTag is a prepaid tag, affixed on vehicle's windscreen, that enables automatic deduction of toll charges and lets the vehicle pass through the toll plaza without stopping for the cash transaction.
The proposed ban on cash transactions above Rs 3 lakh may hit luxury goods, jewellery sales and real estate.
There are a lot of things that a couple must clarify right at the onset of their marriage such as life goals and financial aims.
The recently approved government scheme provides both liquidity and returns.
Karnataka, by reposing its faith in BSY, remains a Hindutva stronghold, reports R Rajagopalan.
The amendment says that UIDAI can now give directions as it may consider necessary to any entity in the Aadhaar ecosystem
'It was like a doctor giving some simple pain killers to a patient in dire requirement of chemotherapy.' 'There was no sense of urgency or desperation in this particular Budget.'
'The next fiscal year will be a good one.'
'Individual beneficiary desirous of availing the benefits under the scheme (PMUY) is hereby required to furnish proof of possession of Aadhaar number or undergo Aadhaar authentication,' said a gazette notification issued by the ministry of petroleum and natural gas.
Govt to introduce comprehensive law on black money
Those evading taxes could soon find tax officials at their doorstep, with a rather insightful account of their big purchases.
'Every Indian citizen is already exposed to massive digital surveillance and most are already vulnerable to data theft and cyber-impersonation as well,' points out Devangshu Datta.
Top ranked Indian cricket team will be aiming to, at least, draw the five-Test series against England, starting in Rajkot on Wednesday, to ensure that it seals the number one Test spot at the end of the year.
Many people struggle to claim or liquidate investments and insurance policies due to procedural issues.
Grand plan: 10% GDP growth; 175 million jobs; $10-trillion economy
The company has launched a new card, the India One Pre-paid, under which users can make STD calls at a flat rate of Re 1 per minute. SMSes to any destination in the country would also be charged at a flat rate of Re 1 per message, BPL Mobile director and CEO S Subramaniam told Business Standard in an interview.
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Instead of tinkering with roaming, the circle system should be ended.
News of all that transpired on and off the football field.
'Ishaan Khattar, with the please-fall-in-love-with-me looks in his eyes, carries the first episode,' observes Aseem Chhabra.
Morgan Stanley removed banking stocks from its model portfolio when it slashed its weighting on the sector by 500 basis points. Several foreign brokerages, such as UBS, JP Morgan, and Credit Suisse, of late, have also become less optimistic about banking stocks.
Kidney scouts roam around the labour markets in the poorest districts of Bihar, West Bengal, Uttar Pradesh, Tamil Nadu and Delhi in search of potential donors.
Wawrinka splits with long-time coach Norman
Tax wing scanning cash deposits between Rs 5-10 lakh
'Information highways are getting stronger and being strengthened.' 'Occasionally, accidents could occur. But do you stop constructing highways because two motor cars collide?'
Over 5 million alumni from the Indian Institutes of Technology, Mumbai University and Institute of Chemical Technology, Mumbai, plan to raise Rs 21,000 crore to start the world's largest infection testing lab in Mumbai.
India has much paranoia in India about a new 'Terroristan' coming up between Pakistan and a Taliban-ruled Afghanistan. Pakistan has zero ability economically, diplomatically, geostrategically or militarily to create one. If they try, it will be great for India as they will destroy themselves yet again, asserts Shekhar Gupta.
If borrowers don't have access to a bank's credit facility, it could make sense to use peer-to-peer systems.
Syed Firdaus Ashraf goes to the bank to withdraw cash, a day after high denomination notes were withdrawn, and encounters a veritable battlefield.
