The Enforcement Directorate (ED) on Thursday said it has arrested Karvy Stock Broking Limited (KSBL) CMD C Parthasarathy and group CFO G Krishna Hari in connection with a money laundering investigation linked to alleged diversion of clients' securities of over Rs 2,873 crore. The agency produced the two-- already lodged in central jail, Bengaluru after being arrested by the police-- before a special Prevention of Money Laundering Act (PMLA) court in Hyderabad on January 20 and on January 25 it remanded them to four days of ED custody from January 27-30, it said in a statement. The ED case, filed under the criminal provisions of the PMLA, is based on multiple Telangana Police FIRs filed by the HDFC Bank, few other banks and investors alleging clients' securities were illegally diverted by Karvy Stock Broking Ltd and these were later pledged with banks and non banking financial companies (NBFCs) for loans which were later "defaulted".
A jaw-dropping hotel perched on the side of a cliff will give daredevil guests the chance to quite literally live on the edge.
The trust some people in India had that the Biden-Harris administration would be friendly to India has been eroded already, observes Ambassador T P Sreenivasan.
Images from EPL matches played on Wednesday
Rodriguez whipped Everton in front from the edge of the box, and Michael Keane and Calvert-Lewin ensured it was two wins from two in the Premier League so far this season.
In a sign of the growing political prominence of Hindus in America, the Trump and Biden campaigns are wooing this religious minority community like never before. Hinduism is the fourth largest faith in the US, representing approximately one per cent of the US population in 2016.
In his opening remarks at a ministerial meeting in Tokyo of the Quadrilateral coalition, also known as 'Quad', External Affairs Minister S Jaishankar said India remained committed to a rules-based world order, respect for territorial integrity and sovereignty, and peaceful resolution of disputes.
Bayern Munich came from a goal down to ease past hosts Bayer Leverkusen 4-2 on Saturday and remain firmly on course to retain the Bundesliga title with four games remaining. The Bavarians are within touching distance of their eighth consecutive league crown, but Leverkusen's 17-year-old Florian Wirtz stole some of the spotlight at the end, becoming the youngest Bundesliga scorer when he netted in the 89th minute.
'We have got Brexit done and we can now take full advantage of the fantastic opportunities available to us as an independent trading nation, striking trade deals with other partners around the world,' Downing Street said in a statement.
News of all that tranpired on and off the football field.
As President Biden moves ahead with a new 'strategic concept' for China and Russia, the going is bound to get rough for the US and its G7 partners, notes Ambassador T P Sreenivasan.
Take a dip in water with Bollywood!
The most likely scenario is that in order to stop Ukraine from retaking any Russian occupied territory, Russia may well use a small (1 to 2 kilo tonne) tactical nuclear weapon in Ukraine, warns military historian Colonel Anil A Athale (retd).
IMAGES from the English Premier League matches played on Wednesday
India is struggling with the second wave of coronavirus infection and hospitals in several states are reeling under a shortage of medical oxygen and beds in view of a rising number of COVID-19 cases.
News of all that transpired on and off the football field.
Amiya Bose, freedom icon Subhas Bose's nephew, was tasked by his uncle to carry a secret letter seeking Soviet help in India's liberation, which was to be delivered to agents in Britain in October 1939, barely a month into the Second World War.
A look at how India's athletes fared on Day 2 at the 2022 Commonwealth Games:
With this win Italy have extended their unbeaten run to 29 games, the last 10 coming off wins where they have scored 31 goals and conceded none.
Manchester City must rebuild for title challenge: Guardiola
Former Real youth player Joselu pulled a goal back for Alaves in the 59th minute, powering in a header from a free kick, but Benzema rounded off the victory for second-placed Real with an exquisite solo run and goal in the 70th minute.
In this pandemic, why can't we have multiple locations for various disciplines, all of it then merged into a virtual convergence called the Olympics instead of one massive event in one city, asks Shyam G Menon.
'They say 'a picture paints a thousand words', so seeing Rishi Sunak PM at the door of Number 10 can never be taken from us.'' 'It is a symbol that will go down in the history books.' 'It is the very embodiment of me saying to my boys, "You can be who you want to be",' notes James Salins in this must-read feature.
Digital payments provider Paytm is all set to make its market debut as early as this year, with an aim to raise $3 billion (around Rs 22,000 crore). If successful, this could be the biggest initial public offering (IPO) by an Indian company, breaking Coal India's 2010 record of Rs 15,475 crore. According to media reports, the board of One97, parent company of Paytm, is all set to meet this Friday to formally approve the IPO plan.
'Dhoni might himself say why they are retaining him because he may not be there for three years and why they want to block so much money on him.'
Kim did not rule out diplomacy with the Biden administration despite that Pyongyang called Biden a 'rabid dog' after Biden labelled Kim a 'thug'.
The two Koreas have agreed to pursue a bid to co-host the 2032 Olympic Games, they said in a joint statement on Wednesday following a summit between North Korean leader Kim Jong Un and South Korean President Moon Jae-in.
The Board of Control for Cricket in India on Friday extended the deadline to apply for the post of head coach till July 9, ensuring that a broader pool is available to choose from after Anil Kumble's acrimonious exit.
Uncapped left-arm spinner Zafar Gohar has joined the test squad from the Pakistan A team currently in Hamilton.
Pope Francis transformed the lives of a dozen Syrian refugees on Saturday when he plucked three families from a crowded camp on the Greek island of Lesbos and took them back to Rome.
The 41st US president held his post from 1989 and 1993.
West Bengal Chief Minister Mamata Banerjee on Wednesday took stock of the COVID-19 situation in the state, shortly after her swearing-in ceremony, and announced fresh curbs to combat the spread of COVID-19, including suspension of local train services.
Napoli brush aside lowly Crotone to go third in Serie A.
If your resume does not shine your strengths, passion and dedication, you will never cut through the competition to make it to the top, notes Sarita Digumarti, chief learning officer, UNext Learning.
Interestingly, in his entire remarks, Modi never once mentioned regional security, Ambassador M K Bhadrakumar points out.
Manchester United kept up their impressive chase for a top-four spot with a comfortable 3-0 win at relegation-threatened Aston Villa in the English Premier League on Thursday. Relegation-threatened Bournemouth had a late goal disallowed by VAR as they had to settle for a 0-0 draw at home to Tottenham Hotspur.
Unai Emery's Villarreal were much improved in the second half and had spurned numerous chances before Moreno's leveller.
Summary of sports events and persons who made news on Tuesday
The prime minister held a meeting with chief ministers via video-conferencing, and said it was imperative to work on war footing, identify hotspots, encircle them and ensure that coronavirus does not spread out.
News of all that transpired on and off the football field.
