Lenders send 'SOS' to the finance ministry on the tardy decision making and pile-up of cases at the Debt Recovery Tribunals and its appellate forum the Debt Recovery Appellate Tribunal.
A Delhi court on Wednesday remanded Kuber group chief Pradyumna Kumar Sharma to judicial custody for 14 days after the proclaimed offender, wanted in cases of cheating, was produced before it.
The bench also made it clear that only the court-appointed forensic auditors -- Ravi Bhatia and Pawan Kumar Aggarwal -- and persons authorised by them would enter these premises after they were sealed.
Why should India buy olives from Europe when it could do so from the world's largest producers?
The news of Bengaluru-based IMA cheating thousands once again underlines the need for investors to steer clear of unregulated deposit schemes. The most important sign of a Ponzi scheme is the promise of exorbitant returns and so investors must ask how the promoter expects to earn the kind of return he is promising, says Sanjay Kumar Singh.
Every housing finance company, and every bank with a large housing finance exposure, will see loss of volumes in this quarter.
A CBTR pertains to transfer of funds through various channels abroad.
The Economic Offences Wing (EOW) of the Mumbai city police is expected to file a First Information Report (FIR) against Jignesh Shah, promoter of Financial Technologies and vice-chairman of National Spot Exchange (NSEL), and former senior management officials in connection with the current payment crisis.
The proposed company, Yu Televentures, will import handsets from China and sell in the Indian market.
Payments made by any person of an amount aggregating to Rs 100,000 or more in cash towards credit card dues will have to be reported.
'The new ceiling will cover around 93 per cent of all deposit accounts, up from 90 per cent earlier,' notes Tamal Bandyopadhyay.
Always avoid companies that promise assured returns that are too good to be true.
The delivery of Freedom251 smartphones is expected to start in April after which the company will start the second round of bookings.
BK Modi-promoted group registers company 10 days before the deadline
The airline, part of Vijay Mallya-led UB Group, has been grounded since October 2012, after being bogged down by huge and mounting losses.
The Ministry of Corporate Affairs ordered the inspection of the books of accounts of NSEL and Financial Technologies India Ltd to ascertain if any rules under the Companies Act were violated, a senior official said.
Departments of electronics, excise, I-T launch probe into Rs 251 smartphones
The move is aimed at making transmission of securities in both dematerialised and physical modes more efficient and investor friendly.
Government planning to slash the number of days required to start a business in Mumbai, Delhi from the current 26.
A section of members from the National Cricket Club (NCC), one of the affiliated voting units of the Board of Control for Cricket in India (BCCI), questioned as to how late Jagmohan Dalmiya's son Avishek represented the club at the Special General Meeting of the BCCI on Saturday.
Currently the average expected time of arrival for Ola vehicles is five minutes.
'When Pinnacle Trust bought the stake of Supreme Energy, it included a liability of Rs 640 million. The purchase was at a fair market value (prevailing price) of Rs 8.80 per share,' Deepak Kochhar said in a telephonic conversation with Business Standard.
The company might look to reduce workforce in its mobile phone division.
The decision is keenly awaited as it would determine the course of Pakistan's polity and with it Sharif's. An adverse decision may result in Sharif's disqualification, or even snap elections.
The London Commercial court has granted Tata Sons a period of 23 days, starting July 27th 2016, to apply to set aside the exparte order
The recent default on deposit payments by a couple of Yash Birla Group companies has brought to surface difficulties an investor has to face in recovering his money.
Almost a year after announcing a $4 billion deal, Sun Pharmaceutical Industries on Tuesday said merger of Ranbaxy with itself has been 'consummated.'
The shares - close to 30% of the total holding - are expected to list on rival National Stock Exchange on or around February 3.
Ratan Tata has invested his own money into 3 high-growth online retail firms, which are yet to make a profit.
Those evading taxes could soon find tax officials at their doorstep, with a rather insightful account of their big purchases.
Limit your investment in cryptocurrencies and make sure you have current holdings in your own custody until regulatory cloud blows over, experts tell Sanjay Kumar Singh.
'The Chinese outdid them in the price game and turned the competitive dynamics at the lower end of the handset market from price to value.'
The investigative agency plans to file a second chargesheet, naming more perpetrators in the Saradha scam.
The three promoters - Anil Kumar Sharma, Ajay Kumar and Shiv Priya - had diverted Rs 1,500-1,600 crore through bogus methods like loans and advances between group firms at inflated rates.
The Central Board of Direct Taxes is set to rationalise I-T rules.
FY14 profit halves, dips to 4-yr low
The court's direction came after the counsel appearing for the Indian National Congress informed it that the party needed time to follow the March 11 order by which the documents were sought.
It quickly went from being a darling of investors to a liability
Sahara Group chief Subrata Roy will not be allowed to leave the country with the Supreme Court today refusing to relax its order restraining him from going abroad till his company furnishes details of refunding Rs 20,000 crore of investors money.
On August 13, Bombay High Court lifted the ban on nine variants of the fast food.
