The auditors -- the local arms of the Big Four global firms Deloitte Haskins & Sells and KPMG which has BSR & Associates as an affiliate here-had challenged the jurisdiction of the NCLT to ban them.
A bench of Justices Arun Mishra and U U Lalit also cancelled the leases of Amrapali's properties granted by the Noida and Greater Noida authorities and directed the Enforcement Directorate to investigate alleged money laundering by CMD Anil Sharma and other directors and senior officials of the group.
If cleared, the ONGC arm will become the first subsidiary company of an existing Maharatna to get into this superior league among government-owned entities.
The economic growth fell to a decade low of 5 per cent in 2012-13 fiscal.
Central Bureau of Investigation on Wednesday registered a record number of 46 cases in a day in connection with its probe in the Rs 10,000-crore Saradha chit fund scam naming Trinamool Congress' sitting Rajya Sabha MP Kunal Ghosh as one of the accused.
A SFIO probe into Saradha scam and 'chit fund' operations of 62 other entities has found serious financial mismanagement and siphoning off the funds by their promoters, who took advantage of regulatory gaps.
Sebi to look into disclosure, other lapses in the Vijay Mallya, Diageo case.
Some of the newer regulations are such that they are even better than many advanced countries such as in the Americas and the Europe.
India on Wednesday said an effective action by Pakistani government against the LeT and other terror outfits will have to go far beyond "merely" proscribing their publicity through electronic media.
'We get to know secrets such as some of India's top-rated firms do not always make payments when due and many State-owned, listed, enterprises that borrow in bond markets default regularly.' 'Without naming the bank, he says that ever-greening of poor loans by a part of India's shadow banking lay at the doorstep of India's banking, notably 'one private bank'.' Viral Acharya's Quest for Restoring Financial Stability in India won't be music to many ears, observes Tamal Bandyopadhyay.
.jpg)
The Union Cabinet on Wednesday had approved the proposal to amend the Sebi Act and other relevant regulations that would give greater powers to the regulator in its efforts to tackle all kinds of money-collection schemes, as also to effectively crackdown on defaulters in the stock markets.
The government wants the RBI to part with most of its profit as dividend.
If the FATF lets Pakistan off the hook, which is to be expected, it would signify a big boost to Pakistan's standing in the fight against terrorism. Delhi, on the other hand, loses the propaganda advantage, states Ambassador M K Bhadrakumar.
The govt is expected to achieve the revenue target of Rs 40,000 crore from spectrum sale this fiscal, Telecom Secretary M F Farooqui said.
A Parliamentary Committee will discuss the controversial issue of net neutrality on Thursday at a meeting where officials of telecom companies like Airtel, Vodafone and Idea are expected to present their views.
They induced HNIs to trade on spot market commodity exchange with promise of high returns.
Likely to select from 3 shortlisted; follows Sanjeev Kaushik's refusal to take the job if made to retire from IAS
Murthy, 68, will cease to be the non-executive Chairman with effect from Oct 10.
Pakistan called in the Army to restore order after violent clashes.
There are four first information reports against Saradha Group in which it is alleged that thousands of investors were allegedly duped by the company officials and their associates who swindled their deposits.
The Cabinet Committee on Parliamentary Affairs took the decision to extend the session till September 6 at a meeting held in Parliament House.
Penalties for undisclosed foreign income and assets extend up to 300%.
Trust explores options on reinduction of ousted founder on board as firm closes ranks.
The move would help insurance firms to get much needed capital from overseas partners.
DEA officials to push for this at a meeting with FM Jaitley.
The Budget session of the 16th Lok Sabha will begin in the second week of July, revealed Parliamentary Affairs Minister Venkaiah Naidu on Thursday.
While the FIPB has sought more transparency on whether the rules concerning effective control would be followed once the deal fructifies, the Finance Ministry has also written to Sebi for a report on the Jet-Etihad deal, official sources said Wednesday.
Pakistan's decision to ban media coverage of Lashkar-e-Tayiba, the Jamaatud Dawa and its front Falah-e-Insaniat Foundation and other outlawed groups was part of a commitment given to United States President Barack Obama by Prime Minister Nawaz Sharif during his recent visit, a media report said on Wednesday.
Uttam Prakash Agarwal alleged that Citax and Braich offers were incomplete and did not include firm commitment as to the price, size, timings, confirmation from the banks about availability of the funds.
The capital markets watchdog had set up an expert panel in March to suggest new measures to regulate insider trading.
The UIDAI, set up in 2009, will manage the generation and authentication of Aadhaar numbers.
A flavour-of-the-season approach does not work in investing, suggests Deepesh Raghaw.
The board of directors at its meeting held on October 22, approved the said appointments, the exchange said in a regulatory filing on Wednesday.
Paving way for closure of long-pending Jet-Etihad deal, fair trade regulator CCI on Tuesday approved the proposed acquisition of 24 per cent stake in the Naresh Goyal-led Indian carrier by Abu Dhabi-based airline.
Income tax department sends out notices to cryptocurrency investors on suspicion of tax evasion.
.jpg)
In most developed markets, there are reporting agencies for spot markets and generally deals took place on the over-the-counter market.
The two companies are hopeful of winning over at least one regulator's go-ahead this week itself for their deal, which happens to be the first FDI by a foreign airline into India.
These changes will entail a relook at the various laws governing banks in the country - the two Bank Nationalisation Acts (passed in 1970 and 1980); the State Bank of India (SBI) Act of 1955; and the Companies Act of 2013.
