A case has been registered against Karvy Stock Broking Ltd promoter C Parthasarathy and others for allegedly cheating ICICI Bank to the tune of Rs 563 crore.
The Central Consumer Protection Authority (CCPA) on Wednesday said it has imposed a penalty of Rs 1 lakh on e-commerce firm Flipkart for allowing sale of substandard domestic pressure cookers on its platform, in violation of mandatory standards. Headed by Chief Commissioner Nidhi Khare, the CCPA has directed Flipkart to recall all such 598 pressure cookers sold on its platform, reimburse their buyers, and submit a compliance report within 45 days. The central government routinely notifies the Quality Control Orders (QCOs), specifying compulsory conformity to a standard and use of the standard mark for a product to protect consumers from the risk of suffering injury and harm and in the interest of the public at large.
The Indo-Tibetan Border Police, deployed along the country's border with China, on Tuesday announced the formation of its water wing to man lakes, rivers and hot springs in the Himalayan region. The water wing will help the border force man the Pangong Lake, whose one-third portion is in north of Ladakh in Jammu and Kashmir, Indus River and some of the hot springs and rivers in northeast. This was announced by Director General of ITBP R K Bhatia.
The ISRO is looking at Mangalyaan-2, a follow-on mission to Mars, and launching two satellites that would look at Venus and explore asteroids.
Jaitely's statement comes amidst the escalating tension between Indian and Pakistan.
Banking technology start-up Zeta is the latest entrant to the unicorn club after raising $250 million in its Series C round from SoftBank Vision Fund 2. Sodexo participated as an additional minority investor in the round. Founded by serial entrepreneur and billionaire Bhavin Thurakia, the startup is now valued at $1.4 billion. It is the 14th company this year to cross the $1 billion valuation mark after Meesho, Cred, Pharmeasy, ShareChat, Moglix and others.
The research, published in the journal Proceedings of the National Academy of Sciences, found that a significant portion of this ocean plastic debris is expected to make its way onto either beaches or the seabed within three to four years.
The decision was taken during a meeting between Chinese Foreign Minister Wang Yi and his Pakistan counterpart Shah Mahmood Qureshi in the southwestern the Chinese city of Chengdu on Saturday.
The aftermath of Mani Ratnam's Ponniyin Selvan has led to an argument that there was no religion as Hinduism in Chola times.
Instead, there was only Saivism, Vaishnavism, etc, and that the Cholas were Saivites, and hence not Hindus, observes N Sathiya Moorthy.
The Insolvencies and Companies Court of London high court on Monday declared fugitive business baron Vijay Mallya a bankrupt person as per UK laws. Legal experts explain what this means for 65-year old Mallya's personal liberties, his legal battle against extradition to India to face trial, and for the consortium of Indian lenders - at whose behest the bankruptcy proceedings were initiated in the UK courts.
One man follows Guru Nanak's visits to multi-faith sites across nine countries.
In order to make it hassle-free, various start-up support groups such as TiE (The Indus Entrepreneur) and India Angel Network (IAN) are partnering with the digital NBFCs to extend debt finance to their member companies.
Other major laggards were IndusInd Bank, SBI, Bharti Airtel, ONGC, Tata Steel and Reliance Industries -- falling as much as 6.30 per cent.
Zojila Pass, at a height of 11,516 feet above sea level, connects the picturesque Kashmir Valley with the cold Indus valley desert through the 434-km long Srinagar-Leh road.
Zee Entertainment last week witnessed shareholder activism that saw an open call for the ouster of promoters and the incumbent management led by Punit Goenka. Besides, Dish TV also faced a similar call earlier this month. The trouble at Zee Entertainment can be gauged from the fact that this is a unique company wherein the promoters own just 3.99 per cent, but fully control the firm.
As many as 14,000 runners from across 15 countries will be lining up to take part in a nearly month-long initiative to raise funds for coaches and support staff in various sports amid the COVID-19 pandemic, the organisers said on Thursday. Championed by celebrated national badminton coach Pullela Gopichand, and Arjuna Awardees Ashwini Nachappa and Malathi Holla, 'Run to the Moon' will conclude on July 21 to coincide with the 51st anniversary of man's first landing on the moon.
'He's at best a holding-CEO. Not one who will re-imagine the bank,' a senior banker and former colleague tells Raghu Mohan about HDFC Bank CEO & MD Sashidhar Jagdishan.
The race to get a New Umbrella Entity (NUE) licence for digital payments may get crowded. As many as six consortiums are said to be in the fray to apply for an NUE licence, which would create a for-profit National Payments Corporation of India (NPCI)-like body for retail payments. A consortium led by Financial Software and Systems (FSS), a leading provider of payment products and payment processor, is in talks and may file an application to the RBI for an NUE license, said sources aware of the development. The other constituents of this group include Indian Bank, Central Bank of India, India Post Payments Bank, National Bank for Agriculture and Rural Development (Nabard), and a few small finance banks.
A crucial meet of the Reserve Bank's central board is underway amid a rift between the central bank and the government over future course of policies. Expectations of a positive outcome boosted market mood after the meeting began.
Pakistan has decided to approach the International Court of Arbitration to halt the construction of the Kishanganga hydropower project by India, on the ground that it violates the Indus Waters Treaty of 1960, and has formed a team of legal experts to fight the case.Professor Kaiyan Homi Kaikobad, an international legal expert of Pakistani origin, will lead the team at the International Court of Arbitration.
Apart from SBI, UPI 2.0 partner banks are HDFC Bank, Axis Bank, ICICI Bank, IDBI Bank, RBL Bank, YES Bank, Kotak Mahindra Bank, IndusInd Bank, Federal Bank and HSBC.
A Vodafone Group insider with more than 25 years in the telco across geographies, he's like the eyes and ears of the multinational in India.
Pooja Hegde, Hrithik Roshan promote their magnum opus Mohenjo Daro at a special event!
The Pakistan skipper said the Mohali Test result had gelled the team together.
The success of the PSLV-C34 mission is a result of ISRO's professionalism and the hard work put in by their scientists over the last many decades., says Ajay Lele.
Lafitte, a professor at the Swiss Federal Institute of Technology in Lausanne along with two Swiss, six Pakistani and four Indian officials flew in from New Delhi, officials said.
Non-profit Code for India, which inspires techies to volunteer their time and talent to the developing world, on Thursday announced that parallel India-US hackathon will be held at the Google campuses in Bangalore and in Mountain View, California.
Pakistan claims the project violates the 1960 Indus Water Treaty.
Idea Cellular will have to furnish an undertaking that it will entertain all the liabilities whenever a final decision is taken by the courts
Seshasayee has been an independent director on the company's board since January 2011.
It has been a decade since Shyam Srinivasan took over as managing director and chief executive officer at Federal Bank. He wants to ramp up the bank's unsecured lending going ahead even as it homes into the space vacated by competition. Reappointed for a fresh three-year term as the bank's helmsman, he spoke to Hamsini Karthik on the plot ahead.
Ashes aspirant Fawad Ahmed is to join Australia 'A' on their tour of England after legislation designed to fast-track immigration applications passed through Australia's parliament on Wednesday.
Basit was called in by Foreign Secretary S Jaishankar to convey India's strong views on the incident, the external affairs ministry said.
This Haryana village believes it has 'found' the Saraswati river of the Vedas.
For teams that work on projects to make art, culture and travel accessible to the differently-abled, the experience of seeing faces light up is reward in itself.
Mumbai's museum is no longer a mere showcase for objects of history, but an active agent in prolonging its life.
An eight-member Pakistani judicial commission team crossed into India from the Wagah border check post in Punjab on Saturday to conduct the much-delayed cross-examination of witnesses in the 2008 Mumbai attacks, which claimed 166 lives.
Dayakar Pushkoor, founder partner of Naya Ventures, an early stage venture capital firm, lists what young aspiring entrepreneurs should know and do before they start-up and how they can raise money from VCs.
'This is what we train for: That one chance to deliver a blow so lethal that the enemy will constantly think about it when planning any misadventure.'
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