Manju fights off initial family resistance, financial constraints to be country's top race walker
Kochhar brothers stepped down from the board of Credential Finance by 2009. While Deepak Kochhar started NuPower Renewables, Rajiv set up Avista Advisory Group
ICICI Bank has quashed rumours of favouritism, nepotism and quid pro quo. The bank clarified that while Chanda Kochhar was on the credit committee, she was not the chairperson. Videocon Chairman Venugopal Dhoot said there was no impropriety in the deal.
There are allegations of involvement of Kochhar and her family members in a loan provided to Videocon group on a quid pro quo basis.
Apart from being the most successful cases under the IBC, Bhushan Steel and Essar Steel are among the best steel assets in the country. They also ended up helping their lenders get back a significant chunk of the money while allowing Tata Steel to consolidate its position and giving the world's two largest steel makers - ArcelorMittal and Nippon Steel - a strong foothold in India. A significant contrast was the pace at which these two cases were resolved under the bankruptcy code. In the annals of the Insolvency and Bankruptcy Code (IBC), Essar Steel may go down in history as the most noticeable resolution with the world's largest steelmaker, ArcelorMittal, and the incumbent, Ruia family, locked in an intense battle spanning more than two years and ultimately resulting in full recovery of the principal amount for the financial creditors.
Sri Lanka will ban entry to most travellers from six southern African countries from Sunday, after a potentially more contagious new coronavirus variant called Omicron was identified in South Africa earlier this week, healthcare authorities said in Colombo on Saturday.
The bank board had decided to launch an enquiry to be headed by an "independent and credible person", to examine and enquire into an anonymous whistle blower complaint alleging that the bank MD & CEO had not adhered to code of conduct
A special court in Mumbai on Saturday remanded ICICI Bank's former CEO and MD Chanda Kochhar and her husband Deepak Kochhar in the custody of the Central Bureau of Investigation (CBI) till December 26 in connection with alleged cheating and irregularities in loans sanctioned by the bank to Videocon Group companies. The Kochhars were arrested by the probe agency on Friday night after a brief questioning session. The CBI has alleged that they were evasive in their response and did not cooperate in the investigation.
Food in India has fled the confines of the kitchen and become a national adventure... Food shows, now even on news channels, have transformed restaurateurs from humble khansamas to courted celebrities.
In his statement to the Enforcement Directorate, Dhoot conceded that Rs 64 crore had been transferred to Deepak Kochhar's NuPower Renewables through a web of entities to allegedly acquire wind farm properties.
The regulator in its notice alleged violations of the code of conduct because Chanda Kochhar reportedly had not disclosed the conflict of interest arising out of business dealings among ICICI Bank, Videocon and NuPower Renewables, led by her husband, Deepak Kochhar.
From burgers to biryani, Diana's love for food is just as versatile as the actor.
A special court in Mumbai on Tuesday remanded Deepak Kochhar, husband of former ICICI Bank CEO Chanda Kochhar, to ED custody till October 17. Deepak Kochhar was arrested by the Enforcement Directorate in September under the Prevention of Money Laundering Act (PMLA) in the ICICI Bank-Videocon money laundering case.
How Chanda Kochhar and her husband Deepak Kochhar find themselves in a huge controversy.
The RBI, according to the source, wants details on the procedure followed for credit appraisal by the bank while giving loans to Videocon.
IAF Flying Officer Jawahar Lal Bhargava was forced to stayed in the POW camp at Rawalpindi for the year that followed only to be released in December 1972.
The Centre had on Thursday asked all states and union territories to conduct rigorous screening and testing of all international travellers coming from or transiting through South Africa, Hong Kong and Botswana, where the B.1.1.529 variant has been detected.
Rajiv Kochhar, who was asked to appear at the CBI office in Mumbai, was examined about the loan and his links with Venugopal Dhoot, the promoter of the Videocon Group, and Videocon.
IBoard defends MD on nepotism charges, quashes allegations; it also reviewed its internal processes and exposure to the Videocon group
I watched from my balcony and found that during the next eight hours up to 5.30 pm, not one prospective voter was seen to go to the Congress table, notes Rashme Sehgal. The rush was all around the BJP table.
In Chanda's defence, one can always say, why would the Videocon Group take care of her husband as a quid pro quo to get a loan? After all, the group has taken money from the entire banking industry and ICICI Bank's share in the pie is not even 10 per cent. So, if it had a quid pro quo with Chanda to get the money, it must have had similar arrangements with other banks, too. If this is not the case, one must accept that it had got money from all banks, including ICICI, without any under-the-table conditions, points out Tamal Bandyopadhyay.
Some rare photographs of the Father of the Nation on his birth anniversary
Bollywood is doing their bit to keep the mood light during this time of social distancing and self-isolation.
'... not even a moral one, let alone a legal one.' 'Even if it is assumed that Deepak Kochhar tried to influence his wife into doing something dodgy for his 'social acquaintance', why would she do it?' 'By all accounts she has been granted share options in ICICI Bank of a very substantial amount which easily makes her a multi billion-pati.' 'She did not become CEO against some stiff competition by being stupid and concocting devious cock-and-bull renewable energy stories.' S Murlidharan, former managing director, BNP Paribas, unravels the Deepak Kochhar-Videocon controversy.
Ranjan was nominated to the board of ICICI Bank on April 7
The panel is believed to have examined each financial transaction between the Kochhar family and Videocon group, and the suspected trail of properties and assets that the family acquired since Chanda Kochar became ICICI Bank's MD.
If you have a Parsi friend, don't ever let her/him go... because you won't find someone so amazing.
The agency's poor track record in convictions is the only light at the end of a rather long tunnel for the couple, observes Shyamal Majumdar.
The CBI later clarified that Rajiv Kochhar was only called for questioning and has not been apprehended yet.
'EV-charging is the next big opportunity after fuelling'
Kochhar is required to assist the investigating officer of the case in taking the probe forward and her statement will be recorded under the Prevention of Money Laundering Act (PMLA).
The Congress won 77 seats or 42% of seats in the 2017 polls. How then can Gujarat be called a BJP bastion, asks Sanjeev Nayyar.
Andy Murray was left to rue eight set points that went begging in the first set as he slumped to a shock 7-6(10) 6-2 defeat by Czech veteran Radek Stepanek in the third round of the Aegon Championships on Thursday.
Kochhar retires by rotation, and being eligible, has offered herself for reappointment as director, said the broking arm in a notice for its Annual General Meeting to be held on August 30
Senior Gujarat Congress leaders and party workers were detained in Gandhinagar on Monday when they tried to march towards the state assembly, protesting against the Gujarat Irrigation and Drainage Bill 2013, which, they claimed, is 'anti-farmer'. State Congress president Arjun Modhwadia, Leader of Opposition Shankarsinh Vaghela, central ministers Dinsha Patel and Tushar Chaudhary were among others who were detained by the police and released later.
With the awards season in full swing in America, we look back at the best movies of 2013.
United States has asked India to deliver the commercial promise of the historic civil nuclear agreement between the two countries.
The Central Bureau of Investigation Tuesday said that dentist Rajesh Talwar had found his daughter and domestic servant in "objectionable position" and killed them using his golf stick and a sharp-edged weapon.
The National Investigation Agency on Saturday formally arrested key accused in 2007 Samjhauta Express blast case, Lokesh Sharma, in connection with the 2006 Malegaon bomb blasts case.
