As the government submitted a list of 627 foreign account holders to the Supreme Court on Wednesday, the spotlight is on family of former Maharashtra chief minister, former minister in the UPA government, a Mumbai-based corporate among others. Vrishti Beniwal reports
Liquidity continues to be a worry for both, customers and dealers, with the latter facing working capital issues.
Uttam Galva Steels is a part of the Reserve Bank of India's second list of cases, which will be referred to the bankruptcy tribunal for insolvency proceedings after lenders failed to resolve the account by December 2017.
In an affidavit filed in response to a PIL, which has been listed for hearing before a bench headed by Chief Justice S A Bobde, the state government said it is important that the investigation is carried out by an independent central agency.
The apex court also put forth questions why loans were given to Mallya when he was a defaulter.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Besides, auditors are required to mention in their reports whether the companies have made adequate disclosures about dealings in junked notes during demonetisation
A senior RBI official said the regulator was focusing on performance of banks' statewise and in each district.
At present 100% FDI is allowed, of which up to 49% investment in a company can be done through the automatic route
Vinod Rai, former Comptroller and Auditor General of India, former India women's captain Diana Edulji and banker Vikram Limaye were present at the meeting held at the IDFC Bank's premises in suburban Bandra-Kurla Complex.
The 21st meeting of FSDC comes against the backdrop of the economy hitting a six-year low growth rate of 5 per cent in the first quarter of 2019-20. Even some of the macroeconomic data for the second quarter does not portray an encouraging picture of the economy.
His colleague and Law & IT Minister Ravi Shankar Prasad said the court has held that the purpose of issuing Aadhaar to all Indian citizens is legitimate and no surveillance is possible.
In a major setback to the Sahara Group, the Supreme Court on Friday directed two of its companies to refund around Rs 17,400 crore to their investors within three months with 15 per cent interest.
The amendment says that UIDAI can now give directions as it may consider necessary to any entity in the Aadhaar ecosystem
Plans to build resorts, a five-star hotel, international bus terminal and an airport.
The National Testing Agency announced that the JEE (Main) will be held from September 1 to 6 and NEET (UG) on September 13 after the Supreme Court dismissed a petition seeking the postponement of the NEET and JEE.
With states in north India imposing stricter measures to curb intra-state movement after April 20, makers of summer products such as air conditioners, refrigerators, colas, and ice creams are estimating a 25-60 per cent drop in yearly sales.
Apex traders' body Federation of Indian Exporters Organisation (FIEO) on Friday demanded extension of the interest subsidy scheme to all sectors with a view to make them globally competitive.
Select metal stocks rebounded while power stocks extended losses after SC verdict on coal block allocations.
The Supreme Court on Friday dubbed as a "serious issue" the long queues outside banks and post offices and expressed its reservation on the Centre's plea seeking a direction that no other court in the country should entertain petitions challenging the November 8 notification demonetising Rs 1,000 and Rs 500 currency notes.
The apex court also asked Sahara Group to provide it within two weeks the list of 'unencumbered properties' which can be put on public auction.
The apex business chambers said the RBI had a great opportunity to take steps for a lower interest regime, in the face of its own assessment of inflation going down by three per cent by March.
In a major ruling, the Supreme Court has held that the RBI cannot grant banking licence to cooperative societies registered under Multi-State Act without the NABARD declaring it as a state, central or primary cooperative bank.
The cap of Rs 10,000 on daily withdrawal has also been removed.
Liquor baron Vijay Mallya, facing probe in a loan default case of IDBI bank, apparently managed to leave the country in spite of a look-out notice against him by CBI.
Officials said Sebi first proposed to the FinMin to amend the relevant provisions in the Sebi Act to discontinue RBI's representation on its board, as it already has adequate presence of government nominees and in its over 25 years of existence the regulator has evolved as an "effective and one of the best in the world".
Rajiv Kumar will continue as vice-chairman of the body, along with other full-time members V K Saraswat, Ramesh Chand and V K Paul.
The CBI filed the appeal against the May 31, 2005 decision of the high court by which all accused, including Europe-based industrialists Hinduja brothers, were discharged from the Rs 64-crore pay-off case.
He said the plea pertained to his liberty, which was 'illegally curtailed'.
"Was the government sleeping all these years on the issue of blackmoney," the Supreme Court on Thursday said while criticising Centre's probe restricting to an individual and being evasive about the idea of an investigation by the Special Investigating Team.
Reeling under severe credit crunch, the Indian industry on Friday welcomed the decision of Reserve Bank of India to cut CRR rate by another 100 basis points but said the government and the central bank need to take more steps such as slashing interest rates to restore market confidence.
The court said that it has perused the entire petition and does not wish to agree with it.
Soon, farmers in India will be equipped to check out the futures prices of commodities in their villages.
