Budget has already bombed at the box office and passing it without a revisit will be a mockery of the exercise though any modification may be short lived and perfunctory, observes V Ranganathan.
ED is probing Mallya and KFA under anti-money laundering laws in connection with a Rs 900 crore (Rs 9 billion) loan default of IDBI bank
The divestment process, however, will not be an easy affair as there are multiple stakeholders, including the employee unions, whose concerns will have to be addressed.
The ED case comes about after the CBI first carried out a preliminary enquiry, followed by filing a regular case, on the orders of the Bombay High Court that asked it to look into the allegations of bribery made against Deshmukh by former Mumbai Police Commissioner Param Bir Singh.
Ponzi schemes have characteristics that the informed investor can spot easily.
When you sign your name as guarantor to use your good credit to help someone else obtain credit, you are taking a risk that a lender has refused.
The Enforcement Directorate (ED) had also published in leading dailies the court-issued proclamation against Mallya for appearance before the special PMLA court.
The development comes on a day the Supreme Court adjourned Anil Deshmukh's plea, which sought protection from any coercive action by the Enforcement Directorate in the criminal case registered under various sections of the Prevention of Money Laundering Act, and said it would hear his petition on August 3.
The central probe agency has also issued a notice asking general public 'to furnish information and particulars of properties, both movable and immovable as well as bank accounts, in the state of West Bengal and other places, if any, related to Saradha group known to them, with specific details' to it.
The consignment was imported by a trading company registered in Vijaywada in Andhra Pradesh.
Refusing to attach much importance to the series of defections plaguing the saffron camp in the last few months, Majumdar said those committed to the ideology and cause can never leave the party.
This doctor couple put their faith in India. And in return India has put faith in them.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Supreme Court on Thursday upheld the constitutional validity of the Securtisation Act empowering the financial institutions to attach and sell assets of companies who have defaulted in repaying loans taken by them.
Officials said Deshmukh, 71, was arrested under the provisions of the Prevention of Money Laundering Act.
A special court in Mumbai on Friday declared three family members of late gangster Iqbal Mirchi as 'fugitive economic offenders' under the provisions of a criminal law by the same name, official sources said.
The Supreme Court on Friday extended till June 16 its order staying the trial in a disproportionate assets case against Tamil Nadu Chief Minister J Jayalalithaa by a Bangalore court.
Reliance Jio to take over mobile business assets of troubled RCom at an estimated value of Rs 24,000-Rs 25,000 crore.
The Enforcement Directorate to take a "conclusive action" towards attachment of assets of those involved in coal scam.
A senior company executive said the company waited for seven years for the verdict and its shareholders needed to know when it would be concluded.
Jignesh Shah had to give up his MCX cash cow and his personal assets have been attached.
Official sources said while about 285 property were attached by the ED through an order in August, the agency is now probing the financial trail of many other properties which have been linked to Raju, his relatives and others.
The ED had summoned Patel, 70, twice for questioning in the case but the Congress Rajya Sabha MP from Gujarat later cited prevailing COVID-19 guidelines that advises senior citizens to stay indoors in order to remain safe from the pandemic.
The crisis at the bank is attributed to loans made to realty player Housing Development Infrastructure Ltd, which were allegedly hidden from regulators' scrutiny, turning non-performing assets.
The Supreme Court Tuesday set aside three Delhi high court orders including the refusal to grant a stay on the final arbitral award which had restrained Future Retail Ltd from going ahead with its Rs 24,731 crore merger deal with Reliance Retail and ordered fresh adjudication. In a major relief to Future group, a bench headed by Chief Justice N V Ramana also set aside the high court's order of February 2 last year, by which it had directed Future Retail Ltd (FRL) to maintain status quo in relation to the merger deal. The March 18 order of the high court, upholding the EA's award and imposing a cost of Rs 20 lakh on it as well as its directors, has also been set aside.
China, the Ukraine crisis and Quad will dominate the discussions, observes Dr Rajaram Panda.
Owing to the risk perception attached with the segment by banks, the residential realty segment has been increasingly relying on non-banking financial companies and housing finance companies to raise debt financing, reports Abhijit Lele.
The trick is to know how long you are supposed to hold which document, observes Bindisha Sarang.
Pai said he was also against 'naming and shaming' willful defaulters of bank loans.
The Indian State's arbitrariness may have come to be accepted with resignation within the country, but when it behaves in the same manner with external players, it gets a push-back, observes T N Ninan.
It has registered 2,000-plus money laundering cases and about 12,000 forex violation ones in the 14 years since it was established. Yet, its probes have resulted in no more than 13 convictions from nine cases of money laundering since 2005.
The Enforcement Directorate on Tuesday arrested Financial Technologies India Limited founder Jignesh Shah in connection with its probe into the Rs 5,600-crore National Spot Exchange Limited money laundering scam.
Besides Mallya, his companies Kingfisher Airlines and United Breweries Holdings Limited have also been named as accused
The ED on Monday also examined the state-owned bank's executive director K V Brahmaji Rao to understand how the alleged fraud was detected and other banking procedures.
The Debt Recovery Tribunal (DRT) on Tuesday directed Diageo Plc not to disburse $40 million of the $75 million sweetheart deal to him.
'If you talk about any kind of equality, you are under attack.'
The IT department has a designated official to execute these rare powers.
I-T officials are also looking into the finances of candidates who contested state elections in Uttar Pradesh, Punjab, Gujarat, and Karnataka, reports Shrimi Choudhary.
On February 13, Sebi passed two separate orders, together running into 160 pages, directing attachment of properties and freezing of accounts.
His son Karti was questioned by the agency in the same case on Thursday for about six hours.
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