Out of three chief ministerial aspirants in Delhi, the Aam Aadmi Party's Arvind Kejriwal ranks lowest with assets worth Rs 2.09 crore while Congress leader Ajay Maken tops the chart with Rs 12.34 crore followed by Rs 11.65 crore of the Bharatiya Janata Party's Kiran Bedi.
The banks also wanted disclosure of assets of Mallya's other close relatives and former relatives, including his ex-wife, which was objected by his counsel.
Lenders have postponed the second auction to sell bankrupt Reliance Capital's assets by a week to April 11, even as the Torrent group, the highest bidder in the first round, pursues litigation in the Supreme Court. Lenders are expecting the Hinduja group and Torrent to participate in the second auction and maximise the value of the assets. American financial services major, Oakteee may also join the race, said a source.
Silver has added a sparkle to assets declared by many women leaders in fray for Lok Sabha elections, including biggies like Sonia Gandhi and Sushma Swaraj, as a spike in the price of white metal has pushed up their wealth.
'This is what happens to a party when it gets trapped in the vicious circle of nepotism and dynastic politics'
Dubious and personal expenses of Rs 1,000 crore were made from bank-loan funds for Jet Airways founder Naresh Goyal and his family members even as the airline "diverted" money to some tax havens, the Enforcement Directorate (ED) alleged on Saturday, after arresting the businessman in a money-laundering case. Goyal (74) was taken into custody late on Friday night after the central probe agency took him to its Mumbai office from Delhi. A special court set up to deal with cases lodged under the Prevention of Money Laundering Act (PMLA) on Saturday sent him to the ED's custody for 10 days, till September 11.
Caught in a political storm over the black money issue, the government is writing to some countries to freeze the assets of Indians that have not been declared in India and repatriate the money.
The Supreme Court on Monday ordered issuances of notices on six ministers and 8 Indian Administrative Service officials from Andhra Pradesh on a petition seeking a probe in YSR Congress chief Jagan Mohan Reddy assets case.
Reliance Industries (RIL) was the top-performing index stock on Friday (May 26) and closed the day with gains of 2.8 per cent, against a 1 per cent rise in the benchmark S&P BSE Sensex during the day. RIL's performance on the bourses on Friday was, however, an exception, and the stock has struggled to beat the broader market for nearly two years now. The company's share price is currently at the same level as in September 2021, while the benchmark index is up 6 per cent in the period.
Yoga guru Ramdev, who is on an indefinite hunger strike against black money and corruption, on Thursday made public details of his business empire worth over Rs 1,100 crore, claiming everything was in order.
Mallya is a fugitive from justice in India, Attorney General Mukul Rohatgi told the Supreme Court.
"The CJI is a public authority under the Right to Information Act and the CJI holds the information pertaining to assets declaration in his capacity as Chief Justice. That office is a public authority under the Act and is covered by its provisions," Justice S Ravindra Bhatt said.
It was a mixed outing for super rich candidates as five of them emerged victorious and an equal number suffered defeat in the Lok Sabha polls.
Karnataka Chief Minister B S Yeddyurappa, who has been under attack from the opposition over involvement in alleged land scams worth Rs 1,000 crore and nepotism, declared his assets and liabilities in Bengaluru on Sunday. According to the declaration, he has cash to the tune of Rs 40,71,782, three houses and no cars.
A UK court on Monday ruled that Sanjay Bhandari, an accused middleman and consultant in arms deals, can be extradited to India to face charges of tax evasion and money laundering.
A Pakistani court in Islamabad on Monday rejected former prime minister Imran Khan's plea seeking the suspension of the non-bailable warrant issued against him in the Toshakhana case.
A total of 64,275 declarations were made under the scheme, an average of Rs 1 crore per disclosure. This is expected to translate into tax collection of about Rs 30,000 crore from the scheme, of which the government exchequer should get around Rs 15,000 crore by the end of 2016-17.
In yet another major setback to YSR Congress President Jaganmohan Reddy, the Andhra Pradesh high court on Saturday remanded him to a Central Bureau of Investigation's custody for five days while dismissing his petition for declaring his arrest as illegal.
Ramalinga Raju, former chairman of Satyam Computers, who last year confessed to have inflated his company's assets by over $1 billion, was declared a pauper by a New York court exempting him from paying court costs.
Go First chief executive officer Kaushik Khona and tribunal-appointed interim resolution professional Abhilash Lal on Thursday reached out to the airline's staff, seeking their support for revival. While Khona said the company had taken all steps for the airline's revival, Lal put forward the view it would have to raise funds. Employee engagement took place a day after the National Company Law Tribunal (NCLT) admitted the airline's insolvency plea on Wednesday and ordered a moratorium on recoveries.
The former tennis great had won his first Wimbledon final in 1985 aged 17 becoming the youngest and first unseeded player to claim the men's singles title. He went on to two win more Wimbledon titles.
'It will be important strategically and geographically because there is no port in India which is as close to the international shipping route as Vizhinjam.'
The Election Commission on Thursday rejected senior Bharatiya Janata Party leader Lal Kishenchand Advani's demand that presidential candidates be asked to declare their assets, saying it was not empowered to deal with the issue.
'There has not been a clear direction on what he's going to do yet, but we are still hopeful. I've always said his bowling would be a bonus, but just look at what he brings with the bat, even in the field.'
The banking sector emerged as an outlier when the rest of India Inc witnessed a slowdown in earnings in FY23. The combined net profit of listed public and private sector banks was up 39.4 per cent year-on-year (YoY) last financial year and their share in India's gross value added (GVA) or gross domestic product (GDP) at factor cost rose to a record high of nearly 1 per cent up, from 0.8 per cent a year ago. Listed banks' combined net profit grew to Rs 2.36 trillion in FY23, from Rs 1.69 trillion a year ago. In comparison, India GVA at current prices was up 15.2 per cent YoY at Rs 247 trillion in FY23; it was around Rs 214 trillion a year ago.
'If you want it to grow well and serve the true needs of the economy, it needs a lot of freedom and flexibility, which comes in terms of the reform objective set by the regulator.'
Ruling Peoples Democratic Party spokesman Waheedur Rehman Parra criticised Abdullah for seeking LPG subsidy despite his "huge assets".
The Board for Industrial and Financial Reconstruction has constituted an assets sale committee for selling off Cement Corporation of India as a whole or in parts after declaring it sick, Rajya Sabha was informed on Monday.
A Pakistani judge on Saturday cancelled former premier Imran Khan's arrest warrants in the Toshakhana corruption case and allowed him to go home without indicting him, amidst clashes between his supporters and police outside the court complex in Islamabad.
'It is commendable that India is able to persuade all sides.' 'It shows that India counts and finally, we are reaching a position where we can find a place in the sun at the global level.'
About 24 or 31 per cent ministers have declared serious criminal cases including cases related to murder, attempt to murder, robbery etc.
The data, posted simultaneously on the Kremlin and government websites, showed while Medvedev has earned 3,335,281.39 roubles in 2009 (about $115,000) last year, Putin has earned 3,889,807 roubles ($131,236).
It asked all nations to work together to expedite the adoption of the Comprehensive Convention on International Terrorism in the UN General Assembly without any further delay.
Pakistan Prime Minister Nawaz Sharif is the country's richest parliamentarian with assets of over Rs 1.43 billion, according to data released by the Election Commission of Pakistan.
Disclosing details of his assets, he said the reports about the rise in his wealth had been done without checking facts.
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Disclosing details of his assets, he said the reports about the rise in his wealth had been done without checking facts.
High dividend yield stocks usually perform well in a rising interest rate environment when investors value cash flows more.
Thirty-five of the 77 Union ministers have failed to file annual details of their assets and liabilities before Prime Minister Manmohan Singh even over a month after the passage of the deadline.
The Securities and Exchange Board of India (Sebi) has proposed stricter disclosure norms for certain foreign portfolio investors (FPIs) to bring in more transparency and trust against the backdrop of the Adani-Hindenburg Research saga. Under the new norms, FPIs with an exposure of more than 50 per cent to a single group or with assets of over Rs 25,000 crore will be tagged as 'high risk' and will be required to provide additional information such as full identification of their ownership, economic interests, and control rights. A failure to provide these disclosures will lead to invalidation of the FPI registration.
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