Qatar's sovereign wealth fund is suing Byju Raveendran in Indian courts to recover $235 million from the embattled educational technology (edtech) entrepreneur, escalating a global legal battle that has ensnared one of India's most high-profile startup founders.
'For most investors, I recommend a low double-digit allocation (10 to 12 per cent) to gold and silver combined.'
If they act now, they can reshape the strategic map of Asia without firing a shot. If they wait, the next opportunity will come only after a serious Taiwan Strait incident -- by which time the price will be far higher, and the room for boldness far smaller -- the opportunity may well be lost by then. The question is no longer whether this can or should be done, points out Varun Arya.
The US Department of the Treasury on Wednesday imposed sanctions on Russia's two largest oil companies, Rosneft and Lukoil, in an effort to pressure the Kremlin to end its war in Ukraine.
A retired banker in Delhi lost his entire life savings, amounting to Rs 23 crore, to cyber fraudsters who posed as ED and CBI officers. The victim was kept under 'digital arrest' for over a month and forced to transfer funds under duress.
India's Permanent Representative to the UN, Ambassador Parvathaneni Harish, has sharply criticized Pakistan, calling it the "global epicenter of terrorism" and accusing it of providing state support to cross-border terrorism. Harish's remarks came in response to Pakistan's Deputy Prime Minister and Minister of Foreign Affairs Mohammed Ishaq Dar's comments on Jammu and Kashmir during a UN Security Council meeting. India highlighted that Pakistan harbors over 20 UN-listed terrorist entities and has a history of supporting groups like Jaish-e-Mohammed and Harkat Ul Mujahidin. India also emphasized that Jammu and Kashmir is an integral part of India and that Pakistan's misinformation campaign does not change the reality on the ground.
Egypt on Monday imposed a freeze on the assets of ousted president Hosni Mubarak and his family and imposed a travel ban on him and his clan; two weeks after a mass uprising threw out his regime. The move comes close on the heels of an order seeking the freezing of the family's financial assets in foreign countries, following which the foreign ministry approached foreign governments and financial institutions. The ban would apply to his wife Suzanne and two sons.
The Enforcement Directorate on Thursday said it has frozen assets worth Rs 143 crore of prominent Kerala-based NBFC Manappuram Finance Ltd's MD and CEO V P Nandakumar after it conducted raids as part of a money laundering investigation. A total of six premises in Thrissur, where the company is headquartered, were covered during the searches that were launched on Wednesday. The case pertains to allegations of money laundering through "illegal" collection of deposits from the public, the agency said in a statement.
Days after the toppling of the regime, the Egyptian military led government has asked the US and European Union to freeze the assets of top henchmen of ousted president Hosni Mubarak, but has remained mum on the bounty of the deposed president.
The Maharashtra legislature has passed a special bill, the Maharashtra Special Public Security Bill, 2024, to curb activities of Left-wing extremist organizations, introducing strict measures and penalties for individuals and organizations involved in unlawful activities.
An Indian delegation met top officials of the United Nations Office of Counter-Terrorism (UNOCT) and Counter-Terrorism Committee Executive Directorate here even as New Delhi stepped up efforts to designate The Resistance Front, a Lashkar-e-Tayyaba proxy, as a UN-listed terror outfit for its alleged involvement in the Pahalgam attack.
'What's currently underway is not a 'reset'.' 'What needs to be arrived at is a new balance.'
'France has decided to sanction Masood Azhar at the national level by freezing his assets'
The United States has clamped down on Pakistan-based terrorist organisation Laskar-e-Toiba, which has repeatedly targeted India, by freezing the assets of its top four leaders and barring its nationals from dealing with the militant outfit."LeT is a dangerous al Qaeda affiliate... its transnational nature makes it crucial for governments worldwide to do all they can to stifle LET's fundraising and operation," said Stuart Levey, Under Secretary for Terrorism Intelligence.
In a pump and dump operation, fraudsters artificially inflate the price of a stock by spreading misleading or false information, creating a frenzy among unsuspecting retail investors.
India is planning to ask Pakistan to seize assets of fugitive underworld don Dawood Ibrahim and most wanted terrorists Hafiz Saeed and Zakiur Rehman Lakhvi as all three are in the United Nations Security Council's Al Qaeda sanctions list which makes it incumbent upon Islamabad to freeze their holdings.
The five include Abdel Aziz Rantissi, its new leader.
Targeting the 'support network' of the Tamil Tigers, the United States on Wednesday designated a US-based charity group as a 'front' of the banned Liberation Tigers of Tamil Eelam and ordered freezing of its assets. The Tamil Foundation has been designated under 'Executive Order 13224', which "targets terrorists and those providing support to terrorists or acts of terrorism," the US Department of Treasury said in a press statement.
Last month, the Security Council Committee enacted amendments to certain entries in its ISIL (Da'esh) and Al-Qaida Sanctions List of individuals and entities subject to the assets freeze, travel ban, and arms embargo.
The TRO's efforts worldwide have reportedly allowed the LTTE to use humanitarian aid, which it collected for the international community after the December 2004 tsunami, to launch new campaigns to strengthen the LTTE's military capacity.
A government order issued last evening blocked the assets of Gaddafi and 28 other members of his clan, including his wife Safia al-Barrasi, his sons and his only daughter Aisha as well as several relatives and leaders.
'If you align your ambition with India's rise, the peak of your careers will unfold alongside the peak of India's power.'
The Supreme Court's ruling in the BPSL case exposes deep flaws in the IBC's institutional framework and raises concern about judicial overreach, notes Rajeswari Sengupta.
The details of the attackers and their relatives linked to the bombings was released by the police on Wednesday.
The authority said in its order that it believes that the movable assets and equity shares that were attached by the ED are proceeds of crime and linked to the offence of money laundering.
India handed over a dossier to Pakistan to take action against the JeM, as pressure mounted on Islamabad to take action against individual and organisation listed by the UN Security Council as terrorists.
Several depositors were duped in the Rs 460.91-crore alleged fraud engineered by Shivraj Puri, a Global Wealth Manager of the bank working at its branch in Gurgaon.
Delhi-based electric vehicle (EV) ride-hailing firm Evera Cabs, which grabbed headlines after acquiring 500 cars from the now-defunct cab service BluSmart, is stepping up its presence in the EV cab segment. The company is aiming for revenue of Rs 100 crore in the ongoing financial year (2025-26), up from Rs 18 crore in 2024-25.
Only investors with knowledge of cryptocurrencies, long-term conviction, and a long horizon should invest in this asset class.
Brazilian authorities have blocked assets of Barcelona star Neymar, including a yacht, a jet and several properties worth almost US$50 million, according to The Associated Press.
The parents of Brazil forward Neymar have denied any wrongdoing after a judge froze 188.8 million reais ($47.6 million) of the player's assets in a tax evasion case.
The high court court on Thursday accepted Nokia's appeal to release its local factory after its seizure by authorities in a tax dispute, removing a hurdle for the sale of the company's mobile phone business to Microsoft.
The National Company Law Tribunal (NCLT) has directed to freeze and attach assets and properties of Videocon promoters following a petition by the ministry of corporate affairs. The NCLT Mumbai bench has directed the Central Depository Services Ltd (CDSL) and National Securities Depository Ltd (NSDL) that securities owned or held by the Videocon promoters "in any company or society be frozen, and be prohibited from being transferred or alienation" and the details be shared with the Ministry of Corporate Affairs (MCA). It directed the Central Board of Direct Taxes (CBDT) to disclose information about all assets of the Videocon promoters in their knowledge or possession, for the purpose of freezing and restraining such assets.
Rauf Azhar, born in 1974 in Pakistan, had been sanctioned by the United States in December 2010.
The sanctions list subjected him to a travel ban, assets freeze and an arms embargo.
The government on Tuesday confirmed that a French court has ordered the freezing of certain Indian assets in Paris on a petition by Britain's Cairn Energy, which is seeking to recover $1.72 billion from New Delhi after winning an arbitration against retro tax. Minister of State for Finance Pankaj Chaudhary in a written reply to a question in the Rajya Sabha said the government has filed an appeal against an international arbitration tribunal overturning levy of Rs 10,247 crore in back taxes on Cairn Energy. "Yes sir, an order has been passed by a French Court freezing certain Indian government properties in the case pertaining to Cairn Energy," he said.
'I believe that the grounds for my listing are based on heresy and disinformation by the Indian government'
Unfazed by the Supreme Court upholding winding up of the company, shareholders of Devas Multimedia will continue to seek seizure of Indian government assets abroad to collect $1.2 billion the firm has been awarded by arbitration tribunals for cancellation of a satellite deal but are open for talks to settle the issue, their counsel said. "The decision by the Supreme Court does not change anything. The Modi government and the Indian courts cannot rewrite the facts. "Their flimsy allegations of fraud will never stand up in courts outside of India," said Matthew D McGill, partner at Gibson, Dunn & Crutcher, and lead counsel for several Devas' shareholders.
Chinese Foreign Ministry spokesman Geng Shuang said that Washington's move only complicates the issue.
