Bain alleges that it invested around $60 mn based on false financial statements that EY had audited and certified
Is this a classic case of throwing the baby out with the bath water?
Indian business, on quite a different trajectory from its global counterpart, remains relatively insulated from any kind of backlash.
The man who owns close to 94 per cent of the shares of Patanjali Ayurved, an unlisted company, does not, however, take a salary or receive dividends.
After initiating stern action against 331 companies, the market regulator seems willing to revoke its stringent restrictions for some entities.
Lauding the contribution of non-resident Indians in the development of the country, he said, 'Mahatma Gandhi, Sardar Patel, B R Ambedkar, Jawaharlal Nehru were all NRIs. They travelled the world and helped India with new perspectives.'
The group needs to rustle up Rs 5,000 crore in cash and an equal amount in bank guarantees for bail.
Sources said that the capital markets regulator Securities and Exchange Board of India has come across quite a few cases where GDR route could have been used for round-tripping of funds in the name of capital-raising activities of listed companies from abroad.
'A law firm checked credentials of Karan Ajit Judge and Nouam'
Year 2013 saw business leaders facing the ire of hostile investigative agencies.
Industrialists have the same complaints as they did in the UPA's second stint.
Hence, the claims by the Government that this will end the menace of black money and corruption are simply outlandish. Also, the simultaneous introduction of Rs 2,000 note undermines their claim and it simply does not fit the storyline of an attack on black money and corruption.
The opposition has attacked the Modi government over the National Democratic Alliance's last full-fledged budget before the 2019 Lok Sabha elections.
Even Delhi does not have a full-time registrar of chits.
Union Minister for Women and Child Development Maneka Gandhi says her ministry is working on four core areas of "safety, education, employment and confidence building," which are critical for the 58 crore women population in India which includes over 41 crore in rural areas. She also lays out the detailed roadmap for her ministry including setting up of one stop rape crises centres, hostels for working women among others.
It was a multi-million rupee scam whose extent and reach are still being unravelled, so why did the chief of the scam-tainted Saradha group Sudipta Sen plead that he was unable to pay Rs 30,000 as bail fee? Where could all the money have gone? Indrani Roy finds out.
The government has provided a long-term vision.
A K Bhattacharya digs into the yet-to-be-public report on ways to curb black money and finds out that Modi's next moves could include action on dabba trading, hawala, and education.
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