Amway maintains the action was related to a case in 2011 and it has been cooperating with the investigative agency.
"Within the broader index of industrial production, manufacturing has the largest of the weight. Having fallen off the cliff by 40.7 per cent during the April-June quarter, it is likely to witness a rebound when July IIP data is released. However, turnaround to positive growth trajectory could be some time away," Assocham said.
Your promise to protect bankers for their commercial decisions is a huge confidence booster, but how does one define a commercial decision? Are our investigative agencies well equipped to dissect lending decisions of bankers?
With Goods and Services Tax (GST) officers under pressure to exceed the Rs 1-trillion collection mark per month, industry has faced a barrage of recovery notices and summons issued over the last one month across sectors, according to company executives. Industry bodies have claimed harassment by field officers, blocking of input tax credit, cancellation of GST registration, threats of arrest and steep penalties, impacting their working capital and operations. Company executives pointed at an atmosphere of apprehension and fear due to such notices and summons.
Bankers have decided to fight back against 'arbitrary arrests' and 'harassment' by probe agencies.
The hearing in the extradition case of Senthil Kumar, Chief of the Dutch subsidiary of Indian software firm i-flex solutions Ltd, has been postponed to May 2.
'During the course of these two years, as new people have joined, we have no mental picture to associate with them and hence, have little connection with them.'
If the Bhopal judgment results in independent directors and CEOs/plant managers waking up to their responsibilities, that can only be a good thing.
The four-member committee will be headed by Prasar Bharati CEO Shashi S Vempati. The Ministry of Information and Broadcasting said the present guidelines issued by it in 2014 on Television Rating agencies in India were notified after detailed deliberations by the Parliamentary Committee, Committee on Television Rating Points (TRP) constituted by the ministry and recommendations of the Telecom Regulatory Authority etc.
Indian football hero of '80s, Chibuzor dies
Further stimulus measures are expected in the upcoming Budget where the focus is likely to be on reforms, including some structural measures such as reducing red tape and boosting foreign direct investment. The meeting with industrialists is in the series of discussions that Modi has had during the last couple of weeks to seek suggestions to revive growth.
Rahul knew this was coming. That 'dirt' would be dug up.
News of all that transpired on and off the football field.
The Enforcement Directorate arrested Yes Bank founder Rana Kapoor under money-laundering charges in Mumbai in the early hours of Sunday, officials said. The banker was held under the provision of the Prevention of Money Laundering Act (PMLA) around 3 am as he was allegedly not cooperating in the probe, they said.
Britain has received documents from the Netherlands government seeking extradition of i-flex chief (of Europe) Senthil Kumar, currently on bail, a London court was informed on Friday.
The ED said that the investigation further revealed that there are 78 companies owned by the accused and his family members and it needed to probe whether the money went into these companies.
A Delhi court Wednesday issued summons to former Union minister P Chidambaram and his son Karti in the INX Media money-laundering case on taking cognisance of the charge sheet filed by the Enforcement Directorate (ED) against them.
The collector along with some policemen on Saturday stopped the man, identified as Aman Mittal (23), who was on his motorcycle, on a road in Surajpur where the coronavirus-induced lockdown is in force.
Advocate Abbad Ponda, his lawyer, said a person with low immunity is easily susceptible to catching coronavirus.
With India's GDP clocking a lower contraction of 7.5 per cent in the September quarter, industry and experts expressed confidence of further recovery in the coming months and said the government's actions are bearing fruit. In a tweet, Vedanta chairman Anil Agarwal said, "Q2 #GDP numbers show that economy is recovering. Government's efforts on stimulus and reform are showing results. Hopefully, we will have positive growth in H2 FY21 and double digit growth in FY22."
Mumbai Crime Branch questioned Chennai Super Kings CEO Gurunath Meiyappan for several hours after his arrest on Friday night in IPL betting scandal, but he has been "evasive" and "non-cooperative" during interrogation, police said in Mumbai on Saturday.
Arrested Trinamool Congress Member of Parliament Kunal Ghosh was involved in activities of the Saradha Group other than those commensurate with his position as the media CEO of the chit fund company as per fresh evidences that have emerged, the police said on Wednesday.
Having made your point and got bail, it might be useful to reflect and reinvent your brand of journalism that am sure would still be unique, advises Sanjeev Nayyar.
Pakistan has too much at stake to allow even an iota of rapprochement between India and the Taliban, says Vivek Gumaste.
The actor's name cropped up during the investigation of a bookie, Sonu Jalan, who was arrested by the police on Tuesday.
A four-member Mumbai Police team began searches at the residence of suspended CSK CEO Gurunath Meiyappan on Sunday.
A beleaguered Board of Control for Cricket in India (BCCI) suspended Chennai Super Kings CEO Gurunath Meiyappan, who was arrested for alleged involvement in betting, pending an inquiry into his role in the IPL spot-fixing scandal that has shaken the core of Indian cricket.
Kapoor, 62, and the Wadhawans were arrested by the agency in this case early this year and they are in judicial custody at present.
LIC Chairman T S Vijayan on Friday said that V K Sharma will take over as the CEO of its housing finance arm, early next week. Sharma has been chosen to replace LIC Housing Finance CEO Ramachandran Nair, who was arrested by the CBI on charges of involvement in housing-loan bribery case on Wednesday.
The plea filed by the father of the Pradhyumn's father Barun Chandra Thakur, sought cancellation of their interim bail granted by the high court on October 7.
The agency's poor track record in convictions is the only light at the end of a rather long tunnel for the couple, observes Shyamal Majumdar.
These businessmen represent the top five firms that have taken loans from the crisis-hit Yes Bank and these debts were either in the red or were stressed, officials said.
'What made him different was that he was not a banker at all by temperament.' 'He was a businessman, a typical lalaji at that.' 'He had to win at any cost.'
The firm has blamed a section of unnamed competitors as well as maleficent parties
The high court imposed various bail conditions on him, including that he shall not tamper with the evidence or influence witnesses, directly or indirectly.
These movies have no business being out there!
It has been a year since the Reserve Bank of India (RBI) initiated prompt corrective action (PCA), an exercise that puts weak banks under central bank scrutiny, against the 94-year-old Lakshmi Vilas Bank (LVB). But recently, this low-profile Chennai-headquartered bank found itself attracting some unwonted publicity when 60 per cent of its shareholders voted against a proposal to re-appoint seven directors, including one of the promoters, K R Pradeep (who holds around 2 per cent), and the company's managing director & chief executive officer S Sundar.
Allegations are flying thick and fast, from harassment, pressure on employees to sell their stocks in the firm, to not one but two extortion calls.
Bangladesh Cricket Board chief executive officer Manzur Ahmed has died of a cardiac arrest, his family and the board confirmed on Tuesday. He was 57.
While Punjab Police officials said an investigation is currently on to ascertain if a betting syndicate was involved, the BCCI asserted that it is keeping an eye, but only to the extent of getting details of those involved. The SLC, on the other hand, denied having any knowledge of the match ever being planned in Sri Lanka.
