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.
His answer to every question was, "I am politically victimised", the CBI said.
The Mumbai police told a court that they had not found any evidence of match-fixing against top BCCI officials with regard to IPL in 2013.
The agency filed the prosecution complaint under the Prevention of Money Laundering Act before a special court in Mumbai and said Naik's "inflammatory speeches and lectures have inspired and incited a number of Muslim youths in India to commit unlawful activities and terrorist acts."
'Speechless with the tragic news of the passing of my great mate and beloved cricketing man'
About 300 protestors from parties like MDMK, Indian National League and Tamil National Movement courted arrest along with the two leaders near the Munroe statue in Chennai while trying to go ahead with the rally.
Thpaper's editor-in-chief said five persons, had intercepted the car carrying him and his brother N Murali, the joint managing director, in Bangalore on Saturday night.
Nadu Chief Minister O Panneerselvam announced on Friday morning that the state government will amend a central act on Prevention of Cruelty to Animals to allow the conduct of Jallikattu in the state with the Centre's backing, and urged protestors across the state to withdraw their agitation following the likelihood of the bull-taming sport to be held in a "day or two."
Chinese mobile company Vivo replaced PepsiCo as the title sponsor of the high-profile Indian Premier League (IPL), a change necessitated by the beverage giant's sudden pullout from a five-year deal that was to end in 2017.
The 65-year-old leader's ascent as the DMK chief heralds a new era in the Dravidian party, making him only the second man after his father to be elected as party president.
Police claimed that money recovered from alleged middleman Sukesh Chandrashekar was sent by Dinakaran.
In private, AIADMK spokespersons say that the raid on Chief Secretary P Ramamohana Rao might be aimed at weakening the AIADMK, and demotivating the party from selecting/electing Jayalalithaa's confidante, Sasikala Natarajan, as her successor -- first as party head then possibly in the government, says N Sathiya Moorthy.
The new ploy of using Colombo to transport the counterfeit currency is believed to have adopted by the ISI.
Dravida Munnetra Kazhagam chief M Karunanidhi's daughter and Rajya Sabha member Kanimozhi, who has been granted bail in the 2G spectrum case, will not reach Chennai till December 3 as she has to attend a court hearing in New Delhi in the multi-crore scam, the party said on Tuesday
At first look, the reader would be aghast at the similarities in the DMK and AIADMK's manifestos, wondering if the same hand had drafted both. Yet, when it comes to drinking water and irrigation supplies, both parties are equally silent on the subject -- as if summer did not exist, as didn't water scarcity, says N Sathiya Moorthy.
Ahead of VK Sasikala's return to Tamil Nadu on February 8, there are some important questions facing her. One, does she carry electoral weight more now than her brainchild AMMK had in the 2019 LS polls? Two, can she retain or build upon the five per cent vote-share from that time? And finally, is there space for Sasikala to retrieve, first within the AIADMK and then across the state, says N Sathiya Moorthy.
Board of Control for Cricket in India N Srinivasan and his son-in-law Gurunath Meiyappan appeared before the Justice Mudgal Committee in connection with the probe into the IPL spot-fixing and betting scandal, in Chennai.
Mallya has been in the UK for months, escaping arrest warrants against him.
Raja Ayyappan, a member of the 'Tamizhar Pasarai' outfit, was arrested by Q-Branch police on Monday at Thanjavur, about 165 km from Madurai, following a tip off, they said.
Barred by the Supreme Court from contesting the Board of Control for Cricket in India's elections, president-in-exile Narayanswami Srinivasan has called some of the affiliated units for an informal meeting in Chennai on Thursday to decide his future course of action.
There is definitely a mystery behind Sadiq Batcha's death, says J Gopikrishnan, the Pioneer daily journalist who broke the 2G scam story.
"Nothing wrong has happened over her death....there is no problem as being made by some persons," he said.
A vigilance department insider-turned-online journalist, busy taking on the establishment, comes to fore with the 2G tapes
Thousands of police personnel have been deployed across the state to maintain law and order.
India pacer Shantakumaran Sreesanth and his Rajasthan Royals team mate Ankeet Chavan and Ajit Chandila were on Sunday cleared of charges by a Delhi court in the spot-fixing and betting scandal in the sixth edition of the Indian Premier League in 2013. A flashback of the events that unfolded in the episode.
India has requested Malaysian authorities to hand over evidence against an arrested accused who was part of a conspiracy to plan and carry out terror strikes allegedly at the behest of ISI on the US and Israeli consulates in the southern part of this country.
The statements of the Mukerjeas were recorded by the Enforcement Directorate, which is probing the money laundering angle in the case, while the CBI had only recorded Indrani's statement before a magistrate as per section 164 of the CrPC, they said.
During the arguments, the ASG said FIPB officials have also been interrogated and all of them are holding high offices in their respective fields.
An unidentified aircraft caused a security scare in Mumbai airspace on Saturday after it was spotted by an Etihad Airways flight and reported to the air traffic control, official sources said.
Six of the arrested persons were owners of small-scale units that manufactured the components of the rocket launchers, while one was the agent of Kranthi Transport.
What really happened in Sathankulam, where the father-son duo of Jayaraj and Beniks died in an alleged case of police brutality, a case that has shocked India?
Parliament bomb threat: Five secured for questioning
Authorities on Saturday continued to dig up currency to the tune of lakhs of rupees, including in new notes, across the country.
A Hindu Mahasabha leader and two other lawyers, who were allegedly in an inebriated state, have been arrested on charges of harassing the crew and passengers of a Chennai-bound flight before it was to take off from Coimbatore on Wednesday night.
Dravida Munnetra Kazhagam leader M K Stalin on Monday met his half-sister and party member of Parliament Kanimozhi, arrested in connection with the 2G scam, at Tihar jail in New Delhi.
Sadiq Batcha, a key aide of former telecom minister A Raja, is said to have committed suicide at his residence in Chennai on Wednesday.
A report released by Human Rights Watch states that police regularly disregard arrest procedures and torture suspects in custody to death. The police often blame the deaths on suicide or illness.
Dravida Munnetra Kazhagam MP Kanimozhi was on Friday lodged in a 15 ft x 10 ft cell at the Tihar Jail after being sent there for her role in the 2G spectrum case, far from the air-conditioning and other comforts which she is used to at her palatial bungalow in Chennai's CIT colony.
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
The Central Bureau of Investigation on Tuesday registered a case and began a probe into the death of Sadiq Batcha, a close aide of former telecom minister A Raja who has been arrested in the multi-crore spectrum allocation scam. The agency has started its investigations under Section 174 of the CrPC in the mysterious death of Batcha, who was found hanging at his home in Chennai on March 16.
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