News for 'customs investigation'

California shooters spoke of jihad while dating, reveals FBI

California shooters spoke of jihad while dating, reveals FBI

Rediff.com10 Dec 2015

"San Bernardino involved two killers who were radicalised for quite a long time before their attack," FBI Director James Comey said.

Govt unearths indirect tax evasion of Rs 50,000 crore in 2 years

Govt unearths indirect tax evasion of Rs 50,000 crore in 2 years

Rediff.com10 May 2016

The crackdown on black money has led to seizing of Rs 3,963 crore of smuggled goods in two years.

ICICI Bank orders probe into allegations against Chanda Kochhar

ICICI Bank orders probe into allegations against Chanda Kochhar

Rediff.com30 May 2018

There are allegations of involvement of Kochhar and her family members in a loan provided to Videocon group on a quid pro quo basis.

HSBC gets summons from Indian Tax Dept; fears significant fines

HSBC gets summons from Indian Tax Dept; fears significant fines

Rediff.com23 Feb 2015

Names of 100,000 a/c holders in HSBC's Swiss unit recently became public.

The businessman who got richer during the lockdown

The businessman who got richer during the lockdown

Rediff.com8 May 2020

Radhakishan Damani is the only billionaire to see his wealth grow by around 20% during the lockdown.

Reserve Bank cancels Sahara's NBFC licence

Reserve Bank cancels Sahara's NBFC licence

Rediff.com15 Sep 2015

The NBFC was registered on December 1998, with an office in Lucknow.

China imposes record fine on US chip giant

China imposes record fine on US chip giant

Rediff.com10 Feb 2015

Qualcomm has agreed to pay a hefty fine of $995 million.

Dangerous to be a journalist in today's world

Dangerous to be a journalist in today's world

Rediff.com18 Mar 2017

Journalists all over the world have been disappearing and some have never been heard again, says Narain D Batra.

Do not park too much money in co-operative banks

Do not park too much money in co-operative banks

Rediff.com13 Nov 2019

Do not go for riskier options like co-operative bank only for the higher return. Even if you go for them, park only a small portion of your capital there, say Tinesh Bhasin and Sanjay Kumar Singh.

Richest self-made woman in America is now the poorest!

Richest self-made woman in America is now the poorest!

Rediff.com2 Jun 2016

Elizabeth Holmes founded Theranos in 2003 and it promised ground-breaking methods that would allow quick results for a wide range of tests with just one drop of blood.

Joint probe on US ship, manhunt on for diesel suppliers

Joint probe on US ship, manhunt on for diesel suppliers

Rediff.com15 Oct 2013

A day after an FIR was filed against 35 persons on board US ship 'M V Seaman Guard Ohio,' detained for straying into Indian waters carrying weapons and ammunition, a multi-agency investigation, including officials from Research and Analysis Wing and Intelligence Bureau, has begun, sources said on Tuesday.

Govt's tax amnesty scheme sees little success

Govt's tax amnesty scheme sees little success

Rediff.com8 Nov 2019

By November 3, only 17,000 applications with tax payable amounting to Rs 1,100 crore have been received by the government, under the Sabka Vishwas Legacy Dispute Resolution Scheme. The scheme gives a deep discount of 70 per cent for cases pending appeal where tax demand is more than Rs 50 lakh, and 50 per cent waiver beyond that amount.

World anti-money laundering body deletes FIFA-related warning

World anti-money laundering body deletes FIFA-related warning

Rediff.com23 Jun 2015

A world anti-money laundering body has deleted all trace of an alert it issued last week warning that financial institutions had not done enough to police suspicious financial activity by officials at FIFA.

DTH operators may have to offer inter-operable box

DTH operators may have to offer inter-operable box

Rediff.com11 Aug 2009

Direct to Home (DTH) operators could be asked to provide inter-operable set-top boxes to their customers with the Competition Commission of India (CCI) seeing prima facie merit in a complaint filed by a consumer organisation that it is in violation of competition laws.

Why insurance firms are renegotiating rates for bank directors' indemnity

Why insurance firms are renegotiating rates for bank directors' indemnity

Rediff.com16 Apr 2018

Market leaders in this line of business - New India Assurance and Tata AIG - have begun to reassess the premium on risk exposure of their portfolio in the director's and officer's liability business.

World Cup updates: England boss Southgate amused after dislocating shoulder

World Cup updates: England boss Southgate amused after dislocating shoulder

Rediff.com21 Jun 2018

FIFA slapped the Mexicans with a CHF 10,000 fine for what it called "discriminatory and insulting chants" during their surprise 1-0 win over Germany on Sunday.

1000-yr-old Shiva-Parvati idol, stolen and smuggled to US, to return home

1000-yr-old Shiva-Parvati idol, stolen and smuggled to US, to return home

Rediff.com19 Nov 2015

A historic Chola-era idol of Shiva and Parvati, stolen from a temple in India and sumggled into the United States by notorious Indian art dealer Subhash Kapoor, has been recovered from a university in Indiana.

NRI crashes SUV into Wagah border gate and almost makes it into Pakistan

NRI crashes SUV into Wagah border gate and almost makes it into Pakistan

Rediff.com16 Nov 2015

In a major security breach at the Wagah-Attari border crossing with Pakistan, an NRI crashed his SUV into the security gates at the Attari Joint Check Post in the wee hours of Monday and reached the Zero line at the International Border.

India slaps anti-dumping duty on Chinese steel wire rods

India slaps anti-dumping duty on Chinese steel wire rods

Rediff.com3 Nov 2016

The department of revenue in a notification on Wednesday said anti-dumping duty is being imposed for six months on the import of wire road of alloy or non-alloy steel from China.

Rape probe throws up violations in Uber operations

Rape probe throws up violations in Uber operations

Rediff.com9 Dec 2014

Officials of the international radio taxi service Uber will be questioned by the police for the second consecutive day on Tuesday in connection with the alleged rape of a 27-year-old finance company executive by its driver.

Frauds: Insurance cos lose over Rs 15,000 cr

Frauds: Insurance cos lose over Rs 15,000 cr

Rediff.com13 Aug 2009

The insurance sector seems to be the most vulnerable to frauds as companies are losing a whopping over Rs 15,000 crore (Rs 150 billion) every year due to exaggerated claims by customers or agents, a survey has found.

Murthy's baseless allegations forced Sikka to quit: Infosys board

Murthy's baseless allegations forced Sikka to quit: Infosys board

Rediff.com18 Aug 2017

The Board rued that its efforts to resolve the concerns of the founders - who together own about 12.75 per cent stake in Infosys - over the course of a year through a dialogue have not been successful.

NCB team to monitor probe into drug bust

NCB team to monitor probe into drug bust

Rediff.com24 May 2003

Customs officials had busted an international drug racket at the flat of a former CBI senior officer, U N Biswas.

What bonds us now is emotional equity:  Satyam CEO

What bonds us now is emotional equity: Satyam CEO

Rediff.com9 Jan 2009

Ram Myanampati, the interim chief executive officer of beleaguered Satyam Computer Services, on Thursday admitted that he himself is on a shaky ground.

Why put a con artist in White House, asks Obama as he bats for Hillary

Why put a con artist in White House, asks Obama as he bats for Hillary

Rediff.com3 Nov 2016

Democratic presidential nominee Hillary Clinton is the only candidate in the race to the White House who has devoted her entire life to the people of America, outgoing US President Barack Obama has said.

FIFA scandal: Banks did not do enough, says global agency

FIFA scandal: Banks did not do enough, says global agency

Rediff.com22 Jun 2015

A global group of government anti-money-laundering agencies said that financial institutions have not done enough to police suspicious financial activity by officials at soccer's global governing body FIFA.

Is ICICI's Chanda Kochhar on her way out?

Is ICICI's Chanda Kochhar on her way out?

Rediff.com18 Jun 2018

The ICICI board, which consists 12 members, is divided on whether Kochhar should be on leave during the internal enquiry

Deed done, now to make mega bank merger work

Deed done, now to make mega bank merger work

Rediff.com18 Sep 2019

'We can't have the best of both worlds -- large, efficient, world class government-owned banks, doing social banking and making profits. 'Why not set them free from the shackles of such obligations and run them as business units?' says Tamal Bandyopadhyay.

Air France flight makes emergency landing after bomb alert

Air France flight makes emergency landing after bomb alert

Rediff.com20 Dec 2015

An Air France flight from Mauritius to Paris was forced to make an emergency landing in Kenya early on Sunday after a suspicious package was found on board, Kenyan police said.

Orlando nightclub killer Omar Mateen 'might have been gay'

Orlando nightclub killer Omar Mateen 'might have been gay'

Rediff.com14 Jun 2016

Twenty nine-year-old Omar Mateen, who gunned down 48 people at a gay club in Orlando, himself might have been gay but chose to hide his true identity out of anger and shame, his former wife has said as authorities looked into reports that he had visited the Florida club several times and also used a gay dating app.

Volkswagen faces $8 billion fine, to halt sales of some diesel cars

Volkswagen faces $8 billion fine, to halt sales of some diesel cars

Rediff.com21 Sep 2015

Volkswagen told US dealers to halt sales of some 2015 diesel cars.

Haneef probe cost Aus $7.5 mn: Report

Haneef probe cost Aus $7.5 mn: Report

Rediff.com18 Feb 2008

The Australian police spent a whopping $ 7.5 million probing Mohammed Haneef, who was wrongly accused of terror charges, the country's police chief said on Monday while claiming that the Indian doctor did not have a case for compensation.

Emissions scandal exposes Volkswagen's dark side

Emissions scandal exposes Volkswagen's dark side

Rediff.com21 Sep 2015

Volkswagen may also have to compensate customers for misleading them about a car's performance.

Fraud claims leave life insurers in a fix

Fraud claims leave life insurers in a fix

Rediff.com7 Aug 2016

Section 45, which says no claim can be rejected after three years of a policy being in force, remains a bone of contention

British PM publishes personal tax returns amid Panama Papers row

British PM publishes personal tax returns amid Panama Papers row

Rediff.com10 Apr 2016

The disclosure comes hours after Cameron admitted that he could have handled the tax row arising out of the Panama Papers leak "better", saying he will imminently publish details of his personal tax affairs.

Bank staff slogging it out on their own

Bank staff slogging it out on their own

Rediff.com17 Dec 2016

There is not much bank employees can do, but some words of encouragement from the management would have helped. Stretched working hours and the tense atmosphere is taking a toll on their health.

More woes for Nestle: Larvae found in milk powder in TN

More woes for Nestle: Larvae found in milk powder in TN

Rediff.com2 Jun 2015

The company's milk powder has been declared unsafe by the Tamil Nadu Food Safety Wing

PNB fraud: More heads to roll in the jewellery sector

PNB fraud: More heads to roll in the jewellery sector

Rediff.com19 Feb 2018

Three-four big gem and jewellery firms are showing financial weaknesses and might find it tough to withstand shocks

Let the Padmavati story be told

Let the Padmavati story be told

Rediff.com4 Dec 2017

'Padmavati represents the voice of thousands of Rajput women who lived and died not by their own choice.' 'Let their story be heard,' says Kishore Singh.

Narendra Rastogi extradited from US

Narendra Rastogi extradited from US

Rediff.com4 Jul 2008

Economic offender Narendra Kumar Rastogi was on Friday extradited from the United States to India to face charges in a custom duty evasion case to the tune of Rs 54 crore for exporting scrap to various countries.