Was Kerkar duped by his employees, as he claims, or did a cocktail of greed, poor cost control and bad management bring the travel firm down, wonder Pavan Lall and Aneesh Phadnis.
Mallya's barrister, Clare Montgomery, reiterated the central defence that there had been no misrepresentation or fraud on the part of her client and that Kingfisher Airlines was the victim of economic misfortune alongside other airlines.
The Calcutta high court on Tuesday directed the Central Bureau of Investigation to file an affidavit by Thursday stating whether the central investigating agency had been handed over investigation by other states into the multi-crore chit fund scam that affected lakhs of investors.
Anupam Kher was presented with the Certificate of Excellence in Las Vegas by Nevada Senator Ruben Kihuen.
On all key issues, Congress is MIA, sighs Shekhar Gupta.
The biggest-ever seizure of cash in new currency grew to over Rs 5 crore on Friday even as the Income Tax department said it detected unaccounted income worth Rs 152 crore after it conducted searches in a dozen premises in Bengaluru and other locations.
The US is not going to be able to mount a concerted 'Western strategy' against China or Russia in the present international milieu, predicts Ambassador M K Bhadrakumar.
The case relates to alleged money laundering in granting the operational contract of two IRCTC hotels to a private firm.
Police FIR reveals the bank had replaced 44 loan accounts of HDIL with 21,049 fictitious loan accounts. These 21,049 were actually not created in the core banking solution of the bank, but were mere entities in the advances master indent submitted to RBI for conducting its inspection for the year ended March 2018.
Where we bring you a taste of the best celebrity foodgasm moments.
About Rs 1,282 crore has been levied as tax in 159 cases pertaining to concealment of tax due to the government
The chargesheet names 14 accused, including the Congress leader's son Karti Chidambaram, Peter Mukherjea and Indrani Mukerjea.
Sticking to the demand for the sacking of Chief Minister Vasundhara Raje over 'Lalitgate', Rajasthan Congress on Friday submitted a memorandum to Governor Kalyan Singh charging that her position has become "untenable" in view of the controversy.
A list of at least 20 individuals has been sent to the immigration department to prevent them from flying overseas.
Former telecom minister A Raja, Dravida Munnetra Kazhagam MP Kanimozhi and 17 others were on Friday chargesheeted by the Enforcement Directorate in a special court in connection with a money-laundering case relating to the 2G spectrum allocation scam in which the party-run Kalaignar TV was allegedly paid Rs 200 crore by the promoters of Swan Telecom.
Asserting that its demand after Devyani Khobragade's arrest is not unreasonable, India has said the case is not about mistreatment of a domestic employee but rather of US laws being gamed for immigration purposes.
You need to revamp both your work practices and technology tools to maintain your efficiency and effectiveness
Ramesh released some fresh documents including one of 1949 which showed that the Dholpur Palace was owned by the Rajasthan government.
The 61-year-old flamboyant businessman, already out on bail on an extradition warrant executed by the Metropolitan Police earlier this year, was released on the same bail conditions as before to appear for his trial on December 4.
The vice chairman said they have asked agencies like the ED, IT to make an assessment of the list and prepare a report in this regard.
Breaking his silence, Finance Minister Arun Jaitley on Tuesday came out in strong defence of External Affairs Minister Sushma Swaraj in the 'Modigate' saying she acted "bona fide" and with "good intentions" and the entire government and party were one on the issue.
'May I ask if Sharad Pawar will say the chief justice of the high court as well as the judge who extended remand are also taking instructions from Somaiya?'
There is a vocal constituency of educated, well-to-do, articulate Indian elites who would rather go with the idea that too much democracy is a liability. That India needs a spell of benevolent dictatorship. Of course, they have never lived under one, points out Shekhar Gupta.
While players in the financial ecosystem are opening up to the idea of receivables funding for the sector, this market needs a regulator, which a Parliament panel feels only RBI can provide.
The United States has asserted that it will continue to gather foreign intelligence, which it argued is essential to keep the nation and allies safe, amid report that National Security Agency monitored the phone conversations of 35 world leaders.
The sleuths of the department seized over Rs 4 crore in new currency, mostly in denomination of Rs 2000, some notes of Rs 100, demonetized notes of Rs 500 and a few gold biscuits
Parts of electric cars are costlier and repairing often means replacing an entire system, which drives insurance premium rates up.
A Delhi court on Saturday sent former Air Force Chief S P Tyagi, arrested in Rs 450 crore Agusta Westland bribery case in procurement of 12 VVIP helicopters, to police custody for four days after the CBI said he was needed to be quizzed to unearth a "very large conspiracy having international ramifications".
Sitharaman criticised the news report for raising issues 'selectively' and ignoring the then defence minister Manohar Parrikar's reply.
The court asked the jail authorities to give proper medical help to Bhujbal in jail and take him to nearest government hospital whenever he requires attention.
Justice Ingrid Simler at the Royal Courts of Justice in London concluded the hearing and said as the matter was of "some importance", she would take some time to consider it and hand down her ruling on Wednesday.
True, Azam Khan is being targeted rather disproportionately and also because of his Muslim identity. That must be protested and resisted. But to say that he is a big messiah, and his profit-making educational enterprise is an issue concerning all Muslims of India, is absolutely unjustified, assert Mohammad Sajjad and Md Mohammad Zeeshan Ahmad.
Summary of sports events and persons who made news on Friday.
The Income Tax department is likely to initiate prosecution against close to 300 people whose names have been submitted to the Supreme Court on Wednesday in connection with the probe into alleged black money accounts in HSBC bank in Geneva.
Today is World Environment Day; apt then we look at what contribution some of the best-looking people we feature on our pages make to it!
The case of alleged bribery of Syndicate Bank Chairman-cum-Managing Director S K Jain may come up for discussion in the meeting of Special Investigation Team on black money, as it is a "classic" case of how proceeds of corruption were transferred through hawala channels.
Mallya said the allegations of money laundering and stealing money against him are 'completely false'.
Lalit Modi transferred his 2,000 shares worth Rs 114,000,0 (as of Friday) in his name to son Ruchir Kumar Modi.
Shah said the 'friendship' between Christian Michel, the alleged middleman in the deal, and Congress' top leadership is 'time tested and deep'.
'How many people have died in India so far due to Covid?' 'Multiply that by at least four, and that many people in intense grief are there in the country.'
