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Quoting the FIR registered on the basis of a complaint, the Economic Offences Wing of Mumbai said accused Nailesh Mehta of Dev Developers in Andheri pretended himself as the partner of Zoomi Construction Company by preparing fake documents and acquired the latter's rightful TDR from the Slum Rehabilitation Authority.
The speed at which he led the central bank in different areas -- ranging from internal reorganisation to inflation fighting, stabilising the currency, taking on rogue corporations, cleaning up bank balance sheets, and opening the sector -- makes one believe that Rajan knew he had only three years to do his job. A fascinating excerpt from Tamal Bandyopadhyay's MUST-READ Roller Coaster: An Affair with Banking.
BharatPe co-founder Shashvat Nakrani has accused Ashneer Grover, with whom he had co-founded the payment startup, of creating a false narrative about the company, and said the board acted quickly and decisively in unseating him after receiving finds of a PwC report. BharatPe, which allows shop owners to make digital payments through QR codes, last week stripped Grover of all titles and positions over his alleged "misdeeds" and may take further legal actions, including clawing back of some of his shareholding. In a letter to employees, Nakrani said the Grover episode was an aberration and not the norm at BharatPe, and went on to defend the board who he said were celebrated names in the banking and financial services industry.
Jet Airways founder Naresh Goyal and few others have been booked by the Enforcement Directorate in a money laundering case even as the agency is conducting searches at his premises, officials said on Thursday. They said a criminal case against the former chairman of the airlines has been filed under the Prevention of Money Laundering Act after taking cognisance of a recent Mumbai Police FIR filed against him.
The Union government on Tuesday said it has issued 202 notices to e-commerce players for incorrect declaration of 'country of origin' on products on their platforms in the last one year. The maximum number of such violations were found with respect to electronic appliances, followed by clothing and home products. Out of 217 notices, 202 notices were issued for violations relating to 'country of origin' norm.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
'Losers who cannot influence people even in their own party keep cribbing that the entire world is controlled by the BJP and RSS'
The agency has issued a provisional order attaching the farmhouse located in south Delhi's Mehrauli area under the provisions of the Prevention of Money Laundering Act. It said the book value of the asset is Rs 6.61 crore but its market value is "worth Rs 27 crore and is in the name of Maple Destinations & Dreambuild".
Booming demand for chartered accountants services fuelled by a rapidly growing economy has meant that Shetty's experience is not an isolated one.
Being distributed through a fake Flash Player app, the malware is designed for stealing login credentials, hijacking SMSs, uploading contact lists and SMSs to malicious servers, reports Romita Majumdar.
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 brand new bankruptcy process is being brazenly gamed by those with connections and money. The touts and fixers of the previous regime have been replaced by a new set close to this one, observes Debashis Basu.
The Taliban's main challenge comes on the financial and economic front and there Pakistan doesn't have the capacity to be of any meaningful help, observes Ambassador M K Bhadrakumar.
IT minister Ravi Shankar Prasad on Wednesday slammed Twitter for deliberate defiance and failure to comply with the country's new IT rules, which has led to the United States giant losing its intermediary status in India and becoming liable for users posting any unlawful content.
In a bid to curb the spread of fake news, the US-based company is testing a feature, which enables users to detect harmful links sent and received.
Investigation into the scam pertaining to blocking beds in private hospitals for COVID patients has so far not revealed the involvement of those Muslims whose names were mentioned by Bengaluru South MP Tejasvi Surya on May 4 in a live programme, top police sources said on Friday.
Companies such as Facebook, WhatsApp and Twitter are finding it extremely difficult to rope in new India heads.
Given the costs, you would need to be a high-value target for a government agency to spend this sort of money, points out Devangshu Datta.
While accounts/pages linked to the Congress party appeared to be large in number, the following or reach of pro-BJP accounts was several times more.
No religion or God says that you have to visit pandals and temples and mosques to pray, Vardhan underlined.
Prasad said the probe by the CBI will determine whether Cambridge Analytica violated the Information Technology Act, 2000 and the Indian Penal Code.
The Delhi Police on Thursday said the statements by Twitter on the ongoing enquiry in the 'toolkit' case was mendacious and designed to impede the lawful enquiry.
Former Andhra Pradesh minister Bhuma Akhila Priya was on Wednesday arrested in connection with the kidnapping of a former badminton player and his two brothers from here over a land dispute, police said.
Union minister Alphons Kannanthanam has come out in support of a 21-year-old Hanan.
No, it is NOT because Shah Rukh Khan now has more Twitter followers!
'The really striking thing is that the Taliban has suo moto presented to us certain firm benchmarks against which it expects us to hold to account the Taliban rulers's actions in the period ahead' notes Ambassador M K Bhadrakumar.
While the new norms are part of the draft policy's guidelines to fight counterfeit and fake products on platforms, they might end up helping brands and e-commerce firms sign exclusive sale deals.
Investigative website Cobrapost on Friday alleged that IT companies are misusing social media platforms like Facebook, YouTube and Twitter to artificially boost politicians popularity and malign their rivals, with many firms claiming to be working for BJP and Narendra Modi.
He accused Jaitley of having the ability to spin "two truths or lies" with "fake self-righteousness" and "indignation to defend the indefensible".
The paper also includes musing that SARS -- which hit China in 2003 -- could have been a man-made bioweapon deliberately unleashed by "terrorists".
Ministry of home affairs and the IT ministry are planning to have a series of discussions with representatives from Facebook, WhatsApp, Twitter, and Google on issues around national security and the problem of fake news. Asking for decryption keys from WhatsApp to track conversations on the chat app is also part of the agenda.
While law-abiding customers are harassed for KYC and have to comply with endless paperwork even to open and close accounts, DHFL could easily open nearly 260,000 fake home-loan accounts, reveals Debashis Basu.
So far, there seems to be limited debate about their activities in India, where virtually all FAANG companies have teamed up in different ways with India's most powerful businessman, observes T N Ninan.
Dear Friend is for those who idealised Dil Chahta Hai all out of proportion, and then warmed up to the premise that friendship could be a lot more complicated, and transient, observes Sreehari Nair.
'Before the elections, fake news can create law and order hassles and that is the reason they want social media firms to follow the amended IT Act.'
Observing that law and order was a state subject, the home minister said the Centre cannot remain silent on the issue.
The micro-blogging platform hopes its new emphasis on governance would help differentiate it from Facebook and Instagram.
British data analytics firm Cambridge Analytica is at the centre of a controversy in India, the United States and Britain after two newspapers reported on Sunday that the company harvested personal data about Facebook users beginning in 2014. How does that matter, what does it entail and should you be worried? All these answers and more, explained right here.
The protests brought home the fact that the Sri Lankan public is in no mood for halfway measures, as voices against Rajapaksa 'family rule' and 'securitisation' of the civilian administration began sidestepping the more critical economic crisis, affecting the nation and afflicting the individual, observes Sri Lanka watcher N Sathiya Moorthy.
RM took stock of progress in production of the fighter jets whose delivery to India will begin in September next year.
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