The Bombay high court on Friday upheld the tender awarded to an Adani Group firm by the Maharashtra government for the Dharavi slum redevelopment project in Mumbai, ruling there was no 'arbitrariness, unreasonableness or perversity' in the decision.
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The Enforcement Directorate (ED) has arrested Shiv Sena MP Sanjay Raut in a money laundering case linked to alleged irregularities in the redevelopment of a Mumbai 'chawl', officials said.
'Filing a nil ITR serves as a formal declaration to the tax authorities that your earnings fell below the taxable threshold in the given financial year, and you had no tax liability during that period.'
This is her second medal of Paris Paralympics and India's sixth medal in total.
The government is examining alleged financial irregularities, sources of funding and other aspects of Jet Airways, the Lok Sabha was informed on Friday.
Former captain Bhaichung Bhutia demanded the resignation of All India Football Federation president Kalyan Chaubey.
The Comptroller and Auditor General detected financial irregularities of over Rs 10,000 crore in Bihar government departments during the financial year 2012-13.
Days after the fraud allegedly masterminded by diamantaire Nirav Modi came to light, the prime minister asked the management of financial institutions as well as the supervisory bodies to do their job diligently to check such frauds.
CBI and Enforcement Directorate are probing the huge remittances to Hong Kong from the bank.
The Comptroller and Auditor General has found gross financial mismanagement and irregularities in the implementation of the National Rural Health Mission at almost every level in Uttar Pradesh.
The restrictions on Punjab and Maharashtra Cooperative (PMC) Bank has been extended for another three months till the end of March next year. Reserve Bank of India (RBI) has extended the restrictions as further action on the draft scheme for the takeover of the crisis-hit bank by the Delhi-based Unity Small Finance Bank (USFB) is in process. The central bank had prepared a draft scheme of amalgamation and the same was placed in the public domain on November 22 as part of seeking suggestions and objections, if any, from members, depositors and other creditors of PMC Bank and USFB.
'We are going to need more technical people in government.' 'You can't expect a generalist to understand the complicated world of financial engineering.' 'I regret to say that most of our politicians have no competence to deal with these things. Nor is there a willingness to learn.'
According to officials, the Union health ministry had received complaints about alleged corruption at the regional branches of the Red Cross Society in Tamil Nadu, Kerala, Assam, Karnataka and the Andaman and Nicobar Islands.
The politician, Rao Nadeem, who is also a property dealer, did not attribute any reason for selling off his property.
Karvy Computershare Pvt Ltd engaged in fraudulent activities with respect to certain initial public offerings in 2005, market regulator Sebi said.
There was speculation that he might meet the party's All India Congress Committee in-charge of Rajasthan Sukhjinder Singh Randhawa and other senior leaders, but sources close to Pilot said no meetings were fixed.
Former Indian Premiere League chief Lalit Modi, accused of financial irregularities in India, launched a scathing attack on Rahul Gandhi on Thursday and threatened to take the senior Congress leader to court in the United Kingdom over his 'Modi surname' remark.
The recent revelations of financial irregularities, as in real estate firms allegedly involved in a loan syndication bribery case and the 2G telecom licence scam, may impact credit flow.
The Delhi high court on Wednesday gave an interim stay on summons issued by the ED to former Jammu and Kashmir chief minister Mehbooba Mufti, her daughter said.
The probe pertains to alleged financial irregularities in the Congress-promoted Young Indian Private Limited, which owns the National Herald newspaper.
American Ursula Papandrea will continue to lead the sport's governing body as Acting President.
Paving the way for takeover of crisis-ridden Punjab and Maharashtra Cooperative Bank (PMC), the Reserve Bank of India on Friday granted in-principle approval to the Centrum Financial Services to set up a small finance bank. Centrum Financial Services was one of the applicants for takeover of the PMC Bank. "This 'in-principle' approval has been accorded in specific pursuance to the Centrum Financial Services Limited's offer dated February 1, 2021, in response to the expression of interest notification (November 3, 2020) published by the PMC Bank Ltd," the RBI said in a statement.
The central probe agency that began action against the banker by raiding his upscale residence in south Mumbai on Friday is primarily investigating Kapoor, his wife and three daughters over a Rs 600 crore fund received by a firm allegedly "controlled" by them from an entity linked to the scam-hit Dewan Housing Finance Limited.
IPL Twenty20 cricket tournament should be banned if malpractices and irregularities in it cannot be controlled, West Bengal Sports Minister Kanti Ganguly said on Wednesday.
In March, Adidas had announced top level management change and appointed Germans on the top positions.
Arvind Kejriwal on Sunday alleged that the Uttar Pradesh government was colluding with Salman Khurshid to bail the Law Minister out of the allegations of financial irregularities in an Non-Governmental Organisation run by him and his wife.
Says company yet to file audited accounts, without which it can't proceed.
The Assam unit of the Bharatiya Janata Party has lodged a First Information Report with Assam police against Enamul Haque Laskar a Congress legislator, and former minister Nurjamal Sarkar for their alleged involvement in financial irregularity involving Rs 270 crore in the state Irrigation Department.
Senior officers of the Central Bureau of Investigation looking into the financial irregularities of the Commonwealth Games told rediff.com that they had enough evidence to prosecute Suresh Kalmadi, the sacked chairman of the Commonwealth Organising Committee.
Hindenburg Research has alleged that Adani Group was "engaged in a brazen stock manipulation and accounting fraud", a charge the conglomerate described as malicious, unsubstantiated, one-sided, and having done with malafide intention to ruin its share-sale.
What stood out in his 15-year journey as a member of the political executive at the Centre was his glowing record as India's most successful and effective finance minister. Both as prime minister and finance minister, he understood the importance of gradualism, except when the economy or the polity was in a crisis.
From working in a garment factory, selling bread, and driving an autorickshaw, the 24-year-old fast bowler's path to representing domestic giants Mumbai was anything but easy.
Seven out of the 10 listed firms of Adani group have received show cause notices from the Securities and Exchange Board of India (Sebi) for alleged violation of related party transactions and non-compliance with listing regulations, the companies said in their regulatory filings to the stock exchanges. While group's flagship Adani Enterprises Ltd, renewable energy firm Adani Green Energy Ltd (AGEL) and city gas distributor Adani Total Gas Ltd said Sebi sent notices of their parent or holding company controlled by conglomerate's chairman Gautam Adani, ports company Adani Ports & Special Economic Zone, Adani Power, electricity transmission firm Adani Energy Solutions, and commodities firm Adani Wilmar said they have received Sebi notices.
Commonwealth Organising Committee chief Suresh Kalamdi was on Wednesday questioned by the CBI in connection with alleged financial irregularities in the conduct of the sports event.
Corporate Affairs Secretary Naved Masood said SFIO is finalising the report on Reebok.
The party plans to take out a march to the ED office on APJ Abdul Kalam Road in a show of support for Gandhi when he appears before the agency.
NEET is a court-ordered examination, supposedly aimed at meritocracy. However, over the past years when the incumbent Narendra Modi government at the Centre began implementing it, it took on political and casteist colours, observes N Sathiya Moorthy.
According to the Central Bureau of Investigation, Gutte is one of the directors of Gangakhed Sugar and Energy Limited.
Alleging financial irregularities in RCA, the convener of the BJP Rajasthan unit's sports cell, Brij Kishore Upadhyaya has demanded formation of an adhoc body to manage the daily affairs of the state cricket association.
