Suspended Organising Committee Joint Director General T S Darbari claims he is not involved in the Queen's Baton Relay financial irregularities case and has become a victim of media campaign.
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.
Ramkrishna is in the news after a recent Sebi order said she was steered by a yogi, dwelling in the Himalayan ranges, in the appointment of Anand Subramanian as the exchange's group operating officer and advisor to the managing director (MD).
India on Friday described a United States State Department report citing alleged incidents of human rights violations including in Manipur as 'deeply biased' and said it reflects a poor understanding of India and it attach no value to it.
Malaga will be free to compete in the Europa League next season after UEFA announced on Wednesday that the European ban imposed on the Spanish club had been lifted.
The Enforcement Directorate has summoned Dravida Munnetra Kazhagam MP Kanimozhi later this week in connection with its probe into alleged financial irregularities in the 2G spectrum allocation case.
The Income Tax department has declined to share details of probe being carried out in Rs 5,600 crore (Rs 56 billion) payment default by National Spot Exchange Limited (NSEL) saying it would "hamper the process of investigation or apprehension of offenders".
The Board of Control for Cricket in India (BCCI) is set to file a criminal case against suspended Indian Premier League (IPL) chairman Lalit Modi, reports said on Friday.
Former Department of Economic Affairs Secretary E A S Sarma on Friday claimed that the regulatory agencies, including SEBI, had ignored his warnings about the financial irregularities committed by Satyam.
The Commonwealth Games Federation has slammed the Shunglu Committee report on the alleged financial irregularities in the conduct of last year's Commonwealth Games, saying its statements on the CGF's role are 'inaccurate and unsubstantiated' and lack context.
Infosys is an ethical company with solid processes that respects its customers and this is not going to affect their business, he added.
The Board of Control for Cricket in India on Monday told the Supreme Court that former Indian Premier League chief Lalit Modi is a clear winner of the Rajasthan Cricket Association elections, but requested it to refrain from making the results official till March 4.
The DDCA issue is likely to create ruckus in Parliament on Monday with parties looking to target Finance Minister Arun Jaitley as he is "practically the number two in the government".
The auditors also said that the company is in the process of monetising its assets and has submitted a draft resolution plan to the consortium of bankers for restructuring its borrowings and also there have been discussions for stake sale by the promoters to a strategic partner with further equity infusion.
Congress president Sonia Gandhi has sought more time from the Enforcement Directorate to appear before it as she is still suffering from Covid, party sources said on Tuesday.
'The Railways decided to go for kavach three years back, but the progress has been very slow.'
The BCCI's disciplinary committee, probing charges of alleged financial irregularities against suspended IPL Commissioner Lalit Modi, will submit its report by early October.
The case was registered recently to probe alleged financial irregularities in the party-promoted Young Indian that owns the National Herald newspaper.
Addressing his party workers in Nagpur, the home turf of Fadnavis, Thackeray on Monday said the BJP leader, his former ally, was a taint on the city as he had aligned with a section of the Nationalist Congress Party despite asserting that he would never do so.
T S Vijayan makes a strong comeback man.
Rediff.com takes a look at some godmen who have attracted controversy in recent times.
Industry experts feel strengthening the regulatory regime through the proposed laws is the first step towards a modern corporate law.
The ED probe pertains to alleged financial irregularities in the redevelopment of Patra Chawl, a tenement, and related financial transactions involving his wife and associates.
Former Bharatiya Janata Party president Nitin Gadkari, who was given a rousing reception on his arrival in Nagpur on Thursday, described the charges against him as a conspiracy by the Congress-led United Progressive Alliance government, and threatened to sort out the income tax officials involved in conducting raids on his firms.
The Central Bureau of Investigation has registered three separate cases against senior officials of Northern Coalfields Limited, a mini-ratna company and a major subsidiary of the Coal India Limited at Singrauli, in connection with alleged corruption cases related to procurement of mining equipment and financial irregularities.
The Enforcement Directorate (ED) has asked Congress president Sonia Gandhi to depose before it on July 21 for questioning in the National Herald newspaper-linked money-laundering case, officials said on Monday.
The Andhra police have arrested two Price Waterhouse auditors- Gopalakrishna and T Srinivas- in connection with the financial irregularities case with Satyam Computer Services Ltd.
Rajasthan Chief Minister Ashok Gehlot on Wednesday said the accused in the Kanhaiya Lal killing case in Udaipur were 'linked' to the Bharatiya Janata Party and should have been 'hanged by now' but the investigation by the National Investigation Agency was not progressing as it should.
The message is clear: The 60-year-old wise uncles need to handhold the 40-year-old entrepreneurs when, obsessed with ambition and greed for growth, they become a victim of hubris, points out Tamal Bandyopadhyay.
Senior BJP leader Yashwant Sinha on Thursday said that the controversy-ridden Indian Premier League is nothing but a den for gambling where a lot of black money is involved.
The death toll of Indians killed in the massive fire in Kuwait has risen to 46 with one more person succumbing to injuries as authorities said that an electrical short circuit in the room of the guard on the ground floor of the building caused the blaze that killed 50 people.
Activists of India Against Corruption and a journalist were allegedly manhandled in Farukkhabad by some persons on Thursday when they were conducting a survey regarding allegations of financial irregularities in a trust run by Union Law Minister Salman Khurshid.
Arvind Kejriwal along with disabled people on Friday marched towards the prime minister's residence demanding dismissal of Law Minister Salman Khurshid and his arrest following allegations by India Against Corruption of financial irregularities in a trust run by him.
In further trouble for the chit fund scam-hit Saradha group of Kolkata, the Enforcement Directorate has registered a money laundering case to probe the allegations of financial irregularities by numerous depositors against it.
Lalit Modi is not solely responsible for the mess that the IPL finds itself in and the Governing Council should also be held responsible for the financial scandal that has rocked the event, former chief selector Dilip Vengsarkar said on Tuesday.
The Reserve Bank on Friday extended the regulatory restrictions on Punjab and Maharashtra Cooperative (PMC) Bank by another six months till December 2021 to enable the completion of its takeover by Centrum Financial Services. Paving the way for takeover of the crisis-ridden bank, the RBI had earlier in the month granted in-principle approval to Centrum Financial Services to set up a small finance bank (SFB). "Taking into account the time required for completion of various activities involved in the process...the validity of the ...Directive dated September 23, 2019, as modified from time to time, has been extended for a further period from July 1, 2021 to December 31, 2021, subject to review," the RBI said in a notification.
The Enforcement Directorate on Wednesday submitted before a full bench of Allahabad high court its inquiry report on allegations of money laundering against Rajya Sabha MP Amar Singh.
Other than promising several sops to Muslims in Uttar Pradesh, SP chief Mulayam Singh Yadav also declared that he would set up a high-level commission to investigate "financial irregularities" by the Mayawati government. Sharat Pradhan reports.
The 75-year-old Congress president, who was supposed to depose before the agency on Thursday, wrote a letter seeking more time on the grounds that the doctors had 'strictly advised her to rest at home following her hospitalisation on account of Covid and lung infection'.
Irani said the show of strength by the Congress is aimed at putting pressure on the probe agency, and asserted that nobody is above the law "even Rahul Gandhi".
