Sectorally, BSE metal, basic materials, energy, realty, power, oil and gas, finance, FMCG, bankex and telecom indices fell up to 1.71 per cent.
The arrests were made on a complaint of a woman who claimed to have incurred loss through the network.
Former IPL Commissioner Lalit Modi has hit out at the Board of Control for Cricket in India (BCCI) and it's Disciplinary Committee.
Former India captains Bishan Singh Bedi and Anil Kumble along with yesteryear's great Mohinder Amarnath had deposed before the Justice Lodha Committee as they prepare an exhaustive report on the restructuring and reforms that need to be carried by the BCCI.
The suspended IPL chairman and commissioner Lalit Modi has moved the Supreme Court for a stay of the BCCI special meet.
Irregular rainfall and a pick-up in commodity costs are expected to weigh on the demand and margins of fast-moving consumer goods (FMCG) companies. Most companies reported a sharp expansion in gross margins in the April-June quarter (first quarter, or Q1) of 2023-24 (FY24), given the lower prices of key raw materials and earlier price hikes. Furthermore, there were expectations that cost savings being passed on could reflect in volume growth going forward. However, these hopes could be dashed if demand recovery, especially in the rural segment, stalls, and gains on the raw material front start to recede.
Ekka, who is embroiled in the controversy for allegedly signing official documents at a private place, was removed from the post following Bharatiya Janata Party's allegation of his conniving with middlemen.
'Use this money to build an emergency fund if you do not have one.'
Visva Bharati Vice Chancellor Sushanta Dattagupta, facing charges of administrative and financial irregularities, has emailed his resignation to President Pranab Mukherjee.
The ED case of money laundering in the excise policy stems from a CBI FIR in which Delhi Deputy Chief Minister Manish Sisodia and some bureaucrats have been named as accused. The excise policy has been rolled back now.
'Nitish Kumar is fooling the people of Bihar.' 'He will not probe anything because if he does so, he will be trapped himself.'
The Enforcement Directorate arrested Yes Bank founder Rana Kapoor under money-laundering charges in Mumbai in the early hours of Sunday, officials said. The banker was held under the provision of the Prevention of Money Laundering Act (PMLA) around 3 am as he was allegedly not cooperating in the probe, they said.
The probe agency has found that the company's vast network of sales agents across the globe was not independent of Jet Airways and several of these entities were linked to its founder, Naresh Goyal.
With the Delhi high court allowing the Board of Control for Cricket in India to conduct its Special General Meeting (SGM) in Chennai on Wednesday, the decks are cleared for the Board to impose a possible life ban on former IPL chairman Lalit Modi for alleged financial irregularities while being at the helm of the cash-rich league from 2008-2010.
With the latest relaxation on withdrawal, more than 84 per cent of the depositors of the bank will be able to withdraw their entire account balance, the RBI said.
The Enforcement Directorate (ED) may initiate a money laundering investigation over the framing and execution of the Aam Aadmi Party government's excise policy, official sources said on Friday after the Central Bureau of Investigation raided Delhi Deputy Chief Minister Manish Sisodia and others in the matter.
CBDT stated the searches were on a group based at Chennai and Tiruchirappalli, strictly in line with the Income Tax Act
the three investors that have submitted their final bids are not commercial banks. Among the three, one is a non-banking financial company. Another distinctive feature of the revival is that PMC may lose its cooperative bank characteristic after its reconstruction.
Tax exemption for donations to Greenpeace may be withdrawn.
Kaushar Imam Siddique alias Laddan, 47, a resident of Jogabai Extension, was wanted in a case of Arms Act registered against him after a country-made pistol and three live rounds were found in his premises, they said.
Financially-stricken Parma have been hit with a further two-point penalty for failing to pay players' salaries the Italian Football Federation (FIGC) have announced.
The AAP leader took to Twitter to take a dig at BJP over DDCA row and defamation case, saying, "BJP almost begging me for an apology, won't oblige them. Let @arunjaitley be cross-examined in defamation cases."
The federation's troubles have piled up in recent months, with some of its officials and senior coaches having found themselves embroiled in doping scandals.
The report has identified 29 instances where it appears that the loans disbursed to borrowers were in turn utilised by their group companies to repay the existing debt obligations with IL&FS Financial Services Limited.
A bench of Justices Sanjiv Khanna and SVN Bhatti, which reserved its verdict on two separate regular bail pleas of Sisodia in the corruption and money laundering cases, told the ED it cannot go by the assumption of bribe having been paid, and whatever protection an accused enjoys under law needs to be granted.
IT major Infosys on Tuesday showed the door to Abraham Mathews, CFO of its BPO subsidiary, for not complying with the code of conduct, while CEO Gautam Thakkar has resigned taking responsibility on moral grounds.
According to one of the Kochi team co-owners, Modi had driven them to 'madness'.
His assertion came after BJP general secretary Ramlal called him earlier in the day for a meeting, apparently to persuade him against attacking Jaitley.
The initial public offering (IPO) market has seen some momentum of late with robust responses to recent issues. However, only some have been able to ride the wave. So far in 2023, 23 companies have let their approval granted by the markets regulator - the Securities and Exchange Board of India (Sebi) - lapse.
In an explicable move, two joint secretaries of Delhi & Districts Cricket Association (DDCA) have a written a letter to BCCI president Anurag Thakur seeking "expulsion of seven directors" including former Test opener Chetan Chauhan for supporting Lodha Panel reforms.
Singh was under investigation by the federal agency as part of the case lodged under the Prevention of Money Laundering Act (PMLA) against an educational trust run by his wife and former legislator Kanta Andotra, they said.
"Yeh sab doglapan hai." With these words, Ashneer Grover not only called out an entrepreneur being hypocritical, but also shot to fame as a reality television star. It happened in the first few days of January, when the funded part of the start-up world needed some warm-up to get back to work, and inevitably Grover's antics on the show became a talking point. The Twitterati also debated whether it was unbecoming of a founder to diss a peer's business model with such abrasion. And hundreds of memes, with the dialogue set in various circumstances, flooded social media.
The HC said if such remarks were made on instructions of Kejriwal, then he should 'first step into the box'.
Soon after being discharged, Mishra said he would go to the offices of the Central Bureau of Investigation and the Central Board of Direct Taxes to lodge complaints against Chief Minister Arvind Kejriwal whom he had accused of corruption.
Sebi's surveillance department has red-flagged unusual trading patterns in some stocks. Shares of some companies were seen going up ahead of a sharp sell-off.
The Aditya Birla group has taken The Indian Express Ltd, publishers of the Indian Express newspaper, to court.
This case revolves around the establishment of clusters of Centers of Excellence (CoEs) in the state of Andhra Pradesh, with a total estimated project value of Rs 3,300 crores.
The Enforcement Directorate on Friday launched fresh raids in connection with its money laundering investigation into alleged irregularities in the now-scrapped Delhi excise policy, official sources said.
Inching closer to resolving the Punjab and Maharashtra Cooperative (PMC) Bank issue, the Reserve Bank on Monday came out with a draft scheme for takeover of the crisis-hit bank by the Delhi-based Unity Small Finance Bank (USFB). The draft scheme of amalgamation envisages takeover of the assets and liabilities of PMC Bank, including deposits, by USFB, thus giving a greater degree of protection for the depositors, the RBI said. In September 2019, the RBI had superseded the board of PMC Bank and placed it under regulatory restrictions, including cap on withdrawals by its customers, after detection of certain financial irregularities, hiding and misreporting of loans given to real estate developer HDIL.
This is the fifth increase in withdrawal limit since the bank was placed under its direct control with an administrator on September 23. Since then as many as nine depositors have lost their lives including a 74-year-old man from Thane on Monday.
