The Enforcement Directorate (ED) has filed a money-laundering case against renowned cardiologist Dr Naresh Trehan and others in connection with allotment of land for the Medanta Hospital in Gurgaon, officials said on Wednesday.
Shares of Indiabulls Real Estate fell by over 12 per cent, Indiabulls Financial Services by 11 per cent, Indiabulls Power Ltd by 11.8 per cent and Indiabulls securities by about five per cent.
'The recalculated ranking showed India should have had a higher ranking earlier (113 in 2012 instead of 132) and lower ranking later (114 in 2018 instead of 100).' 'This would mean that there has been no change in India's climate of doing business across two regimes.' 'This is exactly consistent with the reality on the ground,' observes Debashis Basu.
Uttar Pradesh Chief Minister Akhilesh Yadav has claimed that an alleged financial fraud to the tune of Rs 40,000 crore could emerge in the installation of statues of elephants and memorials by the previous Mayawati government in the state. Akhilesh made the claim a day after a search was carried out by the police at the office of Rajkiya Nirman Nigam in Gomti Nagar for alleged irregularities in erection of statues of elephants at parks in Lucknow and Noida.
The controversy over Sant Rampal and his army of followers taking the law into their hands has once again thrown the spotlight on the clout that India's godmen possess.
WFI is concerned that the good reputation built over the years with stupendous international performances has been ruined.
Use of blockchain technology will ensure that banks will not be blindsided like in the case of the Nirav Modi-Mehul Choksi blowout at PNB, says Raghu Mohan.
MCX-SX on Friday said the rights issue would now close on April 17.
Indian business, on quite a different trajectory from its global counterpart, remains relatively insulated from any kind of backlash.
'It is our right to protest and draw the attention of this government, which is sleeping and appears blind, as it has failed to see the pain and struggle of the jobless youth.'
Summons have been issued to some new telecom firms asking for financial records and documents, according to official sources. However, the names of the companies could not be ascertained.
BJP MP Kirti Azad on Sunday alleged that lots of companies were given crores of rupees by the DDCA and contracts were given out to fraud companies without any verification.
Past experience shows loan waivers benefited only 30% of India's farmers; here again, the richer cultivator skimmed the cream, leaving very little for his poorer brethren.
The Income Tax department probing alleged irregularities in the funding and bidding of Indian Premier League franchisees has received reports relating to expenses incurred by franchisees in South Africa where the second edition of the T20 tournament took place last year.
Reserve Bank carried out the investigation and noted the deficiencies which were reflective of weaknesses and failures in internal control mechanisms
In the broader market, BSE midcap and BSE smallcap indices underperformed the larger counterparts and ended flat with a negative bias.
The latest row -- termed as independent India's largest financial scam -- is centered on the allocation of scare 2G spectrum at throwaway prices.
Official sources said the investigating officer of the case put across to him at least half-a-dozen statements of his alleged aides which form a purported "link" between him, absconding arms dealer Sanjay Bhandari, Bhandari's associates and others.
Leading exchange BSE on Wednesday asked Infosys to explain why it did not make a disclosure about a whistleblower complaint which alleged that the company's top executives were following "unethical practices" to shore up profits through irregular accounting ways.
ED and Directorate of Revenue Intelligence have detected a significant increase in the outflow of Indian money, specifically into four countries --Thailand, Dubai, Singapore and Hong Kong.
'Earlier I'd send money back home.' 'Now I've to take from them.' 'I'm completely heartbroken, scared for what the future holds.'
The party said that the Delhi cricket body had become a den of corruption during Jaitley's 13-year rule.
The Defence Ministry on Saturday said it would probe allegations of the Army spending Rs 1.17 crore on golf carts from special funds. Referring to the Comptroller and Auditor General slamming chiefs of the Army's Northern and Western Commands for alleged misuse of special financial powers during April 2002 and August 2007, Minister of State for Defence M M Pallam Raju said that "irregularities, if any, will be addressed."
This comes in the wake of allegations of financial irregularities by the erstwhile management led by Harish Moolchandani.
Calling Jaitley a "master of half truth and beautiful lies", AAP leader Ashutosh made certain fresh allegations against the finance minister and said his comments that there was no specific charges against him was "misleading".
The probe into selections for banks such as Bank of Baroda and Canara Bank followed the arrest of Syndicate Bank CMD S K Jain for alleged graft.
The MNS has convened a meeting of party office-bearers on Tuesday in Mumbai to discuss the issue.
Gandhi on Friday chaired his first CWC meeting after being elected as the party chief.
Senior BCCI members feel that the "decision to buckle under government pressure" may lead to the Board losing its autonomy despite being financially independent.
The court decided the bail petition on three grounds -- flight risk, tampering with evidence and influencing witnesses.
Court documents show that the Kerala government, whose case was treated as the 'lead case' among all the petitions filed against Adani, made four allegations to convince the court to cancel the contract for the Thiruvanathapuram airport. The state's legal team couldn't substantiate most of these allegations with documentary proof and its self-defeating arguments in court failed to convince the judges to cancel the contract given to Adani. The battle for the Thiruvananthapuram airport between the Communist-led Kerala government, the Adani group and the Modi government over the past year hasn't had a dull moment since the proceedings began. Claims of a smoking gun turned out to be a damp squib, says Sai Manish.
'The major worry for everyone using Internet-linked devices today is whether the latest download on his smartphone or laptop is a bait from a digital hacker who is out to secure access to his hard-earned money,' notes T A Ramalingam, chief technical officer, Bajaj Allianz General Insurance.
'In plain simple English, these practices amount to a looting of our country's future by some in the business community, in cahoots with some lenders,' says RBI Governor Dr Urjit R Patel.
Without disclosing reasons, ICRA informed the stock exchanges on Thursday, 'The board, after due consideration and taking into account the best interests of the company and its various stakeholders, has decided to terminate the employment of Takkar with immediate effect.'
India had given a formal extradition request for Mallya as per the Extradition Treaty between India and the UK through a note verbale on February 8
Union Finance Minister Arun Jaitley on Monday filed civil defamation suit in the Delhi high court against Chief Minister Arvind Kejriwal and Aam Aadmi Party leaders, amid a raging row over irregularities in the Delhi and District Cricket Association and allegations of corruption against him by the Delhi government.
Outright fear and lack of awareness can harm your CIBIL score
Equity investments in 82 public sector enterprises have been completely eroded due to accumulated losses, an audit of financial statements conducted by the Comptroller and Auditor General of India revealed.
As per the award, Infosys is required to pay Bansal the outstanding severance amount of Rs 12.17 crore, with interest
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances