The ED has summoned Raj in a case pertaining to alleged irregularities related to Infrastructure Leasing and Financial Services loan to Kohinoor CTNL.
The CVC had asked the CBI to probe the 'irregularities in the tendering process and award of contract and undue benefit caused to the SAP/IBM'.
Stick to low-cost ULIPs launched in the past few years. Go with an insurer with a good investment team and solid track record of long-term returns, suggests Sanjay Kumar Singh.
Vijay Mallya who inherited the UB Group from his father as a young 28-year-old, said he has got "nothing to prove".
In a strong show of support for Arun Jaitley, Prime Minister Narendra Modi on Tuesday said the finance minister will come through "with flying colours" against charges of corruption levelled against him by the opposition in the same way L K Advani did in the Hawala case.
Do not go for riskier options like co-operative bank only for the higher return. Even if you go for them, park only a small portion of your capital there, say Tinesh Bhasin and Sanjay Kumar Singh.
'The government failed. The officials chose not to hear the pleas of these helpless children.' 'Nothing can make things right for those girls now.'
The reason for both the officials being sent on leave is the same - an anonymous complaint received by the market regulator against the agency.
In all, 292 allegedly fraudulent LoUs and 224 foreign letters of credit were generated and money sanctioned to Nirav Modi's companies since 2011
He has been politically inactive of late, particularly since the abrogation of Article 370 in August last year which had far-reaching consequences for the erstwhile state of Jammu and Kashmir. He has been politically inactive of late, particularly since the abrogation of Article 370 in August last year which had far-reaching consequences for the erstwhile state of Jammu and Kashmir.
Former coal secretary H C Gupta and six others were on Tuesday granted bail by a special court New Delhi in connection with a case related to alleged irregularities in the allocation of a Chhattisgarh-based coal block to SKS Ispat and Power Ltd. All the seven accused persons were granted the bail on a personal bond of Rs 1 lakh and one surety of a like amount.
'Under Modi Ji's 'Jan Dhan Loot Yojana', another scam!' he tweeted.
The department apparently suspects the use of shell firms or front entities in some aspects of such remittance. Money might, it suspects, have moved in some cases from tax-free jurisdictions or tax havens to accounts in the UAE and some South Asian countries.
The Centre also overruled financial advisers' recommendations for making payments through an escrow account, an important safeguard in the absence of a sovereign or bank guarantee, The Hindu has reported.
"It feels good to be praised," says Jaglan, the man who came up with the campaign.
Ramesh released some fresh documents including one of 1949 which showed that the Dholpur Palace was owned by the Rajasthan government.
All four societies were under common management of the Sahara group and had collectively garnered Rs 86,673 crore, including more than Rs 47,000 crore collected by Sahara Credit Cooperative Society Ltd from nearly 4 crore depositors.
The one-member commission of inquiry under former solicitor general Gopal Subramanium will probe the alleged irregularities in DDCA.
According to the report in the Financial Times, the bank tried immediately to repatriate the dealer, S Kapoor, to India against his wishes after it was confirmed that he had informed the UK Financial Services Authority about alleged irregularities.
Suspended Indian Premier League chief Lalit Modi has been banned for life by the Board of Control for Cricket in India on Wednesday.
Ace shooter Abhinav Bindra refused to react to the personal attack launched against him by Indian Olympic Association (IOA) president Abhey Singh Chautala, saying the remarks made by the suspended body's chief do not deserve a rebuttal.
Last year, Reebok India had filed an FIR alleging Rs 870 crore fraud by its former MD.
Issuing guidelines for enhanced disclosures by CRAs, the watchdog has called for having a uniform Standard Operating Procedure in respect of tracking and timely recognition of default.
Infosys said it is also "aware of a securities class action lawsuit" that has been filed against the company in a federal court in the US, based on the generalised allegations in the anonymous complaints. The company intends to defend itself vigorously in such a lawsuit.
Before inserting your card, always check for any signs of tampering on the ATM machine, warns Aditya Shankar.
News of all that's transpired on and off the football field
The Central Bureau of Investigation on Monday questioned Arvind Jayaswal, director AMR Iron and Steel Private Limited, in connection with alleged irregularities in allocation of Bander coal block in Maharashtra to the company.
Sebi pointed out instances of misleading the investors by reporting incorrect data on investor complaints, instances of inappropriate utilisation of funds meant for investor education, such as spending on programmes meant for financial advisors, charging of expenses to the said funds for stationery items such as notebooks, planners and calendars, and charging of expenses without adequate records.
Don't worry about volatile, erratic cash flows, freelancers. Vishal Dhawan explains how you can invest and achieve your financial goals despite irregular income.
Government has declined to disclose details of follow-up action on the Shunglu Committee report on large scale financial and managerial irregularities in Commonwealth Games related projects.
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 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.
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.
'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.
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.
WFI is concerned that the good reputation built over the years with stupendous international performances has been ruined.
Indian business, on quite a different trajectory from its global counterpart, remains relatively insulated from any kind of backlash.
