In all this, the political establishment -- and especially the finance ministry -- appears the weakest link, and worse still, the possible reason for the political backing to Narain and Ramkrishna that emboldened them to defy all the sentinels -- the independent board, the auditors, top management persons like the chief compliance officer, the company secretary, and unbelievably the super-regulator Sebi, observes V Ranganathan.
After oscillating over 486 points, the 30-share Sensex settled 38.44 points, or 0.10 per cent, lower at 39,020.39. It hit an intra-day low of 38,840.76 and a high of 39,327.15.
The Central Bureau of Investigation on Friday told the Supreme Court that 15 accused, including Chidambaram, his son Karti and some companies have been chargesheeted in the case.
The ED has attached seven sugar mills worth over Rs 1,097 crore in a money laundering case against former Uttar Pradesh BSP MLC Mohammed Iqbal and his family, officials said.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
If raters get away by moving from AAA to D overnight after companies default, as happened with DHFL, YES Bank, RCom, and IL&FS, it shows a complete breakdown in the rating system. It calls for exemplary punishment, not kid glove treatment, says Debashis Basu.
The SC set aside the 2011 verdict of the Kerala high court which had directed the state to set up a trust to take control of management and assets of the historic Sree Padmanabhaswamy Temple.
Last month, Sunil Jaglan launched the "selfie with daughter campaign", asking parents from all across the country to send in selfies clicked with their daughters. Much to Jaglan's astonishment, his selfie initiative found mention in Modi's Mann Ki Baat radio address. his phone hasn't stopped ringing ever since
The Board of Control for Cricket in India (BCCI) on Friday condoled the death of Jaywant Lele, the diminutive former BCCI secretary during whose tenure the match-fixing scandal broke out in 2000, and who passed away at his residence in Vadodara following a massive heart attack.
Sebi said Thapar-promoted and -related entities owed Rs 1,723.19 crore as receivables to the company, while connected parties owed another Rs 462.74 crore.
National Spot Exchange Limited, promoted by Jignesh Shah-led Financial Technologies, is facing payment crisis of Rs 5,600 crore (Rs 56 billion).
The court said that the offence of defamation was bailable and granted bail to Kejriwal on furnishing a personal bond of Rs 10,000 and a surety of the like amount.
A senior official said CBDT has inputs that a number of these companies possibly indulged in tax crimes and once this is established, the department will initiate action against them for indulging in money laundering and tax evasion.
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'.
The ED has summoned Raj in a case pertaining to alleged irregularities related to Infrastructure Leasing and Financial Services loan to Kohinoor CTNL.
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.
'The government failed. The officials chose not to hear the pleas of these helpless children.' 'Nothing can make things right for those girls now.'
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.
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 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
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.
"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.
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.
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.
Suspended Indian Premier League chief Lalit Modi has been banned for life by the Board of Control for Cricket in India on Wednesday.
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.
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.
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.
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.
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.
Before inserting your card, always check for any signs of tampering on the ATM machine, warns Aditya Shankar.
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.
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