Allegations of a particular market player being favoured over others were flying thick and fast in the early days of the scam.
Avoid thinking of investment as some 'become millionaire in a week' scheme, says Nikhil Sethi, founder and MD, Zuvomo, a crowdfunding firm. Always think of long term gains and plan your trades accordingly.
'Of the 202 debates, 79 were around attacking Pakistan and 66 attacking the Opposition and Nehru.' 'The PMC Bank scam where thousands of depositors lost their savings got just one,' points out Vanita Kohli-Khandekar.
For the first time in the history of Indian armed forces, a serving lieutenant general will face a court martial for his alleged involvement in financial irregularities. Former 33 Corps Commander Lieutenant General General P K Rath will face a court martial starting August 30 for his role in issuing a no-objection certificate to a private realtor for building an educational institution on a 70-acre piece of land adjacent to the Sukna military station in West Bengal.
Decades apart, but the drama linked to the two appears similar, says Nivedita Mookerji.
Amid slowdown blues, the government has unveiled a raft of measures over the past few months aimed at improving liquidity in the system, moderating interest rates as well as credit growth apart from addressing stress in the NBFC sector.
'For years, the RBI has been warning banks on probable frauds in bank guarantees and advised them to exercise due care.' 'PSB staffers feel their jobs are secured, hence there is no need to be vigilant and exercise financial prudence.'
'It can't be a coincidence that he and his family, uncles and all, vanished from India only days before the scam was discovered.'
Rai claimed he has been framed in the case as he has been writing against an Enforcement Directorate official who was part of the team probing the 2G spectrum allocation scam case.
It is a record that the saffron party has created, where the majority of its legislators belonged to the minority community.
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.
Here is a look at some of Aseem Chhabra's favourite memories of 2020 in Hindi cinema, performances by well-known and new actors, special moments in films and shows.
The Congress chief alleged that in the 2016 demonetisation exercise, black money became white, nobody went to jail and contrary to the BJP's promise, no one received Rs 15 lakh in their bank account.
Around 200 brokers are said to be involved in the scam; they have been summoned for questioning. Major brokerages questioned by the EoW so far include Anand Rathi, Motilal Oswal, India Infoline and Geojit Comtrade.
India Cements Managing Director and Board of Cricket Council of India President N Srinivasan, an accused in the illegal assets case involving YSR Congress leader Y S Jaganmohan Reddy, on Friday appeared before a special court in Hyderabad, along with others chargesheeted by the Central Bureau of Investigation in the high-profile case.
Plagued by allegations of financial irregularities and many other controversies, the Indian Premier League is all set for a fresh start on Saturday with a high-profile two-day auction of 350 cricketers for the cash-rich Twenty20 event's fourth edition.
Prime Minister Manmohan Singh will make himself available to the Central Bureau of Investigation in the coal-gate investigation if a formal request is made, Union minister Kamal Nath said on Sunday.
Govt went against its own recommendation of Jun 20, 2007, where along with the 2 Jindal companies, it wanted 40% coal block to go to Lanco.
A total of 254 millionaires from India have used the so-called "golden visa" to settle down in the UK through a large investment into the country since the route opened in 2008, according to a new report released by a UK-based anti-corruption charity on Monday. Spotlight on Corruption said that Indians ranked as the seventh nationality of super-rich to have availed of the Tier 1 (Investor) Visa, adding up to 254 between 2008 and 2020. China topped the list at 4,106, followed by Russia (2,526), Hong Kong (692), the United States (685), Pakistan (283) and Kazakhstan (278) ahead of India.
Documents accessed by Business Standard show owners of suspected Hong Kong-based shell companies are spread across the globe.
The Central Bureau of Investigation on Monday questioned former Indian air force Chief S P Tyagi and two others in connection with alleged irregularities in the AgustaWestland helicopter deal.
The financial fraud, one of the biggest in the state as per records, was being investigated by the different departments of Himachal Pradesh for the past over four years.
The RBI view comes within a fortnight of the sectoral regulator FMC in a report stating that the promoter Shah and promoter company Financial Technologies are not eligible to run the crippled exchange, an order challenged by the group in the Bombay High Court.
The Bad Boy Billionaires series has a lot in common: The three billionaires' hefty ambition, dangerous arrogance and untrammeled power, observes Dhruv Munjal.
'The book captures Rana Kapoor's hunger for real estate leading to bungalows in Delhi, Mumbai, London and other cities; the multiple companies -- over 100 -- to fund his family's various ventures; the attempt to game the system by showing lower non-performing assets,' notes Joydeep Ghosh.
The new Bill is a replacement of the Financial Establishments Bill, 2009, with added provisions relating to search, seizure and attachment of properties of such companies.
If credit card delinquency spells trouble, there may be questions with regard to the much bigger retail sub-categories of car and housing loans, notes T N Ninan.
What ex-IL&FS top brass got for loans? Foreign trips, private jets and chopper rides.
Mired in corruption, politics and with a history of suicides by its hapless depositors, PMC Bank's revival is a challenge very different from Yes Bank and LVB, both for the regulator and the rescuer, observes Tamal Bandyopadhyay.
It can be noted that ever since Satyam Computers scandal came out in January 2009, the audit world, especially the Big Four, have been under fire from the regulators.
Two aborted missions, three different ministers, multiple rule changes and two decades later, Indian taxpayers will no longer have to pay Rs 20 crore per day to keep the loss-making Air India flying. While opposition Congress expectedly attacked the decision as selling the family silver, DIPAM secretary Tuhin Kanta Pandey said what Tata is getting is not a cash cow but an airline which is bleeding where money needs to be pumped in to refurbish obsolete aircraft and dust up strangled ones while being unable to touch any employee for one year and only be able to resize staff after paying a VRS. "It won't be a very easy task there. Only advantage is they (new Air India owner) are paying the price which they think they can manage. "They are not taking the excessive debt accumulated to fund years of losses. We are continuing it as an ongoing concern.... This process has also saved huge amount of taxpayers money going forward," Pandey told PTI.
Demanding a probe by central regulatory agency into the financial irregularities committed by software company Satyam Computer Services, the Bharatiya Janata Party (BJP) on Friday alleged that a scam of such proportions was not possible without the support of SEBI, MCA, Planning Commission and the Andhra Pradesh government.
Property of Rs 3,500 crore belonging to the company was seized by the EOW, a police official said.
The CBI said the RJD leader is likely to get involved in political activities and misuse the grant of bail ahead of upcoming Lok Sabha polls.
Banerjee also criticised Dhankhar over his recent visit to North Bengal, claiming a conspiracy was being hatched to divide the region.
'Paying my taxes, diligently repaying my loans, following the rules, scrupulously doing things by the book, when there's this big, beautiful world of unregulated chicanery I could have indulged in for years before just flying off to greener pastures, like Lalit Modi, Vijay Mallya and Nirav Modi,' says Mitali Saran.
'One ticket costs over Rs 300. Which means a family of five pays Rs 1,500, plus the food with one bucket of popcorn at Rs 350, a samosa for Rs 150.' 'Tell me, is it worth it?' asks Subhash K Jha.
Besides 15 loan transactions to the Siva group of companies, the former directors also used unique methods to ensure the group did not get into the default list.
Former Comptroller Auditor General Vinod Rai has come out with a stinging criticism of former Prime Minister Manmohan Singh saying integrity is not just financial but intellectual and professional too and claimed that Congress leaders had sought to apply pressure on him to keep the PM's name out of audit reports.
'Around the same time, I watched Rock On!! where those guys have that midlife crisis.' 'They are busy with their corporate jobs and then they want to start singing again.' 'Seeing that, I got a boost.' 'I felt if I don't give acting a full chance again, I will regret it.' 'So I decided to quit my job and pursue acting full time.'
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