Radhakishan Damani is the only billionaire to see his wealth grow by around 20% during the lockdown.
Officials said the agency had issued a notice to Karti to present himself in person or through an authorised representative and submit personal financial documents and those related to a firm this week.
Economic Offences wing of Mumbai Police, which is probing the case, told the court that the investigating agency intended to file chargesheet against Shah and others on or before August 4.
Parliament on Wednesday saw a washout as the Opposition aggressively pressed for ouster of Sushma Swaraj, Vasundhara Raje and Shivraj Singh Chouhan, rejecting the government's offer for a debate.
'Tinkering will not do. Merely staggering spectrum dues comes nowhere near solving the problem,' cautions Rahul Khullar.
The possibility of the slowdown affecting more players is greater if the industry doesn't get access to easier finance in the next six to eight months.
One incident should not be used to generalise the health of all cooperative banks, says RBI governor Shaktikanta Das.
He said while the previous UPA government hid the bad loans, his government has properly recognised them and brought tough laws to deal with defaults and recovery money.
The MPs went right up to the entrance of South Block, but were stopped at the first check point.
If at all it was some great strategy, the delay has only helped the person they eventually arrested.
CBI officials, who questioned former RBI deputy governor H R Khan on Friday, wanted to understand from him why the gold scheme was rushed through without taking into the account the impact and potential misuse.
Aavas is turning heads in the country's mortgage financing space because it selected to do business in a different way, says Mudar Patherya.
The accused -- Lemos, his wife Valany and Ryan D'Souza -- were convicted on Sunday by the Dubai Misdemeanours Court in the 515 cases filed against them
'The failures of private businessmen have set back the process of market-oriented reform, though that is the only way forward,' argues T N Ninan.
For the past 10 years or more, the RBI has been turning down dozens of applications under the RTI Act that sought disclosing the list of wilful defaulters and the RBI's inspection reports. In fact, it is the only organisation that has a granular and complete view of the heist that has been going on for 25 years at least. But it has escaped any blame for the multiple rounds of bankruptcy and massive periodic recapitalisation of public sector banks caused by bad loans. In fact, they don't want anyone to know how incompetent and collusive they have been in handling bad loans, says Debashis Basu.
The Jalan panel has recommended to the RBI to keep shady entities out of banking licence race.
'NiMo having skipped, the next best bet is a high-profile banker.' 'Ms Usha happens to be in the wrong place at the wrong time.' 'Ms Usha's crime? That's as thin as it gets.'
A special court denied Christian Michel bail in the related Central Bureau of Investigation case.
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According to the report, there are 42 million cyber crime victims every year on a pan-India basis. During the last year, 52 per cent of such victims had suffered attacks such as malware, viruses, hacking, scams, fraud and theft.
For a little over two weeks, a group called 'Guardians of Peace' released a new bit of leaked information about Sony almost every day.
Cracking the whip on the Indian Olympic Association (IOA), the Sports Ministry on Friday suspended the Olympic body till the time it reverses the decision to appoint the scam tainted duo of Suresh Kalmadi and Abhay Singh Chautala its Life Presidents.
Patnaik's image of a "clean and honest" politician is widely regarded as the reason why he was able to withstand a spirited challenge thrown by the Bharatiya Janata Party, analysts say of perhaps the lone regional satrap who cannot even properly speak the language of his native state.
The ministry had on Friday decided to replace Chatterjee as joint secretary and acquisition manager (Air), in-charge of handling the chopper deal, which is facing cancellation in view of bribery allegations, and the multi-billion dollar 126 combat aircraft deal of the Air Force.
'Last year, Rs 20,000 crore was ripped off from the banking system.' 'The situation has deteriorated under the Modi government.'
The regional manager of Maharashtra State Road Transport Corporation, Capt V V Ratnaparkhi, has been suspended for his alleged involvement in a recruitment scam, financial irregularities and misuse of official vehicles.
Chidambaram questioned the Narendra Modi government whether its demonetisation decision was designed to convert black money into white.
The decision came after a storm was kicked up by the ruling party members on Thomas' statement earlier this week that the PAC can call the PM to depose on the note ban issue.
The investors write to new finance minister; say refunds, not arrests, their priority.
A more informed electorate, rather than the Lokpal, can fight corruption better, argues Neeta Kolhatkar.
The banking, financial services and insurance sector was the most targeted by scamsters, says Indeevar Krishna, head, operations and customer service, Max Life Insurance
Prabhat K Goyal, CFO, Network Associates, faces criminal charges for an accounting scam that duped investors by inflating the company's sales figures.
The CA insitute had asked the SFIO numerous times for details against the auditor, but it has not been furnished till now
Currently the currency in stock is about Rs 2 lakh crore and the reserves are adequate to meet any unusual spurt in demand
Phishing means sending an e-mail that falsely claims to be from a particular enterprise (like your bank) and asking for sensitive financial information.
The probe pertains to firms identified as Advantage Strategic Consulting Private Limited and Chess Global Advisory Services Pvt Ltd, where Karti had been a director
As much as stock selection is a systematic and an extremely essential aspect to equity investing, so is choosing the right broker.
Charges against Raju and others include criminal conspiracy and forgery.
The protesters started marching towards the PM's residence shouting slogans and holding anti-government placards.
The measures needed for implementing this new system would start rolling in few weeks, the minister added.
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