A user just needs to download any app floated by such fraudsters and apply for instant loans. These apps are mainly concentrated on Google Play considering the reach and popularity of Android systems.
RBI seeks detailed report on what happened between 2011 and now; bankers to recall loans to Nirav Modi entities.
Illustrious international thinkers met at the Milken Institute Global Conference 2021 and many discussions addressed the impact of the COVID-19 pandemic on the world at large.
Sixty-eight paintings that once belonged to fugitive diamond merchant Nirav Modi will go under the hammer next week.
A person who has Covid but also has another disease can be classified as a Covid death or not. It serves the immediate purpose of the government to pretend that the official number is low because it makes it appear less incompetent and helpless than it is, points out Aakar Patel.
Mid-cap information technology (IT) stocks dominate the list of companies that are trading significantly above their 200-DMA
The year saw India's biggest corporate fraud, falling earnings, stock market crash, job losses and soaring food prices which hit the common man
The Bill seeks to give Sebi sweeping powers like attachment of properties and launch of recovery proceedings.
Before participating in such a scheme, do a detailed background check of the company's credentials, especially if the promised returns are unrealistic.
There will be different ways of returning the money, depending on the profile of the depositors and the amount, predicts Tamal Bandyopadhyay.
Uddhav Thackeray also said that the decision on lifting the curbs completely after April 30 will be taken depending upon the prevailing situation.
According to data released by the commerce and industry ministry, exports stood at $25.01 billion in the month. The fall is only the second time exports contracted in the past year.
The dispute between RCom and Chinese banks led by ICBC started after Anil Ambani led company defaulted on its loans to Indian as well as Chinese banks. A British court on May 22 asked Ambani to pay nearly $717 million to three Chinese banks within 21 days.
After the NHB asked housing finance cos to desist from offering interest subvention schemes, disbursement of loans are likely to get delayed, points out Tinesh Bhasin.
The trade-war between the US and China is prompting investors to flee from risky assets, such as equities, to safe-haven bets, such as gold and treasuries
The crisis-hit NSEL is promoted by Jignesh Shah-led Financial Technologies (India) Ltd.
The investors write to new finance minister; say refunds, not arrests, their priority.
The infra-major going belly up cracked open some major flaws in the system - the most evident being weak corporate governance and how layers of corporate structures could be formed adding to the opaqueness of the group.
Sebi has been given direct powers to freeze bank accounts, attach properties, conduct search and seizure and initiate recovery proceedings.
The Supreme Court on Monday dismissed a plea of fugitive businessman Vijay Mallya seeking review of its 2017 order holding him guilty of contempt of court for transferring USD 40 million to his children.
Why doesn't anybody ask the PSU State Bank of India under RTI on how much they are spending on legal fees trying to recover money from me in the UK when I have offered 100 per cent payback in India, asked Mallya.
'Investors should not commit fresh money to these stocks right now, unless they can hold for the next three to four years.'
The lawyer also claimed "there is no evidence to prove any of the charges levelled against my client."
Enforcement Directorate to approach court to attach industrialist's properties worth Rs 4,000 crore
Ponzi schemes have characteristics that the informed investor can spot easily.
Goa Cricket Association has filed an FIR against its former office-bearers including president, in connection with an alleged fraud of Rs 28 lakh in 2008-09.
The proposed law seeks bars on storing and processing of personal data by entities without the explicit consent of an individual. It, however, provides for exemptions for "reasonable purposes" such as "prevention and detection of any unlawful activity including fraud, whistle-blowing, merger and acquisitions, network and information security, credit scoring, recovery of debt, processing of publicly available personal data and the operation of search engines".
Market sentiment suffered a jolt after other Asian markets closed with widespread losses and European markets dropped in early trade
To ensure faster recovery of dues for entities hit by the Rs 5,600-crore (Rs 56-billion) fraud at NSEL, the government last month ordered the merger of the bourse with its parent firm Financial Technologies (India) Ltd.
'We have set out a timetable to reduce income tax rates for all incomes below Rs 50 lakh, and to progressively eliminate the surcharges on income above Rs 50 lakh, by 2024.' The Budget speech past CII president Naushad Forbes wants to hear.
Liquor baron Vijay Mallya, facing probe in a loan default case of IDBI bank, apparently managed to leave the country in spite of a look-out notice against him by CBI.
'Everyone knows that you including your son won't be able to spend all the wealth that you have earned then why not at least pay the salaries of your employees,' the letter said.
'No commercial bank will be allowed to fail. There is nothing to worry about.'
Judge Andrew Henshaw refused to overturn a worldwide order freezing Mallya's assets and upheld an Indian court's ruling that a consortium of 13 Indian banks were entitled to recover funds amounting to nearly $1.55 billion.
The high court remained unconvinced by Mallya's claim that he has been a non-resident Indian since 1988 and has lived in England since 1992, a country where he has indefinite leave to remain
Once a stock market darling, the jewellery chain heads for liquidation.
Liquor baron Vijay Mallya's passport has been suspended.
The banking sector's credibility is on thin ice. Unless the government takes strict steps, things could get worse.
The process, to be heard in the Royal Courts of Justice in London, could take months as the listing of a hearing will depend on the availability of judges and other factors.
It won't be an easy ride for the markets, reckon experts, considering the multiple state elections in 2018 and general elections next year.
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