The Congress on Wednesday said the Supreme Court judgment on certain matters relating to transactions by the Adani Group has proven to be 'extraordinarily generous' to Securities and Exchange Board of India (SEBI) and asserted that the party's fight against crony capitalism and its ill-effects on prices, employment and inequalities will continue.
Refuting allegation of misusing position to get corporate funding for his family-run NGO, Oil Minister M Veerappa Moily on Wednesday said he had at no point extended any help or favour to any company for seeking aid.
An interim report on the action has also been sent by the field investigation wing of the income tax department to the Central Board of Direct Taxes in Delhi, the administrative body for the department.
The Congress has so far announced 82 candidates for the seven-phase Lok Sabha polls beginning April 19.
Seen by political watchers as the favourite to retain power for a third straight term, the Bharatiya Janata Party has set itself an ambitious target of winning 370 Lok Sabha seats, a goal aimed as much at projecting its strength as at diminishing the opposition in popular imagination.
According to experts, this will have major impact on new investments by Chinese players in companies, such as Paytm, Ola, BigBasket, Byju's, Dream11, MakeMyTrip, and Swiggy, when they go for follow-up funding. Chinese investors, such as Alibaba, Tencent, and Xiaomi, are active in the Indian start-up space, and have collectively invested billions of dollars.
A special task force has been set up under to carry out all investigations into such companies.
The first private sector MF, Kothari Pioneer was registered in July 1993.
The Congress alleged that the claims made by the ED against Baghel are part of a "conspiracy" hatched by the BJP to tarnish the Chhattisgarh chief minister's image and asserted that the people of the state would give a befitting reply to such tactics in the upcoming Assembly poll.
The exact case in connection with which the searches were being conducted was not yet known.
The cheque for the full amount has been returned to the fund's kitty, days after the opposition slammed the move given the acute drought in the state.
'In real estate project insolvency, no one size can fit all.'
'This is the biggest crisis Kejriwal is facing in his life.' 'If he is able to come out of this, then he will have a great future.'
Congress president Sonia Gandhi and Gujarat Chief Minister Narendra Modi locked horns on Friday after the Congress President charged that Central funds were misused by the Gujarat government and the Chief Minister was 'inciting' people by raising concerns over border security through the Sir Creek issue.
At the heart of Paytm's slide lies the abject failure of its Super App strategy, notes Indrajit Gupta.
With regulatory uncertainties clouding the future of online pharmacies, deals in the space are showing signs of slowdown, as also fresh investment from private-equity (PE) firms and venture capitalists (VCs). The data from Venture Intelligence shows so far in 2023 (as of June 13) there has been one deal with PE-VC funding. In 2022 there were four, a sharp fall from the 12, totalling $1,520 million, the sector had attracted in 2021.
Right to apprenticeship, legal guarantee for MSP, passing a constitutional amendment to raise the 50 per cent cap on reservations for SCs, STs and OBCs, a nation-wide caste census and scrapping of Agnipath scheme are among the promises made by the Congress in its Lok Sabha polls manifesto released on Friday.
Fully know your customer-complaint Jan Dhan account holders will be allowed to withdraw Rs 10,000 per month from their account, while limited or Non KYC compliant account holders can withdraw Rs 5,000 per month.
The Congress leader, who resigned as the chief minister Sunday night, emerged victorious in the Patan assembly seat, defeating BJP candidate Vijay Baghel by 19,723 votes in the state assembly elections held last month.
BJP spokesperson Sambit Patra claimed that the home ministry's decision to cancel the FCRA licences of the Rajiv Gandhi Foundation and the Rajiv Gandhi Charitable Trust for alleged violation of laws has "exposed" their corruption.
Gokhale was taken into custody under criminal sections of the Prevention of Money Laundering Act in Ahmedabad where he is lodged in judicial custody in a Gujarat police case.
Congress leader Navjot Singh Sidhu's wife Navjot Kaur on Friday said her husband 'gifted' the chief minister's chair to Bhagwant Mann, claiming that Arvind Kejriwal once wanted the former cricketer to lead Punjab but he chose not to betray his party.
In the document, the global body expressed concerns over the increasing use of Internet and other information and communications technologies, including social media platforms, for terrorist purposes.
He said despite efforts by the UN, the threat of terrorism is only growing and expanding, particularly in Asia and Africa.
Shares of Life Insurance Corporation (LIC) of India hit fresh record lows amid sustained decline in Adani Group stocks. Its stock finished at Rs 567.8, down 2.9 per cent over its previous close. The state-owned insurer's market value is now down Rs 2.4 trillion, or 40 per cent, compared to initial public offering levels.
National Conference president and former Jammu and Kashmir chief minister Farooq Abdullah has been summoned by the Enforcement Directorate for questioning in a money laundering case in Delhi on May 31, official sources said on Friday.
'What we say is, look, we are going to provide them with additional military support, targeted at terrorists, and we are going to help build their democracy. We have wasted $10 billion with Musharraf without holding them accountable for knocking out those safe havens,' Senator Obama said.
Making it easier for companies to raise funds through genuine equity or debt offers, Sebi unveiled a slew of measures to bring to book those running illegal money-pooling schemes and indulging in other fraudulent activities.
The maintenance work will include operations such as removal of remaining gypsum and leachate handling operations among others. Based on this, the district administration has now allowed the firm to maintain the plant after five years.
Capital markets regulator Sebi on Tuesday barred five brokerage houses for up to six months from making fresh applications seeking registration as commodity brokers as they failed to meet 'fit and proper' criteria in the NSEL case. The affected brokerage houses include India Infoline Commodities, Anand Rathi Commodities and Geofin Comtrade (banned for 6 months each), and Phillip Commodities and Motilal Oswal Commodities Broker (for 3 months each). "There were enough red flags for a reasonable person to come to conclude that what was being offered as paired contracts on NSEL were not spot contract in commodities," Sebi said in five separate orders.
The Serious Fraud Investigation Office (SFIO) has arrested a person who the Ministry of Corporate Affairs (MCA) said has emerged as the mastermind of the racket of incorporating a large number of shell companies with Chinese links in India.
The Enforcement Directorate (ED) on Thursday said it has arrested Karvy Stock Broking Limited (KSBL) CMD C Parthasarathy and group CFO G Krishna Hari in connection with a money laundering investigation linked to alleged diversion of clients' securities of over Rs 2,873 crore. The agency produced the two-- already lodged in central jail, Bengaluru after being arrested by the police-- before a special Prevention of Money Laundering Act (PMLA) court in Hyderabad on January 20 and on January 25 it remanded them to four days of ED custody from January 27-30, it said in a statement. The ED case, filed under the criminal provisions of the PMLA, is based on multiple Telangana Police FIRs filed by the HDFC Bank, few other banks and investors alleging clients' securities were illegally diverted by Karvy Stock Broking Ltd and these were later pledged with banks and non banking financial companies (NBFCs) for loans which were later "defaulted".
The court also castigated the lawyer, who had moved the PIL, for calling Hurriyat Conference leaders "separatists" saying it was a matter of perception.
Of the 3,893,149 registered applicants on the MP Rojgar portal, only 21 individuals have been successfully placed in government and semi-government positions since April 2020.
Chief Election Commissioner Nasim Zaidi also warned that if parties try to sidestep proposed changes in election and income tax laws by taking advantage of any loophole, they will be dealt with accordingly.
Kerala Chief Minister Pinarayi Vijayan on Monday lashed out at Governor Arif Mohammed Khan for seeking resignation of vice chancellors of nine universities in the state.
Avoid relying on a bank RM for investment advice. Instead, approach a Sebi-registered investment advisor whose livelihood depends on the fee paid by his customers and not on product commissions.
The ruling Congress is seeking to retain power in Chhattisgarh by banking on the welfare schemes of the Bhupesh Baghel government, while the Bharatiya Janata Party is hoping to corner it on the issues of alleged corruption, religious conversions and unfulfilled poll promises.
For the first time, a presiding officer was declaring in public what decision he will be taking, the Rajya Sabha member said.
Anil Agarwal-led Vedanta's Sterlite Copper on Monday came out with an advertisement inviting expression of interest (EoI) for carrying out plant "restart activities" at its Thoothukudi unit in Tamil Nadu, that got closed more than five years ago following an order issued by the Tamil Nadu Pollution Control Board (TNPCB). The EoI for restart comes when the company is still awaiting the final judgement on the issue, and the court has only allowed it to do maintenance work. "We have initiated the upkeep and maintenance activities at the plant as allowed by the Supreme Court vide its order dated May 4, 2023, in coordination with the district authorities.
