Several brokers used shares of dormant or inactive clients to provide margins for other more active clients. This prompted Sebi to rework its entire system of pledging.
If the Personal Data Protection Bill gets passed in its present form, a new class of companies and entities could emerge. The sole job of these new entities would be to manage the consent for data usage of a user.Banks, healthcare firms and fintech companies, among others, fear that sharing non-personal data with the government may hurt business interests. Banks also fear the threat of data misuse.
While the Opposition is making a belated effort to form a joint front against the BJP, Mamata's ambiguous stand has created confusion, observes Virendra Kapoor.
CBI has registered a case against general secretary of Mumbai BJP Mohit Kamboj, his jewellery manufacturing firm Avyaan Overseas, its directors, few mid-level bankers and others for alleged diversion of funds by availing fraudulent foreign bills negotiation limit and export packaging credit limit, issued by lender Bank of India between 2013 and 2018.
A bench headed by Chief Justice Uday Umesh Lalit directed Kappan to remain in Delhi for the next six weeks after the release from an Uttar Pradesh prison.
Fadnavis also dismissed Hegde's claim as 'absolutely wrong' and said nothing of that sort happened.
Congress leader Rahul Gandhi was questioned for over eight hours by the Enforcement Directorate for the second consecutive day in the National Herald money-laundering probe and was again summoned on Wednesday, even as the opposition party continued its protests and sparred with the BJP, accusing it of conspiring to defame the Gandhi family through the ''false'' case.
The alleged misappropriation of flood relief funds, which has hit the Bharatiya Janata Party government in Karnataka, has also torched the Opposition Congress party in the state.
These self-appointed well-wishers of AMU are basically for the control or police model of university governance. They have no faith whatsoever in the democratic functioning of the universities, observes Faizan Mustafa, former dean, Faculty of Law, and Registrar, Aligarh Muslim University.
Working hours cannot go beyond 48. Those who give a four-day week will have to provide three consecutive holidays after that.
The government will use the Supreme Court order calling the 2005 deal between ISRO's commercial arm Antrix and privately-owned Devas Multimedia a fraud, to counter seizure of its properties, Finance Minister Nirmala Sitharaman said on Tuesday as she launched a blistering attack on the Congress for handing over airwaves used by the defence to the private firm for pittance. "It is a fraud of Congress, by Congress (and) for Congress," the minister told reporters as she read out paragraphs from the Supreme Court's January 17 decision allowing winding up of Devas Multimedia because of the fraud.
A recent report by Citi had pegged the total amount stuck in stalled projects across seven major Indian cities (Bengaluru, Mumbai Metropolitan region, National Capital Region, Ahmedabad, Hyderabad, Kolkata and Pune) at Rs 80,000 crore.
Draped in black shawls, Trinamool Congress MPs on Monday staged a protest outside Parliament House against the arrest of West Bengal minister Madan Mitra in the Saradha chit fund case, accusing the Centre of misusing the Central Bureau of Investigation.
The Income Tax Department detected bogus expenditure claims and alleged transfer of share capitals worth crores of rupees through shell companies after it recently raided some entities in Karnataka and Uttar Pradesh, including people linked to the Samajwadi Party.
The Committee of Administrators (COA) wants BCCI to appoint an Ombudsman and an Ethics Officer at the earliest to deal with any disputes leading up to its much-awaited Annual General Meeting and elections.
Gandhi asked who in the Bharatiya Janata Party government had been held accountable for the security lapses that allowed the attack.
The announcement was made in advertisements published by the state's information and public relations department in various newspapers on Saturday.
'Since 2002, we have not received any justice and we are still fighting for it.'
Keep your mobile number and e-mail updated. When you receive the weekly report on cash holdings, check to ensure there is no discrepancy between the amount you have kept with the broker and what the latter has reported, advises Sanjay Kumar Singh.
'If I had earned money as an MLA, I would have been sad to lose my seat.' 'But I have not earned money. Instead, I have earned respect.'
Inter-governmental body FATF has come out with elaborate suggestions on ways to prevent misuse of corporate vehicles and on having a risk-based approach for the banking sector to help curb money laundering and terror funding activities.
Deposits in Jan Dhan account have more than doubled to Rs 87,000 crore in 45 days post demonetisation, prompting the tax department to "dissect" information relating to such deposits, a top government official said.
Home Minister Rajnath Singh on Monday said the "unfortunate" and "unprecedented" developments in West Bengal
Tamil Nadu's voters wanted tough leaders at the helm, to the point of being autocratic. It was what Karunanidhi, MGR and Jayalalithaa ended up becoming, observes N Sathiya Moorthy.
For investors, every cost-saving means higher returns.
The Delhi high court on Monday fixed for February 26 the hearing on Kejriwal government's plea to withdraw the appeal of previous Congress dispensation against a lower court order to register an FIR against former Chief Minister Sheila Dikshit in a corruption case.
Many including IMP oppose allowing industrial houses to set up banks.
In case of any grievance, file a complaint with Sebi on its SCORES (Sebi Complaints Redress System) web site, suggests Sanjay Kumar Singh.
The transformation of the Modi-Shah baiting Hardik Patel into saffron poster boy.
'One cannot avoid speculating whether there was something else at play that led to the uncovering of this saga.'
The report, floated recently, comes a few days after the government cancelled the registration of Bengaluru-based NGO Infosys Foundation for alleged violation of norms in receiving foreign grants.
The Congress and the Bharatiya Janata Party on Wednesday slammed Aam Aadmi Party leader Arvind Kejriwal after a video, showing anti-corruption crusader Anna Hazare purportedly expressing disappointment over the alleged misuse of funds collected during the Jan Lokpal Bill drive by the AAP, surfaced on Wednesday.
Stockbroker Blue Chip Corporation Pvt Ltd (BCCPL), Nitin Rajaram Narke, Pravin B Darawade, Bhavana Chadha, Milestone Investment, Nitin Narke Investment, Blue Cheap Investment and Blue Chip Investment have been prohibited.
The government wants to reduce the rate of contribution - part of the employee's share - for a class of workers depending upon age, income or gender, without changing the contribution from the employer's share.
The Central Bureau of Investigation is conducting searches at the home of Supreme Court lawyer Indira Jaising -- who served as additional solicitor general during UPA 2 -- and the offices of Lawyers Collective, an NGO run by her husband lawyer Anand Grover, officials said.
If indeed the gate opens for big industrial houses, the RBI needs to be smarter than them and demonstrate it through action, not reaction, observes Tamal Bandyopadhyay.
'Given that the RGF is a family-controlled trust, why would the Congress defend it every time someone accuses it of wrong-doing?' asks Virendra Kapoor.
Sinha says many fund houses not abiding by rules on minimum number of investors, awareness funds
The ED had registered an ECIR (Enforcement Case Information Report) in the matter under the Prevention of Money Laundering Act.
Various start-ups have raised concerns on notices sent to them under the Section 56 of Income Tax Act to pay taxes on angel funds received by them.
