News for 'funds diversion'

Money from EPFO invested in 'safe' funds: Govt

Money from EPFO invested in 'safe' funds: Govt

Rediff.com2 Aug 2016

'There is no question of diverting funds. This government is pro-poor, pro-worker and pro-progressive.'

Prez Murmu hosts gala dinner for G20 leaders

Prez Murmu hosts gala dinner for G20 leaders

Rediff.com9 Sep 2023

They welcomed the guests before the start of the dinner from the reception dais, with its backdrop showcasing the ruins of the Nalanda University in Bihar besides India's G20 presidency theme -- 'Vasudhaiva Kutumbakam - One Earth, One Family, One Future'.

BRICS may agree on $100 billion currency fund

BRICS may agree on $100 billion currency fund

Rediff.com28 Aug 2013

BRICS countries may reach consensus at next month's G20 summit on creating a $100 billion currency reserve fund to help ease short-term liquidity pressure and safeguard financial stability of major emerging economies, a senior Chinese central bank official said.

Byju's CEO speaks to shareholders, firm to set up board advisory committee

Byju's CEO speaks to shareholders, firm to set up board advisory committee

Rediff.com7 Jul 2023

Byju Raveendran, CEO and founder of the eponymous edtech giant, has told shareholders that the company will set up a board advisory committee (BAC). This was part of a discussion on July 4 with shareholders at an emergency general meeting (EGM). Raveendran also said that in the next EGM in three weeks will give details about BAC's members and composition.

'The biggest risk I took was...'

'The biggest risk I took was...'

Rediff.com29 Feb 2024

'Life had its own plans and now I have learnt to go with the flow.'

Harshad Mehta's brother, 8 SBI officials acquitted in 1992 securities scam

Harshad Mehta's brother, 8 SBI officials acquitted in 1992 securities scam

Rediff.com6 Nov 2018

Justice Shalini Phansalkar Joshi, who presides over the special court set up for cases related to the 1992 securities scam, said in her judgment last week that there was no hesitation in holding that that the prosecution had failed to prove the case beyond reasonable doubt.

5 Indian-origin women executives on Barron's 100 Most Influential Women in US Finance list

5 Indian-origin women executives on Barron's 100 Most Influential Women in US Finance list

Rediff.com5 Apr 2023

Five Indian-origin women executives have made it to Barron's prestigious annual '100 Most Influential Women in US Finance' list for achieving positions of prominence in the financial services industry and helping shape its future. Barron's is a sister publication of the Wall Street Journal, published by Dow Jones and Company. "The list honours established and emerging leaders in financial services, the corporate world, nonprofit organisations, and government," the magazine said in a press release.

'Why do investors no longer panic during market downturns?'

'Why do investors no longer panic during market downturns?'

Rediff.com10 Nov 2022

'It's important that every portfolio is well diversified.' 'My own portfolio is diversified across asset classes: 50% is in equity funds, 15% in international schemes, 25% in debt funds and 10% in sovereign gold bonds.'

Equity funds turn to bullion; gold, silver gain

Equity funds turn to bullion; gold, silver gain

Rediff.com27 Apr 2004

Precious metals recovered on the bullion market on revival of buying by stockists and investors amid diversion of some funds from the falling stock markets, and closed with notable gains.

Artificial rain not a sustainable solution to pollution crisis: Experts

Artificial rain not a sustainable solution to pollution crisis: Experts

Rediff.com19 Dec 2023

The sustainable impact of this process is under scrutiny, Tripathi added.

How Fortis Healthcare's fortunes will change post acquisition by IHH

How Fortis Healthcare's fortunes will change post acquisition by IHH

Rediff.com16 Jul 2018

In its investor presentation, IHH said it wanted to develop Fortis into a market leader.

States demand more funds, PM rationalises schemes in NITI meet

States demand more funds, PM rationalises schemes in NITI meet

Rediff.com8 Feb 2015

NITI Aayog was set up as a think-tank for the Centre and states on January 1 replacing over six-decade old Planning Commission.

IBM to add $50 mn to global worklife fund

IBM to add $50 mn to global worklife fund

Rediff.com3 May 2006

The Indian arm hopes to get a piece of the pie.

'A slip-up can break trust of investors'

'A slip-up can break trust of investors'

Rediff.com3 Jan 2023

'Strong regulations are crucial for the orderly development of the market.'

North America's first Gandhi museum opens in Houston

North America's first Gandhi museum opens in Houston

Rediff.com6 Oct 2023

The Eternal Gandhi Museum is the only Gandhi-related museum in the United States, dedicated to Gandhi, to preserve and promote his ever-lasting legacy of nonviolent conflict resolution.

Can India Be A Developed Nation By 2047?

Can India Be A Developed Nation By 2047?

Rediff.com6 Jan 2024

One hopes in his next term, Narendra Modi will take up the mission of inculcating respect for following rules in Indians as a mission. Therein lies the chance for India to become a developed country, asserts Colonel Anil A Athale (retd).

'This is a loud message to national parties...'

'This is a loud message to national parties...'

Rediff.com14 Mar 2023

'... that they should listen to people of the soil of the North East and find a permanent solution to tribal problems.'

Solution To Real Estate Insolvencies Soon

Solution To Real Estate Insolvencies Soon

Rediff.com18 May 2023

'In real estate project insolvency, no one size can fit all.'

Biden nominates ex-Mastercard CEO Ajay Banga to head World Bank

Biden nominates ex-Mastercard CEO Ajay Banga to head World Bank

Rediff.com23 Feb 2023

At the World Bank Banga will be replacing David Malpass, a former Trump treasury official, reports axios.com. Malpass had already announced that he will resign by July, months ahead of his term expired. "Ajay is uniquely equipped to lead the World Bank at this critical moment in history," President Biden said in a statement. Banga, 63, currently serves as vice chairman at General Atlantic.

Kingfisher Airlines: IDBI Bank GM conspired with Mallya

Kingfisher Airlines: IDBI Bank GM conspired with Mallya

Rediff.com23 Mar 2023

A senior IDBI Bank official allegedly conspired with businessman Vijay Mallya for sanction and disbursement of loan to the latter's Kingfisher Airlines, the Central Bureau of Investigation said in its supplementary chargesheet filed in a Mumbai court. Mallya is an accused in the alleged Rs 900-crore IDBI Bank-Kingfisher Airlines loan fraud case, which is being probed by the CBI. The Central agency had recently filed a supplementary chargesheet before a special CBI court.

Why Auditors Quitting Big Clients Is Complicated

Why Auditors Quitting Big Clients Is Complicated

Rediff.com18 Sep 2023

Auditors seem to have developed a heightened sense of risk and are not content to tick the boxes and sign the papers.

How Shark Tank India 1 Winners Fared

How Shark Tank India 1 Winners Fared

Rediff.com14 Jan 2023

Of the 23 companies, eight have raised funds after Shark Tank India.

India needs $223 bn to meet 2030 renewable goals

India needs $223 bn to meet 2030 renewable goals

Rediff.com22 Jun 2022

India will need $223 billion of investment to meet its goal of wind and solar capacity installations by 2030, according to a new report by research company BloombergNEF (BNEF). The government has set a target of increasing non-fossil power capacity to 500 GW by 2030. It wants non-fossil fuel power sources to provide half of its electricity supply by 2030. "To achieve this target, India needs to massively scale up funding for renewables," the report said, adding that $223 billion is required over the next eight years just to meet the solar and wind capacity targets.

India's Top Social Media Influencers

India's Top Social Media Influencers

Rediff.com3 Jan 2024

In a nation of 1.4 billion people, where a potential new creator is born every second, we pick 25 influencers who have ruled social media this year.

SCO vows to prevent spread of terror, eliminate sleeper cells

SCO vows to prevent spread of terror, eliminate sleeper cells

Rediff.com4 Jul 2023

The declaration said the SCO leaders reaffirmed their commitment to peaceful settlement of disagreements and disputes between countries through dialogue and consultations.

ECB under immense pressure to expunge racism in cricket

ECB under immense pressure to expunge racism in cricket

Rediff.com24 Mar 2022

The British government has supported to limit public funding for cricket unless it takes concrete steps to rid of racism

CBI registers FIR against Manish Sisodia in 'snooping case'

CBI registers FIR against Manish Sisodia in 'snooping case'

Rediff.com17 Mar 2023

The agency has booked Sisodia, a 1992-batch IRS officer Sukesh Kumar Jain who was then secretary of vigilance, retired CISF DIG Rakesh Kumar Sinha who was working as special advisor to Chief Minister Arvind Kejriwal and joint director in the Feedback Unit, they said.

Realty group IREO's Lalit Goyal arrested by ED on money laundering charges

Realty group IREO's Lalit Goyal arrested by ED on money laundering charges

Rediff.com16 Nov 2021

The Enforcement Directorate (ED) has arrested the vice chairman and managing director of real estate group IREO, Lalit Goyal, in connection with a money laundering probe against him, officials said on Tuesday. The businessman has been taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA) by the federal probe agency in Chandigarh and will be produced before a local court for seeking his remand, they said. Goyal was stopped by immigration authorities last Thursday at the Indira Gandhi International (IGI) airport in New Delhi on the basis of an ED look out circular against him.

FIFA pleads with World Cup nations to 'focus on football'

FIFA pleads with World Cup nations to 'focus on football'

Rediff.com4 Nov 2022

Gianni Infantino wants the world to 'focus on the football'

Finland Wants Indian Techies!

Finland Wants Indian Techies!

Rediff.com1 Feb 2023

In the last 12 months, over 7,500 Indians have applied for a resident permit.

'Huge demand for life insurance products in India'

'Huge demand for life insurance products in India'

Rediff.com1 Jan 2024

'As our per capita income increases and various demographic segments emerge, the need for various kinds of protection and risk covers will become even more explicit.'

How Will Modi Shape The G20 Opportunity?

How Will Modi Shape The G20 Opportunity?

Rediff.com2 Mar 2023

Will G20 showcase an India that is inclusive, culturally rich, diverse and tolerant, asks Ramesh Menon.

How MPs misuse their MPLADS funds

How MPs misuse their MPLADS funds

Rediff.com30 Jul 2013

Public Money, Private Agenda -- The Use and Abuse of MPLADS by A Surya Prakash provides a comprehensive look at the Members of Parliament Local Area Development Scheme, which was launched 20 years ago in 1993. Excerpts from the book.

Fisticuffs in Fortis family as Singhs accuse each other of assault

Fisticuffs in Fortis family as Singhs accuse each other of assault

Rediff.com7 Dec 2018

The relationship between the Singh brothers, erstwhile promoters of Fortis Healthcare, went sour after allegations of fund diversion from the healthcare chain emerged.

'We are looking at flying an Indian into space'

'We are looking at flying an Indian into space'

Rediff.com8 Dec 2023

'It's vital that over the next 10 years, that India, the US and the Artemis Accords family of nations come together to ensure that we not only return humanity to the moon, but that we build the technology that will allow us stay there permanently.' 'And then go on to Mars.'

Monsoon session of Parliament begins today, set to be stormy

Monsoon session of Parliament begins today, set to be stormy

Rediff.com20 Jul 2023

Parliamentary Affairs Minister Prahlad Joshi has said that 31 bills will be taken up in the monsoon session. Among these include the Digital Personal Data Protection Bill, 2023.

Notices to be sent to 105 NGOs for diverting funds

Notices to be sent to 105 NGOs for diverting funds

Rediff.com13 Jun 2014

After an Intelligence Bureau report warning the PMO against non-profit bodies, the home ministry is likely to order an SIT probe into their functioning, reports Vicky Nanjappa.

How BAD Is The Job Market?

How BAD Is The Job Market?

Rediff.com2 Aug 2023

More people working in India's technology industry have lost their jobs in the first six months of 2023 than in the corresponding period in 2022.

SFIO submits interim report on Saradha chit fund scam

SFIO submits interim report on Saradha chit fund scam

Rediff.com30 Sep 2013

A SFIO probe into Saradha scam and 'chit fund' operations of 62 other entities has found serious financial mismanagement and siphoning off the funds by their promoters, who took advantage of regulatory gaps.