News for 'funds diversion'

Rishi Sunak vows to crack down on Islamist extremism, calls it 'significant threat'

Rishi Sunak vows to crack down on Islamist extremism, calls it 'significant threat'

Rediff.com3 Aug 2022

British-Indian prime ministerial candidate Rishi Sunak on Wednesday pledged a crackdown on Islamist extremism, the UK's most "significant terror threat", with a widened government definition of extremism and strengthening existing terrorism legislation.

Investors pushing back more on top executive pay hikes

Investors pushing back more on top executive pay hikes

Rediff.com28 Jul 2022

Investors are pushing back more often against companies' resolutions on what is paid out to top executives. In the first four months of financial year 2022-23 (FY23), there have already been five such rejections, according to shareholder voting data from tracker Adrian, a platform maintained by the proxy advisory firm Institutional Investor Advisory Services India (IiAS). Two of these have been at multiplex chain PVR and direct-to-home company Dish TV India.

Is Zomato's Deepinder Goyal up for a challenge?

Is Zomato's Deepinder Goyal up for a challenge?

Rediff.com12 May 2021

With scrutiny that comes with a public listing, Deepinder Goyal's leadership could face its sternest test yet.

Jet board members liable for the crisis

Jet board members liable for the crisis

Rediff.com2 May 2019

Independent directors were supposed to safeguard the interest of all stakeholders.

Adani Group cos under Sebi lens for non-compliance of rules

Adani Group cos under Sebi lens for non-compliance of rules

Rediff.com19 Jul 2021

Markets regulator Sebi and the Directorate of Revenue Intelligence (DRI) are probing some Adani Group companies for alleged non-compliance with rules, the government told Lok Sabha on Monday. Minister of State for Finance Pankaj Chaudhary in a written reply to a question said accounts of three of the six Mauritius-based funds, that have invested most of their money in Adani Group firms, were frozen in 2016 over the issuance of Global Depository Receipt (GDR) by certain listed firms. No freeze was ordered for their holding in other firms.

How Quick Commerce Is Changing Shopping

How Quick Commerce Is Changing Shopping

Rediff.com4 Mar 2023

'The focus on easier access and faster delivery is creating a new consumption pattern that allows consumers to satisfy their last-minute cravings and restock essentials at the click of a button.'

The Woes Of Wayanad Continue

The Woes Of Wayanad Continue

Rediff.com19 Apr 2023

Away from the distraction of its new high-profile politics, Wayanad's worries seemed very down to earth, discovers Shyam G Menon.

B-Schools: Consulting Tops Interns Hires

B-Schools: Consulting Tops Interns Hires

Rediff.com9 Nov 2022

...followed by financial services, IT, and sales and marketing.

How the once mighty Singh brothers fell from grace

How the once mighty Singh brothers fell from grace

Rediff.com21 Oct 2019

From Ranbaxy to Religare, Aashish Aryan takes you through a maze of legal cases involving Malvinder Mohan Singh and his younger brother Shivinder Mohan Singh. Both are in police custody following a complaint of fund siphoning.

IUML member moves resolution in RS seeking Sachar report implementation

IUML member moves resolution in RS seeking Sachar report implementation

Rediff.com10 Feb 2023

A private member resolution seeking that the government implement the recommendations of the Sachar Committee report and other reports that have discussed the educational and social backwardness of Muslims and enact a legislation for the prevention of atrocities against minorities was moved in the Rajya Sabha on Friday.

Jhunjhunwala the biggest draw as investors line up to board Akasa

Jhunjhunwala the biggest draw as investors line up to board Akasa

Rediff.com25 Jan 2022

Veterans in the travel industry, a well-known corporate lawyer, and a marquee US-based hedge fund have backed the upcoming low-cost airline Akasa Air. Founded by former Jet Airways chief executive officer (CEO) Vinay Dube, the venture counts ace stock trader and investor Rakesh Jhunjhunwala as its biggest financial backer with an investment of around Rs 300 crore. A person with knowledge of the development said most of the people were well known to Jhunjhunwala and Dube, who approached them during the conception stage.

Why Is It An Attack On India?

Why Is It An Attack On India?

Rediff.com7 Feb 2023

India's Right-wing has sought to own our democracy by making itself appear the stuff of majority, and sometimes, a national ethos older than the Constitution on which our democracy is based, argues Shyam G Menon.

India to grow to over $1 trillion by 2025: Walmart CEO

India to grow to over $1 trillion by 2025: Walmart CEO

Rediff.com25 Aug 2021

The Indian retail segment has its own uniqueness and the country is one of the most exciting markets globally that is poised to grow to over a trillion dollars by 2025, according to Walmart Inc President and CEO Doug McMillon. Speaking at the Converge@Walmart event, McMillon noted that given the diversity of the Indian market, the company has to "think local and execute locally". "India is such a diverse market, it's not one country in some ways and so we have to think local and execute locally, and it has its own rules, and so, we've got to comply with those rules," he said.

SBI seeks Mallya family's full asset disclosure

SBI seeks Mallya family's full asset disclosure

Rediff.com5 Mar 2016

SBI approaches Karnataka HC to arrest Mallya, impound passport, disclose full assets

What Was The Secret Of Rakesh Jhunjhunwala's Success?

What Was The Secret Of Rakesh Jhunjhunwala's Success?

Rediff.com15 Sep 2022

His advice was to always start with small positions because we are bound to make mistakes; and remain humble because the markets can be merciless, remembers Debashis Basu.

Winter session: Productivity of Lok Sabha at 82%, Rajya Sabha at 48%

Winter session: Productivity of Lok Sabha at 82%, Rajya Sabha at 48%

Rediff.com22 Dec 2021

The parliamentary affairs minister also said the productivity of Lok Sabha was around 82 per cent and that of Rajya Sabha around 48 per cent.

Aligarh Muslim University Needs Urgent Reforms!

Aligarh Muslim University Needs Urgent Reforms!

Rediff.com7 Mar 2023

Is it a divine, sacrosanct university, a holy cow, prohibiting human intervention?

Ajay Jayaram retires from international badminton

Ajay Jayaram retires from international badminton

Rediff.com27 Mar 2022

Indian shuttler Ajay Jayaram took to social media to announce his retirement.

Why IHH's takeover of Fortis may not be smooth

Why IHH's takeover of Fortis may not be smooth

Rediff.com19 Jul 2018

On Wednesday, Daiichi Sankyo's lawyers argued for a stay on stake sale by Fortis, which was opposed by counsels of the hospital chain and promoter entities.

COVID-19: 'My job is to save and help people'

COVID-19: 'My job is to save and help people'

Rediff.com8 Apr 2020

'This is a long haul, god knows where it will end.' 'So it is best to conserve all the funds right now for fighting the COVID-19 pandemic.'

United Spirits gets MCA, I-T Dept notices to inspect books

United Spirits gets MCA, I-T Dept notices to inspect books

Rediff.com27 May 2015

The new Diageo management had asked Vijay Mallya to step down.

Bihar Cricket Association seeks players' dues from BCCI

Bihar Cricket Association seeks players' dues from BCCI

Rediff.com7 Aug 2020

'Many cricketers belong to an average middle-class family, their families also facing a financial crisis due to Corona. My humble request to you to kindly make an arrangement to clear the genuine demand of players who represent the state in the BCCI tournaments.'

10 Reasons Student Visas Get Rejected

10 Reasons Student Visas Get Rejected

Rediff.com5 Jul 2022

As an applicant, you must understand there is a difference between getting an offer letter from a university and receiving a study visa, explains Ajay Sharma, president, and founder, Abhinav Immigration Services.

Shareholders stand to lose in Diageo, Mallya deal

Shareholders stand to lose in Diageo, Mallya deal

Rediff.com27 Feb 2016

The deal comes at a huge cost to minority shareholders who have till date lost close to Rs 5,500 crore that were written off United Spirits' books

Indian-American doctors distribute free meals amid COVID-19

Indian-American doctors distribute free meals amid COVID-19

Rediff.com25 Jun 2020

The Greater Washington Association of Physicians of Indian-Origin and the leading Maryland gurdwara -- Guru Nanak Foundation of America -- held their first food drive over the weekend serving more than 350 families affected by the COVID-19 pandemic.

Saudi Arabia calls for dialogue between India and Pak

Saudi Arabia calls for dialogue between India and Pak

Rediff.com9 May 2021

The Crown Prince "welcomed the recent understanding reached between the military authorities of Pakistan and India regarding ceasefire at the Line of Control, which is based on a 2003 understanding between Pakistan and India.

The A-W Of Desi Guests At the White House Dinner

The A-W Of Desi Guests At the White House Dinner

Rediff.com24 Jun 2023

The dinner Jill Biden and her husband US President Joe Biden hosted for Indian prime minister Narendra Modi, June 22, at the White House brought together, Indians and Americans from so many firmaments.

16 states sue Trump for declaring emergency over border wall

16 states sue Trump for declaring emergency over border wall

Rediff.com19 Feb 2019

The lawsuit accuses Trump of "an unconstitutional and unlawful scheme".

Historic! Rishi Sunak to be UK's 1st Indian-origin PM

Historic! Rishi Sunak to be UK's 1st Indian-origin PM

Rediff.com24 Oct 2022

Rishi Sunak on Monday is all set to make history on Diwali as Britain's first Indian-origin prime minister after being elected unopposed as the new leader of the governing Conservative Party, following Penny Mordaunt's withdrawal from the race.

Shell firms, paintings of Rana Kapoor under ED scanner

Shell firms, paintings of Rana Kapoor under ED scanner

Rediff.com8 Mar 2020

The central probe agency that began action against the banker by raiding his upscale residence in south Mumbai on Friday is primarily investigating Kapoor, his wife and three daughters over a Rs 600 crore fund received by a firm allegedly "controlled" by them from an entity linked to the scam-hit Dewan Housing Finance Limited.

IMF picks Raghuram Rajan in coronavirus advisory group

IMF picks Raghuram Rajan in coronavirus advisory group

Rediff.com10 Apr 2020

Rajan, 57, who was RBI governor for three years until September 2016, is currently working as a professor at the prestigious University of Chicago.

Chacha Chaudhary declared Namami Gange mascot

Chacha Chaudhary declared Namami Gange mascot

Rediff.com1 Oct 2021

Indian comic book character Chacha Chaudhary has been declared as the mascot of the government's Namami Gange Programme with an aim of bringing behavioural change among children towards the Ganga and other rivers.

Is the worst over for Indian banks?

Is the worst over for Indian banks?

Rediff.com24 Mar 2022

Is the worst over for Indian banks? The past two years saw them ride on treasury trades as deposits soared and credit growth dipped sharply. Gross and net non-performing assets (NPAs) moved south, and the provision coverage ratio (PCR), capital buffers, and profitability indicators are back at pre-pandemic levels. So, what's the plot ahead?

PM hails 'nari shakti' in I-Day speech, faces Opposition questions

PM hails 'nari shakti' in I-Day speech, faces Opposition questions

Rediff.com15 Aug 2022

Prime Minister Narendra Modi on Monday urged people to pledge not to do anything that lowers the dignity of women, saying a mentality to insult them in speech and conduct has crept in.

AMU's Governance Structure Is Democratic, Not Divine

AMU's Governance Structure Is Democratic, Not Divine

Rediff.com18 Mar 2023

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.

Facebook, Instagram to allow users to hide 'likes'

Facebook, Instagram to allow users to hide 'likes'

Rediff.com26 May 2021

Social networking giant Facebook on Wednesday said it will now allow users on its platform as well as those on Instagram to hide their public 'like' counts. This is part of the company's efforts to give people control over their experience, a statement said.

Budget: Concessional rate dumped, foreign dividends now under tax ambit

Budget: Concessional rate dumped, foreign dividends now under tax ambit

Rediff.com2 Feb 2022

Concessional rate of tax on dividends received by Indian companies from foreign subsidiaries will be done away with from April 1, a change that may hamper global expansion of Indian companies and compel some firms to move their headquarters out of India to geographies such as Singapore and Dubai. At present, dividends received by Indian companies from their foreign subsidiaries are subject to a concessional tax rate of 15 per cent under Section 115BBD of the Income Tax (I-T) Act. The provisions of this section shall not apply from assessment year 2023-24 onwards, according to the Finance Bill.

HDFC raises over Rs 14,000 cr; closes QIP issue

HDFC raises over Rs 14,000 cr; closes QIP issue

Rediff.com12 Aug 2020

The housing finance major issued non-convertible debentures and warrants to raise another Rs 4,000.03 crore.

Indian-origin student faces racial slur at US varsity

Indian-origin student faces racial slur at US varsity

Rediff.com18 Nov 2015

A 21-year-old Indian-origin student was allegedly subjected to a racial slur at a prestigious US university, prompting the student's body to pass a "diversity resolution" to promote an inclusive atmosphere on its campus.