Japan's Sony Corporation, which is merging its Indian television content company with Zee Entertainment Enterprises, is likely to seek a fresh forensic audit of the company after market regulator Sebi levelled fund diversion charges against Zee promoters, top lawyers said. The Sebi also barred Zee founder Subhash Chandra and its Chief Executive Officer (CEO) Puneet Goenka from holding any position as director. "As the Sebi has made fund diversion charges, which may change the nature of audited reports already filed, the acquirer (Sony) can seek a fresh forensic audit," said H P Ranina, a corporate lawyer.
American Kristin Armstrong became the first cyclist to win the same road event at three different Olympic Games on Wednesday. Britain's surprise packet Joseph Clarke won the Canoe gold in the K-1 slalom course on Wednesday.
A whopping Rs 62,476 crore has been "illegally" transferred by smartphone maker Vivo to China in order to avoid payment of taxes in India, the Enforcement Directorate said Thursday, as it claimed to have busted a major money laundering racket involving Chinese nationals and multiple Indian companies. This money is almost half of Vivo's turnover of Rs 1,25,185 crore, it said without stating the time period of the transaction. The crackdown on the leading Chinese company came after the federal probe agency found that three Chinese nationals, all of whom "left" India during 2018-21, and one other person from that country incorporated as many as 23 companies in India in which they were also helped by a Chartered Accountant, Nitin Garg.
'...I'll treasure this one a lot more after everything I have been through.'
14-year-old Anahat Singh was on Tuesday included in India's squash squad for the Commonwealth Games in Birmingham, starting on July 28.
The macroeconomic implications of successful Iranian Bourse selling oil denominated in non-dollar terms are in fact profound for the world of finance.
Silver is emerging as a stronger bet for the long-term.
Indian exporters are said to be exporting gold jewellery with minimum value addition to get a higher gold import quota for domestic market after imports linked to exports under the 80:20 rule.
In Brazil it will be the Olympic moment everyone remembers.
Thiago da Silva won Brazil's first athletics gold of their home Games on an extraordinary, unforgettable Monday night in Rio, producing an Olympic record of 6.03 metres in the pole vault to beat hot favourite Renaud Lavillenie and send the fans into raptures.
Delhi boy Tejaswin Shankar produced a record-shattering performance as Indians struck two gold and a silver medal to launch their Commonwealth Youth Games campaign on a rousing note in Apia, Samoa, on Monday.
Both the government and RBI are expecting the CAD to be below $56 billion in the current fiscal compared to the record high of $88.2 billion, or 4.8 per cent of the GDP last fiscal.
In the June quarter of FY24, 51 per cent of consumers who took small-ticket personal loans already had more than four credit products at the time of accessing yet another new loan, compared with just 17 per cent in the June quarter of FY20, points out Tamal Bandyopadhyay.
Sun Yang became the first Chinese swimmer to win the Olympic men's 200 metres freestyle gold medal on Monday.
The actress takes maternity fashion to a whole new level.
Israeli Prime Minister Naftali Bennett was among the first to congratulate Dolgopyat praising the 24-year-old for making "blue and white history".
Ukrainian boxer Oleksandr Usyk urged the International Olympic Committee (IOC) to ban Russia from the Olympic Games
B-Town's memorable fashion moments this week.
A look at the gold medal winners on Day 10 of the London Games.
Hosts Brazil won their first gold of the Rio 2016 Summer Games after Rafaela Silva won the women's-57kg judo event on Monday. Another country to open their 'gold account' was Croatia, thanks to trap shooter Josip Glasnovic's superb effort in the shoot-out.
Mutual funds have launched a clutch of new fund offers in the silver ETF (exchange traded fund) category this year and collected Rs 1,400 crore in assets after the introduction of the newly-created investment asset class by market regulator Sebi in 2021. Further, fund houses including Kotak Asset Management Company have filed draft documents with the markets regulator to float silver ETF as well as silver ETF fund of funds for investors, information with the Securities and Exchange Board of India (Sebi) showed. These NFOs (new fund offers) are providing an opportunity to the investors to digitally invest and own silver which is easily tradable during market hours.
These pics will unleash a love for shorts that will never die.
In its reply to the Securities Appellate Tribunal (SAT), the Securities and Exchange Board of India (Sebi) said urgent action was warranted against the promoters of Zee Entertainment Enterprises Limited (ZEEL) in the alleged fund diversion case to safeguard the management and protect investors and other stakeholders. It termed the applications made by Essel Group Chairman Subhash Chandra and ZEEL managing director (MD) and Chief Executive Officer (CEO) Punit Goenka as "completely false and misleading" in its response submitted to SAT on June 17. "We have a situation before us where the chairman emeritus and the MD and CEO of this large listed company are involved in a myriad of different schemes and transactions through which vast amounts of public money belonging to listed companies are diverted to private entities owned and controlled by these persons.
Key to Modi's plan will be the interest rates offered for gold deposits.
China would have been among the top medal contenders in the Olympiad and their absence would brighten India's chances.
Gold is currently ruling at Rs 30,050 per 10 grams.
Need an outfit for a night-out with your BFF? Or a chic touch to your daytime look? Let the stars inspire you.
First lady Jill Biden cheered her countrywomen to an upset victory over the French in the debut of 3x3 basketball at the Olympics as President Emmanuel Macron watched on from the sidelines.
Manjit Singh came from nowhere to snatch the men's 800m gold for the biggest medal of his life but finals continued to be a riddle for P V Sindhu
India's current account deficit which narrowed in the second quarter of this fiscal, however, is likely to widen during the second half of FY 2013-14 as seasonal demand bring in more imports, an HSBC report says.
Hockey greats Balbir Singh (Sr) and Ajit Pal Singh hailed India's Asian Games gold medal-winning effort but felt the players still have a mountain to climb to succeed at the World and Olympic level.
Maharashtra quarter-miler Aishwarya Mishra is giving a torrid time to authorities as she has "disappeared" after winning a gold in the Federation Cup National Championships, last month.
The International Olympic Committee dashed Russian athletes' hopes of marching behind their national flag at the Winter Games on Sunday, deciding against immediately lifting Russia's Olympic suspension after fresh doping violations
Simone Biles' triumph made her the fourth successive American to win the title -- following the successes of Carly Patterson, Nastia Liukin and Gabby Douglas -- which is the longest winning streak by a country in the Olympic discipline.
India, who have been among the top teams over the last five years but unable to win a major trophy
Ms Usha may soon discover that winning four gold medals at the Asian Games and qualifying for the Los Angeles Olympics is a walk in the park compared with the challenges of stabilising governance at the IOA, observes Kanika Datta.
Jimmy Patel, MD & CEO, Quantum Mutual Fund, suggests some valuable financial gifts for your children.
Bahrain's Ruth Jebet blew away the competition to win the women's 3,000 metres steeplechase gold on Sunday, but narrowly missed out on the world record. Jebet ran a bold race, bursting into the lead after a few laps and setting a blistering pace to win in 8 minutes, 59.75 seconds, just shy of the 8:58.81 world record set by Russia's Gulnara Galkina at the 2008 Beijing Games.
Elia Viviani's Olympic gold medal hopes seemed to have vanished in a tangle of legs and carbon fibre after a crash during the finale of the men's omnium but the Italian recovered to claim an emotional victory.
