'The CBI suspects A Raja of favouring Swan Telecom, a wing of DB Realty. A chain of firms connected to DB Realty transferred over Rs 200 crore to a television network connected to M Karunanidhi's immediate family....'
'I was shocked by the kidnapping episode. I could have lost my life.'
Confidence had ebbed in the last few years due to default by some errant domestic retailers and exporters. Moreover, many jewellers are believed to have diverted the fund collected through monthly deposit schemes to pay 'mark-to-market' margins on various loans.
The consent is akin to a blanket nod for the agency to probe scheduled offences specified in the Delhi Special Police Establishment Act (DPSE) Act, 1946.
Special CBI Judge Swarana Kanta Sharma observed that the accused was 'concealing himself' and despite issuance of non bailable warrants against him twice, he could not be arrested by the probe agency.
A flavour-of-the-season approach does not work in investing, suggests Deepesh Raghaw.
In four years, the state has had to battle cyclones, two floods, and two epidemiological disasters. If people bring Pinarayi Vijayan back to power, he must have done something right, obsevers Aditi Phadnis.
The first sign that shows a government is serious about an issue is when it appoints a high-powered committee to look into matters.
They said the global arrest warrant against the Belgian national Nehal, 40, has been issued on charges of alleged money laundering that is being probed by the Enforcement Directorate.
Banks have become more vigilant over the past two weeks, with many more officials involved in loan approval and disbursal.
Given how everything has played out, Mehul Choksi, now 62, achieved all that he wanted but for all the wrong reasons, says Pavan Lall.
Beginning with the bird's eye view of itself -- a narrow state of hills, rivers and high population density, in a tapering part of the Indian subcontinent. It can be a beautiful place shaped by aesthetic founded in appropriate lifestyle and progressive views, or a junkyard shaped by money and what money buys. The choice is Kerala's, notes Shyam G Menon.
Among the major political parties, chief minister Nitish Kumar's Janata Dal-United is contesting in 35 of the 71 seats, followed by its ally Bharatiya Janata Party (29), while the opposition Rashtriya Janata Dal has fielded its candidates in 42 and its coalition partner Congress is in the fray in 20 assembly segments.
The possibility of the slowdown affecting more players is greater if the industry doesn't get access to easier finance in the next six to eight months.
As economic policy making moves from pragmatism to populism, the bulls begin to make way for cautious optimists.
There was a massive 24% decline in India's gems and jewelry exports to $2,321 million for September 2018 as against $3,053.38 million in the same period last year.
He attacked the dispensation over issues such as the state of the economy, the situation in Kashmir, the National Register of Citizens in Assam and action by probe agencies against opposition leaders.
The hounding of Rhea Chakraborty in the Sushant Singh Rajput case is a drug that is being carefully pumped into India's veins to make it comfortably numb as it is wracked by economic ruin and disease, notes Sumit Bhattacharya.
Wanted diamond merchant Nirav Modi on Thursday lost his fight against being extradited to India as a United Kingdom judge ruled that he can be sent back to face charges of fraud and money laundering in the estimated $2 billion Punjab National Bank scam case.
'This is a Frankenstein's monster that will engulf us all in its rage and greed.' 'This fake news/WhatsApp forwards industry -- and especially, the use of it in politics -- is one of the biggest threats to our world today,' warns Amit Mehra.
He termed the Centre's decision to demonetise Rs 500 and Rs 1,000 notes as "surgical strike" on common man's "small savings" and not on "black marketeers".
Despite the 6-month high, trade deficit has widened to a four-month high of $14.62 billion, as imports rose by 14.85 per cent during the month, reports Subhayan Chakraborty.
Reddy, a minister during the previous BJP rule, had been arrested by the Central Bureau of Investigation in 2011 over alleged multi-crore illegal mining scam and granted bail three years later.
The Election Commission's decision is "unfortunate", highly arbitrary, motivated and "biased" and was taken at the behest of the Bharatiya Janata Party, she said in the letter.
From being called 'paon paon wale bhaiya' (foot soldier) by villagers to being addressed as 'Mama' (maternal uncle) by children, Chouhan's long innings at the top was interrupted when the BJP fell short of seven seats from the majority mark in the 2018 polls.
The Enforcement Directorate on Wednesday continued raids for the seventh day as it visited 17 locations across the country, including four shell companies in Mumbai, even as the Income Tax department attached assets worth Rs 145 crore in the alleged Rs 11,400-crore Punjab National Bank fraud.
The news of Bengaluru-based IMA cheating thousands once again underlines the need for investors to steer clear of unregulated deposit schemes. The most important sign of a Ponzi scheme is the promise of exorbitant returns and so investors must ask how the promoter expects to earn the kind of return he is promising, says Sanjay Kumar Singh.
'Four weeks have passed after the scam was exposed, yet no big guy has been arrested.' 'This gives the impression that he wants to be soft on the biggies.'
The ruling coalition won 125 seats in the 243-member state assembly against 110 clinched by the opposition Grand Alliance to pave the way for a fourth successive term for Kumar in office.
'For years, the RBI has been warning banks on probable frauds in bank guarantees and advised them to exercise due care.' 'PSB staffers feel their jobs are secured, hence there is no need to be vigilant and exercise financial prudence.'
Vaihayasi Pande Daniel -- who covers the Sheena Bora murder trial for Rediff.com -- reports on a day in a Ranchi court.
A day before he committed suicide, former Corporate Affair DG B K Bansal had visited the Central Bureau of Investigation headquarters to submit Income Tax certificate showing that his son Yogesh had disclosed over Rs 2.38 crore of unaccounted income to tax authorities.
Aseem Chhabra lists his favourite Indian films of 2021.
During his 15-year-tenure in the office, Chouhan transformed himself from being a shy, simple and vulnerable politician to a wily leader with mass appeal.
He claimed 50 per cent of the country's black money was going to BJP's coffers.
The ED conducted further searches at 21 locations across India.
As many as 17 locations in Delhi, Mumbai, Hyderabad, Jaipur and Surat were raided by the ED.
Tax sleuths have detected over Rs 52 crore of unexplained cash in jewellers' bank accounts
B L Agrawal, a principal secretary in the Chhattisgarh government, was arrested for allegedly bribing people to help him wriggle out of corruption cases pending against him, while J P Singh, a former joint director of in Enforcement Directorate, was held for accepting illegal gratification to favour the accused in the Indian Premiere League betting scam.
Forty-five cows, 20 calves and a double barrel gun with 50 cartridges are among the possessions of former Bihar Chief Minister Rabri Devi who is contesting the Lok Sabha polls as a Rashtriya Janata Dal candidate from Saran constituency.
