Kochhar is required to assist the investigating officer of the case in taking the probe forward and her statement will be recorded under the Prevention of Money Laundering Act (PMLA).
Heads of various public and private sector banks on Thursday sought to present a counter-narrative on RBI Governor Shaktikanta Das warning lenders about the perils of extreme risk aversion in the pandemic-stricken environment where credit demand is on the wane.
Some believe she should no longer be the face of the struggle to free Myanmar from the new military dictatorship, observes Prakash Bhandari.
The five Ahmedabad-based call centres that made calls to people living in the US are Hglobal, Call Mantra, Worldwide Solution, Zoriion Communications and Sharma BPO Services.
Members of the National Cricket Academy's sub-committee were in for a rude shock when it was intimated that the Board of Control for Cricket in India lost a whopping Rs 50 crore on a dubious land deal and is now mulling initiating criminal proceedings against those involved in the mess.
Not to say that India couldn't have handled the situation better, but on average, it didn't do anywhere near as badly as the naysayers make it out argues Rajeev Srinivasan.
The US on Friday issued orders to ban popular Chinese social media apps TikTok and WeChat from Sunday to safeguard national security, weeks after India banned them, saying they were prejudicial to sovereignty, integrity and security of the country.
'Completely disregarding ground reports of starvation deaths owing to Aadhaar and potentially disguising these deaths to look like accidents appears brutal,' says Rajendran Narayanan.
"The downgrade of the bank's BCA and ratings reflects the negative impact of the discovery of a number of fraudulent transactions on the bank's standalone profile, particularly its capital position," the rating agency said in a report.
Maradona's inheritance process is likely to be a messy affair between his large family, with eight children from six different partners
A group of Indian workers in the US have filed a lawsuit in a district court against the Swaminarayan sect BAPS, accusing it of human trafficking and wage law violations during the construction of a massive temple in New Jersey.
Charges against Raju and others include criminal conspiracy and forgery.
The extraordinary admission on Tuesday came the same day as Trump's former campaign chairman, Paul Manafort, was convicted of five counts of tax fraud, two counts of bank fraud and one count of failure to disclose a foreign bank account. The jury was unable to reach a verdict on the remaining 10 counts, and the judge declared a mistrial on those charges.
The raging controversy over the fake COVID-19 vaccination camps in parts of Kolkata snowballed into a political storm ensnaring into it several TMC leaders, prompting the opposition BJP to demand a CBI probe into a 'larger conspiracy' in the case.
His nomination was announced by the outgoing President, Anthony Wreford, at the MCC Annual General Meeting at Lord's in May this year.
Raju was arrested by the Crime Investigation Department of Andhra Pradesh Police two days later along with his brother.
The notification has been issued following cyber attacks.
This is one of the major corporate frauds in the country.
Raju was arrested by the Crime Investigation Department of Andhra Pradesh Police two days later along with his brother.
Proceeds of the crime had been siphoned off and laundered or concealed, or layered and integrated into the main financial system through the acquisition of properties. His wife Bindu Kapoor has been charged with being aware of the source of monies that were being routed through these companies.
However, the road to profitability has already hit some hurdles for the Delhi-based bank as the Union government has rejected its demand for an additional capital infusion of around Rs 8,000 crore in 2018-19
The law firm had specifically named the bank's chief executive and managing director of over 25 years, Aditya Puri, his designated successor Sashidhar Jagdishan and company secretary Santosh Haldankar as defendants.
National auditor says a significant part of NPAs was due to fraud and may never be recovered
The central government has already conducted an assessment of security cover given to prisoners in the Arthur Road Jail and its findings conveyed to the UK court.
PwC one of the big four audit firms, has expressed disappointment at the conviction of two former partners in the Satyam scam.
Japanese auto major Suzuki Motor Corporation (SMC) on Wednesday said its long-serving chairman Osamu Suzuki will retire and assume the role of senior advisor subject to shareholders' approval in the ordinary general meeting to be held in June this year.
Talks between Chinese Vice Foreign Minister Xie Feng and US Deputy Secretary of State Wendy Sherman to improve the relations got off on a rough note at the northeastern Chinese port city of Tianjin, with Xie launching a blistering attack on Washington, accusing it of being the "owner of coercive diplomacy".
Why is the Indian cricket team still using the Board of Control for Cricket in India (BCCI) logo which resembles 'Star of India' honour given by the British to their favourite princes in colonial times?
The assets have been attached as part of five separate orders issued by the central probe agency under the Prevention of Money Laundering Act, it said.
If the CBDCs don't offer interest, why will people shift from cash to CBDCs?, asks Tamal Bandyopadhyay.
A Brazilian judge threw out a tax evasion case against Barcelona forward Neymar on Thursday because Brazil's inland revenue has yet to finish its own deliberations in the case.
The next phase is when factors such as prison conditions in India are likely to take centre-stage.
Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, jumped to 2.55 billion Swiss francs (over Rs 20,700 crore) in 2020 on a sharp surge in holdings via securities and similar instruments, though customer deposits fell, annual data from Switzerland's central bank showed on Thursday. The increase in aggregate funds of Indian clients with Swiss banks, from 899 million Swiss francs (Rs 6,625 crore) at the end of 2019, reverses a two-year declining trend and has taken the figure to the highest level in 13 years. It stood at a record high of nearly 6.5 billion Swiss francs in 2006, after which it has been mostly on a downward path, except for a few years including in 2011, 2013 and 2017, as per the Swiss National Bank (SNB) data.
"India should also be a powerhouse in world football but it is not, because of match-fixing in cricket for goodness sake'
Illustrious international thinkers met at the Milken Institute Global Conference 2021 and many discussions addressed the impact of the COVID-19 pandemic on the world at large.
Speaking shortly after taking oath as the 46th President of the United States, 78-year-old Biden also pledged to repair America's global alliances, which suffered during his predecessor Donald Trump's four-year regime.
Vikram Kothari took a loan of Rs 485 crore from Mumbai-based Union Bank of India and a loan of Rs 352 crore from Kolkata-based Allahabad Bank. A year later, Kothari has reportedly not paid back either the interest or the loan.
Valuers have found almost no assets to pay for their claims against the Videocon group that entered the insolvency process in 2018. But the dissenters suggest that the money is elsewhere, possibly in the group's oil and gas assets, which are not part of the group's bankruptcy case.
Doubts about Force India being able to race at Spa, the first Grand Prix since the August break, emerged on Wednesday with reports of legal complications.
The size of the Indian financial services market could touch around $340 billion in the next few years.
