Both Purvi Deepak Modi and Neeshal Modi are accused in the $2-billion scam allegedly orchestrated by their elder brother Nirav Modi and uncle Mehul Choksi in Punjab National Bank, they said.
CEA offers three compelling arguments in his case for privatisation of government-owned banks.
Australia has backed a World Anti-Doping Agency (WADA) recommendation that Russia be banned from international athletics, including the 2016 Olympics, after a report alleged systemic state-backed cheating.
India is on the brink of overhauling its tax system, implementing the BEPS project and seeing a further evolution of the GST at the same time as a general election. This makes 2019 an exciting and challenging year, note Maulik Doshi and Jigar Doshi.
The party said that the Delhi cricket body had become a den of corruption during Jaitley's 13-year rule.
The billionaire jeweller, who has fled the country, in the letter also disagreed with the loan default amount of Rs 11,400 crore and pegged the amount his companies owe to the bank at under Rs 5,000 crore.
Sepp Blatter in Russia on first foreign visit since crisis.
Summary of sports events and persons who made news on Friday
Romelu Lukaku scored twice to earn Belgium a 2-1 victory over Switzerland in the Nations League on Friday, lifting the mood in the country after a week marred by match-fixing allegations.
India had given a formal extradition request for Mallya as per the Extradition Treaty between India and the UK through a note verbale on February 8
Infosys is an ethical company with solid processes that respects its customers and this is not going to affect their business, he added.
'It can't be a coincidence that he and his family, uncles and all, vanished from India only days before the scam was discovered.'
Frankfurt's state prosecutor will look into bribery allegations concerning the 2006 soccer World Cup after a magazine report suggested a slush fund had been used to buy votes for the German bid in 2000, an official said on Monday.
The only Indian-American in Congress won the election in 2012 and re-election in 2014 by wafer-thin margins. His race this year is officially a 'close contest'.
The court also restrained RHC Holdings from operating its bank accounts except for payment of salaries and statutory dues till March 23, the next date of hearing.
The incidence of corruption cases can be checked to a large extent if the suggestions already available with RBI and the government are taken seriously, says Shyamal Majumdar.
NCLT allows Shivinder to withdraw petition against his brother Malvinder. Final decision to be taken by family members in their presence.
Explaining the modus operandi, Assistant Commissioner of Police (Crime) Mukund Hatote told a Thane court that "best performing" staffers were given reward of up to Rs 1 lakh by the operators of the racket for making US nationals cough up money.
Two top sponsors of FIFA and its World Cup tournaments on Friday ratcheted up pressure on the global football body for major reforms as a corruption scandal casts a lengthening shadow over the sport.
Franz Beckenbauer, who headed the organising committee for the 2006 soccer World Cup rejected claims that a slush fund had been set up to buy votes and bring the tournament to Germany back in 2000.
Chawla was introduced to Hansie Cronje, the late South African cricket team captain, in January-February 2000. It was suggested to Cronje, by Chawla and another person, that he could make significant amounts of money if he agreed to lose cricket matches.
The latest penalties for insider trading follows an earlier disgorgement order passed by Sebi in July last year.
Switzerland's Ambassador to India Linus von Castelmur also said the past cannot be undone, while promising full support of his country in cases where at least some proof is provided on tax frauds.
For soccer great Diego Maradona, Cuban revolutionary Fidel Castro was more than a friend and fellow Latin American legend, he was "a second father." Maradona said Castro's death late on Friday hit him like a tennis ball to the chest served by Juan Martin del Potro, the Argentine player he cheered on in the Davis Cup final where he received the news. "I wept uncontrollably," Maradona told reporters on the sidelines of the tennis tournament. "After my father, it's the deepest sorrow I know."
The WADA report also identified "systematic failures" at the IAAF, athletics' world governing body, which has been rocked by a French judicial investigation into fraud involving its former chief Lamine Diack and other senior officials.
Increasing migration to cities and urbanisation along with interest from buyers to invest in real estate market, will continue to be the prime demand drivers, according to assurance, tax and advisory firm Grant Thornton.
Traditionally, financial institutions have operated risk functions in silos. However, the nature of unknown threats today requires industry participants to work together, says Vikram Limaye.
Match-fixing bill passed unanimously and a match-fixer in New Zealand could face up to seven years in prison.
While the formation of a holding company will not outright privatise State-owned banks, officials believe it will help the Centre deflect criticism arising out of the latest banking scams.
India has historically not had a strong compliance mechanism around insider trading. This is in stark contrast to developed countries.
India's demand for dropping of all charges against its former Deputy Consular General in New York Devyani Khobragade will come for discussion during the proposed Indo-US dialogue to resolve the issues arising out of her arrest in the US, the government said on Thursday.
Darryl D' Monte, the distinguished enviromental journalist, discusses how the media covers floods in Mumbai or Texas, but ignores Assam or Bangladesh.
Widening its net, the National Anti-Doping Agency (NADA) has, for the first time ever, collected samples from close to 20 tennis players competing at the National Tennis Championships at DLTA Complex, in New Delhi.
External Affairs Minister Salman Khurshid today met his United States counterpart John Kerry in Montreux for the first time after a row over the arrest of an Indian diplomat as they committed to move forward bilateral ties and return to close partnerships on strategic issues.
The arbitration clause is present in almost 95 per cent of corporate agreements, according to tax and audit firm Ernst & Young.
Reaction to WADA's decision to reinstate RUSADA
'RBI was focusing on public sector banks perhaps thinking that private sector banks are managed efficiently while PSU banks are not.' 'Now, RBI has to focus on private sector banks too.'
The RBI on April 6 directed all payments service providers to make sure "that the entire data relating to payment systems operated by them are stored in a system only in India."
Cos ask US treasury to discuss data localisation norms with Indian officials at all platforms the two countries would meet, including G-20, US-India Strategic Dialogue, and IMF Annual Meet.
News of all that's transpired on and off the football field
