Edelweiss ARC, in a statement, denied that any undue pressure was brought to bear on Desai for loan recovery.
The high court said the investigation has shown the crime proceeds were used for air travel and purchase of high-end branded gifts for Bollywood celebrities.
It's travel time for everyone, including Bollywood's celebrities.
ECL Finance Company MD and three officials were on Tuesday quizzed for nearly eight hours by the Raigad police in Maharashtra probing the alleged suicide of film art director Nitin Desai, an official said.
The CBI has booked Kanpur-based Rotomac Global and its directors for Rs 750.54 crore for alleged fraud in Indian Overseas Bank, officials said. The company, which was in the business of writing instruments, has a total outstanding of Rs 2,919 crore against a consortium of seven banks led by Bank of India in which Indian Overseas Bank has an exposure of 23 per cent. The agency has booked the company and its Directors - Sadhna Kothari and Rahul Kothari - under IPC sections related to criminal conspiracy (120-B) and cheating (420), besides various provisions of the Prevention of Corruption Act.
Spurred by Chirag Jani's a five-wicket haul, defending champions Saurashtra scripted their first knockout win of the season with a 238-run thrashing of Vidarbha on the third day of their Ranji Trophy Elite Group A match in Nagpur on Sunday.
A day after the mega launch, the party continues at the Nita Mukesh Ambani Cultural Centre.
Sources said the report of the law panel on simultaneous polls is not yet finalised. They said "some more things are required to be done", indicating that the law panel will be invited again by the high-level committee.
Gauri, it seems, has spoken on the trauma she went through when her eldest child Aryan was jailed for a month.
Hard core glamour and entertainment were the highlights of the second edition of the Pinkvilla Style Icons Awards, held in Mumbai over the weekend.
Law Minister Arjun Ram Meghwal will attend the meetings of the committee as a special invitee, while legal affairs secretary Niten Chandra will be secretary to the panel.
Kharge termed the high-level committee constituted by the Centre to examine the feasibility of 'One Nation, One Election' a 'gimmick' and alleged the Modi government wants to slowly replace democracy in India with dictatorship.
Like every year, Anil Kapoor's wife Sunita invited her friends over to celebrate Karva Chauth.
Who attended Neelam Kothari's party to launchWher luxury interior brand?
India's mutual fund (MF) industry had barely any retail footprint when it completed 50 years in 2013. MFs had Rs 7 trillion in assets under management (AUM) in March 2013, of which around Rs 5 trillion was in institution-focused debt funds. By comparison, bank deposits in the country stood at Rs 67.5 trillion around the same time.
The annual IIFA weekend in Abu Dhabi saw Bollywood's top stars in attendance, as they walked the green carpet and put up power-packed performances.
It said Naisar Kothari, a resident of Bhavnagar in Gujarat, was arrested under sections of the Prevention of Money Laundering Act (PMLA) and he has been sent to the ED custody till December 22 by a court.
We know Maheep Kapoor's got a sassy personality because of the show Fabulous Lives of Bollywood Wives, her Instagram feed tells us she loves travel, fashion and of course her family and friends.
A high-level committee to explore the feasibility of conducting simultaneous elections, headed by former president Ram Nath Kovind, held its first meeting in New Delhi on Saturday and decided to invite political parties and the Law Commission to seek their views on holding synchronised polls in the country, a statement said.
Saurashtra's middle-order batter Sheldon Jackson followed in senior teammate Cheteshwar Pujara's footsteps, completing his century on day two of their Ranji Trophy Group A tie against Rajasthan to guide the defending champions to a 300-plus total in Jaipur on Saturday.
She wasn't a familiar face until the Fabulous Lives of Bollywood Wives made sure *everybody* knew Bhavana Pandey and the star life that she led, being married to Chunky Panday and being mom to Ananya Panday.
Google, in its latest appeal to the Supreme Court, has said the Competition Commission of India (CCI) is protecting Amazon's interests after having complained that India's anti-competition body (CCI) had copied part of a European Commission ruling against it for allegedly abusing the market dominance of Android. The latest twist to the Google-CCI case comes as Google filed an appeal in the Supreme Court on June 26, against the National Company Law Appellate Tribunal's (NCLAT's) March 29 order. The tech giant's contention is that the NCLAT failed to apply the "effect analysis" part in the CCI order.
Namrata Thakker peeks into the travel diaries of these celebs.
Sent in to bat, North Zone couldn't get any momentum and were reduced to 17 for two in 6 overs.
Madhuri Dixit forays into the OTT universe with the thriller The Fame Game.
Vikram Kothari, managing director of Rotomac Pens, is now fighting a battle that might be difficult to win.
Vigilance Commissioner Suresh N Patel was on Wednesday appointed as the Central Vigilance Commissioner, a year after the post fell vacant.
According to a complaint from Bank of Baroda, the conspirators allegedly cheated a consortium of bank loans of Rs 3,695 crore. The scam was earlier estimated at around Rs 800 crore.
Neelam Kothari and her husband Samir Soni enjoyed a beautiful weekend in Kashmir, taking in the Gulmarg Winter festival, organised by the Indian Army to promote tourism in the valley.
'With English the most rapidly growing medium of instruction in India's schools and accounting now for more than one-sixth of the total (next only to Hindi, which accounts for a half), India is not about to turn its face away from a language that has global currency,' notes T N Ninan.<
British Prime Minister Boris Johnson, who landed in Ahmedabad on Thursday morning on a two-day India visit, was accorded a grand welcome at the airport in Ahmedabad. Soon after, he visited Sabarmati Ashram in the company of Gujarat Chief Minister Bhupesh Patel.
Rediff.com's Contributing Photographer Pradeep Bandekar captures the stars as they go about their lives.
Meesho has emerged as the second-largest player by order share in this year's festive sales till now, surpassing Amazon, while Flipkart Group platforms topped the market in both orders and gross merchandise value (GMV), according to according to a report by consultancy firm Redseer. It said Flipkart Group maintained its leadership position with a 62 per cent market share in terms of GMV during the first week of the festive season, followed by Amazon which had 26 per cent share, while the remaining 12 per cent was distributed among other e-commerce players. In terms of order volume, Flipkart Group again leads the market with about 49 per cent share and SoftBank-backed Meesho ranks second with about 21 per cent order share, according to Redseer.
Pankaj Advani won the Senior National Billiards Championship yet again, scoring a 5-2 victory over Sourav Kothari in a pulsating final, in Kolkata, on Tuesday.
The media must confine itself to honest journalism and not use it as a tool to expand its influence and business interests, Chief Justice of India (CJI) NV Ramana said on Tuesday.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Saqib-Shriya shoot together... Alaya wraps up a film... Mrunal goes sight-seeing...
Photographer Pradeep Bandekar catches showbiz folk going about their business over the weekend.
Police have already arrested three persons in connection with Kothari's murder.
