The investors write to new finance minister; say refunds, not arrests, their priority.
The group needs to rustle up Rs 5,000 crore in cash and an equal amount in bank guarantees for bail.
A federal jury on Monday convicted Susan Xiao-Ping Su, the founder of California-based Tri Valley University.
A delegation of account-holders went to Sion police station in central Mumbai and submitted the complaint against officials of the bank on which the RBI has imposed operational restrictions. The delegation in its complaint alleged that at least 14 people, including the PMC Bank's chairman and all its directors, were involved in misappropriation of funds of the account-holders.
ED had arrested group chairman Gautam Kundu on March 25.
These builders had collected the taxes from prospective buyers but had failed to deposit them.
The investigating agency wants to ascertain the actual purpose of the deal.
Artificial Intelligence will create 2.3 million machine learning jobs by 2020.
Summing up the year gone by, Sebi Chairman U K Sinha told PTI that the regulator was also able to provide clarity and a direction to the market in areas like corporate governance and investor protection during 2013.
Private players offer convenience for slightly higher rental than banks.
RBL Bank is no Yes Bank. It's not fraught with fraud. It's a story of limitless ambition and greed for growth under a leader who doesn't want to give up, says Tamal Bandyopadhyay.
The PNB ambassador is Virat Kohli, Priyanka Chopra and Siddharth Malhotra are the faces of the Nirav Modi label, Kangana Ranaut, Kriti Sanon and others endorse the family of brands under the Gitanjali Group.
Subrata Roy is in jail since March last year.
United States President Barack Obama on Tuesday slammed Republican presidential nominee Donald Trump for making false allegations about rigging of the elections and asked the real estate tycoon to stop whining and make his case to get votes.
Big Eyes easily evokes a mix of fascination and empathy and you just can't stop looking, says Paloma Sharma.
'The amount involved could as high as Rs 3,500 crore as there are a lot of depositors.' 'Yesterday, I met an investor who put in Rs 4 crore. That man doesn't have Rs 2,000 to spend on medicines.'
H1-B holders in the US can rest assured that changes are soon coming which will bring both simplicity and certainty to your stay, including a potential path to citizenship: Trump.
As a multi-agency probe continues in Saradha scam, findings of one official investigation suggests that the group floated at least 279 companies to channelise money collected from gullible investors as part of a vast 'ponzi' network.
'It is strange a government that is bold and coercive has meekly chosen to do more of what has repeatedly failed to work in the past.' 'And sadly, rating agencies, the business community, fund managers, and analysts, who know this, have chosen to act as compulsive cheerleaders,' says Debashis Basu.
.jpg)
The Reserve Bank on Monday warned lenders against outsourcing their credit processing activities to third-party entities.
The common denominator: They were predominantly Gujarati, mostly male, and either related by blood or very well-known to Nirav.
.jpg)
Corporate lawyers say the fine on independent directors will make them more cautious and some will be wary of taking assignments from companies with low corporate governance standards.
Not only is your privacy stripped stark naked, says Mitali Saran, the system itself is illegal and vulnerable.
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.
Satyam's employees had to undergo mental trauma, job uncertainty and financial problems, after many were forced to leave.
Ask your HR department for details about the fund, trustees and returns
The decision to do away with Rs 500 and Rs 1,000 notes accelerated the slowdown in economic activity with growth averaging 6.8 per cent in the seven quarters after it, as against an average of 8 per cent in the six quarters preceding it, says former chief economic advisor Arvind Subramanian.
Under the EB-5 visa programme you can become a US citizen provided you invest $500,000 in an approved project and create targeted employment. But only 700 Indians can do so each year.
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices added 0.6% and 1.3%, respectively to touch their fresh lifetime highs.
This is one of the many such cases that helped to create an acute fear psychosis among public sector bankers, reveals Tamal Bandyopadhyay in his fascinating new book Pandemonium: The Great Indian Banking Tragedy.
As part of their deal Diageo agreed to pay Mallya, $75 million for stepping down as chairman of United Spirits and for entering into a non-compete pact
Replying to a debate on Motion of Thanks on the President's Address which was adopted by the House later amid walkout by Congress, he replied point-by-point to the issues raised by the Opposition, including surgical strikes and allocations for Mahatma Gandhi National Rural Employment Guarantee Act, agriculture sector and for Scheduled Castes. Opposition had moved 190 amendments to the Motion which were negated.
While you can land a very good bargain in an auction at times, you might need to deal with illegal occupants and dues on the property
What is the National Herald case all about? Here's a ready reckoner.
The three promoters - Anil Kumar Sharma, Ajay Kumar and Shiv Priya - had diverted Rs 1,500-1,600 crore through bogus methods like loans and advances between group firms at inflated rates.
Does Abhijit Banerjee's Nobel Prize help India reduce extreme poverty, asks Rajeev Srinivasan.
The blockchain, the public ledger that tracks every bitcoin transaction, is changing commerce as we know it, says Devangshu Datta.
Suitors came with all-cash offers but were rebuffed
Indian business, on quite a different trajectory from its global counterpart, remains relatively insulated from any kind of backlash.
Diamond exporters are considering stopping the import of rough diamonds.
