News for 'securities fraud'

CSK's U-19 WC star Hangargekar accused of age-fudging

CSK's U-19 WC star Hangargekar accused of age-fudging

Rediff.com19 Feb 2022

Maharashtra State Sports Commissioner Omprakash Bakoria has written to the Board of Control for Cricket in India seeking 'strict action' against India Under-19 World Cup-winning member Rajvardhan Hangargekar for age fraud.

Netanyahu-led coalition to form govt in Israel

Netanyahu-led coalition to form govt in Israel

Rediff.com4 Nov 2022

Former Prime Minister Benjamin Netanyahu led right-wing bloc has secured an emphatic victory in Israel's general elections by claiming 64 out of the 120 seats in parliament, bringing the country's longest-serving premier back at the helm after a brief gap and also ending prolonged political instability.

Cops recreate conman Sukesh's meetings with Nikki Tamboli, Sofia Singh in Tihar

Cops recreate conman Sukesh's meetings with Nikki Tamboli, Sofia Singh in Tihar

Rediff.com27 Sep 2022

The police said ever since Chandrasherkar has been jailed, the prison had become a hub of illegal activities which he carried out with the help of jail officials.

UK court allows Nirav Modi to appeal against extradition

UK court allows Nirav Modi to appeal against extradition

Rediff.com9 Aug 2021

A high court judge in London on Monday granted fugitive diamond merchant Nirav Modi permission to appeal against a magistrates' court order in favour of extradition to India to face charges of fraud and money laundering before the Indian courts on mental health and human rights grounds. Justice Martin Chamberlain delivered his verdict remotely under COVID-19 rules to conclude that the arguments presented by the 50-year-old diamond merchant's legal team concerning his "severe depression" and "high risk of suicide" were arguable at a substantial hearing. He also noted that the adequacy of the measures capable of preventing "successful suicide attempts" at Arthur Road Jail in Mumbai, where Nirav Modi is to be detained upon extradition, also fall within the arguable ambit.

Adani Group touts 'very healthy' balance sheet to calm investors

Adani Group touts 'very healthy' balance sheet to calm investors

Rediff.com15 Feb 2023

Billionaire Gautam Adani's embattled conglomerate said its balance sheet is "very healthy" and is laser focused on continuing business momentum, as it looked to reassure investors to keep faith in the conglomerate despite a share rout triggered by a damning report by a US short-seller. Group CFO Jugeshinder (Robbie) Singh in an earnings call said the group is confident of its internal controls, compliance and corporate governance. Separately, it released a compendium of group companies to highlight that it has adequate cash reserves and has ability to refinance debt.

Mallya, Nirav Modi, Mehul Choksi are coming back to face law: FM

Mallya, Nirav Modi, Mehul Choksi are coming back to face law: FM

Rediff.com18 Mar 2021

Finance Minister Nirmala Sitharaman on Thursday said that fugitive businessmen Vijaya Mallya, Nirav Modi and Mehul Choksi are "coming back" to India" to face the law.

Disruptions continue in Parl over Rahul remark, Adani

Disruptions continue in Parl over Rahul remark, Adani

Rediff.com20 Mar 2023

Parliament's Budget session has been a washout since the beginning of its second part on March 13, with the BJP demanding an apology from Gandhi.

Who is George Soros? The man who criticised Narendra Modi

Who is George Soros? The man who criticised Narendra Modi

Rediff.com17 Feb 2023

George Soros, who is in the eye of the storm over his remarks against Prime Minister Narendra Modi on the Adani issue, is an Hungarian-born American financier, philanthropist, and activist whose success as an investor made him one of the wealthiest men in the world. He is also known as a powerful and influential supporter of liberal social causes. In a speech at the Munich Security Conference on Thursday, the billionaire philanthropist said he believes the turmoil at Gautam Adani's business empire may weaken Prime Minister Narendra Modi's hold on the government, a statement which was strongly contested by the BJP as an attack on Indian democracy.

Nirav Modi has been dethroned!

Nirav Modi has been dethroned!

Rediff.com2 Mar 2022

If there were an Olympics for bank frauds in India, Rishi Agarwal, founder and former chairman of ABG Shipyard Ltd, a nephew of the Ruia brothers of the Essar group, would bag the gold, pushing Nirav Modi to his right, says Tamal Bandyopadhyay.

SOVA Android phone malware targets banking customers

SOVA Android phone malware targets banking customers

Rediff.com15 Sep 2022

A new mobile banking 'Trojan' virus -- SOVA -- which can stealthily encrypt an Android phone for ransom and is hard to uninstall is targeting Indian customers, the country's federal cyber security agency said in its latest advisory.

Additional security features for ATM cards soon

Additional security features for ATM cards soon

Rediff.com22 Aug 2013

Cyber crime wing has been receiving 4-5 complaints every day involving impersonation

Assets of Videocon promoters to be frozen, attached

Assets of Videocon promoters to be frozen, attached

Rediff.com1 Sep 2021

The National Company Law Tribunal (NCLT) has directed to freeze and attach assets and properties of Videocon promoters following a petition by the ministry of corporate affairs. The NCLT Mumbai bench has directed the Central Depository Services Ltd (CDSL) and National Securities Depository Ltd (NSDL) that securities owned or held by the Videocon promoters "in any company or society be frozen, and be prohibited from being transferred or alienation" and the details be shared with the Ministry of Corporate Affairs (MCA). It directed the Central Board of Direct Taxes (CBDT) to disclose information about all assets of the Videocon promoters in their knowledge or possession, for the purpose of freezing and restraining such assets.

This man 'topi pehnau-ed' India: Mahua Moitra on Adani row

This man 'topi pehnau-ed' India: Mahua Moitra on Adani row

Rediff.com8 Feb 2023

Moitra brought two birthday caps in the House to press her argument that the businessman being most talked about had "topi-pehnau-ed" the government.

Women Leaders: A Way To IPO Success?

Women Leaders: A Way To IPO Success?

Rediff.com10 Jan 2023

Indian society may be more advanced than we think it is, notes Ajit Balakrishnan.

CBI questions Vijay Mallya in alleged loan default case

CBI questions Vijay Mallya in alleged loan default case

Rediff.com10 Dec 2015

The debt-laden Kingfisher Airlines stopped operations in October 2012.

Was Nirav Modi tipped off?

Was Nirav Modi tipped off?

Rediff.com7 May 2021

'One cannot avoid speculating whether there was something else at play that led to the uncovering of this saga.'

7 Adani stocks faced regulatory surveillance since 2019

7 Adani stocks faced regulatory surveillance since 2019

Rediff.com7 Feb 2023

Amid a political furore over a meltdown in the Adani group shares, stock market data shows it is not only the plunge now but the sharp surge of the past also drew regulatory attention and enhanced surveillance. Adani group stocks have taken a huge beating on the bourses, losing billions of dollars in market value, after US-based activist short-seller Hindenburg Research made a litany of allegations, including fraudulent transactions and share price manipulation at the Gautam Adani-led group. The Adani group has dismissed the charges as lies, saying it complies with all laws and disclosure requirements.

Freedom of religion doesn't include right to convert: Gujarat in SC

Freedom of religion doesn't include right to convert: Gujarat in SC

Rediff.com4 Dec 2022

The Gujarat high court had through its orders dated August 19 and August 26, 2021 had stayed the operation of section 5 of the state government's Freedom of Religion Act of 2003.

At UN, India votes against Russia's call for secret vote on Ukraine

At UN, India votes against Russia's call for secret vote on Ukraine

Rediff.com11 Oct 2022

Only 13 nations voted in favour of Russia's call for a secret ballot on draft resolution on Ukraine.

NSEL fraud: I-T turns the heat on brokers

NSEL fraud: I-T turns the heat on brokers

Rediff.com9 Oct 2013

Department seeks investor database on the suspicion of fictitious investors.

Sebi bans Mehul Choksi from capital markets for 1 yr, slaps Rs 2.5-cr fine

Sebi bans Mehul Choksi from capital markets for 1 yr, slaps Rs 2.5-cr fine

Rediff.com31 Jan 2022

Sebi has barred fugitive businessman Mehul Choksi and one Rakesh Girdharlal Gajera from the capital markets for one year and levied a fine totalling Rs 2.5 crore on them for violating insider trading rules in the matter of Gitanjali Gems. In addition, they have been restrained from buying, selling or otherwise dealing in securities of Gitanjali Gems Ltd (GGL) for a period of two years. Also, the Securities and Exchange Board of India (Sebi) has directed Gajera to disgorge a sum of Rs 15.82 crore.

Ghulam Nabi Azad quits Cong after 50 yrs, blames Rahul

Ghulam Nabi Azad quits Cong after 50 yrs, blames Rahul

Rediff.com26 Aug 2022

Senior Congress leader Ghulam Nabi Azad on Friday resigned from all party positions, including its primary membership, delivering another blow to the embattled party that has seen a series of leaders leave it.

Bypoll results: SP defends Mainpuri, BJP wins 2 seats but loses 1, Congress 2

Bypoll results: SP defends Mainpuri, BJP wins 2 seats but loses 1, Congress 2

Rediff.com8 Dec 2022

The ruling BJP in UP, however, lost Khatauli to Samajwadi Party ally Rashtriya Lok Dal.

A Week In The Life Of A PSU Banker

A Week In The Life Of A PSU Banker

Rediff.com12 May 2023

'The CM kept his cool, but his adviser was liberal with filthy language.' Tamal Bandyopadhyay recreates the diary of a general manager in a public sector bank, providing a glimpse of how they balance their work and life.

Beware, cybercriminals offering 'Free Omicron Test', warns MHA

Beware, cybercriminals offering 'Free Omicron Test', warns MHA

Rediff.com31 Dec 2021

Amid a rise in Omicron cases, the Ministry of Home Affairs (MHA) has issued an advisory against cybercriminals targeting potential victims by offering them free tests for detecting Omicron variant of COVID-19.

How to DEFEAT the NEXT Pandemic

How to DEFEAT the NEXT Pandemic

Rediff.com3 Nov 2021

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.

Concerned by CBI's requests pending with states: SC

Concerned by CBI's requests pending with states: SC

Rediff.com8 Nov 2021

A bench of Justices S K Kaul and M M Sundresh referred to the affidavit filed by the CBI Director in pursuance to the top court's earlier direction asking to apprise it about the steps to be taken to strengthen their prosecution unit, the bottlenecks, and also about conviction rate in matters probed by the agency.

As Budget session convenes, Oppn seeks debate on Adani row, govt to go by rules

As Budget session convenes, Oppn seeks debate on Adani row, govt to go by rules

Rediff.com30 Jan 2023

The session will commence with the maiden address of President Droupadi Murmu to the joint sitting of both Houses of Parliament. The address essentially highlights the government's achievements and policy priorities.

Ivanka Trump believed her father lost 2020 US poll

Ivanka Trump believed her father lost 2020 US poll

Rediff.com10 Jun 2022

The former Attorney General was also seen noting that Trump's claims of a stolen election were "bullsh**."

Mumbai society vaccine scam: 2 held as residents suspect 'fake' shots

Mumbai society vaccine scam: 2 held as residents suspect 'fake' shots

Rediff.com16 Jun 2021

Mumbai Police sources on Wednesday said that though the matter is still under investigation, what they found is that beneficiaries received their certificates but with different dates and locations of vaccination.

Mastermind of Chinese shell firms arrested

Mastermind of Chinese shell firms arrested

Rediff.com12 Sep 2022

The Serious Fraud Investigation Office (SFIO) has arrested a person who the Ministry of Corporate Affairs (MCA) said has emerged as the mastermind of the racket of incorporating a large number of shell companies with Chinese links in India.

Card fraud: Banks can't shrug responsibilities

Card fraud: Banks can't shrug responsibilities

Rediff.com27 Sep 2013

The acquiring banks have to pay the amount paid by the bank without doubt within three working days of the issuing bank raising the claim, failing which the RBI would be constrained to compensate the issuing bank by debiting the account of the acquiring bank maintained with the bank.

Sitharaman on Adani fallout: Regulators will look into it

Sitharaman on Adani fallout: Regulators will look into it

Rediff.com4 Feb 2023

India's economic image is not affected due to Adani Group's recent decision to pull out Rs 20,000 crore FPO (follow-on public offers) amid allegations of financial wrongdoings, Finance Minister Nirmala Sitharaman said on Saturday.

SC upholds cancellation of Abdullah Azam Khan's election to UP assembly

SC upholds cancellation of Abdullah Azam Khan's election to UP assembly

Rediff.com7 Nov 2022

The litigation in the present case relates to the existence of two birth certificates of Abdullah Azam who allegedly gave the wrong date of birth while filing his nomination papers for the 2017 poll.

Biden bars Russian flights, says Putin wrong, US is ready

Biden bars Russian flights, says Putin wrong, US is ready

Rediff.com2 Mar 2022

"Throughout our history we've learned this lesson -- when dictators do not pay a price for their aggression, they cause more chaos. They keep moving. And, the costs and threats to America and the world keep rising," Biden said addressing the joint session of the Congress in his first State of the Union.

PM chairs key all-party meet on G-20, seeks cooperation

PM chairs key all-party meet on G-20, seeks cooperation

Rediff.com5 Dec 2022

Opposition leaders urged Modi to use the opportunity for the country's benefit.

Card tokenisation deadline extended by 3 months till Sep-end

Card tokenisation deadline extended by 3 months till Sep-end

Rediff.com24 Jun 2022

The Reserve Bank of India (RBI) on Friday extended the card-on-file (CoF) tokenisation deadline by three months to September 30, 2022, in view of various representations received from industry bodies. Card-on-file, or CoF, refers to card information stored by payment gateway and merchants to process future transactions. Tokenisation is the process of replacing actual card details with a unique alternate code called 'Token' - thereby enabling more secure transactions.

Trump calls US 'third world country' in latest attack on election results

Trump calls US 'third world country' in latest attack on election results

Rediff.com8 Dec 2020

'If you look at the polls, it was a rigged election. You look at the different states. The election was totally rigged. It's a disgrace to our country'

Tokenisation to interest rates: All about RBI's new credit card rules

Tokenisation to interest rates: All about RBI's new credit card rules

Rediff.com11 Oct 2022

The Reserve Bank of India's (RBI) new rules for credit and debit cards came into effect from October 1. These include tokenisation, one-time password (OTP) for activation after 30 days, written permission for enhancement of credit limit, and greater clarity on interest calculation.

For Adani, magic happened after 2014: In LS Rahul links group's rise to Modi

For Adani, magic happened after 2014: In LS Rahul links group's rise to Modi

Rediff.com8 Feb 2023

Leading the Opposition attack over the Adani-Hindenburg issue in the Lok Sabha, Rahul Gandhi on Tuesday linked Gautam Adani's meteoric rise to Prime Minister Narendra Modi's coming to power and said "magic" happened after 2014 that propelled the businessman from the 609th to the second spot on the global rich list.