News for 'securities fraud'

SAT stays penalty on Satyam's Raju, 4 others; upholds ban

SAT stays penalty on Satyam's Raju, 4 others; upholds ban

Rediff.com8 Sep 2014

The tribunal posted the matter for further hearing in December, when it will decide whether to admit the pleas of the Raju brothers and others against Sebi order.

Jaitley targets CBI over Kochhar probe

Jaitley targets CBI over Kochhar probe

Rediff.com25 Jan 2019

One of the reasons why conviction rates in India are poor is that "adventurism and megalomania overtakes our investigators and professionalism takes a back seat," Jaitley said on Twitter.

China goes on offensive against US at bilateral talks

China goes on offensive against US at bilateral talks

Rediff.com26 Jul 2021

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".

Will SC order help Vijay Mallya in extradition case?

Will SC order help Vijay Mallya in extradition case?

Rediff.com27 Jan 2020

A direction by Chief Justice of India S A Bobde, Justice B R Gavai, and Justice Surya Kant to the Karnataka high court asked the latter to expeditiously settle the matter of assets deposited before it by Mallya for liquidation, and thereby payment to creditors 'preferably not later than three months'. It will be interesting to see the view of the London high court, if the settlement of his dues to Indian creditors is imminent, reports Ashis Ray.

How 3.2 million debit cards were compromised

How 3.2 million debit cards were compromised

Rediff.com24 Nov 2016

Report holds Hitachi responsible for debit card data theft. When the data theft came to light, Hitachi had denied that its systems were compromised.

Have got the world's greatest job, says US legal star Bharara

Have got the world's greatest job, says US legal star Bharara

Rediff.com13 Nov 2013

Prominent Indian-American attorney Preet Bharara has no plans to quit as the chief federal prosecutor in Manhattan anytime soon as he has the "greatest job in the world" but said he will "walk the earth and get into adventures" whenever he retires.

FIR lodged over hacking of Amazon Prime customer's account

FIR lodged over hacking of Amazon Prime customer's account

Rediff.com23 Oct 2020

The FIR was lodged at the Sector 20 police station on Thursday after the complainant, a Noida resident, alleged that her Amazon Prime account got hacked and the problem remains unresolved despite assurance from Amazon boss Jeff Bezos, an official statement said.

UIDAI terms data leak report false, says Aadhaar remains safe

UIDAI terms data leak report false, says Aadhaar remains safe

Rediff.com25 Mar 2018

The UIDAI said it is "contemplating a legal action" against ZDNet, on the issue.

Goldman may pay $1 bn fine to settle lawsuit

Goldman may pay $1 bn fine to settle lawsuit

Rediff.com10 May 2010

Goldman Sachs could end up paying $1 billion (670 million pounds) fine if it wants to settle the criminal lawsuit with the US regulator Securities and Exchange Commission, according to a media report.

England, West Indies suspend Stanford deals

England, West Indies suspend Stanford deals

Rediff.com18 Feb 2009

The England and West Indies cricket boards suspended sponsorship negotiations with financier Allen Stanford following fraud allegations against the Texas billionaire on Tuesday. The US Securities and Exchange commission charged Stanford and three of his companies with alleged fraud involving a multi-billion dollar investment scheme.

IBC: The CURIOUS Case of Videocon

IBC: The CURIOUS Case of Videocon

Rediff.com6 Aug 2021

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.

Unity is the path forward: Biden in maiden speech as US prez

Unity is the path forward: Biden in maiden speech as US prez

Rediff.com21 Jan 2021

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.

Who will get the coveted CBI chief's job?

Who will get the coveted CBI chief's job?

Rediff.com5 Feb 2021

Delhi's power circles can expect a surprise when a not-so-known officer is appointed to head the CBI.

Sebi's plan to phase out physical shares runs into Rs 4trn hurdle

Sebi's plan to phase out physical shares runs into Rs 4trn hurdle

Rediff.com14 Nov 2018

The top three companies in terms of the largest value of physical shares showed over 30 per cent shares are held in physical form. Two of the top three were part of the S&P BSE Sensex and the Nifty50 indices.

Satyam: Secretaries' panel reviews progress

Satyam: Secretaries' panel reviews progress

Rediff.com10 Feb 2009

The review meeting, according to government officials, was attended by the representatives of different ministries, including finance and corporate affairs, Sebi and AP government.

When Smita Patil lived Arth in real life

When Smita Patil lived Arth in real life

Rediff.com18 Oct 2021

'Films like Arth don't happen again and again. They come once in a lifetime. I was lucky to make it, and I couldn't have done it without Smita and Shabana.'

Trump agrees to Biden transition, vows to keep fighting poll result

Trump agrees to Biden transition, vows to keep fighting poll result

Rediff.com24 Nov 2020

President Trump, a Republican, however, did not formally concede the election to Biden, saying he would 'continue to fight and will prevail'. He has launched a slew of lawsuits in key states, but has not provided any evidence to back his claims of electoral fraud. Many of the lawsuits have been dismissed by courts.

Match-fixing in cricket has negatively impacted football's popularity in India

Match-fixing in cricket has negatively impacted football's popularity in India

Rediff.com4 May 2015

"India should also be a powerhouse in world football but it is not, because of match-fixing in cricket for goodness sake'

Now, Rotomac Pens owner goes missing after taking loans of Rs 800 crore

Now, Rotomac Pens owner goes missing after taking loans of Rs 800 crore

Rediff.com18 Feb 2018

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.

Online purchases: Bankers hail RBI move

Online purchases: Bankers hail RBI move

Rediff.com31 Jul 2009

While making online purchases, the cardholder will have to use this second verification apart from the card verification value number, which is the main saftey parameter used presently. As per the RBI guidelines, customers will have to register their cards from tomorrow onwards with the respective merchants--Visa or Master Card and create a security password.

Workers sue BAPS in US over alleged forced labour, wage law violations

Workers sue BAPS in US over alleged forced labour, wage law violations

Rediff.com12 May 2021

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.

Customers in limbo as banks, RBI thrash out differences

Customers in limbo as banks, RBI thrash out differences

Rediff.com30 Aug 2021

The payments industry is at a crossroads with the banking regulator on two pressing issues, neither of which seems headed towards an amicable solution. Depending upon which side accommodates the other, customers in India will have to choose between convenience and ironclad safety. In the end, the Reserve Bank of India (RBI), which regulates both banks and all payments services providers, will prevail. But the question is: will it do so by bending a little or by sticking to its firm stand? The two issues - one concerning payment facilitators storing customers' card details and the other about auto-renewal of payments - appear similar but aren't.

How to discuss money with parents

How to discuss money with parents

Rediff.com22 Jan 2020

Communicate your every step towards the betterment of their future. If the initial hand-holding will be done right, they will understand and respect your decision of helping them, says Naval Goel.

Dominican magistrate denies bail to Mehul Choksi: Local media

Dominican magistrate denies bail to Mehul Choksi: Local media

Rediff.com3 Jun 2021

The Dominica high court on Wednesday ordered that diamantaire Mehul Choksi be produced before a magistrate there to answer charges of his illegal entry into the Caribbean island country, local media reported. Dominica high court Judge Bernie Stephenson issued the orders after nearly three hours of hearing on a habeas corpus petition filed on behalf of Choksi who had claimed that he was abducted from neighbouring Antigua and Barbuda and forcefully brought to the Caribbean Island nation. She adjourned the habeas corpus matter till Thursday, Dominica News Online reported.

PNB scam: Court allows confiscation of Nirav Modi's assets

PNB scam: Court allows confiscation of Nirav Modi's assets

Rediff.com8 Jun 2020

The special court, however, did not permit the ED to attach the paintings owned by Modi and seized by the Income Tax department as the Bombay high court had earlier directed for the artworks to be auctioned but the money to be deposited and not disbursed.

SBI launches contactless debit and credit cards

SBI launches contactless debit and credit cards

Rediff.com14 May 2015

Contactless card transactions can be up to three times faster than cash payments

SBI launches contactless debit and credit cards

SBI launches contactless debit and credit cards

Rediff.com14 May 2015

Contactless card transactions can be up to three times faster than cash payments

USCIS gears up for H-1B deadline

USCIS gears up for H-1B deadline

Rediff.com26 Mar 2009

Like last year, the agency will receive applications between April 1 and April 5. If the cap is not reached, it will continue to accept applications for five more days.

RBI tells PNB to pay up LoU dues to other banks

RBI tells PNB to pay up LoU dues to other banks

Rediff.com16 Feb 2018

RBI seeks detailed report on what happened between 2011 and now; bankers to recall loans to Nirav Modi entities.

Petition urging Obama not to meet Modi had 85,000 fake signatures

Petition urging Obama not to meet Modi had 85,000 fake signatures

Rediff.com15 Aug 2014

Finding massive irregularity during "standard fraud checks", the White House has removed at least 85,000 signatures from an on-line petition which asked US President Barack Obama to cancel his planned meeting with Prime Minister Narendra Modi next month.

RBI's curb on current account use may hit private banks

RBI's curb on current account use may hit private banks

Rediff.com11 Aug 2020

Move can also bring a huge change in the way business is done in India, where firms use multiple current accounts, often for even individual projects, making them difficult to monitor.

Your ATM is not very safe

Your ATM is not very safe

Rediff.com3 Aug 2005

A report Tuesday from Gartner Inc., a technology analyst firm, estimates that 3 million US consumers were victims of ATM and debit-card fraud in the past year.

US prosecutor awarded for probing visa case against Infosys

US prosecutor awarded for probing visa case against Infosys

Rediff.com24 Oct 2014

A US prosecutor who successfully investigated a precedent-setting work visa fraud case against Infosys, resulting in the Indian IT giant paying a whopping $34 million in fine, has been recognised by Secretary of Homeland Security Jeh Charles Johnson for his work.

Will PNB acquire beleaguered Lakshmi Vilas Bank?

Will PNB acquire beleaguered Lakshmi Vilas Bank?

Rediff.com8 Oct 2020

PNB has rich experience in the integration of commercial banks.

UK court denies bail to Nirav Modi

UK court denies bail to Nirav Modi

Rediff.com29 Mar 2019

The judge fixed April 26 as the next date of hearing when he will appear via video link from jail.

Mehul Choksi: 'I want to clear my name'

Mehul Choksi: 'I want to clear my name'

Rediff.com20 Jan 2022

'I was shocked by the kidnapping episode. I could have lost my life.'

JP Morgan Chase to pay $1.7 bn in penalties for Madoff ties

JP Morgan Chase to pay $1.7 bn in penalties for Madoff ties

Rediff.com8 Jan 2014

The bank is facing a slew of government legal actions.

Sebi sends notice to HSBC on singer's complaint

Sebi sends notice to HSBC on singer's complaint

Rediff.com8 Nov 2013

The Securities and Exchange Board of India began its formal investigation into the complaint earlier this year.

Going cashless? Watch out for these risks

Going cashless? Watch out for these risks

Rediff.com17 Dec 2016

Now that you have already downloaded mobile wallets and all set to go cashless/digital with your payments to the local grocer, cabbie, maid, etc, here's what you must watch out for, says Tripti Rai.