HSBC has acknowledged compliance lapses, including a failure to maintain an effective anti-money laundering programme.
According to the confession statement of Radha Kishan Rao, 'Peddayana' was very angry for not completing the work as per his expectation.
The Congress on Friday favoured a negotiated settlement to the Ayodhya issue saying all right thinking people should work for a compromise within the next three months in wake of the Allahabad high court verdict.
Whether the Ayodhya case is settled through reconciliation or through a judgment is something that remains to be seen. An application had been filed before the Lucknow Bench of the Allahabad High Court seeking a direction to both parties to settle this matter amicably so as to avoid any controversy that might follow after the judgment is pronounced.
India is expected to ramp up its purchase of crude oil from the United Arab Emirates (UAE) in the coming months following discussions between the two countries on the sidelines of the ongoing COP28 summit in Dubai, multiple sources in the know said. The UAE has historically been India's third-largest source of crude. It has suffered the largest drop in shipments since Indian refiners began to binge on Russian crude in 2022.
An Indian-origin man and his British wife have been awarded 160,000 pounds in an out-of-court settlement, following the death of their baby in a hospital in Cardiff, in November 2005.Krishna Govekar of Goan origin and his wife Johanne Rees lost their son Arun due to a series of alleged blunders by the hospital. After three years of legal action, the hospital has now offered them the settlement.The couple said they will now start a new life in Goa.
Judgement is subject to an appeal period of 30 days from the date of its entry.
China said that "sound and stable ties" serve the common interests of China and India.
Coffee Day Global Ltd (CDGL) and its financial creditor IndusInd Bank have reached a settlement, following which NCLAT has set aside an insolvency order against the company which owns and operates coffee chain Cafe Coffee Day. Counsel representing CDGL and IndusInd bank on Wednesday informed the Chennai bench of National Company Law Appellate Tribunal (NCLAT) about the settlement and sought permission to withdraw insolvency litigations. A two-member bench comprising Justice M Venugopal and Shreesha Merla took their submissions on record and set aside the order admitting CDGL to insolvency.
The Enforcement Directorate (ED) has filed a money-laundering case against Kerala Chief Minister Pinarayi Vijayan's daughter Veena Vijayan and her IT firm for receiving 'illegal payments' from a Kochi-based private firm, official sources said on Wednesday.
The move, if brought into effect, will substantially reduce the burden on the judicial system, while opening a window of opportunity for expediting court cases.
The top court said a considerable amount of direct control is exercised by the client over the manner in which an advocate renders his services during the course of his employment.
Amid intense scrutiny from short-sellers and regulators, Adani group stocks have seen a significant shift in their shareholder base: Relatively opaque foreign portfolio investors (FPIs) have given way to more recognisable investors and broad-based funds. The list of large public shareholders - those directly holding at least 1 per cent - is now dominated by entities, such as the state-owned Life Insurance Corporation (LIC), US-based GQG Partners, Abu Dhabi-based International Holding Company, and Qatar Investment Authority's INQ Holding.
Kerala high court on Tuesday asked the owner of Italian Merchant Vessel Enrica Lexie and the families of the two fishermen allegedly killed by the marines whether they were willing for an out of court settlement for determining the compensation.
Russia's unprecedented rapprochement with North Korea has raised concerns about the re-emergence of a Russia-China-North Korea alliance which could increase the probability of conflict on the Korean Peninsula, explains Dr Rajaram Panda.
Foreign Secretary Shivshankar Menon, during the discussions he had with the Sri Lankan leaders including President Mahinda Rajapaksa as part of his two-day visit to Colombo, welcomed the Island nation's commitment for a devolution package in the embattled north. Menon, who concluded his visit on Saturday, 'urged early movement towards a peacefully negotiated political settlement in the island, including in the north', an Indian High Commission release said on Sunday.
Shares in Sun Pharmaceutical Industries fell by more than 5 per cent after the company settled a patent suit with Pfizer Inc related to its acid-reflux drug for $550 million.
Those who consider the rupee as a proxy for virility have started thumping their chests and dreaming of dethroning the dollar from its coveted position, observes Tamal Bandyopadhyay.
Four Silicon Valley companies including Apple and Google failed to persuade a US judge to sign off on a $324.5 million settlement to resolve a lawsuit by tech workers, who accused the firms of conspiring to avoid poaching each other's employees.
The farmers have agreed to call off their agitation.
While the going for Dushyant Singh in Jhalawar is not tough, winning Jalore is a tough battle for Vaibhav Gehlot.
The Babri Masjid Action Committee meeting was held against the backdrop of the apex court recently asking parties involved to sit together and arrive at a consensus on the issue, which has been dragging on for decades.
Singh, who took charge of EHIRC, relinquished the new position as part of new the settlement and would continue as the Managing Director of EHIRC
India should become a middle-income country and then push to make INR (rupee) a hard currency, and till then, it must promote the settlement of global trade in the local currency, think tank GTRI said on Sunday. Global Trade Research Initiative (GTRI) said that transforming a currency into a hard currency is a complex process that hinges on several pivotal factors. Firstly, economic stability is paramount; a country must exhibit low and stable inflation, consistent growth, and a balanced trade environment.
India and the US have settled the last trade dispute at the World Trade Organization (WTO) over poultry products, according to a joint statement released on Friday. With this, the two countries have mutually resolved all the seven pending trade disputes at the WTO. "The leaders lauded the settlement of the seventh and last outstanding WTO dispute between India and the United States.
Maruti Suzuki India, Mahindra & Mahindra, Hyundai Motor and luxury car maker Audi have extended support to customers in cyclone and flood affected regions of Tamil Nadu and Andhra Pradesh. In a statement, Maruti Suzuki India said it has collaborated with its dealer partners and made several arrangements at its workshops. As soon as the news about the cyclone 'Michaung' was reported, the company proactively sent out 7 lakh SMS alerts containing precautionary steps to its customers to ensure that even before the cyclone hits, customers could take precautionary measures to safeguard their cars against potential damage, it said in a statement.
Prime Minister Manmohan Singh has said that India and China should pursue an early settlement of the boundary issue as a strategic objective while not allowing such differences to affect the positive development of the bilateral ties. Describing his visit as "part of the recent happy tradition of high-level exchanges" between the two countries, Singh said "India-China relations have today transcended their bilateral dimension and have acquired global significance.
Currently, banks are closed every second and fourth Saturday of a month. Why shouldn't they be shut every Saturday? When most customers carry their banks in their pocket (the app on the mobile phone), there is no need to keep banks open on Saturdays, argues Tamal Bandyopadhyay.
Edtech firm Think and Learn Private Ltd, owner of Byju's, on Thursday said neither the company's founder and CEO Byju Raveendran nor any other board member will attend the extraordinary general meeting called by some select investors. Shareholders at Byju's are set to vote on Friday on a resolution brought by some investors to oust founder CEO Byju Raveendran and his family members over alleged "mismanagement and failures". Byju's has called the EGM "procedurally invalid" and contractually in contravention of the company's article of association and shareholder's agreement.
Veteran Congress leader N D Tiwari has moved the Delhi high court to "explore" the possibilities of an "amicable" out-of-court settlement of the 2008 paternity suit filed by a man seeking to declare him as his biological father.
All India Muslim Personal Law Board Abdul Raheem Qureshi and Hyderabad MP Asaduddin Owaisi voice their concerns about the Ayodhya verdict.
The company will have to retain independent auditor, do annual compliance review.
Chelsea and former manager Jose Mourinho have reached an undisclosed settlement with former team doctor Eva Carneiro at an employment tribunal in London, the Premier League club said on Tuesday.
In a late Monday evening surprise development, the Lucknow bench of the Allahabad high court called upon rival parties in the much-debated Ayodhya case to explore possibilities of a last-minute amicable settlement on the vexed issue.
There have been hostilities between the Sri Lankan armed forces and the Liberation Tigers of Tamil Eelam since the beginning of this year.
India on Thursday said it was ready to assist Sri Lanka in finding a negotiated political settlement to its ethnic problem as an all-party delegation from the island nation arrived in New Delhi to study India's model of republic.
The unclaimed funds within the life insurance sector are higher from policies sold by agents as against other channels like bancassurance or a digital platform, said analysts and officials from insurance companies. Unclaimed life insurance funds refer to the proceeds of insurance policies including death or survival benefits not claimed by the beneficiary or the policyholder. Bancassurance means selling an insurance product through banks.
