News for 'shell companies'

Hurrah For These Women Achievers!

Hurrah For These Women Achievers!

Rediff.com22 Feb 2024

More and more women are making their presence felt in jobs related to sciences, technology, and engineering across organisations.

Ex-Maha minister Anil Deshmukh denied bail in PMLA case

Ex-Maha minister Anil Deshmukh denied bail in PMLA case

Rediff.com18 Jan 2022

A special court on Mumbai on Tuesday rejected a plea filed by former Maharashtra home minister Anil Deshmukh seeking 'default bail' in an alleged money laundering case.

Where Will BJP Stand After Modi?

Where Will BJP Stand After Modi?

Rediff.com5 Jun 2024

The lack of clarity on who is next in line, when the time comes, as indeed it will one day some day, reflects poorly on the management of the world's largest political party. It scarcely need be said that a squabble between the contenders, Shah and Yogi, is exactly what the doctor ordered for the Opposition, notes Krishna Prasad.

Chanda Kochhar: Rise and fall of a banking titan

Chanda Kochhar: Rise and fall of a banking titan

Rediff.com24 Dec 2022

Chanda Kochhar, who was arrested for a cash-for-loan scam on Friday, was once a powerful banker and instrumental in making ICICI Bank the country's biggest private sector lender. Kochhar, a regular feature on Forbes top global honchos lists, was arrested by the Central Bureau of Investigation (CBI) along with her husband Deepak Kochhar in connection with alleged cheating and irregularities in loans sanctioned by ICICI Bank to Videocon Group companies. Kochhars were called to the agency headquarters and arrested after a brief questioning session. Her chapter at ICICI Bank ended abruptly in 2018 when the board of directors approved a request from Kochhar to seek early retirement following allegation of corruption and quid pro-quo while extending loans to the now bankrupt Videocon Industries.

'Is BJP above the law? Is Mr Adani above the law?'

'Is BJP above the law? Is Mr Adani above the law?'

Rediff.com8 Mar 2023

'If they are not, then the Modi government should order a JPC immediately.'

Haldwani: Madrasa razed, shoot at sight order issued after 60 injured

Haldwani: Madrasa razed, shoot at sight order issued after 60 injured

Rediff.com9 Feb 2024

A curfew was imposed in Haldwani on Thursday after local residents set vehicles and a police station on fire and hurled stones, injuring more than 60 people, over the demolition of an 'illegally built' madrasa and an adjoining mosque, officials said.

More panels on black money? No, say experts

More panels on black money? No, say experts

Rediff.com7 Jun 2011

Delays in action against black money by way of committees and studies will give time to corrupt politicians, businessmen and bureaucrats to divert their ill-gotten funds into shell companies, an eminent Jawharlal Nehru University professor has said.

Tax dept unearths Rs 100 cr of investments from 2 Jharkhand Congress MLAs

Tax dept unearths Rs 100 cr of investments from 2 Jharkhand Congress MLAs

Rediff.com8 Nov 2022

The income-tax department has detected "unaccounted" transactions and investments worth more than Rs 100 crore after it raided two Jharkhand Congress MLAs, their alleged associates and linked coal and iron ore businesses across the state last week.

'May tamper with evidence': HC rejects Satyendar Jain's bail plea

'May tamper with evidence': HC rejects Satyendar Jain's bail plea

Rediff.com6 Apr 2023

While pronouncing the order, the high court said there was no illegally or infirmity in the trial court's order by which the bail pleas were dismissed.

Shell to grow gas biz; sees India demand growing

Shell to grow gas biz; sees India demand growing

Rediff.com3 Jun 2003

Royal Dutch/Shell Group plans to grow its natural gas business relative to its oil assets and intends to supply gas to the United States, the Wall Street Journal reported on Tuesday.\n\n\n\n

Probe agencies destroying my reputation: Chidambaram

Probe agencies destroying my reputation: Chidambaram

Rediff.com26 Aug 2019

Chidamabaram's counsel told the top court that he is sought by ED to be "vicariously involved" in the INX Media money laundering case as he is the father of Karti Chidambaram, who according to the probe agencies tried to influence the Foreign Investment Promotion Board members.

Govt to SC on poll bonds: Transparency not a mantra

Govt to SC on poll bonds: Transparency not a mantra

Rediff.com11 Apr 2019

Govt effort to curb black money in polls futile if identity of donors not known, says SC.

Going public, Chinese style

Going public, Chinese style

Rediff.com15 Mar 2007

To get listed overseas, companies are getting U.S.-traded outfits to buy them.

Unitech MD held for allegedly duping home buyers

Unitech MD held for allegedly duping home buyers

Rediff.com1 Apr 2017

Delhi Police's Economic Offences Wing has arrested the Managing Director of Unitech and another person for allegedly not developing a project despite receiving funds from investors, police said.

Vodafone fears Essar may further dilute BPL stake

Vodafone fears Essar may further dilute BPL stake

Rediff.com11 Sep 2008

The Ruias and other promoters own a 99.99 per cent stake through various companies in BPL Mobile Communications. They have already toned it down to 82.4 per cent, sources close to the development said. Now, the group is looking at further bringing it down to less than 70 per cent. This will make BPL Mobile Communications a shell company and diminish its values making its shares 'worthless,' says Vodafone.

Will drag you to jail by your collar: Mishra warns Kejriwal before fainting

Will drag you to jail by your collar: Mishra warns Kejriwal before fainting

Rediff.com14 May 2017

The party refuted Mishra's charges and said he was 'parroting' the Bharatiya Janata Party.

Mauritius tax break not for all

Mauritius tax break not for all

Rediff.com3 Jul 2006

Messi misses first day of tax fraud trial

Messi misses first day of tax fraud trial

Rediff.com31 May 2016

Barcelona's five-time soccer World Player of the Year Lionel Messi went on trial on Tuesday along with his father on accusations of defrauding the Spanish state of millions of euros (dollars).

Farmers protest Guj company's bid to acquire land, 50 detained

Farmers protest Guj company's bid to acquire land, 50 detained

Rediff.com1 Apr 2018

Local head of a farmers' group alleged that the police manhandled the protesters, including women and children, and in the process at least five people were injured.

The Great Election Funding Fiddle

The Great Election Funding Fiddle

Rediff.com25 Apr 2017

'The anonymous electoral bonds means that political affiliations will be even harder to ascertain for the voter or the minority shareholder.' 'The government of the day will, of course, know, exactly which corporate is making donations to which party.' 'Hence, the government will be in a wonderful position to exert "moral pressure" on corporates which make donations to Opposition parties.'

Govt has made RS 'incidental', charges Oppn in Finance Bill debate

Govt has made RS 'incidental', charges Oppn in Finance Bill debate

Rediff.com30 Mar 2017

After Finance Minister Arun Jaitley moved the amended Finance Bill for consideration by the Lok Sabha, Deepender Hooda (Congress) said this was a "historic" occasion as never in the past had the Rajya Sabha amended the Finance Bill.

Fresh trouble for Lalu? ED arrests Misa Bharti's CA in money laundering case

Fresh trouble for Lalu? ED arrests Misa Bharti's CA in money laundering case

Rediff.com23 May 2017

Rajesh Agarwal, the chartered accountant, was allegedly instrumental in providing accommodation entries to many high-profile people to help launder their funds.

Is the BJP targeting Haryana's Jat community?

Is the BJP targeting Haryana's Jat community?

Rediff.com15 Mar 2024

'The BJP has started a war-like situation against farmers and the Jat community.'

No HC bail for Sukesh's wife, says duo ran crime syndicate for biz promotion

No HC bail for Sukesh's wife, says duo ran crime syndicate for biz promotion

Rediff.com11 Jul 2023

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.

'Birla's share transfer in Star News seems okay'

'Birla's share transfer in Star News seems okay'

Rediff.com29 Jul 2003

Prima facie, there appears to be no violation of the Companies Law in Kumar Mangalam Birla transferring his 25 per cent stake to Suhel Seth in the uplinking entity of Star, senior DCA officials said in New Delhi on Tuesday.

US court rejects Nirav Modi's plea against fraud charges

US court rejects Nirav Modi's plea against fraud charges

Rediff.com19 Oct 2021

In a major blow to Nirav Modi, a bankruptcy court in the US has rejected a petition of the fugitive diamond merchant and two of his associates, seeking dismissal of fraud allegations against them by the trustee of three companies they previously owned indirectly.

Companies open gates for differently-abled people

Companies open gates for differently-abled people

Rediff.com15 Dec 2008

Firms like MphasiS believe in an inclusive workplace, providing equal opportunities to all.

The Curious Case Of Andhra Pradesh Capitals

The Curious Case Of Andhra Pradesh Capitals

Rediff.com17 Feb 2023

The idea of three capitals has not been abandoned, even as the state lurches from financial crisis to crisis.

Court raps ED, releases businessman arrested in UPA's Embraer deal

Court raps ED, releases businessman arrested in UPA's Embraer deal

Rediff.com16 Feb 2023

In an embarrassment to the Enforcement Directorate (ED), a Delhi court on Thursday termed the arrest of an accused in a money laundering case linked to a UPA-era defence deal with aircraft manufacturer Embraer "illegal" and ordered his release.

Seven companies in fray for HPCL pie

Seven companies in fray for HPCL pie

Rediff.com10 Apr 2003

Seven companies including Royal Dutch/Shell, BP Amoco, Reliance Industries and Kuwait Petroleum Corporation were left in the fray for acquiring government stake in oil PSU Hindustan Petroleum Corporation Ltd after bidders were shortlisted.

Devastation Continues in Ukraine...

Devastation Continues in Ukraine...

Rediff.com19 Mar 2022

Glimpses of the devastation caused by Putin's War.

Land-for-jobs scam: ED attaches Rs 6-cr assets of Lalu's family, firms

Land-for-jobs scam: ED attaches Rs 6-cr assets of Lalu's family, firms

Rediff.com31 Jul 2023

The ED said AB Exports Pvt Ltd is a "shell" or fake company owned by Prasad's son and Bihar deputy Chief Minister Tejashwi Yadav and Chanda Yadav (another daughter of the RJD chief) and its registered address is the bungalow located in the New Friends Colony area.

TN BJP chief meets governor with scam charge against DMK

TN BJP chief meets governor with scam charge against DMK

Rediff.com26 Jul 2023

The Tamil Nadu unit of the Bharatiya Janata Patty on Wednesday submitted a memorandum to Governor R N Ravi seeking action over what it claimed "benami" links to ruling DMK Ministers, legislators and MPs and "three scams" to the tune of about Rs 5,600 crore.

Dividend by top 10 payers more than doubles in FY23; TCS tops the table

Dividend by top 10 payers more than doubles in FY23; TCS tops the table

Rediff.com7 Jun 2023

Tata Consultancy Services (TCS), the group's biggest cash generator, overtook Vedanta to become the highest dividend payer in India in FY23. The IT services major paid Rs 42,090 crore for FY23, up 167.4 per cent from Rs 15,738 crore for FY22. The 10 biggest payers together shelled out Rs 2.06 trillion for FY23, more than double the Rs 98,371 crore for FY22.

No LTCG on 'genuine investments', clarifies govt

No LTCG on 'genuine investments', clarifies govt

Rediff.com3 Feb 2017

Allaying investor fears over the levy of long-term capital gains tax on share transfer in unlisted companies, the government on Friday said the move is only to target 'khoka' companies, and 'genuine investments' in start-ups and through FDI will be exempt.

Meet Filmmaker Priyadarshan's Daughter Kalyani

Meet Filmmaker Priyadarshan's Daughter Kalyani

Rediff.com26 Jun 2023

Her life is about 'everything cinema, all the time always'.

Highlights from PM Modi's I-Day speech

Highlights from PM Modi's I-Day speech

Rediff.com15 Aug 2017

Addressing the nation for the fourth time since he took office in 2014, the prime minister called upon the citizens to perform their duties towards the nation and co-operate to work towards a common goal of peace, harmony and development in the country.

Centre, states team up with RBI, Big Tech to fight Chinese lending apps

Centre, states team up with RBI, Big Tech to fight Chinese lending apps

Rediff.com22 Jan 2021

A user just needs to download any app floated by such fraudsters and apply for instant loans. These apps are mainly concentrated on Google Play considering the reach and popularity of Android systems.