The opposition parties termed the order of the inquiry a gimmick to fool the masses and cover up the important evidences in the sting operation.
'In their over-enthusiasm to clean up the system, both the banks and the regulator should not forget that the key to the insolvency law is revival of companies -- recovery of bank dues is an offshoot of that,' points out Tamal Bandyopadhyay.
The Central Bureau of Investigation has registered cases against six sitting and former members of Rajya Sabha in connection with the LTC scam in which travel reimbursement was allegedly claimed by them through purportedly forged bills.
He also rejected all charges of alleged cheating and siphoning off money by Congress in the matter.
The court said the conduct of the directors was in 'gross violation' of its order.
Wheeling round, a look of utter shock on its face, a marmot jumps in fright after a young fox sneaks up behind it. The split-second encounter between prey and predator -- called the Moment -- has won the man who captured it the title of Wildlife Photographer of the Year. He was chosen from a longlist of various category winners, all of whom managed to record the oddities, rivalries and beauty of the natural world. Scroll down for some of the winners.
UCO Bank will not allow Kingfisher Airlines to be represented by lawyers in the wilful default case hearing.
Banks, through the Indian Banks' Association, have urged RBI and credit information companies to maintain a database of wilful defaulters.
Indian business, on quite a different trajectory from its global counterpart, remains relatively insulated from any kind of backlash.
They took investor money via IPOs and then disappeared.
According to the consumer affairs department, these chit funds are operating at a small level.
Mired in one controversy after another, the Delhi & Districts Cricket Association (DDCA) hit a new low after three top officials gave three separate probables list with one naming Gautam Gambhir as captain while another faction naming Madan Lal as 'mentor'.
Ponzi schemes have characteristics that the informed investor can spot easily.
The scam has offered Lalu Prasad an opportunity to point fingers at Nitish Kumar and Sushil Kumar Modi.
'... And I don't think it really is that despite a lot going wrong.' 'Naiveté or stupidity or trusting the wrong person, the outcome is the same, which is that the group has gone to trash.' 'I'm not OK with people saying I had a role to play in crooking the system, which is not what I did.'
Banks have started organising silent demonstration in front of houses of defaulters.
United Bank of India and Andhra Bank employees start organising silent protests.
The 2G judgment suggests many bureaucrats have poor application, inadequate interest and are unwilling to be active participants in the policy process, says Babu Jacob.
Till date, 107 elections to states and three parliamentary polls have been smoothly conducted using the EVMs.
A common interest in literature often leads to new bonds with people you'd never otherwise meet.
The statements made by the opposition parties after the preemptive air strike on terror camps have made only people of Pakistan happy, he claimed.
The Union finance ministry is planning to make rules regarding wilful defaulters more stringent, so that criminal charges can be pressed against such entities.
The incident comes close on the heels of a similar case where 100 cows died in state-run Hingonia cow shelter due to "mismanagement and lack of facilities".
'The household sector, which is still the largest contributor of financial savings, has been experiencing a decline in the last six years, and it has fallen below 8% of GDP.'
Penalties for undisclosed foreign income and assets extend up to 300%.
The court directed Raju, the prime accused in Satyam scam, and others to furnish personal bond of Rs 20,000 each and sureties of the like amount on or before December 22 and posted the matter to the same date.
Devendra Fadnavis will on Friday take oath as the 27th chief minister of maharashtra and the first from BJP in the state, at a grand function which Shiv Sena has decided to boycott because of "constant humiliation".
USL board said its second forensic audit by EY has revealed fund diversion worth Rs 1,225 cr to Mallya companies.
Specific sections of the Companies Act need to be amended to empower Sebi to regulate or take penal action against an unlisted entity and its promoters for violating the insider trading and other securities norms.
Public sector banks are inefficient, poorly governed and beset by largescale corruption.
SuSu Sudhi Vathmeekam handles the subject of physical limitations judiciously without trying to manipulate a viewer's emotions, writes Paresh C Palicha.
While the crackdown is a major step in combating tax evasion and improving transparency, it might also impact the flexibility and genuine corporate structures created to achieve legitimate objectives, says Suresh Surana.
A local court on Saturday remanded Virendra Tawade, a member of Hindu Janjagruti Samiti and an accused in the murder of rationalist Narendra Dabholkar, to Central Bureau of Investigation custody till June 16.
'If the government does not take any action soon, 21 cities of India will become like Cape Town, with no water.' 'Four cities -- Delhi, Gurgaon, Meerut and Faridabad -- will suffer the worst.'
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The Greens are calling for an urgent investigation.
The social media giant's CEO announced that it will change how it shares data with third-party apps.
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Banks had a tough time in recovering loans from corporates in 2014.
Loans to wilful defaults are said to be a little over Rs 1 lakh crore.
The company was looking to raise around Rs 1,800 crore for a stake sale of 10 per cent.
Import of jewellery from Hong Kong attracts no duty in India, due to a free trade agreement.
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