News for 'trading scams'

Will seek floor test, MLAs being lured with bigger bribes: Gehlot

Will seek floor test, MLAs being lured with bigger bribes: Gehlot

Rediff.com31 Jul 2020

The chief minister claimed that MLAs have been getting calls after Governor Kalraj Mishra agreed Wednesday night to convene a session from August 14.

Rs 5,600 cr NSEL scam: I-T dept denies info, FMC dodges queries

Rs 5,600 cr NSEL scam: I-T dept denies info, FMC dodges queries

Rediff.com13 Apr 2014

The Income Tax department has declined to share details of probe being carried out in Rs 5,600 crore (Rs 56 billion) payment default by National Spot Exchange Limited (NSEL) saying it would "hamper the process of investigation or apprehension of offenders".

India's banking system brutally unfair: Deepak Parekh

India's banking system brutally unfair: Deepak Parekh

Rediff.com11 Oct 2019

He said trust and confidence were the backbone of any financial system and one should never underestimate the power of ethics and values.

Back to the wall, will Choksi still manage to pull off a trick or two?

Back to the wall, will Choksi still manage to pull off a trick or two?

Rediff.com12 Jun 2021

Given how everything has played out, Mehul Choksi, now 62, achieved all that he wanted but for all the wrong reasons, says Pavan Lall.

'This government wants to make India a gambling den'

'This government wants to make India a gambling den'

Rediff.com14 Mar 2018

'We feel there is definitely something murky in the system.' 'Will anyone believe that Nirav Modi will go to a branch and bribe a low-level officer?' 'Just look at the people with whom he had moved around.'

PSU banks on Nifty see worst monthly fall in 2 years

PSU banks on Nifty see worst monthly fall in 2 years

Rediff.com1 Mar 2018

The combined market capitalisation of the 21 listed PSU banks declined by about Rs 76,000 crore to Rs 425,800 crore during the month.

CBI raid on UTI, SBI MF officials

CBI raid on UTI, SBI MF officials

Rediff.com13 Nov 2003

CBI conducted raids at over two dozen places including those of senior officials of SBI Mutual Fund, UTI and broker Ketan Parekh for allegedly duping the financial institutions of crores of rupees in the latest stock market scam.

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.

A bureaucrat for 'the little guy'

A bureaucrat for 'the little guy'

Rediff.com6 Mar 2021

Rahul Khullar's guiding credo was that a civil servant must never lose sight of his client: The little guy. The evil men are those who are decision-makers but abdicate their responsibility of taking decisions, leading people to lose confidence in public institutions.

How Indian banks are getting ready to avoid fraud, enhance security

How Indian banks are getting ready to avoid fraud, enhance security

Rediff.com23 Nov 2018

Experts say the recent Rs 14,000-crore PNB fraud could have been avoided had there been an integration of PNB's CBS with its SWIFT system

Arrest warrant out for ex-Pak PM Yousuf Gilani

Arrest warrant out for ex-Pak PM Yousuf Gilani

Rediff.com29 May 2014

The Karachi-based anti-corruption court issued warrants after Federal Investigation Agency reportedly found evidence that Gilani and his minister Faheem were involved in the Trade Development Authority of Pakistan (TDAP) corruption scandal.

Congress targets PM over Nirav Modi; No one will be spared, says BJP

Congress targets PM over Nirav Modi; No one will be spared, says BJP

Rediff.com15 Feb 2018

"Guide to looting India by Nirav Modi - - 1) Hug PM Modi 2) Be seen with him in Davos. Use that clout to: A) Steal 12,000 crore B) Slip out of the country like Mallya, while the government looks the other way," Congress chief Rahul Gandhi tweeted.

Sensex gains 17 points after losing 490

Sensex gains 17 points after losing 490

Rediff.com28 Apr 2006

The Sensex roared back into positive zone after being hammered in early trades today. The, index had tumbled to an intra-day low of 11,345 - down 490 points - minutes after the opening bell.

End this tamasha: Gehlot to PM Modi on Rajasthan crisis

End this tamasha: Gehlot to PM Modi on Rajasthan crisis

Rediff.com1 Aug 2020

Gehlot also alleged that some other Union ministers, including Dharmendra Pradhan, are involved in the "conspiracy" against his government.

Black money: Over 1,000 entities under Sebi lens

Black money: Over 1,000 entities under Sebi lens

Rediff.com29 Dec 2014

These entities have facilitated illicit transactions worth thousands of crores of rupees over the past 2-3 years

Rajasthan battle shifts to SC; Speaker, Pilot file pleas

Rajasthan battle shifts to SC; Speaker, Pilot file pleas

Rediff.com22 Jul 2020

Seeking an interim stay on the high court order, Joshi's petition said it was the top court's duty to ensure that all constitutional authorities act within the 'Lakshman rekha' drawn for each one of them.

The 'largest investor' in NSEL who exited unscathed

The 'largest investor' in NSEL who exited unscathed

Rediff.com7 Aug 2014

Allegations of a particular market player being favoured over others were flying thick and fast in the early days of the scam.

'Modi's political capital has taken a very big beating in the Nirav Modi case'

'Modi's political capital has taken a very big beating in the Nirav Modi case'

Rediff.com1 Mar 2018

'Four weeks have passed after the scam was exposed, yet no big guy has been arrested.' 'This gives the impression that he wants to be soft on the biggies.'

Banks refuse to give details on Satyam's accounts

Banks refuse to give details on Satyam's accounts

Rediff.com9 Jan 2009

Bankers of scam-tainted Satyam Computer on Friday declined to comment if the IT major's accounts have been frozen, citing client confidentiality. India's fourth-largest outsourcing firm plunged into a crisis after its chairman B Ramalinga Raju admitted to gross manipulations in the company's balance sheet and resigned.

NYSE raps Satyam for not filing annual report

NYSE raps Satyam for not filing annual report

Rediff.com21 Oct 2009

The NYSE also warned that an 'LF' indicator would be appended to the company's trading symbol and profile, date and news pages provided by the Exchange, Satyam announced in a filing to the BSE and NSE on Tuesday.

US is concerned about India's taxation policy, IPR issues'

"US is concerned about India's taxation policy, IPR issues'

Rediff.com30 Apr 2014

Modi is practical person... If he comes in, he will revive the economy and create jobs, says Sanjay Suri.

The businessman who got richer during the lockdown

The businessman who got richer during the lockdown

Rediff.com8 May 2020

Radhakishan Damani is the only billionaire to see his wealth grow by around 20% during the lockdown.

Gandhis can expect more fire in Parliament over Agusta deal

Gandhis can expect more fire in Parliament over Agusta deal

Rediff.com5 May 2016

If Wednesday was any indication, the rest of the Parliament session will see the two sides scoring brownie points against each other, and the Gandhis can expect more enemy fire directed at them, says Rashme Sehgal.

How some SC judgements changed the game for corporate India

How some SC judgements changed the game for corporate India

Rediff.com28 Dec 2015

The 1995 judgment in the Union of India vs Cricket Association of Bengal case emphasised that free speech is essential for a successful democracy and citizens must have a plurality of views and a range of opinions on all public issues, says M J Antony.

Uncertain times: Should you buy gold now?

Uncertain times: Should you buy gold now?

Rediff.com12 Jul 2018

Not only is gold a hedge against currency depreciation, rising crude prices and uncertainty, it is up 7 per cent (in dollar terms) in the past 12 months, says Devangshu Datta.

US firm used call centres in India to bilk consumers

US firm used call centres in India to bilk consumers

Rediff.com11 Sep 2013

The Federal Trade Commission said the defendants used phony debt collection calls from India and bogus claims that they would reduce consumers' credit card interest rates to bilk consumers.

NSSO report puts a hole through govt's GDP claims

NSSO report puts a hole through govt's GDP claims

Rediff.com8 May 2019

The technical report of the NSSO has generated controversy following its observation that as much as 36 per cent units forming part of MCA-21 database, used in computing GDP, could not be either identifiable or traceable in the field.

'Govt banks rarely take note of RBI directives'

'Govt banks rarely take note of RBI directives'

Rediff.com20 Jun 2018

'For years, the RBI has been warning banks on probable frauds in bank guarantees and advised them to exercise due care.' 'PSB staffers feel their jobs are secured, hence there is no need to be vigilant and exercise financial prudence.'

India's exports grew 20% in May, but there's a downside

India's exports grew 20% in May, but there's a downside

Rediff.com16 Jun 2018

Despite the 6-month high, trade deficit has widened to a four-month high of $14.62 billion, as imports rose by 14.85 per cent during the month, reports Subhayan Chakraborty.

Code of conduct soon for jewellers

Code of conduct soon for jewellers

Rediff.com13 Nov 2019

Confidence had ebbed in the last few years due to default by some errant domestic retailers and exporters. Moreover, many jewellers are believed to have diverted the fund collected through monthly deposit schemes to pay 'mark-to-market' margins on various loans.

Indian capitalism has always had a criminal side

Indian capitalism has always had a criminal side

Rediff.com16 Jan 2009

'Our corporate nabobs often milk their companies by appointing procurement and distribution agents, by under- and over-invoicing imports/exports, evading taxes, indulging in insider trading, and dressing up balance-sheets. Satyam fits this pattern, which is widely prevalent in most brick-and-mortar companies.'

What does the nation get out of the CBI?

What does the nation get out of the CBI?

Rediff.com12 Mar 2018

'What does the nation get out of the CBI's fabulous infrastructure? Very little that is useful.'

NSEL case: Rs 50 crore assets of agro firm attached by ED

NSEL case: Rs 50 crore assets of agro firm attached by ED

Rediff.com7 Mar 2014

The latest attachment order was issued by the central probe agency against Ms PD Agroprocessors Pvt Ltd, one the defaulters at the bourse.

In Oman, PM Modi slams Congress for misgovernance

In Oman, PM Modi slams Congress for misgovernance

Rediff.com12 Feb 2018

The PM held wide-ranging talks with the Sultan of Oman and signed eight agreements, including pacts on cooperation in the field of defence, health and tourism.

Now is the time to focus on mid and small-caps

Now is the time to focus on mid and small-caps

Rediff.com13 Jan 2020

Long-term investors should consider moving into smaller stocks. Rather than try to pick stocks, it makes sense to build a diversified portfolio by exposure across midcap and small caps funds, suggests Devangshu Datta.

Send Rajan back to Chicago if you want to see economic growth at 10%: Swamy

Send Rajan back to Chicago if you want to see economic growth at 10%: Swamy

Rediff.com17 Jun 2016

Subramanian Swamy said if income tax is abolished, middle class will deposit money in banks which can be invested in manufacturing.

Nitish Kumar: Masterful craftsman who believes politics is the art of possible

Nitish Kumar: Masterful craftsman who believes politics is the art of possible

Rediff.com16 Nov 2020

Known for weighing his options carefully before making any move, Kumar, upon a closer look, comes across as a risk taker who has not shied away from going against the tide.

CBI court convicts Telgi, 4 associates

CBI court convicts Telgi, 4 associates

Rediff.com23 Mar 2007

Judge Virupaksha Vishwanath Angadi, pronouncing the judgment, said the charges framed against the accused had been proved.

How Nitish managed to steer his way to 4th straight term in office

How Nitish managed to steer his way to 4th straight term in office

Rediff.com11 Nov 2020

Known for weighing his options carefully before making any move, Kumar, upon a closer look, comes across as a risk taker who has not shied away from going against the tide.

Can China sustain high levels of capital flight?

Can China sustain high levels of capital flight?

Rediff.com9 Feb 2016

A slowdown is evident.