A government report revealed that fake companies floated with fake addresses, issued fake GST invoices and generated fake e-way bills, with fake vehicle registration details without supplying any goods causing huge loss to the exchequer.
Soon after the BJP lost the 2004 election, the stockmarkets went into unprecedented free fall. Then SEBI Chairman G N Bajpai reveals how his firm handling of the situation restored confidence and soon the markets were back to doing what they do best -- make money. A revealing excerpt from his book, A Game Changer's Memoir.
The accused -- Lemos, his wife Valany and Ryan D'Souza -- were convicted on Sunday by the Dubai Misdemeanours Court in the 515 cases filed against them
Heading to the third year, will Urjit Patel be busy firefighting a currency crisis? Almost no governor of the RBI managed to evade it and Patel perhaps knows it.
Rajeev Kumar, the Kolkata police commissioner, is known for his impeccable investigating and electronic surveillance skills.
Initiating a discussion on the adjournment motion moved by him on the issue, Leader of the Opposition L K Advani ridiculed the ruling party's claims that the Volcker Committee report was an attempt to tarnish Congress.
The news of Bengaluru-based IMA cheating thousands once again underlines the need for investors to steer clear of unregulated deposit schemes. The most important sign of a Ponzi scheme is the promise of exorbitant returns and so investors must ask how the promoter expects to earn the kind of return he is promising, says Sanjay Kumar Singh.
Don't invest more than 5 per cent of your portfolio in bitcoin. The virtual currency's price has run up very fast and experts feel a correction may be around the corner.
Wipro, HCL in race for Sebi's fraud detection system upgrade,
The Securities and Exchange Board of India has debarred stock brokers Ketan Parekh and Kartik K Parekh and seven of their entities from trading in the market for 14 years after finding their involvement in the 2001 stock market scam.
'We get to know secrets such as some of India's top-rated firms do not always make payments when due and many State-owned, listed, enterprises that borrow in bond markets default regularly.' 'Without naming the bank, he says that ever-greening of poor loans by a part of India's shadow banking lay at the doorstep of India's banking, notably 'one private bank'.' Viral Acharya's Quest for Restoring Financial Stability in India won't be music to many ears, observes Tamal Bandyopadhyay.
The Cricket Association of Bihar (CAB) on Tuesday urged the Supreme Court to make public the findings of the Justice Mukul Mudgal Commission, which probed the spot-fixing and betting scandal in the sixth edition of the Indian Premier League in 2013.
The sessions court on Thursday extended the police custody of the Financial Technologies and Multi Commodities Exchange (MCX) promoter Jignesh Shah and former managing director and chief executive of the commodity exchange Shreekant Javalgekar till May 19.
On being asked whether he knew Sehgal, he told reporters, "Andaleep Sehgal is also our acquaintance but as far as his business, his trade or his financial transactions are concerned I am not familiar with it.
Sources said that the capital markets regulator Securities and Exchange Board of India has come across quite a few cases where GDR route could have been used for round-tripping of funds in the name of capital-raising activities of listed companies from abroad.
When the markets boom, the regulator gets jittery. And not without reason. Recollections of recent market booms are tinged with memories of scams and subsequent JPC investigations.
Capital markets regulator, I-T department suspect tax evasion and market manipulation
'There exists a 'brotherhood' of sorts for a very long time and corrupt dealers and corrupt OMC officials are in it together,' Ashwani Attrish, founder, Empowering Petroleum Dealers Foundation, tells Sudhir Bisht, a veteran of the petroleum industry.
'Who are these people on the streets?' 'They are youth and students who were hoodwinked, bluffed by Modi for the last seven years, with a promise of 2 crore jobs every year.' 'And Mamata sings the same tune.' 'But the youth can see that as long as there is Mamata or Modi, there is no hope.'
'Those who thought they are above law and above courts of the country are now approaching courts praying bail; some people have already gone inside (jail) which is their rightful place.'
The probe is expected to take about three months.
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.
Michel's counsel appeared with the application before Special Judge Arvind Kumar who issued notice to the probe agency and sought its reply by Saturday when he will take up the matter.
It will be the first to go, in what has become an overcrowded segment since India first allowed futures trading in commodities in 2003.
A common factor that binds all these men is greed.
The minister also cautioned the social media giant and its CEO Mark Zuckerberg of repercussions under the IT Act in case of any data breach came to light.
Uttarakhand Chief Minister Harish Rawat on Wednesday rejected the Bharatiya Janata Party's allegations of corruption against him over alleged changes in liquor policy saying the party was "desperate" and making the charge to deflect national attention from scams involving its top leaders.
Bitcoin billionaires are well-known in the avenue of criminality.
This has been the CM's shortest stint in power -- three days.
Kamal Nath will need to watch his back because given the slender majority, there is no doubt that the BJP will try to topple his government.
The possibility of the slowdown affecting more players is greater if the industry doesn't get access to easier finance in the next six to eight months.
'The BJP is saying we have Modi, who have you got?' 'We have the people of India on our side.'
It could be a matter of concern that foreign shareholders of the NSE are registered in tax havens such as Mauritius and Cyprus.
'We must all commit to sharing less nonsense and quarrelling less on social media.' 'We could use that time instead to meeting and speaking to our friends and family instead of 'liking' their posts.' 'Zuckerberg will be the poorer for that, but our lives will be so much richer,' says Rahul Jacob.
The common denominator: They were predominantly Gujarati, mostly male, and either related by blood or very well-known to Nirav.
To combat terror financing, India and the US committed to work together to check illicit money transfers.
Mishra was catapulted to the chief ministership of Bihar following the assassination of his elder brother Lalit Narayan Mishra in 1975.
.jpg)
FTIL group is in big trouble after over Rs 5,500 crore payment crisis surfaced at its subsidiary NSEL last year.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances