The Reserve Bank of India's (RBI's) draft guidelines on gold loans, if implemented in their current form, are expected to impact non-banking financial companies (NBFCs) and mid-tier banks in the near term, more significantly than larger banks, according to analysts.
Gensol Engineering's promoters treated the listed company as a proprietary firm, diverting corporate funds to buy a high-end apartment in The Camellias, DLF Gurgaon, splurging on a luxury golf set, paying off credit cards, and transferring money to close relatives, Sebi revealed in its interim order.
A seemingly innocuous word, "bhai" (brother), led to a 13-minute disruption in the Delhi Assembly on Thursday, with the ruling BJP and the opposition AAP engaging in heated exchanges. The incident began when PWD minister Parvesh Verma used the word during a debate on the Teerth Yatra Samiti, prompting AAP MLAs to accuse him of disrespect. Three AAP MLAs were marshalled out by the Speaker amid the uproar, which even saw BJP legislators chanting slogans of "Chhathi maiya ki jai".
The Central Bureau of Investigation (CBI) on Wednesday told a special court here that it received a sanction from the ICICI Bank's board to prosecute Chanda Kochhar, the former CEO and MD of the bank, in connection with a case of alleged cheating and irregularities in loans sanctioned by the bank to Videocon Group companies. The probe agency, represented by special public prosecutor A Limosin, told the court that the board of ICICI Bank in a resolution passed on April 22 this year gave its sanction to the prosecution (against Kochhar), accepting that there seemed to be quid pro-quo.
Acutely conscious that he's left with less than four years to create his legacy, Trump is undoubtedly a man in a hurry, observes Ambassador M K Bhadrakumar.
Six former Yorkshire players have been sanctioned for the alleged use of racist and discriminatory language.
Female athletes will soon have to undergo a one-time genetic test to compete in women's events, World Athletics president Sebastian Coe said on Tuesday, after proposals to tighten eligibility rules were discussed at the body's council.
Vanuatu offers citizenship to people who are willing to invest $150,000 in the country.
Pakistan beat South Africa by six wickets in Wednesday's high-scoring contest in Karachi but not before tempers flared in the first innings when the tourists were batting.
The Reserve Bank of India (RBI) on Wednesday came out with comprehensive draft guidelines to harmonise and regulate gold loans across all financial entities, including putting a cap of 75 per cent on loan-to-value (LTV) ratio. The draft guidelines also aim to address concerns related to certain lending practices, provide clarity on specific aspects, and strengthen the conduct-related standards in the sector.
Bangladesh women's player Shohely Akhter has been banned from all cricket for five years after the spinner was found guilty of breaching the International Cricket Council's (ICC) anti-corruption code
US shale oil would act as an alternative to India's heavy dependency on Russian crude, which is currently facing sanctions.
Lyudmila Ocheretnaya, the former First Lady of the Russian Federation, is on the list of sanctions for benefiting from preferential business relationships with state-owned entities since her divorce from Putin in 2014.
The Delhi high court on Wednesday stayed the trial court proceedings against senior Congress leader P Chidambaram in the Aircel-Maxis case lodged by the Enforcement Directorate.
The Indian government has sanctioned the creation of the first all-women Central Industrial Security Force (CISF) reserve battalion, consisting of over 1,000 personnel. This move addresses the increasing demands on the force at airports and other vital installations. The new unit will be formed from existing CISF personnel and will be led by a senior commandant-rank officer.
Anmol Singh Jaggi and Puneet Singh Jaggi, once hailed as rising stars in India's clean energy sector, are now facing serious regulatory action.
Indian wrestlers will miss the second Ranking Series in Albania after the Sports Ministry withheld approval, citing the Wrestling Federation of India's (WFI) failure to submit necessary recommendations on time.
Mexican referee Marco Antonio Ortiz Nava found out the hard way that there are consequences for seeking an autograph from eight-time Ballon d'Or winner and World Cup winner Lionel Messi -- he was hit with a CONCACAF disciplinary sanction.
The government is looking to give Bharat Global Ports a certain amount of domestic exposure after it set up the state-owned consortium to increase India's global maritime heft, officials aware of the development said. The intended domestic exposure is meant to give the consortium experience and build its credentials for international projects.
The Indian Premier League will follow the International Cricket Council's Code of Conduct regulation for participating players.
The Supreme Court has directed a Maharashtra authority to respond to a man's plea for initiating contempt action against it after his properties were demolished for allegedly raising anti-India slogans during a cricket match. The petitioner, who hails from Sindhudurg district in the state, claims his house and shop were demolished on February 24 following an FIR against him, his wife, and his 14-year-old son for allegedly raising anti-India slogans during the India-Pakistan Champions Trophy match. The plea argues that the demolition violated the Supreme Court's November 13, 2024 verdict on demolition of properties, which barred demolition without a prior showcause notice and 15 days' time for the aggrieved party to respond. The petitioner seeks directions for initiating contempt proceedings against the chief officer and administrator of the Malvan Municipal Council.
Norwich City winger Borja Sainz has been suspended for six matches and fined 12,000 pounds ($14,749) for spitting at an opponent.
If Beijing succeeds in this multipronged effort to challenge the current dominant power, it will have not just economic but political and security consequences. There is no let-up in the South China Sea nor any de-escalation moves on the India-China border. This portends to ominous signalling from Beijing, observes China expert Srikanth Kondapalli.
Alina Kabaeva was first linked to Putin more than a decade ago, while she was a medal-winning gymnast.
'Pakistan's only concern has been while they were on the FATF watch list was to distance their State institutions and organs from any direct connection with the actual execution of militancy inside Kashmir.'
A few days back, the Nagpur Municipal Corporation issued a notice to Khan, citing various lapses and lack of the building plan approval (for his house), sources said.
