A large voter turnout of more than 80 per cent despite sporadic incidents of violence and allegations of vote fraud on Thursday marked the second phase of West Bengal assembly polls.
The asset quality of non-banking financial companies (NBFCs) deteriorated in April-September 2021 (H1FY22) owing to the second wave of the pandemic. Their gross non-performing assets (NPAs) rose to 6.8 per cent in September 2021 from 6 per cent in March 2021. The Reserve Bank of India's (RBI's) annual Trend and Progress report (FY21) said the sector might have to grapple with higher delinquencies as and when policy measures unwound. The pandemic posed significant challenges to NBFCs during the first wave (2020) also.
The Income Tax Department had last month auctioned several art works that were owned by absconding diamond merchant Nirav Modi for Rs 59.37 crore.
A major general, who returned to the army from the elite National Security Guards before his term was over, is believed to have been asked by the defence ministry to seek voluntary retirement following charges of abuse of official position during his stint in the commando force.
The law firm had specifically named the bank's chief executive and managing director of over 25 years, Aditya Puri, his designated successor Sashidhar Jagdishan and company secretary Santosh Haldankar as defendants.
This will help expand the distribution channels, said Subhash Chandra Khuntia, chairman of the insurance regulatory and development authority of India.
The BDCA is yet another dose of insidious placebos administered on the people of India by their own government that has been in perpetual denial over the steady incremental loss of strategic Indian territory, says R N Ravi
Fugitive diamantaire Mehul Choksi, wanted in a Rs 13,5000-crore loan fraud in Punjab National Bank, has gone missing in Antigua and Barbuda where he had been staying since January 2018, the Royal Police Force of the Caribbean island nation said in a statement.
Kunnal Prem, chief executive officer of the Insurance Information Bureau of India, tells Mayank Jain on what they're doing.
The ED has attached seven sugar mills worth over Rs 1,097 crore in a money laundering case against former Uttar Pradesh BSP MLC Mohammed Iqbal and his family, officials said.
Law firm Maurice Blackburn will launch a class action lawsuit on Thursday on behalf of Australian owners of scam-tainted Volkswagen AG seeking total damages "well north" of A$100 million ($71.59 million).
The rally was addressed by BJP national general secretary Ram Madhav.
The Justice Department has also been investigating criminal fraud allegations against Volkswagen for misleading U.S. consumers and regulators.
Maradona's inheritance process is likely to be a messy affair between his large family, with eight children from six different partners
The government, on its part, is seeking to counter the opposition's offensive by bringing the Fugitive Economic Offenders Bill.
Japanese auto major Suzuki Motor Corporation (SMC) on Wednesday said its long-serving chairman Osamu Suzuki will retire and assume the role of senior advisor subject to shareholders' approval in the ordinary general meeting to be held in June this year.
Some believe she should no longer be the face of the struggle to free Myanmar from the new military dictatorship, observes Prakash Bhandari.
A government-instituted panel which probed the extent of non-compliance by General Motors in re-fitting pre-approved engines on Tavera models sent for inspection to meet specified emission norms, submitted its report late on Monday evening, holding the company responsible for corporate fraud.
'We will interrogate and punish the guilty.' 'Please don't use this case as a Maharashtra versus Bihar issue.' 'This is the most deplorable thing to do.'
"He is expected to be produced before the court for a second bail application hearing on March 29," a court official in London confirmed on Tuesday.
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.
Facing a deepening slowdown, the auto sector is pinning hopes on the GST Council meeting on September 20 for a rate cut from 28 per cent to 18 per cent. However, states including Bihar, West Bengal, Kerala, and Punjab are of the view that the slowdown in the auto sector is not because of the GST rate but structural issues in the economy.
Amid slowdown blues, the government has unveiled a raft of measures over the past few months aimed at improving liquidity in the system, moderating interest rates as well as credit growth apart from addressing stress in the NBFC sector.
The coming years could be exciting for Bandhan Bank, IDBI Bank, IDFC First Bank, Federal Bank, and CSB Bank.
Volkswagen announced plans on Tuesday to refit up to 11 million vehicles and overhaul its namesake brand.
The company asked its users to sign a petition - #BringUberBack
'Every man in the hot seat needs trusted cops to grind their axe with political opponents.' 'And that's what explains Waze's importance; him investigating the fake TRP scandal, his arrest of TV journalist Arnab Goswami, and heading the investigation into the Antilia bomb scare case.'
A quick computation puts the following value to the seizures.
The infra-major going belly up cracked open some major flaws in the system - the most evident being weak corporate governance and how layers of corporate structures could be formed adding to the opaqueness of the group.
Friday's hearing is expected to be presided over by Chief Magistrate Emma Arbuthnot, the same judge who had ordered the extradition of former Kingfisher Airlines boss Vijay Mallya last December.
For non-banks, the IL&FS crisis was nothing short of India's Lehman moment, which has for a foreseeable future reset the sector on multiple grounds.
The plaintiffs sought to represent all dealers who entered into agreements with Global Vehicles to sell Mahindra vehicles in the United States.
Volkswagen AG will probably have to show there was some legitimate reason to install software that led to false vehicle emissions tests.
Besides the passports, Modi also possesses multiple residency cards, some of them expired, but covering countries/regions such as the UAE, Singapore and Hong Kong.
Three years and Rs 28,710 crore worth of transactions later, it has more than double the number of sellers than Flipkart.
Using Microsoft's Cognitive Services, the selfie is compared to the one corresponding with the account on file. If the two photos do not match, the account is temporarily blocked while Uber looks into the matter.
But Raju has not discarded his first love, real estate.
Holger Erik Misch, a resident of Berlin, had on November 3 entered into an altercation with railway employee Aman Kumar and had also allegedly attacked two policemen with a stick.
There are times when a customer books a cab and is charged for the ride, but the driver doesn't show up. It is one of the many hacks that cab drivers use.
Volkswagen AG said a scandal over falsified US. vehicle emission tests could affect 11 million of its cars around the globe.
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