Khushboo Narayan


DRI investigation into Adani Group coal import cases halted
Thu, Sep 20, 2018

So far, the DRI has issued 14 LRs to multiple foreign jurisdictions seeking information in the alleged over-valuation of imports of Indonesian coal.

New FPI norms: what Sebi is considering
Thu, Sep 20, 2018

What did the panel recommend, and why is the regulator keen to amend the KYC norms?

Before Vijay Mallya left India, his trail, as per SFIO probe report
Fri, Sep 14, 2018

The SBI notice of August 19 alleged diversion of funds by Kingfisher Airlines to UB Group of companies and other firms. Mallya challenged the decision of UBI and SBI in various courts.

Before PNB scam broke, Nirav Modi tried for citizenship of Vanuatu — was rejected
Thu, Sep 13, 2018

For citizenship of Vanuatu, Nirav Modi had, in November 2017, transferred $195,000 from his personal account to one of the 18 authorised agents of the Vanuatu government who facilitate Citizenship by Investment program of the country.

Videocon loan case: Shareholders raise questions on Chanda Kochhar
Thu, Sep 13, 2018

Speaking to The Indian Express, shareholders who attended the AGM said many were “visibly upset” over Kochhar’s absence and sought clarity from the bank’s management over the allegations.

PNB fraud case: Nirav Modi routed scam cash to US firm, says court examiner
Mon, Sep 10, 2018

Nirav Modi has been accused of diverting over Rs 4,000 crore of the Rs 6,519 crore outstanding fraudulent LoUs issued by PNB to his firms.

Nirav Modi’s assets in India attached, ED to seize his properties in US
Sat, Sep 08, 2018

Sources said that the agency has identified at least three properties, likely to be valued at over Rs 150 crore, and may issue orders anytime next week.

I-T probes sale of ICICI Bank building in heart of Mumbai to Videocon Group
Sat, Sep 08, 2018

While the current owner of Radhika Apartments is SBI, it is not clear if the lender bought the building from Videocon Group or took possession of it as part of its loan recovery mechanism.

State of Business: Growth in microlending in Maharashtra below national average
Sat, Sep 08, 2018

According to the MFIN data, Maharashtra saw its gross loan portfolio grow 40 per cent from a year ago at the end of June.

DRI probe into alleged over-valuation illegal, invalid: Adani Enterprises petition in Bombay HC
Thu, Sep 06, 2018

The DRI alleged that Indonesian coal was directly imported from ports in that country to India while import invoices were routed through one or more intermediaries based in Singapore, Hong Kong, Dubai and the British Virgin Islands to artificially inflate its value.

Adani loses case in Singapore, goes to Bombay High Court to stall DRI probe into it
Wed, Aug 29, 2018

This comes weeks after the High Court of Singapore ruled against Adani Global Pte Ltd, which had moved the Singapore court, seeking a stay on a lower court’s demand to produce crucial documents pertaining to coal imports from Adani firms.

16 Nirav Modi-linked firms file for liquidation in last three months
Wed, Aug 29, 2018

These firms, sources said, were the top buyers and suppliers of Nirav Modi Group of companies and were allegedly controlled by Modi through “dummy directors”.

Enforcement Directorate attachments under PMLA: Diageo moves court to get control of UB shares
Tue, Aug 28, 2018

Apart from Diageo, the official liquidator (OL) of the High Court of Karnataka and Ritu Mallya, the step-mother of Mallya too has separately intervened in the case.

Winsome diverted $750 million to promoter’s firms abroad: Probe
Thu, Aug 23, 2018

Winsome Diamonds, which was declared as a “wilful defaulter” in 2016, has claimed that it did not divert funds and was a victim of non-payment by Obaidah’s firms.

Nirav Modi: Arrest close as CBI sends extradition plea to UK
Tue, Aug 21, 2018

According to officials familiar with the probe, Nirav Modi, accused of a Rs 13,600-crore bank fraud, could be provisionally arrested by the UK authorities this week and presented before a lower court there.

Maharashtra reported fiscal surplus of 15% of its budget estimates
Sat, Aug 18, 2018

Maharashtra is one of the four large states in India, which has a fiscal surplus, along with Gujarat, Karnataka and Uttar Pradesh, according to the report of JM Financial.

DRI starts prosecution process against ‘antique smuggler’ Vijay Nanda
Thu, Aug 16, 2018

The DRI has alleged that Nanda is part of an international art smuggling syndicate that uses unscrupulous persons to steal sculptures from temples in south and eastern India.

State of Business: Maharashtra’s marketshare smaller than rest of India
Sat, Aug 11, 2018

Maharashtra’s loss has come at a time when the central and eastern regions are gaining marketshare in household deposits.

BPCL’s Mumbai refinery had received award for excellence
Thu, Aug 09, 2018

In its annual report of financial year 2016-17, BPCL said its Mumbai refinery had set a “high safety standard for itself” and “received an excellent rating for achieving all MOU (memorandum of understanding) targets related to safety”.

Market operator who ran over 200 shell firms arrested
Sat, Aug 04, 2018

Pune-based Designtech Systems Ltd had in 2015 entered into a contract with the Andhra Pradesh State Skill Development Corporation to set up and operate skill development centres in the state.