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Khushboo Narayan
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What is Vijay Mallya accused of?Subscriber Only
March 11, 2016 01:12 IST
Wilful defaulters can be individuals, juristic persons (groups of individuals, such as corporations, which are treated by law as though they are persons) and all forms of business enterprises.
Fri, Mar 11, 2016
Volkswagen India faces Rs 600-cr penalty for ‘undervaluing’ carsSubscriber Only
March 09, 2016 02:09 IST
The 190-page order, reviewed by The Indian Express, has also upheld the penalty of an equal amount of Rs 323 crore imposed by the excise department — taking the firm’s total liability to over Rs 646 crore.
Wed, Mar 09, 2016
Money laundering case against Vijay Mallya, tribunal halts Rs 515-cr payout packageSubscriber Only
March 08, 2016 03:25 IST
In a setback to UB Group promoter Vijay Mallya, the Debt Recovery Tribunal (DRT) on Monday ruled that he cannot withdraw $75-million payout he received from Diageo under a recent sweetheart deal.
Tue, Mar 08, 2016
Mumbai: Home to country’s super richSubscriber Only
March 05, 2016 01:46 IST
Mumbai has more than double Delhi’s super rich.
Sat, Mar 05, 2016
CBI probes how banks took Brand Kingfisher as collateralSubscriber Only
March 04, 2016 04:56 IST
“Lending on the brand value of Kingfisher Airlines is a major concern. We have questioned the banks. It is basically an intangible asset. We are digging into the issue,” said CBI sources.
Fri, Mar 04, 2016CBI pulls up banks for not registering complaint against Kingfisher, Vijay MallyaSubscriber Only
March 03, 2016 02:51 IST
According to data released by the CBI, the agency has investigated 171 cases of bank frauds involving Rs 20,646 crore in 2015.
Thu, Mar 03, 2016
Case against Lalit Modi: ED gets court nod to begin extraditionSubscriber Only
March 02, 2016 01:11 IST
ED claimed that Lalit Modi cheated BCCI-IPL in granting overseas telecast rights of the tournament in 2009 which he has been denying.
Wed, Mar 02, 2016
Budget 2016: Contentious tax issues, opportunity for Cairn, VodafoneSubscriber Only
March 01, 2016 03:05 IST
According to media reports, Economic Affairs Secretary Shaktikanta Das subsequently said the comments were directed toward Vodafone and Cairn, even though Jaitley didn’t identify them by name.
Tue, Mar 01, 2016
Maharashtra: Investors line up Rs 80 cr for ‘Make in Bhiwandi’Subscriber Only
February 27, 2016 02:38 IST
The initiative inspired by ‘Make in India’, has garnered investments of over Rs 80 crore from 25 small and medium enterprises.
Sat, Feb 27, 2016
Wilful defaulters owe Rs 10,869 cr to PNB; top 10 firms make up one-thirdSubscriber Only
February 23, 2016 02:14 IST
Gross non-performing assets, or bad loans, are expected to jump 31.48 per cent in the fiscal ending March 2016 to Rs 426,400 crore from Rs 324,300 crore.
Tue, Feb 23, 2016Mumbai: Counterfeit goods pose threat to tradeSubscriber Only
February 20, 2016 03:18 IST
According to Euromonitor International, counterfeiting accounts for 5-7% of world trade, about $600 billion.
Sat, Feb 20, 2016
CBI questions PNB board members on loans to diamond company, subsidiariesSubscriber Only
February 19, 2016 03:43 IST
Winsome Diamonds owes Rs 4,680.04 crore to a consortium of lenders headed by Standard Chartered Bank. Winsome’s associate Forever Precious Diamonds and Jewellery Ltd owes another Rs 2,121.82 crore to a set of banks led by PNB.
Tue, Apr 12, 2016
Make in India week: Build local brands to build brand India, says Anand MahindraSubscriber Only
February 15, 2016 01:09 IST
Mahindra also stressed the need for swifter imposition of bankruptcy laws and removal of the stigma of failure, which businessmen currently face.
Mon, Feb 15, 2016
CityBiz: MMR has highest potential for retail, says reportSubscriber Only
February 13, 2016 01:45 IST
However, consumers in the Andheri-Borivli region will continue to be the largest spenders in MMR with a retail spending of Rs 25,100 crore in 2014 to a projected spending of Rs 53,600 crore in 2019.
Sat, Feb 13, 2016
Write-offs a scam, small loans rarely in it, says former RBI Deputy GovernorSubscriber Only
February 11, 2016 05:07 IST
Public sector banks have written off Rs 1,14,000 crore in the last three years, as reported in The Indian Express on February 8, based on a response by the Reserve Bank of India to an RTI application.
Thu, Feb 11, 2016
Facts dispute claims by banks: write-off gallops, recovery crawlsSubscriber Only
February 10, 2016 03:20 IST
In the last three years, public sector banks have written off Rs 1,14,000 crore as reported by The Indian Express on February 8. The Finance Ministry, RBI and SBI sent separate letters to the newspaper arguing that write-offs did not mean all was lost.
Wed, Feb 10, 2016
ED raids Hasan Ali’s premises in Pune, five other citiesSubscriber Only
February 10, 2016 00:20 IST
After 14 applications in over four years, Khan was granted a bail in August last year. He came out of jail over two months ago.
Wed, Feb 10, 2016
Net bad assets of govt banks a third of their net worthSubscriber Only
February 09, 2016 05:12 IST
In response to an RTI query by The Indian Express, the Reserve Bank of India disclosed that 29 public sector banks wrote off a combined Rs 1.14 lakh crore of bad debt between 2013 and 2015.
Tue, Feb 09, 2016
We’re working to remove constraints such as cost of capital: Nirmala SitharamanSubscriber Only
February 09, 2016 02:58 IST
Union Minister of State for Commerce and Industry Nirmala Sitharaman in an interview with Khushboo Narayan talks about falling exports and the efforts made by the government to improve ease of doing business in the country, on the sidelines of the ‘Make in India’ curtain raiser organised by the Department of Industrial Promotion in association with […]
Tue, Feb 09, 2016
CityBiz: Mumbai needs to improve ease of doing businessSubscriber Only
February 06, 2016 01:43 IST
Mehta, who allocated Rs 10 crore for the Smart City project and increased overall capital expenditure, emphasised reforms that have been undertaken to speed up the grant of building projects.
Sat, Feb 06, 2016
ED to quiz Sameer Bhujbal on use of funds his family firms receivedSubscriber Only
February 04, 2016 01:50 IST
The ED has alleged that the books of accounts of some of these firms reflect unexplained transactions which, the agency suspects, are nothing but “kickbacks received by the Bhujbals”.
Thu, Feb 04, 2016
Rs 870 crore money trail: Why the Bhujbals are under scannerSubscriber Only
February 03, 2016 01:13 IST
Since 2009, former Maharashtra deputy CM and PWD minister Chhagan Bhujbal has faced charges in award of contracts. Now comes the first arrest, of his nephew Sameer Bhujbal.
Wed, Feb 03, 2016
RBI keeps repo rate unchanged at 6.7%; CRR at 4%Subscriber Only
February 02, 2016 11:12 IST
“The Reserve Bank will adjust the forecast path as and when more clarity emerges on the timing of the implementation,” said the statement.
Tue, Feb 02, 2016
Govt way behind target of 1 cr new taxpayers in FY16Subscriber Only
February 01, 2016 00:32 IST
For instance, till January 23 Mumbai has added only 1.7 lakh new tax payers of the total target of 6.23 lakh assigned to the income tax department in the city this fiscal.
Mon, Feb 01, 2016
Taparias to Salman Khan: Here’s the list of India’s highest individual tax payersSubscriber Only
January 28, 2016 01:46 IST
Salman Khan’s Bajrangi Bhaijaan was this year’s biggest Bollywood hit earning over Rs 600 crore worldwide.
Thu, Jan 28, 2016Journalism of Courage
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