BUSINESS
NSE glitch: Unconvinced SEBI looks to penalise exchange
On September 13, NSE NOW, a trading terminal for traders, was not working properly in Gujarat, Rajasthan and in some parts of Maharashtra, prompting SEBI to slap a penalty of around Rs 50 lakh.
BUSINESS
MCA completes first round of physical inspection in Thomas Cook India
MCA officials met with key management personnel during its physical inspection at the company's registered office Mumbai on September 30.
BUSINESS
Believe that IL&FS will resolve above 50% of current debt: Uday Kotak
Kotak said that Rs 36,000 crore of debt has been resolved so far, and that they are considering alternative monetisation plans like Infrastructure Investment Trust (InvITs) seriously.
BUSINESS
Maharashtra elections 2019: I-T department has seized Rs 4 crore in last 15 days, says official
During the Lok Sabha polls earlier this year, the department had seized Rs 17 crore in Mumbai and Rs 28 crore in Maharashtra.
BUSINESS
PMC Bank crisis: MCA to probe HDIL's books on suspicion of fund diversion
According to reports, Punjab and Maharashtra Cooperative Bank (PMC), on which the Reserve Bank of India recently placed restrictions, breached exposure norms while dealing with HDIL which happens to be one of its biggest corporate borrowers.
BUSINESS
PMC Bank crisis: EOW registers FIR against senior officials of PMC Bank, HDIL
The FIR named PMC Bank’s Managing Director (now suspended) Joy Thomas, Chairman Waryam Singh and other executives. It also mentions involvement of Sarang Wadhawan, vice-chairman and managing director of HDIL.
BUSINESS
I-T uncovers Rs 4,000-crore tax evasion through LTCG route: Sources
The agency, which has been pursuing this case for several months now, has started a probe into 12 companies.
BUSINESS
Rakesh Jhunjhunwala takes dig at UPA regime
On employment woes, he said robust economic growth is the only solution.
BUSINESS
Go invest in Pakistan, Rakesh Jhunjhunwala tells foreign investors sceptical on India
"Go and invest in Pakistan. We don't want foreign investors like you," an angry Jhunjhunwala told former London Chamber of Commerce chief Thakrar who argued that India has been unable to sort its unemployment issues.
BUSINESS
IL&FS case: MCA moves NCLT for appointment of new auditors
The ministry had earlier proposed the appointment of Chitale & Co, CNK & Associates LLP, Borkar & Mazumdar & Co, and GM Kapadia &Co as auditors.
INDIA
Disinvestment target: DIPAM, Niti Aayog eyeing PSUs in non-priority sector
Sources said that the government is also looking at selling its minority stakes in companies such as Hindustan Zinc and Vedanta.
BUSINESS
Debt ETFs may not take off in FY20, says FinMin source
"We are working on debt ETFs. If it is not launched in this (financial) year, it will be launched in FY21," said a Finance Ministry official on condition of anonymity.
POLITICS
Maharashtra State Co-operative Bank fraud case: ED has not summoned Sharad Pawar, others yet
Sources said that the probe is focused on the money-trail, the diversion of funds and its end beneficiaries.
BUSINESS
ED registers case against Sharad Pawar, 70 others in Maharashtra cooperative bank fraud case
There are allegations that MSC Bank had fraudulently sanctioned loans to the office bearers of cooperative sugar factories and also the bank's then top execs. The scam is pegged at Rs 25,000 crore.
BUSINESS
SEBI imposes penalties of Rs 22.7 crore on Aurobindo Pharma, promoters on insider trading charges
SEBI asked the Aurobindo and its promoters to pay the penalty within 45 days of the receipt of the order.
BUSINESS
Thomas Cook India under MCA scanner over ‘suspicious’ transaction
“Delhi’s RoC, which has been probing Aarush Forex Pvt for a while now, unearthed some suspicious transactions in its books and came across several companies, including Thomas Cook,” a source said.
BUSINESS
I-T Dept unearths several cash transactions in searches at Oberoi Realty; Bollywood connection probed
This is the second time when the income tax investigation department is investigating Oberoi Realty.
BUSINESS
Now, I-T Department turns gaze on client code modification to counter tax evasion
The Central Board of Direct Taxes (CBDT) believes that of the many client code modifications taking place on exchanges, a few may not be genuine.
BUSINESS
Commodities mutual fund: Where’s the hold-up & what’s causing the delay?
An industry official explained that who will take responsibility for goods lying in the warehouse of the custodian is one of the reasons why no one wants to assume the role of the commodity custodian
BUSINESS
Patiala House Court grants SFIO 2-day custody of ex Bhushan Steel CFO
Nittin Johari is accused of being the prime perpetrator who manipulated letters of credit (LCs) by filing false documents to avail funds from various banks.
POLITICS
Pali: PP Chaudhary confident of winning, downplays any impact of Congress' NYAY scheme
Chaudhary is confident of winning the election with a similar margin as of 2014 despite his party has lost three out of eight seats in the district during the recent assembly election
POLITICS
Jodhpur: Gajendra Singh questions Ashok Gehlot, accuses him of misusing state machinery
The importance of the seat can be understood from the fact that out of Ashok Gehlot 136 meetings in Rajasthan till now, 93 have been conducted in Jodhpur alone
BUSINESS
CBDT gives I-T commissioners 3-month deadline to clear pending cases
In a letter outlining the target set for each Commissioner of Income Tax (CIT), the CBDT said that every CIT has to file 10 prosecution cases for default in the filing of return of income.
BUSINESS
MCA objects to Sterling Biotech being removed from bankruptcy code
Sterling Biotech took loans of over Rs 5,000 crore from a consortium led by Andhra Bank which had turned into non-performing assets.
