At one point Anil Kumar’s Ransat Group reported annual turnover of $500 million. Now he faces allegations from UBS that under his watch, funds belonging to Vincom Commodities Ltd were siphoned off to family members after it became insolvent.
Anil Kumar is currently working as Associate Director, ISRO Telemetry, Tracking and Command Network (ISTRAC) here.
As part of the partnership, Hyundai and ALMS are looking to produce 1,000 ventilators in the first phase, and to scale up subsequently.
After a weak Q1 FY17, the coming quarters should be good in terms of cash flows and revenue recognition, Anil Kumar, Chief Financial Officer, DB Realty, told CNBC-TV18. He expects pre-sales to go up 20 percent on quarterly basis.
Swapna Barman is the recipient of the Rs.1.5 Lakh Annual Sports Scholarship from
Delhi Chief Minister Arvind Kejriwal got a huge boost on Monday in his fight with Lieutenant Governor Najeeb Jung.
Shubhra Bhardwaj Mehandirata's Ferriswheel Entertainment keeps her busy even after an event ends
The Supreme Court today said the CBI is free to proceed with its investigation against Anil Kumar, Secretary of an NGO, Telecom Watchgdog, for allegedly interfering with the probe in the 2G spectrum case by giving a "virtual clean chit" to former Telecom Minister Dayanidhi Maran.
An Indian-American former McKinsey consultant has told a US court that he "committed a crime" by passing on secret information to convicted hedge fund founder Raj Rajaratnam after the Sri Lankan "chided and taunted" him for not knowing enough about what was happening at various firms.
In the US, after more than six weeks of testimony, the insider trading trial of Raj Rajaratnam entered a critical phase with both sides making their closing arguments. CNBC's Scott Cohn reports on the latest action coming out of the courtroom.
The Reserve Bank of India has asked banks to set up escrow accounts while extending loans to real estate companies, according to The Economic Times. The central bank is asking banks to put an escrow mechanism in place which will keep a check on the end use of funds given by banks to real estate firms.