Avantha Group

Bank fraud: ED attaches Rs 678 cr worth assets of Avantha Group

A provisional order under the Prevention of Money Laundering Act (PMLA) has been issued to attach the properties located in Haryana, Maharashtra and Uttarakhand.

Yes Bank co-founder Rana Kapoor gets bail in bank fraud case; to walk out of jail after four years

The court has granted bail to Rana Kapoor in the CBI’s case against him and Avantha Group promoter Gautam Thapar for allegedly indulging in criminal conspiracy, criminal breach of trust, cheating and forgery for diversion of public money to the tune of Rs 466.51 crore.

CBI questions Rana Kapoor in Rs 466 crore scam involving Avantha group promoter Gautam Thapar

Although Rana Kapoor is not named as an accused in the CBI FIR pertaining to the case, he is co-accused with Gautam Thapar in another case related to alleged diversion of public money in YES Bank in exchange for a high-end property at an upscale neighbourhood of Delhi, officials said.

Court grants time to Avantha Group promoter Gautam Thapar to advance arguments on bail plea

Special judge Sanjeev Aggarwal directed the counsel appearing for Thapar to submit documents by October 23, when the court will further hear the matter.

Delhi HC dismisses Avantha Group promoter Gautam Thapar's plea challenging arrest

Gautam Thapar had approached the high court challenging a trial court’s August 5 order by which his plea to declare his arrest as illegal was dismissed without recording reasons.

Court directs ED to file reply on Avantha Group promoter Gautam Thapar's bail plea by October 1

Special judge Sanjeev Aggarwal granted three more days to the ED after the agency sought time to file its reply to Thapar’s plea.

Delhi HC asks ED to respond to Avantha Group promoter Gautam Thapar's plea challenging arrest

Gautam Thapar has approached the high court challenging a trial court’s August 5 order by which his plea to declare his arrest as illegal was dismissed without recording reasons.

Delhi Court sends Avantha Group promoter Gautam Thapar to 10-day ED custody

The probe revealed that sham agreements were made by these entities to fraudulently obtain huge amount running into more than 500 crore from Yes Bank and further by different modes of layering the tainted amount was laundered and the loan account thus turned NPA causing a loss of huge public money, it said.

Delhi Court sends Avantha Group promoter Gautam Thapar to one-day ED custody

Gautam Thapar was arrested on Tuesday night after the agency carried out raids against him and his linked businesses in Delhi and Mumbai.

Gautam Thapar, Avantha Group promoter, arrested by ED in money laundering case

Avantha Group promoter Gautam Thapar was arrested under provisions of the Prevention of Money Laundering Act (PMLA) after the ED carried out raids against him and his linked businesses in Delhi and Mumbai.

Yes Bank case: Avantha Group raised Delhi property rent by 65 times to obtain loan

Investigations have found that the rental income from a Delhi property owned by Gautam Thapar was raised just before a loan was sanctioned by Yes Bank against it.

Yes Bank: CBI files fresh case against Rana Kapoor, wife and others in Delhi property case

The agency said: "CBI has registered a case against Rana Kapoor, the then MD and CEO of Yes Bank Ltd; Gautam Thapar, Promoter Avantha Group companies; Bindu Rana (wife of Shri Rana Kapoor), Director M/s Bliss Abode Pvt Ltd and unknown others u/s 120 B & 420 of IPC and Section 7, 11 & 12 of PC Act, 1988."

Gautam Thapar's CG Power eyed 'Siemens of India' tag, but finds itself in a hole

The erosion of market value of CG Power has been so steep that its market capitalisation, which stood at over Rs.18,000 crore in April 2011, has fallen to Rs 757 crore.

Crompton Greaves is now CG Power and Industrial Solutions

"Avantha Group Company CG announced that effective February 27, 2017 it has changed the registered Company name from Crompton Greaves Limited to CG Power and Industrial Solutions Ltd," the company said in statement.

Avantha completes stake sale of CGCEL to Advent, Temasek

Crompton Greaves Consumer Electricals'(CGCEL)erstwhile promoter Avantha Group today said it has transferred all the shares in the company to complete its stake sale to private equity firms Advent International and Temasek.

JK Paper makes offer to buy 2 units of BILT Graphic Paper

JK Paper Ltd on July 5 said it has made a non-binding offer to acquire two units of Avantha Group firm BILT Graphic Paper Products Ltd (BGPPL)

HCC shelves Lavasa IPO plan for third time

Hindustan Construction Company (HCC) has put the proposed IPO for its ambitious Lavasa project on the backburner for the third time, citing bad market conditions in the realty sector.

Crompton cracks 28% on Q3 loss & provision, MD & CEO steps down

The Avantha Group company posted a consolidated loss of Rs 107 crore in Q3 due to lower revenue and weak operational performance. Profit stood at Rs 274.3 crore in year-ago period and Rs 52.14 crore in preceding quarter.

M Dharma Edges Ahead with a 63 on the Penultimate Day

Bengaluru’s M Dharma put himself in position for a second title as his seven-under-63 handed him a one-shot lead in round three of the Rs. 1 ...

CG bags contract from French distribution network operator

In larger power transformers, for proper voltage regulation, on-load tap changers are required. Tap changers continuously adjust the transformer load to the power demand and ensure uninterrupted and secure electric supply, making them a crucial piece of equipment.

CG bags Rs 300 crore order from Power Grid Corporation

The orders include 765 kV transformers for the Chittorgarh and Ajmer sub-stations, both part of the green energy corridor, an initiative by the government, to facilitate evacuation of renewable energy into the national grid, the company said in a statement.