The court rejected Ruia's application in which he had sought modification of the bail condition regarding surrender of his passport.
In a first, the Consumer Affairs Ministry filed a case against the firm with the National Consumer Disputes Redressal Commission seeking about Rs 640 crore in damages for alleged unfair trade practices, false labelling and misleading advertisements.
The nation's largest bank has been accused of relying on robo-signing and other discredited methods of going after consumers for debts they may not have owed and for providing inaccurate information to debt buyers. Robo-signing refers to signing documents in mass quantities without reviewing records.
The company says it will fight the charges. The Federal Communications Commission said today that the company misled consumers into buying plans they believed would give them unlimited ability to send and receive data, including Web browsing, GPS navigation and streaming videos.
A U.S. judge ordered Yahoo Inc to face a nationwide class-action lawsuit accusing it of illegally intercepting the content of emails sent to Yahoo Mail subscribers from non-Yahoo Mail accounts, and using the information to boost advertising revenue.
Apple Inc and electric battery maker A123 Systems are close to settling a legal dispute over claims that the smartphone and computer maker, which is also looking into building an electric vehicle, poached A123 employees to build a large-scale battery unit.
In the two-year-old suit filed by Madhu Kapur against Yes Bank, the Bombay High Court Wednesday asked both the sides to settle their dispute amicably by June 2 with regard to the right to nominate directors on the Bank's board.
The group also lauded "Sebi's active cooperation" in the matter, which relates to a court-ordered sale of a corporate jet owned by a Sahara group firm after a litigation there and a receiver was appointed to look into distribution of the fund kept in an escrow account.
In his pleas, Goenka had sought court's permission to travel to the United States and the United Kingdom from April 6 to April 14 for business meetings.
"SpiceJet has paid a part payment of Rs 25 crore to the Airports Authority of India towards the dues it had accumulated due to the cash crunch last year," sources told Media here on Wednesday. The AAI received the part payment of around Rs 300 crore dues yesterday, they said.
The government said the penalties were necessary to punish the bank and Mairone "and to send a clear and unambiguous message that mortgage fraud for profit will not be tolerated."
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com said that the clearence of HZla nd BALCO's stake sale this is an excellent move. he believes that stake sale to Vedanta is a better option then an open market sale because that would decrease the value of the stake held by the government.
Goldman Sachs Group Inc chief Lloyd Blankfein will be called to testify at Raj Rajaratnam's insider trading trial as soon as this week, but prosecutors want to prevent him being questioned about any legal issues facing the bank, according to trial documents.