BUSINESS
CBI produces Chanda & Deepak Kochhar in court, seeks 3-day custody
The Kochhars were arrested on Friday by the CBI in connection with a loan fraud case involving bank officials and the Videocon Group.
Hinduja-led IndusInd delivers Rs 10,000 crore shocker in RCap bid
Torrent's balance 55 per cent bid is offered at zero interest to RCap lenders as deferred payment of Rs 4,640 crore to be paid in three equal instalments in years 3, 4 and 5.RCap lenders led by LIC and EPFO with 35 per cent voting are overwhelmingly in support of an 'All Upfront Cash' bid of Hinduja-led IndusInd.Lenders are to meet on Monday (December 26) for the CoC's advisors KPMG and the RBI-appointed administrator's advisors Deloitte, to present their final analysis for the lenders to take a call on voting on both the plans.
NSE phone tapping: CBI files charge sheet against Chitra Ramkrishna, ex-Mumbai Police chief
The CBI had registered the case in July against iSec Services Pvt Ltd owned by Pandey and others. During the course of investigation of another case related to Co-location scam in NSE, an act of illegal interception of landline phones of NSE employees was unearthed
Aviation Ministry asks airlines to ensure 2% of international passengers are tested
Against the backdrop of rising coronavirus cases in China and in a few more countries, the government on Thursday decided to subject 2 per cent of the passengers arriving on international flights to random coronavirus tests starting from Saturday morning.
'Continued vigilance needed to maintain India's external resilience'
"No country can afford to sit on its laurels, India included. Continued commitment to macroeconomic stability will underpin both economic performance and investor interest in India. The latter is very high, currently. It needs to be nurtured.
Chanda Kochhar Money Trail-I: En familia Kochhar is biggest beneficiary
Pacific Capital Services Pvt Ltd is under inspection and a separate report is ready for submission by government agencies. In parallel, NuPower is also under inspection by another investigating officer in the Office of the Ministry of Corporate Affairs Regional Director western region, Mumbai. Ditto with Videocon International under probe by a separate I.O.
Adani group to own 64.71% stake in NDTV after Roys decide to cash out 27.26%
In a regulatory filing, NDTV said that Roys have decided to transfer 27.26 per cent stake out of their 32.26 per cent stake in the company to RRPR Holding. The Roys said in a statement that AMG Media Network, a part of the Adani group, is the single largest shareholder in NDTV now.
Former ICICI Bank CEO Chanda Kochhar, husband arrested for loan fraud
"We had filed an FIR for the offence of forgery, cheating, using fake documents as genuine, hatching a criminal conspiracy and having common intention against the bank officials and the Kochhars," the official said. Nupower Renewables, Supreme Energy, Videocon International Electronics Ltd and Videocon Industries Ltd were also named as an accused in the FIR.
Law on cryptocurrency only after international collaboration, risk evaluation: Government
"Crypto assets are by definition borderless and require international collaboration to prevent regulatory arbitrage. Therefore, any legislation on the subject can be effective only with significant international collaboration on evaluation of the risks and benefits and evolution of common taxonomy and standards," Minister of State for Finance Pankaj Chaudhary told the Lok Sabha in a written reply.
Exports of other cereals records spike, rise 53.78% in November
In November this year, an increase of only 0.62 per cent was registered in the total export of commodities as compared to November last year, but there was a double digit increase in exports of almost all the items of agriculture and food items. A growth of 53.78 percent was registered in the export of various other types of cereals in the month.
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