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2 mins read
IL&FS money laundering case: ED summons Maha NCP president & MLA Jayant Patil
The agency has recently initiated fresh action in this 2019 case after it searched the Mumbai…
PTI
2 mins read
Budget 2019: RBI will regulate housing finance companies, tighten hold on NBFCs
"The National Housing Bank (NHB), besides being the refinancer and lender, is also regulator of…
2 mins read
LIC executives are being investigated by India’s corporate fraud agency for their role in the IL&FS crisis
The investigation into Infrastructure Leasing & Financial Services (IL&FS) deepens. …
2 mins read
India sees the first arrest in the country’s biggest financial scandal of 2018
As the prospects for the infrastructure and power sector declined following the fin…
2 mins read
IL&FS case: The latest arrests in India's largest financial scandal of 2018 are for alleged money laundering
Arun Shah was the Joint Managing Director of IL&FS Financial Services while K Ramchandra w…
2 mins read
HSBC moves to liquidate IL&FS company in Singapore court
The application has been listed for hearing on March 20 and "any creditor or contributory of …
PTI
3 mins read
In the IL&FS scam, auditors will not be left off the hook for their role
The NCLT is empowered to pass order to implead them under Section 242 of the Companies Act, 20…
PTI
1 min read
NCLAT dismisses Deloitte, KPMG pleas against impleadment in IL&FS matter
The appellate tribunal, however, granted a relief to both auditors and other independent directors…
PTI
2 mins read
Even British Airways and Philips stand to lose money in India's biggest financial scandal of 2018
Ahead of the debt resolution process of troubled infra lender Infrastructure Leasing & Financia…
2 mins read
India’s securities regulator is forcing rating agencies to comply with stricter assessment norms to prevent a repeat of the IL&FS crisis
In the wake of the collapse of IL&FS, wherein India’s largest infrastructure lender defaulte…
2 mins read
CBI searches 19 locations in two separate bank fraud cases
The Central Bureau of Investigation (CBI) on Saturday said that it registered two separate cases ov…
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India Budget 2020: Bank scam victims are assured of ₹5 lakh instead of ₹1 lakh
“A robust mechanism is in place to monitor the health of all banks and the money of deposito…
1 min read
NCLAT reserves order over NCLT's jurisdiction to implead auditors in IFIN case
New Delhi, Jan 10 () Hearing a plea by Deloitte Haskins and Sells and KPMG arm BSR & Associates…
PTI
3 mins read
Audit firms eye global tie-ups to upgrade skills, build bandwidth
New Delhi, Dec 8 () With an aim to upgrade skills and build their bandwidth, an increasing number o…
PTI
2 mins read
Business highlights
DCM41 BIZ-TELECOM-DUES-PSUSGovt detaches GAIL, OIL, other PSUs from AGR caseNew Delhi: The governm…
PTI
2 mins read
Top stocks to watch — IDBI Bank, PNB, Axis Bank, M&M, Embassy REIT, PVR, and others
Indian stock-market indices are likely to start on a stronger note on Wednesday, led by positive cu…
3 mins read
Companies in India may soon need approval from minority shareholders to appoint or remove an independent directors
The new provision is intended to ensure that small shareholders are not shortchanged but the…
3 mins read
Payment of 1% GST in cash only for 45,000 taxpayers: DoR sources
The government's decision on mandatory payment of at least 1 per cent of GST tax liability in cash …
2 mins read
Auditors must use latest tech tools for quality audits: CEPR
Such drivers include the rapid increase in volume of data, changes in business models, shift towar…
PTI
1 min read
Tata Motors loses over a billion dollars in market value
The slowdown in China, which is a huge market for JLR, had dented margin and eroded profit in t…