As criminals switch to ‘digital India’, Govt forms committee to tackle phone fraud

As criminals switch to ‘digital India’, Govt forms committee to tackle phone fraud

2018-03-28T13:29:25+00:00 On

The government of India has set up a “Committee on Phone Frauds” to deal rising instances of theft of money using phone calls and one time passwords. India has seen a sharp increase in the number of ‘phishing calls’ made on phones…

Documentary on misuse of India’s anti-cruelty section 298A goes live on Netflix

Documentary on misuse of India’s anti-cruelty section 298A goes live on Netflix

2018-03-22T16:58:46+00:00 On

Deepika Narayan Bhardwaj, a crusader against the misuse of anti-domestic violence laws in India, said that her documentary ‘Martyrs of Marriage’ is now available on Netflix. Bhardwaj has won tens of thousands of fans and followers in India for her work towards…

Delhi Police installs first 100 station CCTV cameras for Rs 44 lakh

Delhi Police installs first 100 station CCTV cameras for Rs 44 lakh

2018-03-13T18:48:55+00:00 On

Delhi Police, the arm of the central government that is responsible for keeping law and order and providing security to important persons in the national capital, has spent Rs 43,94,441 for installing the first 10 CCTV systems at its police stations. The…

No FIR against Tribune reporter over Aadhaar leakage story – Govt

No FIR against Tribune reporter over Aadhaar leakage story – Govt

2018-03-10T13:01:36+00:00 On

The Ministry of Electronics and Information Technology said no case has been registered against reporter Rachna Khaira or The Tribune newspaper in relation to the January 3 story on how Aadhaar details were available for sale at Rs 500. The report had…

Maharashtra lifts ban on Jubilant LIfe Sciences’ alcohol production

Maharashtra lifts ban on Jubilant LIfe Sciences’ alcohol production

2018-03-07T08:24:11+00:00 On

Pharma company Jubilant Life Sciences said the government of Maharashtra has stayed the order passed by state excise commissioner stopping the production of alcohol at one of its plants in the state. On March 3, the commissioner had canceled the company’s licenses…

SC orders examination of auditing practices in India

SC orders examination of auditing practices in India

2018-02-23T11:53:08+00:00 On

The Supreme Court has directed the government of India to set up a committee to suggest reforms in rules and regulations governing accounting and auditing services companies in India. The three-member committee has been asked to suggest a revamped regulatory mechanism for…

Fortis Healthcare gets notice from Registrar of Companies

Fortis Healthcare gets notice from Registrar of Companies

2018-02-22T16:14:28+00:00 On

Hospital chain Fortis Healthcare said it received a notice from the Punjab and Chandigarh office of Registrar of Companies asking for information. The company did not clarify what the information was related to, but it is likely that it is related to…

IndusInd Bank says only “small, two-digit exposure” to Gitanjali Gems

IndusInd Bank says only “small, two-digit exposure” to Gitanjali Gems

2018-02-20T09:46:51+00:00 On

Private sector lender IndusInd Bank clarified that it does not have any heavy exposure to the ongoing saga of fraud and crime involving unauthorized letters of comfort issued by an employee of Punjab National Bank. “IndusInd Bank has no direct credit exposures…

Gitanjali Gems compliance officer resigns over “absence of disclosure”

Gitanjali Gems compliance officer resigns over “absence of disclosure”

2018-02-19T11:39:22+00:00 On

Two key personnel of Gitanjali Ltd — its chief compliance officer and its chief financial officer — resigned last week, regulatory filings on Tuesday showed. While Pankhuri Warange, the chief compliance officer and the company secretary, resigned over concerns about “absence of…

Allahabad Bank’s exposure to Nirav Modi incident at Rs 2,362 cr

Allahabad Bank’s exposure to Nirav Modi incident at Rs 2,362 cr

2018-02-19T10:28:19+00:00 On

Allahabad Bank said it is exposed to the tune of  $366.87 million to the current incident involving diamond merchant Nirav Modi and the unauthorized Letters of Undertakings he allegedly secured from Punjab National Bank. However, said Allahabad Bank, it is not worried…

FULL TEXT – PNB STATEMENT on Nirav Modi; Axis, Allahabad Bank involved

FULL TEXT – PNB STATEMENT on Nirav Modi; Axis, Allahabad Bank involved

2018-02-16T08:50:07+00:00 On

Punjab National Bank, India’s second largest public sector bank, has issued a statement on exactly what happened in the Nirav Modi case that resulted in nearly $1.77 bln of unauthorized liabilities being taken on by the bank. In the statement, PNB detailed…

NSE seeks data on Nirav Modi case from PNB

NSE seeks data on Nirav Modi case from PNB

2018-02-15T12:31:51+00:00 On

National Stock Exchange of India, India’s largest securities trading platform, has sought details from Punjab National Bank on media reports regarding raids by enforcement agencies on the bank’s premises in the Nirav Modi case. “The exchange has advised the company to provide…

Income Tax dept identifies millions of non-tax payers using software

Income Tax dept identifies millions of non-tax payers using software

2018-02-10T08:52:12+00:00 On

The income tax department has been able to identify millions of non-tax-filers and collect Rs 26,425 cr of self-declared tax by using software to analyze third party financial and transaction data over the last six years, the finance ministry said. The income…