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…

PADMAAVAT PROTESTS: Haryana DGP warns of ‘strict action’ against miscreants, 31 arrested

PADMAAVAT PROTESTS: Haryana DGP warns of ‘strict action’ against miscreants, 31 arrested

2018-01-25T16:20:38+00:00 On

Haryana Police denied rumors of widespread violence in the state associated with the exhibition of the film Padmaavat and reassured cinema-goers of ‘full protection’. The assurances come a day after malls and vehicles in Gurgaon, the commercial capital of Haryana, came under…

Aadhaar Face Recognition to help Govt identify people using only a camera

Aadhaar Face Recognition to help Govt identify people using only a camera

2018-01-15T15:21:06+00:00 On

Going by indications from the Unique ID Authority of India, Aadhaar numbers could soon be linked to people’s images, allowing the government and corporations to identify people from their photographs and videos. “UIDAI introduces yet another landmark technology for authentication – Face…

Power of Social Media: Protesters seek justice for Kerala man killed for love

Power of Social Media: Protesters seek justice for Kerala man killed for love

2018-01-14T20:37:07+00:00 On

Hundreds of protestors turned out to seek justice for a 27-year-old boy allegedly killed by a team of Kerala policemen for getting romantically involved with a girl who was related to one of them. In a rare occurrence in Kerala — where…

Masood Azhar warns Pakistan against ‘kneeling before Trump’

Masood Azhar warns Pakistan against ‘kneeling before Trump’

2018-01-11T11:49:52+00:00 On

Maulana Masood Azhar, the founder of terror-cum-charity group Jaish-e-Mohammed, has warned the Pakistan government against giving in to the demands of the Americans, who want it to destroy all terror groups. Azhar said Pakistani media and intellectuals are trying to scare the…

Potential Trouble for Congress as SC directs reinvestigation of 1984 riot cases

Potential Trouble for Congress as SC directs reinvestigation of 1984 riot cases

2018-01-11T14:59:12+00:00 On

Congress Party leaders could find themselves attracting unwelcome attention and scrutiny after the Supreme Court today decided to order a reinvestigation of 186 cases out of the 241 cases related to the 1984 anti-Sikh riots. Out of the 241 cases, 42 are…

Make bitcoins illegal – Government of India Committee

Make bitcoins illegal – Government of India Committee

2018-01-08T17:53:04+00:00 On

Bitcoin users and investors in India could be in for tough times ahead as a high-level, interdepartmental committee set up by the government of India has urged it to crack down on such virtual currencies. The contents of the committee’s report, submitted…

Congress wants taxpayers to fund Muslim divorces – RS Prasad

Congress wants taxpayers to fund Muslim divorces – RS Prasad

2018-01-09T07:05:56+00:00 On

Union law minister Ravi Shankar Prasad today said he has had official talks with the Congress Party on the ‘triple talaq’ bill, but the opposition party has raised two demands that amount to incentivizing Muslim men to abandon their women. The first…

No, India’s AADHAAR database has not been compromised

No, India’s AADHAAR database has not been compromised

2018-01-08T18:24:30+00:00 On

Social and mainstream media is abuzz with headlines that scream that the Aadhaar database has been ‘leaked’ or ‘breached’ by miscreants and that the UID Authority of India has been caught napping. “Personal data of a billion Indians sold online for £6”,…