The investigators suspect that Nirav Modi and his uncle Mehul Choksi all along knew that one day the loot would be unraveled and started plotting to erase the evidence linking them and frame others in the fraud.
The CBI charge sheet reviewed by Firstpost gave cursory details of Modi’s modus operandi, however, the investigators said they have penetrated Modi’s cobweb.
The Reserve Bank of India (RBI) has clarified in the RTI that only those cases of fraud, involving a sum of over Rs 1 lakh, were included in the list.
Former Union Environment Minister Jairam Ramesh on Sunday rejected reports in a section of the media that he had a role in granting clearance to the controversial Sterlite copper plant in Tuticorin.
If global trade is impacted negatively due to trade tensions in the near future, "India is in a good position to navigate it," Sebastian Vergara, the United Nations Economic Affairs Officer, said
Bringing petroleum products under GST brooks no delay. All that it requires is convening of the GST council meeting immediately
If the government fails to bottle the inflation genie, it will be politically disastrous for Narendra Modi and his party in an election year.
Forex dealers said, besides increased selling of the American currency by exporters as well as banks, a higher opening in the domestic equity market supported the rupee.
The standalone tower businesses of Vodafone and Idea have a combined portfolio of nearly 20,000 towers, which included around 10,200 towers of Vodafone and the rest of Idea.
With Jet Airways incurring a huge fourth-quarter loss of Rs 1,036 crore on high oil prices and weaker rupee, its auditors have said the "appropriateness of assumption of going concern" for the company depends on its ability to raise necessary funds, among other factors.
Maharashtra has already given its consent for bringing petrol and diesel under the purview of GST which was rolled out on 1 July last year but "other states have not given their consent yet," Fadnavis said
The criminal complaint has been filed against Nirav Modi, his associates and businesses and the entire gamut of issuance of fake Letters of Undertaking (LoUs) by Punjab National Bank (PNB) to his firms in alleged connivance of bank officials.
Deeper questions remain on where Digital India is heading with global giants including Google, Facebook, Amazon and Microsoft going great guns in India but there is also a looming fear of "data colonisation" of India by giants with powerful technologies
The gains the government made by hiking taxes when prices were low must be paid back to the consumer.
Did Chidambaram or his government ever set about on a war-footing to do anything concrete about either strengthening the dollar or augmenting our oil resources or in making efforts to break away from hydrocarbon oil dependency
The 30-share Sensex rose 152.81 points, or 0.44 percent, to 34,497.72, with sectoral indices IT, tech, capital goods, healthcare, power, consumer durables, bankex and realty advancing by up to 1.77 percent.
PNB has also claimed that before filing bankruptcy petition, Modi’s right hand man Mihir Bhansali was in touch with the fugitive diamantaire
The IMD World Competitiveness Center, a research group at IMD business school in Switzerland, has published the rankings every year since 1989.
Petrol costs Rs 76.87 per litre in Delhi and diesel costs Rs 68.08 a litre. In the past nine days, petrol price has risen by Rs 2.24 a litre and diesel by Rs 2.15.
The BJP is in power in 21 states. It can exhort its state governments to sharply reduce the VAT rates on petroleum products if only to neutralize the impact of the rampaging price
To salvage PSBs, the government first needs to get them out of its control and let the private sector take over these banks
The 30-share index dropped 60.79 points or 0.17 percent to 34,590.45. The gauge had gained 35.11 points in the previous session.
The Union minister said the recent hikes in fuel prices are a result of global crude oil price increase and US sanctions on Iran, even as he stressed that the government was "finding a way out"
While the deadline for submission of Expression of Interest (EoI) in Air India ends on 31 May, the secretary said the Request for Proposal could be issued after 15 June.
While SoftBank is now exiting Flipkart, it continues to be a significant investor in Flipkart's rival Paytm Mall. Reports suggest after the closure of the Flipkart deal, SoftBank could look at pumping in funds into Paytm Mall.
State Bank of India which accounts for more than a fifth of India’s banking assets said it aims to grow loans at an annual average of 12 percent through March 2020, nearly halve its gross non-performing loan ratio, bring down provisioning costs and improve margins.
Government's draft Air Passenger Charter will be put up for public consultations and then notified within a month.
RBI must wake up and institutionalise systems audit and make it mandatory. This is like periodic maintenance of machinery
The directors quitting is the latest twist in a prolonged takeover for Fortis, one of the country’s largest hospital operators.