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PNB fraud: ED probe finds Nirav Modi, his brother Neeshal and Mehul Choksi were partners in 100 companies
India

PNB fraud: ED probe finds Nirav Modi, his brother Neeshal and Mehul Choksi were partners in 100 companies

Before the PNB scam came to light, Both Modi and Choksi, along with other family members, said to have left the country in early January.

Vijay Mallya, Captain Gopinath in SFIO crosshairs for alleged violation of Companies Act
Business

Vijay Mallya, Captain Gopinath in SFIO crosshairs for alleged violation of Companies Act

Filing of recent case pertains to Rs 6,400 crore that the Vijay Mallya backed Kingfisher Airlines had raised as loan from banks

Bitcoin rally: From dentistry to sex trade, entrepreneurs rush to make the most of the price surge
Business

Bitcoin rally: From dentistry to sex trade, entrepreneurs rush to make the most of the price surge

At least a dozen companies, including some in past few weeks, have been registered in various parts of the country with 'Bitcoin' as part of their names while many more such applications are pending before the Registrars of Companies

Xiaomi’s regulatory filing reveals plans of selling more than just smartphones in India, electric vehicles not ruled out
News & Analysis

Xiaomi’s regulatory filing reveals plans of selling more than just smartphones in India, electric vehicles not ruled out

If the latest regulatory filings made by the Chinese consumer electronics giant are any indication, then it will seem that Xiaomi does not only want to sell smartphones in India.

Sebi fines 8 entities for disclosure lapses in IPO documents
Business

Sebi fines 8 entities for disclosure lapses in IPO documents

Sebi has penalised Rushil Decor, Corporate Strategic Allianz and six others for disclosure lapses in their IPO documents

War on black money: Govt likely to shut down 6-7 lakh shell companies, says report
Business

War on black money: Govt likely to shut down 6-7 lakh shell companies, says report

The companies in question have engaged in high-value transaction post demonetisation and also deposited huge amount of cash in banks

Ringing Bells to face action if it fails to deliver Freedom 251 smartphone
News & Analysis

Ringing Bells to face action if it fails to deliver Freedom 251 smartphone

The government is monitoring Ringing Bells, which has launched the world's cheapest smartphone, and will take action if the company fails to deliver the Freedom 251 handset, Telecom Minister Ravi Shankar Prasad said today.

NSEL violated rules, didn't act against defaulters: RoC report
Business

NSEL violated rules, didn't act against defaulters: RoC report

The National Spot Exchange (NSEL) and its board not only violated multiple regulations but did not take action against repeated defaults which resulted in the current crisis at the bourse, according to an inspection by the Corporate Affairs Ministry.

SpiceJet gets show-cause notice for Companies Act violations
Business

SpiceJet gets show-cause notice for Companies Act violations

Chennai-based low-cost airline SpiceJet has been sent a show-cause notice for alleged violation of provisions of the Companies Act.

ROC seeks details of Gadkari's role, stake in Purti firms
Business

ROC seeks details of Gadkari's role, stake in Purti firms

The Registrar of Companies has found several prima-facie violations of the Companies Act and has sent a notice to the Purti group. It is also scrutinising Purti Power and Sugar along with 16 other firms.