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Massive Blow To BCCI, Asked To Pay Rs 538 Crore By Bombay High Court. Details Here
The Bombay High Court has upheld the arbitral, directing the Board of Control for Cricket in India (BCCI) to pay Rs 538 crore to the now defunct IPL franchise Kochi Tuskers Kerala.
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Google India Told To Submit Bank Guarantees For 50% Of Rs 5 Crore Fine
Google India was fined Rs 5 crore for alleged Foreign Exchange Management Act (FEMA) violations.
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Want To Retire And Live In Peace? This Island Country Has A Unique Plan
To qualify, applicants must provide proof of financial stability, such as a bank statement showing a minimum of $18,000 or a guaranteed monthly income.
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Centre's Big Move Comes As Boost For Vodafone Idea, Welcomed By Industry
Hailing the government's landmark decision to waive bank guarantees for telecom spectrum acquired before 2022, industry players on Tuesday said such supportive policy measures are instrumental for technological innovation.
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India 2nd Only To US In Number Of Banks Covered By Deposit Insurance: RBI
India's Deposit Insurance and Credit Guarantee Corporation (DICGC) has extended coverage to 1,997 banks comprising 140 commercial banks and 1,857 cooperative banks.
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National Medical Commission Directs Colleges to Seek Return of Expired Bank Guarantees
NMC has asked the medical colleges to make a formal request for return of Bank Guarantees on fulfilling certain conditions.
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Inside BJP's Strategy To Win Over Voters In Rajasthan
While the Congress in Rajasthan is banking on its women-centric welfare schemes and "guarantees" to woo voters, the BJP is mobilising women leaders from other states to counter the ruling party.
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Court Allows Businessman To Go To US For Treatment On Rs 100 Crore Bank Guarantee
The Delhi High Court Monday permitted Anant Raj Kanoria, the son of one of the promoters of SREI Infrastructure against whom a Look Out Circular has been issued by the Enforcement Directorate, to travel to the US for medical treatment
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Congress Banking On 5 'Guarantees' For Victory In Karnataka Polls
With the BJP focusing on the Bajrang Dal ban issue by turning it into a poll plank, the Congress is banking on its five "guarantees" for a victory in the upcoming Karnataka Assembly elections, party sources said on Thursday.
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Karnataka HC Rejects Xiaomi's Petition Challenging $676 Million Asset Freeze by ED: Report
Karnataka High Court has rejected China-based Xiaomi Corp's petition challenging the seizure of $676.35 million (roughly Rs. 5,500 crore) by the Enforcement Directorate, news website Live Law reported on Friday.
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Vivo Ordered to Approach PMLA Appellate Tribunal for Bank Account Freezing Issue
Vivo has been asked by The Delhi High Court to approach the PMLA Appellate Tribunal in relation to the freezing of its bank accounts pursuant to a money laundering probe by the Enforcement Directorate. In July 2022, the high court allowed Vivo to operate its various frozen bank accounts subject to furnishing of a bank guarantee of Rs. 950 crore wit...
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Supreme Court Tells SpiceJet To Pay Rs 270 Crore Dues To Previous Owner
The Supreme Court on Monday said the bank guarantee of Rs 270 crore of SpiceJet must be encashed immediately and the money be paid to media baron Kalanithi Maran and his Kal Airways towards dues from the arbitral award of Rs 578 crore.
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Star India Asks BCCI For Discount In Media Rights Deal, Byju's Wants Board To Encash Bank Guarantee: Report
The BCCI top brass deliberated on the two subjects for more than an hour in the emergent meeting of the Apex Council on Monday. It was a virtual meeting.
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Italy Partners With Algorand to Become First EU Country to Tweak Banking Systems With Blockchain
Italy has chosen the Algorand blockchain to bring about improvements in the existing banking systems starting next year. Insurance or bank guarantees are commodities promised by banks or insurance firms to mitigate a loss in case of a loan default. A blockchain twist to the issuance of these guarantees could make the records more irreversible, and ...
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Xiaomi's Appeal for Relief Over $676 Million Asset Freeze Declined by Karnataka High Court
An Indian court on Thursday declined to lift a freeze on Xiaomi's $676 million (nearly Rs. 5,500 crore) worth of assets, even as the Chinese smartphone group said this enforcement action had "effectively halted" its operations in its key Indian market. India's federal financial crime agency, the Enforcement Directorate (ED), froze Rs. 5,551 crore o...
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Massive Blow To BCCI, Asked To Pay Rs 538 Crore By Bombay High Court. Details Here
The Bombay High Court has upheld the arbitral, directing the Board of Control for Cricket in India (BCCI) to pay Rs 538 crore to the now defunct IPL franchise Kochi Tuskers Kerala.
-
Google India Told To Submit Bank Guarantees For 50% Of Rs 5 Crore Fine
Google India was fined Rs 5 crore for alleged Foreign Exchange Management Act (FEMA) violations.
-
Want To Retire And Live In Peace? This Island Country Has A Unique Plan
To qualify, applicants must provide proof of financial stability, such as a bank statement showing a minimum of $18,000 or a guaranteed monthly income.
-
Centre's Big Move Comes As Boost For Vodafone Idea, Welcomed By Industry
Hailing the government's landmark decision to waive bank guarantees for telecom spectrum acquired before 2022, industry players on Tuesday said such supportive policy measures are instrumental for technological innovation.
-
India 2nd Only To US In Number Of Banks Covered By Deposit Insurance: RBI
India's Deposit Insurance and Credit Guarantee Corporation (DICGC) has extended coverage to 1,997 banks comprising 140 commercial banks and 1,857 cooperative banks.
-
National Medical Commission Directs Colleges to Seek Return of Expired Bank Guarantees
NMC has asked the medical colleges to make a formal request for return of Bank Guarantees on fulfilling certain conditions.
-
Inside BJP's Strategy To Win Over Voters In Rajasthan
While the Congress in Rajasthan is banking on its women-centric welfare schemes and "guarantees" to woo voters, the BJP is mobilising women leaders from other states to counter the ruling party.
-
Court Allows Businessman To Go To US For Treatment On Rs 100 Crore Bank Guarantee
The Delhi High Court Monday permitted Anant Raj Kanoria, the son of one of the promoters of SREI Infrastructure against whom a Look Out Circular has been issued by the Enforcement Directorate, to travel to the US for medical treatment
-
Congress Banking On 5 'Guarantees' For Victory In Karnataka Polls
With the BJP focusing on the Bajrang Dal ban issue by turning it into a poll plank, the Congress is banking on its five "guarantees" for a victory in the upcoming Karnataka Assembly elections, party sources said on Thursday.
-
Karnataka HC Rejects Xiaomi's Petition Challenging $676 Million Asset Freeze by ED: Report
Karnataka High Court has rejected China-based Xiaomi Corp's petition challenging the seizure of $676.35 million (roughly Rs. 5,500 crore) by the Enforcement Directorate, news website Live Law reported on Friday.
-
Vivo Ordered to Approach PMLA Appellate Tribunal for Bank Account Freezing Issue
Vivo has been asked by The Delhi High Court to approach the PMLA Appellate Tribunal in relation to the freezing of its bank accounts pursuant to a money laundering probe by the Enforcement Directorate. In July 2022, the high court allowed Vivo to operate its various frozen bank accounts subject to furnishing of a bank guarantee of Rs. 950 crore wit...
-
Supreme Court Tells SpiceJet To Pay Rs 270 Crore Dues To Previous Owner
The Supreme Court on Monday said the bank guarantee of Rs 270 crore of SpiceJet must be encashed immediately and the money be paid to media baron Kalanithi Maran and his Kal Airways towards dues from the arbitral award of Rs 578 crore.
-
Star India Asks BCCI For Discount In Media Rights Deal, Byju's Wants Board To Encash Bank Guarantee: Report
The BCCI top brass deliberated on the two subjects for more than an hour in the emergent meeting of the Apex Council on Monday. It was a virtual meeting.
-
Italy Partners With Algorand to Become First EU Country to Tweak Banking Systems With Blockchain
Italy has chosen the Algorand blockchain to bring about improvements in the existing banking systems starting next year. Insurance or bank guarantees are commodities promised by banks or insurance firms to mitigate a loss in case of a loan default. A blockchain twist to the issuance of these guarantees could make the records more irreversible, and ...
-
Xiaomi's Appeal for Relief Over $676 Million Asset Freeze Declined by Karnataka High Court
An Indian court on Thursday declined to lift a freeze on Xiaomi's $676 million (nearly Rs. 5,500 crore) worth of assets, even as the Chinese smartphone group said this enforcement action had "effectively halted" its operations in its key Indian market. India's federal financial crime agency, the Enforcement Directorate (ED), froze Rs. 5,551 crore o...
