Business Today: Latest Business News, India economy News, Stock Markets, Sensex, Mutual Funds and Indian Tax
Search

Total 838 results found. Search for [ ED ]

Results 1 to 21 of 838
BusinessToday.In
July 18, 2018
The move comes after liquor baron Vijay Mallya, PNB scam accused diamantaire Nirav Modi and Mehul Choksi gave a slip to the authorities.


BusinessToday.In
New Delhi, July 17, 2018
Bezos' net worth increased by $52 billion over this year. To put it in perspective, that is more than the entire fortune of Alibaba co-founder, Jack Ma.


Virendrasingh Ghunawat
July 17, 2018
Responding to Letter Rogatory, the Singapore authorities have started communicating to the Indian agency. But the authorities, however, are still not willing to hand over any evidence against Nirav Modi till the time they are convinced that he is an economic offender and criminal under the money laundering act.


BusinessToday.In
New Delhi, July 13, 2018
On July 5, a UK High Court judge issued an enforcement order in favour of a consortium of 13 Indian banks allowing them to enter, search and seize goods from Mallya's current location. However, most of the Mallya's assets are not in his name, and hence won't be of any use to the recovery officials. Watch BusinessToday.In video on what India can and can't seize from fugitive Vijay Mallya.


Virendrasingh Ghunawat
Mumbai, July 13, 2018
The Enforcement Directorate (ED) is likely to file its prosecution complaint against fugitive businessman Jatin Mehta next week to make ground to confiscate his assets worth Rs 172 crore under the new Fugitive Act.


Meetu Jain
July 11, 2018
The Enforcement Directorate for the first time filed a reply in the case of P Chidambaram opposing his bail plea. The agency has urged the court to take cognisance of a charge sheet against Karti Chidambaram on July 31.


Mail Today Bureau
July 7, 2018
SBI is the leader of the consortium of 13 banks that lent about Rs 9,000 crore to Mallya's now defunct Kingfisher Airlines. The state-run lender has appointed a valuer to assess the value of Vijay Mallya's assets. 


Munish Chandra Pandey
July 7, 2018
The Enforcement Directorate has already communicated with Hong Kong authorities and will approach other countries too. Both the Central Bureau of Investigation and the ED are using other channels as well to tighten the noose around the fraudster.


Virendrasingh Ghunawat
Mumbai, July 6, 2018
It's not only the diamantaires Nirav Modi and Mehul Choksi who conspired and cheated the Punjab National Bank (PNB) of Rs 13,600 crore loan amount. Mumbai's leading hawala operator Mohammad Farooq was also not far behind, a charge sheet filed by the Enforcement Directorate has revealed.


BusinessToday.In
New Delhi, July 6, 2018
ED initiates extradition process against Nirav Modi under MLATWith the permission of special PMLA Court, the Enforcement Directorate (ED) has begun the extradition process against diamantaire Nirav Modi in $2-billion PNB loan fraud case under PMLA. Till now, the extradition has been sought from UK, Belgium and a few other countries. But that's not all. The agency is also working on another strategy, i.e. MLAT. Sources told Indiatoday.in that the agency is also making a request for extradition of Nirav Modi under Mutual Legal Assistance Treaty (MLAT). MLATs are agreements between two or more countries, which create obligations under international law for governments to assist one another in criminal investigations and prosecutions. Mukesh Ambani unveils JioGigaFiber at RIL AGM 2018The richest man in the country who runs India's largest private enterprise by revenue has announced his ambitious plan for taking India among Top 5 nations in fixed-line broadband.Ambani also launched the advanced version of Jio's flagship device, JioPhone. Besides, he also launched Jio Gigafibre. The new Jio Phone 2 will hit the markets by August 16 this year and will be available at a price of Rs. 2999. Mukesh Ambani has also announced the Jio Monsoon offer, he informed that old JioPhone users can exchange their phones in just Rs 501 under the special Reliance Jio Monsoon offer. The offer is valid till July 21. He also informed that Reliance Jio and Retail ventures were the top earners for the company in the previous fiscal year. Kishore Biyani's Future Lifestyle Fashions acquires stake in fashion etailer KoovsIn a regulatory filing yesterday, Biyani-led Future Lifestyle Fashions Ltd (FLFL) disclosed that it has reached a conditional agreement with leading e-commerce fashion business Koovs to acquire up to 29.9 per cent stake in it, subject to regulatory and procedural approvals. According to Mint, FLFL will shell out Rs 140 crore for this acquisition, which will be funded through internal accruals and the money it had raised though a stake sale to Singapore-based private equity firm L Catterton Asia in May. E-tailers exploring ways to improve reverse logistics costs: Study  E-tailers are increasingly looking for ways to improve their \"reverse logistics\" capabilities to offset the high costs associated with handling returned goods, a study by Zebra Technologies said today. Reverse logistics refers to the process of return of a product to the manufacturer or the company. The study said that while handling product returns is not a new challenge, it has become an \"infinitely bigger concern\" in an omni-channel marketplace.The report said merchants are increasingly exploring new models to offset the costs of returns.About 58 per cent of retail respondents said they add a surcharge for returns currently, while a segment of participants said they plan to do so in the future.About 35 per cent of the respondents of the study in the Asia-Pacific region were from IndiaIran to Trump: oil will cost $100 per barrel, and it is your faultOil will soon cost $100 per barrel due to supply disruptions caused by U.S. President Donald Trump, Iran's OPEC Governor told Reuters on Thursday, as he warned expectations that Saudi Arabia and Russia would help bring down prices were in vain.Trump again accused the Organization of the Petroleum Exporting Countries of driving fuel prices higher on Wednesday, and urged U.S. allies such as Saudi Arabia to pump more if they wanted Washington to continue protecting them against their top foe Iran. Iran, OPEC's third-largest producer, is facing U.S. sanctions on its oil exports that are prompting some buyers to cut purchases.Indian Aviation Records Double Digit Passenger Growth For Nearly Fourth Straight YearIndia registered double-digit domestic air passenger growth for the forty fifth straight month in May even as volumes moderated in recent months. The International Air Transport Association said that the country's revenue passenger kilometre--a measure of passenger volumes--rose 16.6 percent in May. Seasonally-adjusted passenger volume in India has fallen back in recent months alongside some mixed signs on the economic front, it said. IATA said that this year growth is expected to slow slightly due to reduced stimulus from lower airfares and a mixed economic backdrop.


Virendrasingh Ghunawat
July 5, 2018
With the permission of special PMLA Court, the Enforcement Directorate (ED) has begun the extradition process against diamantaire Nirav Modi in $2-billion PNB loan fraud case under PMLA.


PTI
New Delhi, July 5, 2018
The order grants permission to the UK High Court Enforcement Officer to enter the 62-year-old tycoon's properties in Hertfordshire, near London. It permits the officer and his agents entry to Ladywalk and Bramble Lodge in Tewin, Welwyn, where Mallya is currently based.


Mail Today Bureau
July 4, 2018
The premier investigation agency made the submission in an affidavit filed before Justice A K Pathak, who listed the matter for hearing on August 1 and extended till then the interim protection against arrest granted to Chidambaram on May 31.


Virendrasingh Ghunawat
Mumbai, July 3, 2018
When he got a hint that the Punjab National Bank has lodged a complaint against Gitanjali Group and the central investigative agencies are on the verge of nailing him down, Mehul Choksi began the process of selling all his properties and move outside India.


Virendrasingh Ghunawat
Mumbai, July 3, 2018
Choksi indulged in fund diversion to fulfil his luxurious needs. In 2013, he purchased a villa from Ziad Khalil Makkawi and Amal Boudhara Makkawi (UAE) and paid Rs 27 crore. To pay the EMI, Rs 15 lakh used to be transferred to Choksi's account from Gitanjali Venture DMCC in the guise of professional fees.


BusinessToday.In
July 2, 2018
The red notice is a request to locate and provisionally arrest an individual pending extradition.


PTI
June 30, 2018
Special judge M S Azmi, dealing with the PMLA cases, issued summon after taking cognisance of the second ED charge sheet filed against Mallya and a subsequent application by it on June 22 seeking a fugitive economic offenders tag.


BusinessToday.In
June 28, 2018
The Enforcement Directorate (ED) on Thursday filed chargesheet against absconding jewellery trader Mehul Choksi and 13 others in the Rs 14,000 crore PNB scam. Choksi, the owner of Gitanjali Group, was charged under PMLA for money laundering.


Ankit Kumar
June 27, 2018
According to an ED letter to Mumbai's regional passport office, those eight Indian nationals are either shareholders or directors of companies, associated with the absconding billionaire, in Hong Kong and Dubai.


BusinessToday.In
New Delhi, June 26, 2018
The fugitive liquor baron Vijay Mallya today hit out at the government and its investigative agencies for making him the 'poster boy' of bank defaults. The beleaguered tycoon has written a detailed 5-page letter. Watch BusinessToday.In's video to find out more.


PAGES 1 OF 42  12345