The legal issue arose during the hearing of an Enforcement Directorate appeal against a Bombay High Court order granting bail to former DHFL promoters, Kapil Wadhawan and Dheeraj Wadhawan, in a Yes Bank money laundering case being probed by the agency

Indian app Chingari to hire pink-slipped TikTok employees; YES Bank founder Rana Kapoor arrested by ED in another money laundering case; Aditya Birla Fashion buys 51% stake in Sabyasachi for Rs 398 crore. Watch this and more news on News Blast.

Aditya Birla Fashion buys 51% stake in Sabyasachi for Rs 398 crore Aditya Birla Fashion and Retail Limited (ABFRL) has signed a definitive agreement to buy 51 per cent stake in designer brand Sabyasachi for Rs 398 crore. The deal is expected to be closed in late-February or mid-March, the company said in a regulatory filing. Meanwhile, the ABFRL platform will complement brand Sabyasachi on its journey to becoming a global luxury house out of India Reliance signs $15 million deal with Isra...

Kamal Gupta, Chairman of Omkar Realtors and Developers, and Babulal Verma, Managing Director of the firm, have been arrested in connection with the alleged Rs 22,000 crore Slum Rehabilitation Authority (SRA) scam case

The Bombay High Court had on Monday refused to grant bail to Kapoor.

Google's CEO Sundar Pichai says, to help with mass vaccination efforts, starting in the United States, Google will make select facilities such as buildings, parking lots and open spaces available to anyone eligible for the vaccine based on state and local guidelines

The central agency is conducting an investigation against Kapoor, his wife, and their three daughters over a sum of Rs 600 crore received by a firm allegedly controlled by them from an entity linked to scam-hit Dewan Housing Finance Limited

Following the news, share of the firm opened at the day's low of Rs 1.35, falling 3.5% against the last closing of Rs 1.40. The stock also hit the day's high at Rs 1.45 but soon erased gains

Cox & Kings owes Rs 5,500 crore to various banks. The firm was also one of the biggest borrowers of YES Bank when it was under the founder Rana Kapoor, and owes over Rs 2,267 crore to the lender

The order was passed by Justice SV Kotwal, who had reserved the judgement on October 23, after hearing their bail pleas for three days

The lender is experiencing delays in loan recovery efforts as big defaulters are approaching courts, its new chief executive and managing director Prashant Kumar said

On October 6, ED arrested Anil Khandelwal, CFO of Cox and Kings Group, and Naresh Jain, internal auditor, under Prevention of Money Laundering Act in YES Bank loan fraud case

ED investigations have detected anomalies between bank transactions and books of accounts of Cox and Kings Group. Anil Khandelwal and Naresh Jain were found responsible for these anomalies

In the years since its establishment, Kwan went on to sign big names in the industry including Hrithik Roshan, Ranbir Kapoor, Sonam Kapoor, Kriti Sanon and Deepika Padukone who has been their exclusive client since 2013

The Enforcement Directorate has seized a posh apartment of jailed Yes Bank founder Rana Kapoor situated in Central London

The private sector lender said it then applied to the RBI, seeking permission for continuation of use of the requested facilities by Gill

The Dewan Housing Finance Corporation promoters will, however, remain in jail as CBI is still investigating them on the similar charges of money laundering 

YES Bank shares trade higher than 5 and 20-day but lower than 50, 100 and 200-day moving averages. Market capitalisation of the firm stood at Rs 39,436 crore as of today's session

Sashidhar Jagdishan's appointment as new MD and CEO of HDFC Bank is the culmination of a long search involving multiple candidates

Anil Ambani-led Reliance group is one of the biggest borrowers of YES Bank with exposure of over 12,000 crore