Tharoor reacts: Sunanda Pushkar would never have committed suicide

Politician Shashi Tharoor said his wife would never commit suicide, and termed the charges of abeting her suicide “unbelievable”. “I have taken note of the filing of this preposterous charge sheet & intend to contest it vigorously,” Tharoor said. “No one who knew Sunanda believes she would ever have committed suicide, let alone abetment on […]

Delhi Police drops murder charges against Shashi Tharoor; Swamy says will pursue murder angle

Delhi Police has dropped its initial charge of murder against politician Shashi Tharoor in its final chargesheet in the Sunanda Pushkar murder case. Instead, the police has gone with ‘abetment to suicide’ and ‘cruelty’ towards spouse. Initially, the police had started investigations on the basis of an FIR mentioning murder and section 302, but the […]

Not impacted by hacking attempt – Idea Cellular, Aditya Birla Cap

Two companies belonging to the Aditya Birla Group issued clarifications that they were not impacted by an attempted hacking of computers as reported in media reports. Telecom services provider Idea Cellular and financial services firm Aditya Birla Capital said they were not impacted. However, a third firm, Ultratech Cement, said there was an attempt “to […]

RIL says tax tribunal satisfied with Biometrix deal

Reliance Industries said it was not aware of any inquiry into the funds received by entities connected with it or its promoters from Singapore-based Biometrix Marketing. It also said, as far as it was aware, that the Income Tax Appellate Tribunal “was satisfied with the source of funds”. The clarifications came after report by the […]

As criminals switch to ‘digital India’, Govt forms committee to tackle phone fraud

The government of India has set up a “Committee on Phone Frauds” to deal rising instances of theft of money using phone calls and one time passwords. India has seen a sharp increase in the number of ‘phishing calls’ made on phones in recent years for several reasons, including new laws that require people to […]

Documentary on misuse of India’s anti-cruelty section 298A goes live on Netflix

Deepika Narayan Bhardwaj, a crusader against the misuse of anti-domestic violence laws in India, said that her documentary ‘Martyrs of Marriage’ is now available on Netflix. Bhardwaj has won tens of thousands of fans and followers in India for her work towards exposing the misuse of the section. The section, incorporated in 1983, promises three […]

No FIR against Tribune reporter over Aadhaar leakage story – Govt

The Ministry of Electronics and Information Technology said no case has been registered against reporter Rachna Khaira or The Tribune newspaper in relation to the January 3 story on how Aadhaar details were available for sale at Rs 500. The report had claimed that ‘agents’ were providing Aadhaar verification solutions for as little as Rs […]

Fortis Healthcare director quits

Fortis Healthcare, which is under the scanner of the Serious Fraud Investigation Office, said one of its independent directors, Joji Gill, stepped down due to ‘personal reasons’. “Ms Joji Sekhon Gill has tendered her resignation from the directorship of the company with effect from March 7 due to personal reasons, primarily attributed to her occupation […]

Jet Airways to challenge CCI penalty in price fixing case

Jet Airways said it will challenge the order of the Competition Commission of India to impose a fine of Rs 39.81 cr  for allegedly colluding with its rivals to fix air fares. In a statement on Wednesday, the Competition Commission said Jet Airways, SpiceJet and IndiGo engaged in “concerted action in fixing and revising Fuel […]

Maharashtra lifts ban on Jubilant LIfe Sciences’ alcohol production

Pharma company Jubilant Life Sciences said the government of Maharashtra has stayed the order passed by state excise commissioner stopping the production of alcohol at one of its plants in the state. On March 3, the commissioner had canceled the company’s licenses for running a distillery at its factory located at Nira, Maharashtra. He had […]

SC orders examination of auditing practices in India

The Supreme Court has directed the government of India to set up a committee to suggest reforms in rules and regulations governing accounting and auditing services companies in India. The three-member committee has been asked to suggest a revamped regulatory mechanism for big auditing firms within two months. The order came in a public interest […]

Fortis Healthcare gets notice from Registrar of Companies

Hospital chain Fortis Healthcare said it received a notice from the Punjab and Chandigarh office of Registrar of Companies asking for information. The company did not clarify what the information was related to, but it is likely that it is related to the corporate affairs ministry’s inquiry into allegations that the promoters siphoned off money […]

IndusInd Bank says only “small, two-digit exposure” to Gitanjali Gems

Private sector lender IndusInd Bank clarified that it does not have any heavy exposure to the ongoing saga of fraud and crime involving unauthorized letters of comfort issued by an employee of Punjab National Bank. “IndusInd Bank has no direct credit exposures to Nirav Modi nor any indirect credit exposures basis the LoUs issued by […]

Gitanjali Gems compliance officer resigns over “absence of disclosure”

Two key personnel of Gitanjali Ltd — its chief compliance officer and its chief financial officer — resigned last week, regulatory filings on Tuesday showed. While Pankhuri Warange, the chief compliance officer and the company secretary, resigned over concerns about “absence of disclosures” from the company, Chief Financial Officer Chandrakant Karkare resigned due to a […]

Allahabad Bank’s exposure to Nirav Modi incident at Rs 2,362 cr

Allahabad Bank said it is exposed to the tune of  $366.87 million to the current incident involving diamond merchant Nirav Modi and the unauthorized Letters of Undertakings he allegedly secured from Punjab National Bank. However, said Allahabad Bank, it is not worried about getting its money back as the loans are guaranteed by PNB. “The […]