ARUN K SAHA
Rare move by govt: IL&FS, two subsidiaries ordered to recoup Rs 150 crore from ex-directors after accounts farce
This comes after IL&FS and the two arms in question had to recently reissue their account statements to show losses of Rs 9,600 crore for financial years 2013 to 2018, instead of a profit of Rs 1,869 crore originally shown. The original account had to be superseded following the unearthing of massive irregularities.
Bombay High Court grants bail to IFIN chief executive Ramesh Bawa
While the Serious Fraud Investigation Office (SFIO) is probing Il&FS for alleged irregularities under Companies Law, the Enforcement Directorate (ED) is investigating a case of money laundering. K Ramanand, the erstwhile MD of ITNL and Arun Saha, former joint director of IFIN, were arrested by ED.
Gayle, AB de Villiers for English, Ravi Kishan for Bhojpuri: JioCinema's star-studded commentary panel for IPL 2024
JioCinema's expert panel for IPL 2024 includes cricket legends like Virender Sehwag, Shane Watson, and Mike Hesson, providing fans with insights and commentary in 12 languages.
BJP's first list of candidates for 2024 Lok Sabha Polls out; PM Modi to contest from Varanasi. Check full list here
The Bharatiya Janata Party (BJP) has released its initial list of candidates for the 2024 Lok Sabha election, featuring over 195 names. Notable figures include Prime Minister Narendra Modi, 34 Union Ministers and Minister of States, Lok Sabha Speaker Om Birla, and two former Chief Ministers. The list includes 28 women, 27 SC, 57 OBC candidates, and 47 candidates below 50 years of age.
Swiss-Indian Chamber of Commerce launches East Chapter in Kolkata, paves the way for Indo-Swiss collaboration and economic growth
The event was attended by Ambassador of Switzerland to India & Bhutan Ralf Heckner, Swiss-India Chamber of Commerce India President Satish Rao, Honorary Consul Umesh Chowdhary and Head of Swiss Business Hub India Florin M¨¹ller and Rajeev Singh, Director General of Indian Chamber of Commerce among others.
IL&FS money laundering case: Bail denied to 2 former officials
Former joint MD of the company, Arun K Saha, and MD of transportation network, K Ramchand had sought bail on the ground that ED had missed the deadline to file the charge sheet.
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BSR & Associates resigns as auditor of IL&FS Financial Services
Sebi has been conducting an in-depth investigation into the role of several entities and individuals, including for suspected violation of disclosure and corporate governance norms.
Two ex-IL&FS executives sent to ED custody till June 25
IL&FS former joint managing director Arun K Saha and its transportation network MD K Ramchand were remanded in ED's custody by a special PMLA court till June 25.
ED arrests two former IL&FS executives in PMLA probe
The ED had registered a case under the Prevention of Money Laundering Act (PMLA) against 19 entities.
What ex-IL&FS top brass got for loans? Foreign trips, private jets and chopper rides
The SFIO probe reveals several cases where the bosses got benefits from borrowers in return for faster loans.
IL&FS case: SFIO recommends action against auditors, action for recovery of losses
SFIO has also recommended a necessary action as per the Companies Act by the current management of IL&FS Financial Services (IFIN) for recovery of the losses.
Top management, auditors and independent directors: SFIO identifies 'coterie' that defrauded IL&FS
This is just a tip of the iceberg and total defaults have an estimated amount of over Rs 90,000 crore.
IL&FS employee welfare trust under ED lens
The ED is investigating the IL&FS Employee Welfare Trust over possible irregularities.
NCLT caps withdrawal limit from banks for former ILFS directors
In December, the National Compact Law Appellate Tribunal had said that a sum of Rs 2 lakh per month can be withdrawn from bank accounts after intimating the tribunal.
NCLT allows ex-brass of IL&FS to withdraw Rs 2 lakh per month
On January 16, these former directors had approached NCLT seeking clarification on its earlier order that restrained them from disposing of or creating any third-party rights on their properties.
SFIO smells a rat in Rs 400-crore IL&FS loan to staff trust
SFIO has said IL&FS extended loans of over Rs 400cr to the employee trust, knowing they won't be repaid.
NCLT asks former directors of IL&FS to disclose assets
The govt has already filed a plea seeking attachment of properties of top executives of the company.
Some ousted IL&FS board members blame LIC inaction
At least four directors ET spoke with blamed the life insurer.
Here are 15 members of IL&FS board that were sacked by govt
The board was replaced with a new six-member panel headed by Uday Kotak.
Buy IL&FS Transportation Networks, target Rs 50: Manas Jaiswal
Buy IL&FS Transportation Networks Ltd. at a price target of Rs 50 and a stoploss at Rs 39 from entry point.
To win India's wars with Indian solutions, need collaboration between user, industry, academia: Lt Gen Subrata Saha
Lt Gen Saha spoke on a range of issues such as his concept of ¡®winning India¡¯s wars with Indian solutions¡¯, the latest Strategic Partnership model and modernisation initiatives of the army.
Buy IL&FS Transportation Networks target Rs 108: Nirmal Bang Securities
Buy IL&FS Transportation Networks at a price target of Rs 108 and a stoploss at Rs 94 from entry point.
Buy IL&FS Transportation Networks Ltd. target Rs 118: Prabhudas Lilladher
Buy IL&FS Transportation Networks Ltd. at a price target of Rs 118 and a stoploss at Rs 95 from entry point
Buy Biocon Ltd. target Rs 1234.0 : Rakesh Bansal
Buy Biocon Ltd. at a price target of Rs 1234.0 and a stoploss at Rs 1107.0 from entry point
Is the Ramalinga Raju story far from over?
If market insiders are to be believed, the Rajus, despite the legal tangles, are still actively involved in the property business, albeit discreetly.
J&K Polls 2014: Youths killing in Badgam could bring AFSPA back to campaign plank
Police had already rounded up senior separatist leaders and restricted some of them to their homes to halt their anti-poll campaign.
Fatigue during flight operations challenge for aviation sector
Human fatigue among pilots and air hostesses has become a major challenge for the aviation sector as it results in their performance going below required levels.
NCC, IL&FS to exit Himachal Pradesh hydro project
NCC and IL&FS Engineering have decided to completely exit from the hydro electric project they are jointly building on the River Sorang.
Maytas gets nod to induct Saudi co as partner
Maytas Infra on Monday said it has received all regulatory approvals for inducting the Saudi Arabia-based diversified group the Saudi Bin Laden Group as its partner.
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