As the lenders tighten the noose around the beleaguered Kingfisher Airlines, the consortium of banks, led by the SBI says Rs 1,000 crore have been recovered by selling the assets of the Vijay Mallya-owned airlines.
The Maharashtra police have been investigating into the illegal assets of former Maharashtra Congress chief Kripashankar Singh and has revealed startling facts, which include a staggering real estate empire. He is reported to own more than 40 flats in Mumbai w...
Gulf country of Qatar has begun shoring up on foreign assets, worth thousands of billions of dollars, which has been welcomed by struggling Arab economies. However, some experts express concerns whether this is good business or expanding their global influence...
Congress president Sonia Gandhi has asked its state leaders to send her a report with details of wealth and property assets of its all its state Congress leaders, including MPs and MLAs. Sources say it is a bid to use this information to keep the recalcitrant ...
The CBI has now fixed its sight on KVP Ramachandra Rao, the once all-powerful advisor, and importantly confidante and friend to the former Chief minister YS Rajasekhara Reddy. KVP has been asked to appear before CBI today in connection with the ongoing investi...
The Supreme Court is set to consider the case concerning the protection and valuation of assets in Sri Padmanabhaswamy temple. The state is set to intimate the apex court about the additional security measures implemented at the temple.
As gold imports refuse to budge, economists and commerce experts believe there should be a policy in place to track investment into the metal. Even today, investors look at gold as an asset class, despite gold import duties being hiked from 4 per cent to 6 per...
Road and Buildings minister Dharmana Prasada Rao, and YSR Congress party chief Jagan Mohan Reddy's former accountant Vijay Sai Reddy, presented themselves before the CBI court in Hyderabad today as part of the hearing into Jagan's disproportionate assets case.
Market regulator Securities and Exchange Board of India has ordered to freeze all assets and bank and demat accounts of Sahara Group chief Subrata Roy and two of Sahara Group companies with immediate effect. SEBI's crackdown on the two firms—Sahara Housing I...
Madhya Pradesh Lokayukta raids the premises of chief conservator of forest Basant Kumar in Bhopal and Ujjain. According to the raiding officers, the chief conservator has disproportionate assets worth Rs 40 crore, including properties in Uttar Pradesh, as well...
Thursday was a busy day at the Nampally criminal courts. The special CBI court gave orders relating to the extension of remand of the accused and also took on record the presence of minister Dharmana Prasad Rao who was asked to appear before the court in the J...
There seems to be no respite to Jagan Mohan Reddy's plight as his bail application has been rejected by the Andhra Pradesh High Court in the alleged disproportionate assets case. The CBI had filed an affidavit in court saying there has been a delay in the inve...
Jagan Mohan Reddy's application for bail has been rejected by the Andhra Pradesh High Court, once again. The High Court has asked the CBI to file a consolidated chargesheet in the case, and said Jagan could once again approach the CBI special court that is hea...
The hearing in the Andhra Pradesh High Court on the bail petition of YS Jagan Mohan Reddy has been completed, but the court postponed its decision till tomorrow. His lawyers pleaded before the court that a conspiracy has been hatched against Jagan so as to ens...
A CBI court in Hyderabad has rejected the memos filed by Dharmana Prasad Rao and Mopidevi Venkata Ramana. Now, the lawyers can argue directly in the Court.
The lower House of Russian Parliament has passed a bill that bans the adoption of Russian children by Americans. The bill is part of a larger plan to prevent human rights violation by Russians abroad. Pavel Astakhov, Russian ombudsman for child rights, said th...
Russia's Duma, the Lower House of Parliament, has given its preliminary approval to a ban on Americans adopting Russian children. This was part of a draft law seen as a response to US President Barack Obama's 'Magnitsky Act', which requires the US administrati...
Former CBI director US Mishra has made a startling revelation that political pressure on CBI is routine when probing into high profile cases. He has also claimed that he faced political pressure when probing into the disproportionate assets case against BSP ch...
Former director of CBI, US Mishra has revealed that political influence is regular occurrance in cases of high-profile investigation. Mishra said he faced pressure from the government while investigating Mayawati in the disproportionate assets case. He said th...
The Supreme Court has ordered the CBI to conduct an investigation against Samajwadi Party leaders Mulayam Singh Yadav and Akhilesh Yadav in the disproportionate assets case. Mulayam's other son Prateek Singh Yadav would also be investigated in the matter but h...
Despite no relief from the Supreme Court in disproportionate assets case investigation, Mulayam Singh Yadav has welcomed the order saying the apex court has always sided with justice. Meanwhile, the counsel for Mulayam and sons has said this is a politically m...
Supreme Court denies relief to Mulayalam Singh Yadav and his son Akhilesh in the disproportionate assets case as the apex court refuses to quash the cases against the two. The CBI investigation into alleged corruption by the Samajwadi party chief and his sons ...
The Supreme Court has ordered the CBI to conduct an investigation against Samajwadi Party leaders Mulayam and Akhilesh Yadav in the disproportionate assets case. Mulayam's other son Prateek Singh Yadav would also be investigated in the matter.
Former Chief Minister of Gujarat Keshubai Patel addresses the media after casting his vote in Rajkot. The Saurashtra region in Gujarat has been pitched as the deciding factor that could seals Narendra Modi's fate. The Patel vote-bank is expected to dent Modi's...
The Saurashtra region in Gujarat has been pitched as the deciding factor that could seals Narendra Modi's fate. Former Chief Minister Keshubai Patel casts his vote in Rajkot. The Patel vote-bank is expected to dent Modi's chances of returning to power.
Tamil Nadu CM Jayalalithaa's close aide Sasikala appears in a special Bangalore Court in connection with the disproportionate assets case. Special Judge MS Balakrishna however adjourned the case to December 19. Jayalalithaa and four others have been charged wi...
YSR Congress party president Jagan Mohan Reddy was taken to the CBI court at Gagan Mahal from the Chanchalguda jail. The CBI demanded an extension of his remand, and the Court extended it till December 19. The High Court had rejected his bail petition earlier....
Former minister Mopidevi Venkata Ramana's bail plea was rejected by the High Court today. This is the third time that his bail has been rejected by the High Court. Mopidevi was arrested by the CBI for his role on VANPIC land allotment scam.
The AP Opposition has questioned the clean chit given to Andhra Pradesh Minister Dharmana Prasada Rao in connection with the Jaganmohan Reddy illegal assets case, by the AP government.
Market Hour speaks to IOC's PK Goel on whether there will be further price cuts in petrol. US Treasury Secretary Timothy Gethner who is in India for a two-day visit will meet Finance Minister P Chidambaram and hopes to improve trade relations between the two c...
The Supreme Court has issued a notice to the Centre, former Chief Minister of Haryana Mayawati and the CBI in the disproportionate assets case. The notice is on the order which gave a clean chit to Mayawati in the DA case. Earlier today, the Court was hearing ...
The Supreme court today, made it clear that the CBI has not been prohibited from probing the disproportionate assets case against the BSP supremo Mayawati. The Court also issued a notice to the Centre, CBI and Mayawati on a plea to review its verdict that quas...
Minister Dharmana Prasada Rao files a petition in the CBI court seeking abstention from the court proceedings in the Jagan Mohan Reddy disproportionate assets case. Dharmana's petition mentions that he is recently bereaved as his mother had died.
Businessman Nimmagga Prasad will continue to remain in jail, for some more time. On Monday the High Court dismissed his bail petition. The CBI special court has already denied him bail, twice. Nimmagadda is the main promoter of VANPIC ports, whose name has b...
The Supreme Court has dismissed the bail petition filed by Jagan Mohan Reddy. The CBI's counsel Mohan Parasaran argued that since it was prominent political personalty who was an accused in the disproportionate assets case, there was fears of evidence being ta...
Finally the ED has come out with details of how Jagan Mohan Reddy's wealth grew in such a dramatic manner during the years when his father was the chief minister. This release from the ED, was based on the CBI case, and covers cases under the money laundering ...
It is a shock to jagan Mohan Reddy who was expecting to be release from jail on bail. But suddenly, in the Jagan Mohan Reddy disproportionate assets case, the Enforcement Directorate announced attachment of Rs 51 crore worth of properties related to the case. ...
In this episode of Global Insights, Punita Kumar Sinha brings in Ric Deverell from Credit Suisse and Peter Fisher from BlackRock to discuss the commodities, currencies and fixed income markets. Gold and oil make up for nearly half of India's imports and there ...
The Anti-Corruption Bureau has registered a disproportionate assets case against Yalamanchili Congress MLA Uppalapati Venkata Ramanamurthy Raju of Visakhapatnam. The case was registered after a plea filed by a local leader.
George Cherian speaks to a panel of eminent bankers at the Banking Colloquium 2012, a vision sharing conference. The focus is on Indian Banks: Survival and Growth in Uncertain Times, which covers issues like asset quality and attracting the right talent.
The Supreme Court today postponed the hearing in the bail application filed by Jagan Mohan Reddy, in the disproportionate assets case, to September 28. The CBI had filed a petition opposing the bail.
Punita Kumar Sinha speaks to Frontier Market Asset Management's Lawrence Speidell and HSBC Frontier Market Funds' Andrew Brudenell to understand what frontier markets are, what differentiates them from the smaller emerging markets and why they prefer investing...
In this edition of Brand Equity, the focus is on the FMCG and Retail sectors in India, which are taking tentative steps into the home meal replacement category, which is a multi-billion dollar market. So far the penetration has been restricted to the breakfast...
In this edition of Global Insights, Punita Kumar Sinha explores the BRIC nations that are said to be the fastest growing economies. At present, BRIC accounts for 40 percent of the global population and around a quarter of the world's GDP. A Goldman Sachs repo...
He has become used to a easy lifestyle. To fund this, he toll a loan of Rs 10 crore loan from the SBI based on fake documents that showed a property in his name worth Rs 5 crore. When he failed to pay up, the bank lodged a complaint with the CBI.
With the current volatile political atmosphere, protecting assets is important and Investor's Guide gives a few possible insurances like the shopkeeper's insurance to protect your property in case of any eventuality. In the product review segment, Dhirendra K...
Aditya Puri, MD, HDFC Bank speaks about the Indian economy. He says the concerns on India are correct but it is also being overdone, and cannot be considered as a crisis. The HDFC portfolio is healthy and the banks have sufficient profits to handle the NPAs.
CEO of Reliance Infrastructure, Lalit Jalan, claims that this has been a very encouraging quarter for Reliance Infrastructure. The total operating income has been at 5,383 crores, which is a growth of four per cent. He announces the net profit at 412 crores, w...
Jagan Mohan Reddy's arrest was held as legal by the Supreme Court. But on his other petition alleging denial of bail, the SC issued a notice to the CBI asking it to reply on Jagan's plea that he will cooperate with the investigation, and won't tamper with any ...
Meet Your Fund Manager's Tanvir Gill speaks to Amitabh Mohanty, Head-Fixed Income, Reliance Capital Asset Management, who specialises in investing in debt and oversees assets worth Rs 51,000 crore. He gives a brief overview of the various schemes at Reliance....
Market Makers' Nikunj Dalmia interviews LIC's new chairman DK Mehrotra on his new role, reasons for the shrinking insurance sector in India, LIC's vision for the next few years and more.
The CBI has announced that it will not file a review petition into the disproportionate assets case lodged against former Uttar Pradesh Chief Minister, Mayawati. The Supreme Court had given Mayawati a huge relief by quashing the case against her, citing insuff...
The TDP was closely watching the Supreme Court hearing on the petition filed by YS Vijayamma seeking an inquiry into the Chandrababu Naidu's disproportionate assets. And they were happy when the SC dismissed the petition. Earlier Vijayamma has filed a similar ...
Please order an investigation into Chandrbabu Naidu's assets, just as the inquiry being conducted into assets of my son, demand YS Vijayamma. Her lawyers argue in the Supreme Court for the same sort of inquiry into Chandrababu Naidu's assets as being conducted...
The CBI court has rejected the additional chargesheet to the first chargesheet filed by the CBI in the Jagan Mohan Reddy disproportionate assets case. The CBI court faulted the CBI on adding the names of company officials in place of the company as an entity.
News Night | Supreme Court quashes the CBI report on the Mayawati Disporportionate Assets case. Besides giving Mayawati a clean chit, the judgement causes political bickering amongst leaders.
UP Chief Minister is let off the hook in the disproportionate assets case, as the Supreme Court exonerates her and quashes the CBI's FIR in the case. Political leaders from different quarters slam the CBI for stooping to the level of a political tool. The Supr...
Reacting to the reports of two properties on sale, a Kingfisher spokesperson clarifies that it was the company that approached a bank consortium seeking payment of full value against their assets in Goa and Mumbai rather than the other way around. The clarific...
Former Uttar Pradesh Chief Minister Mayawati speaks to the people for the first time after the Supreme Court passes its verdict exonerating her in the disproportionate assets case. Claiming the verdict to be a massive win for the BSP, Mayawati says that the qu...
In a major relief to BSP supremo Mayawati, the Supreme Court quashes a nine-year-long disproportionate assets case against her and pulls up the CBI for initiating the probe against her without specific directions from the court. The apex court says that the me...
Massive relief for Mayawati in the disproportionate assets case, as the Supreme Court exonerates her and quashes the CBI's FIR in the case. Sharp political reactions pour in, as leaders from different quarters slam the CBI for being used as a political tool. A...
Quashing the criminal proceedings against former UP Chief Minister Mayawati, the Supreme Court exonerates the BSP Chief in the disproportionate assets case. The verdict is also seen as a big blow to the CBI. The apex court slammed the CBI probe calling it unju...
In an eight-year old case, the Supreme Court quashes disproportionate assets case against BSP supremo Mayawati. It is a huge relief Mayawati. The Supreme Court order says there is no material evidence against Mayawati. The SC also raps the CBI. Maya had got re...
In a major relief to BSP supremo Mayawati, the Supreme Court quashed a nine-year-long disproportionate assets case against her, saying, "There is no finding and no material report pertaining to DA case against Mayawati". SC pulled up the CBI for initiating the...
The Supreme Court has quashed the CBI's FIR against Mayawati in the disproportionate assets case. This is a big relief for Mayawati. Why are you investigating the assets case when all we asked was to find any irregularity in the Taj Corridor project, asks the ...
The Supreme Court is to deliver its verdict on BSP supremo Mayawati's plea, challenging the CBI probe in an alleged disproportionate assets (DA) case against her. Mayawati had filed a petition in May 2008 seeking quashing of the criminal proceedings against he...
The Supreme Court is expected to deliver its verdict in the disproportionate assets case against the former Uttar Pradesh Chief Minister Mayawati. In 2008, the Bahujan Samaj Party chief had filed a petition, seeking quashing of the criminal proceedings against...
The High Court has dismissed Jagan Mohan Reddy's bail plea. Jagan had deployed a team of top lawyers from Delhi to fight this petition. And it is rare that bail pleas are dismissed. What were CBI's arguments against Jagan's bail?
The honorary President of the YSR Congress Party, YS Vijayamma, has sought an appointment with the Prime Minister. Jagan Mohan Reddy's mother is likely to discuss the alleged injustice meted out to her son in the disproportionate assets case. She is also likel...
Officers of the Enforcement Directorate made their way to the Chanchalguda jail to interrogate accused in the Jagan Mohan Reddy disproportionate assets case. Most of the accused in this case have already been arrested by the CBI. The ED will interrogate the ac...
Jagan Reddy to remain in Chanchalaguda jail till July 4, according to the latest CBI Special Court verdict. Taking the safety plea into consideration, Jagan Reddy was produced before court through video conference. However, the court did not provide reprieve t...
It is a hectic morning at the CBI and ACB courts. And the end result was that CBI court extended the judicial remand of Jagan Mohan Reddy and BP Acharya to July 4, others accused in the disproportionate assets were presented before the court, and accused in Ga...
Making the most of his landslide victory in the Andhra bypolls, YSR Congress chief Jagan Mohan Reddy is attempting to woo farmers in the state from jail. Still under the scanner for amassing wealth disproportionate to his known sources of income, Jagan Mohan R...
Peter Elston, Head of Asia Pacific Strategy & Asset Allocation, Aberdeen Asset Management Asia, says that India certainly faces serious challenges in the short and medium term, however he is positive that the Indian economy will thrive.
Jagan Mohan Reddy has a second shot at getting bail. His lawyers have filed a petition for bail in the High Court, that the court has posted on June 27. Jagan asked for bail on the grounds of his being an MP and the head of a political party, and also that his...
The Enforcement Directorate would hold a 'special' three-day interrogation session at the Chanchalguda jail from June 24th. The ED and CBI are following the same cases- Jagan disproportionate assets case, the OMC mining case, and the Emaar case. The CBI has ar...
The Enforcement Directorate will now interrogate Jagan Mohan Reddy. They served notice to Jagan Mohan Reddy at the Chanchalguda jail where is a special class prisoner. But after Jagan's counsel refused to accept the notice, ED officials took permission and ser...
Jagan Mohan Reddy's auditor and accused no 2 in his disproportionate assets case, Vijay Sai Reddy, visits Tirumala. Vijay Sai says he prayed for Jagan and himself emerging out unscathed from the cases at the earliest and said the courts have considered narco...
N Srinivasan, BCCI chief and also MD of India Cements, appears before CBI at its Dilkusha guesthouse office in Hyderabad. Srinivasan was issued notices to appear before the CBI last week. His company India Cements, an investor in Jagan Mohan Reddy's companies,...
It was never an easy ride for YSR Congress chief Jaganmohan Reddy. Nonetheless, his spirit and those of his supporters never died down despite the charges against him and the CBI probe. He has managed to orchestrate a thumping victory for his party by winning ...
Centrestage | YSR Congress Chief Jagan Mohan Reddy's wife, Bharathi Reddy, takes the hot seat and gives credence to the landslide victory in Andhra Pradesh. Claiming that the victory is more than a sympathy wave, she says that the people of Andhra Pradesh have...
Backed by a clear anti-incumbency vote and riding a sympathy wave for his extended judicial custody, Jagan Mohan Reddy led-YSR Congress swept the quintessential Andhra Pradesh bypolls, winning 15 of the 17 seats up for grabs. Even as his partymen celebrate, Ja...
Will this be yet another clean sweep for the YSR Congress. Despite the controversial lead up to the by polls and Jagan Mohan Reddy's arrest the counting until now and exit poll predictions say Jagan will walk away victorious.
Exit polls predict that the YSR Congress led by Jagan Mohan Reddy will rout its rivals in the byelections to one Lok Sabha and 18 Assembly seats in Andhra Pradesh. Jagan is in Chanchalguda prison following his arrest in a disproportionate assets case.
Will this be yet another clean sweep for the YSR Congress. Despite the controversies that lead up to the bypolls and Jagan Mohan Reddy's arrest, the exit poll predictions say Jagan will walk away victorious.
Following an emotionally charged by-poll campaign in Andhra Pradesh, the state is set for the announcement of results today. The polls are set to seal the deal for YSR Congress chief Jaganmohan Reddy, who was arrested in the disporportionate assets case prior ...
First there was the controversy over the circumstance of Jai Baba Gurudev's death and his cremation. This was followed dispute over who is the real heir to the ashram and its Rs 12,000 cr property- Pankaj Yadav or Umakant Tiwari. This lead to police imposing s...
A CBI court has extended YSR Congress chief Jagan Mohan Reddy's judicial custody to June 25. The CBI had requested an extension to the custody for further questioning into the illegal assets case. Jagan was arrested on May 27 for amassing assets disproportiona...
The CBI has failed to crack Jagan Mohan Reddy during the seven days of his interrogation in their custody. Jagan has failed to satisfactorily answer the CBI's questions relating to investments made into his companies from abroad. Therefore the CBI is thinking ...
Jagan Mohan Reddy is taken by the CBI to their office at Kothi after the High Court grants two more days of custody. The CBI has already exhausted the five-day custody of the Kadapa MP.
MD and Chairman of India Cements Limited and BCCI, N Srinivasan, summoned in Jagan Mohan Reddy's disproportionate assets case, strikes a confident pose after the questioning, says he has done nothing wrong. CBI has charged India Cements with receiving huge wat...
CBI will grill BCCI chief N Srinivasan in his capacity as Managing Director of India Cements Limited. Srinivasan is under the scanner for granting money to the YSR regime. His cement company reportedly invested Rs 200 crore into Jagan Reddy's firms in exchange...
BJP reacts strongly to news of the CBI summons issued against BCCI Chief N Srinivasan. Member of Parliament Kirti Azad says that the nexus between cricket administrators and MPs is not new. Without taking any names, Kirti Azad goes on to say that there are a l...