Registration norms for insolvency professionals get a makeover

Registration norms for insolvency professionals get a makeover

NEW DELHI, India MARCH 30 The Insolvency and Bankruptcy Board of India (IBBI) has sought to streamline the process and criteria for registration of an insolvency professional (IP), seeking to institutionalise this important pillar of the Insolvency and Bankruptcy Code (IBC). Insolvency resolution professionals determine the life and death of a company in the insolvency […]

India singer Daler Mehndi convicted for smuggling migrants

India singer Daler Mehndi convicted for smuggling migrants

An Indian pop star, Daler Mehndi, has been sentenced to two years in prison for smuggling migrants abroad. Mehndi and six others were accused in 2003 of cheating people of large sums of money by falsely promising to take them to Western countries. The singer was convicted on Friday in the northern state of Punjab. […]

US court grants interim stay on debt collection against Firestar Diamond Nirav Modi

US court grants interim stay on debt collection against Firestar Diamond Nirav Modi

A US court today passed an interim order that prevents creditors from collecting debt from Nirav Modi-owned Firestar Diamond Inc which early this week filed for bankruptcy. Modi, who is being investigated for illegal transfer of over Rs 12,000 crore from Punjab National Bank, has a majority stake in Firestar Diamond and its other sister […]

I-T officials question PNB’s top brass on Nirav Modi scam

I-T officials question PNB’s top brass on Nirav Modi scam

The top brass of the scam-hit Punjab National Bank (PNB) were questioned at the bank’s head office by Income Tax sleuths pursuing the ₹11,400-crore Nirav Modi scam. Senior income tax officials quizzed PNB’s Managing Director Sunil Mehta and the Executive Directors at the bank’s swank new head office at Dwarka on Tuesday, sources close to […]

Narayana Murthy responsible for Vishal Sikka’s resignation:Infy

Narayana Murthy responsible for Vishal Sikka’s resignation:Infy

Vishal Sikka has now been appointed as executive vice-chairman. UB Pravin Rao has been appointed as interim MD and CEO with immediate effect. The IT-giant Infosys on Friday blamed co-founder NR Narayana Murthy for Vishal Sikka’s resignation from the post of Managing Director (MD) and CEO. Vishal Sikka, the first non- founder CEO of Infosys, […]

India’s President Ram Nath Kovind takes oath

India’s President Ram Nath Kovind takes oath

Ram Nath Kovind has been sworn in as president of India, becoming only the second leader from the oppressed Dalit community to be elected head of state. A former lawyer and state governor, Kovind was elected to the largely ceremonial position last week with more than 65 percent of the vote by members of India’s […]

India-Germany plan for a startup-exchange programme

India-Germany plan for a startup-exchange programme

It might soon get easier for Indian startups to get access to investors from Germany, thanks to an agreement that both the Indian and German governments are planning to sign for a startup exchange programme. Nirmala Sitharaman, Minister of State for the Ministry of Commerce & Industry, recently met Germany’s Economic Affairs Minister Brigitte Zypries […]

Complete list of Narendra Modi’s ministers and their portfolios

Rashtrapati Bhavan released communique on list of ministers and their portfolios: The President of India, Pranab Mukherjee as advised by the Prime Minister, Narendra Modi, has directed the allocation of portfolios among the following members of the Union Council of Ministers: According to a press communique released by Rashtrapati Bhavan on Tuesday, the allocation of […]