Hyderabad: The Enforcement Directorate (ED) investigating Chinese rogue loan apps cases and their money laundering activities has opposed the bail petition of Pavitra Pradip Walvekar, the Pune-based promoter director of Kudos finance and investments company. ED had arrested Pradip on charges of assisting the Chinese money launderers providing shortterm loans while charging exorbitant interest and using coercive methods of recovery.
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Rohtak girl joins as Army's 1st woman combat aviator
Nashik: Captain Abhilasha Barak (26) from Rohtak in Haryana on Wednesday became the first woman combat aviator of the Indian Army.
Patidar the hero as RCB oust LSG
Batter’s Unbeaten Ton Highlight Of Win In Eliminator
New ED case against Karti, PC may face CBI probe
The ED has registered a money laundering case against Congress MP Karti Chidambaram and others in an alleged scam relating to the issuance of visas to over 260 Chinese nationals in 2011 when his father P Chidambaram was the Union home minister.
Fuel: Truth About High-Tax States
Why Maharashtra, MP, Bihar, Andhra Pradesh, Telangana, Kerala, Bengal can & must cut duties
Man tries to smuggle knife into court, held
Alert security personnel at Ranga Reddy district court complex in LB Nagar arrested a graphics designer when he tried to sneak a knife into the court complex on Wednesday.
Cop, Jaish trio from Pak killed in J&K encounter
Security personnel take positions during an encounter in which three Pakistani terrorists were neutralised in Baramulla
The thought of marriage makes me nervous at this point: Shruti
I UNDERSTAND THAT MUMBAI FEELS LIKE THE CENTRE OF THE UNIVERSE TO SO MANY PEOPLE, BUT IT ISN’T THE CENTRE OF SOME PEOPLE’S UNIVERSE. I FEEL NOBODY SHOULD FEEL APOLOGETIC ABOUT WHERE THEY CHOOSE TO SPEND MOST OF THEIR TIME WORKING
'People not ready for digital avatars'
With digital avatars increasingly ching human-like resemblance, researchers at the International Institute of Information Technology, Hyderabad (IIITH), said the world is not yet ready to accept them as friends or colleagues.
BJP slows turncoats' entry as demands hit poll plans
Party's Internal Squabbles Add To Its Woes
Munnabhai MBBS smoked out of Nepal den
A fraudster who has been conning students by promising MBBS seats, was arrested by Hyderabad Cyber Crime sleuths on Wednesday.
RBI cancels licences of 5 NBFCs over irregularities
THE RESERVE BANK of India (RBI) on Wednesday cancelled the certificates of registration (CoRs) of five non-banking financial companies (NBFCs) who had been offering their services through app-based platforms. The regulator cited irregular lending practices of the companies as the reason for its action.
NBFCs may be misreading RBI's credit card circular
With RBI saying that NBFCs can offer credit cards with prior approval, many these non-bank players are interpreting it as approval for their current offerings. Some have issued press statements talking about how this opens up the credit cards space for exponential growth.
Bajaj Finance consolidated net jumps 80% to Rs 2,420 cr
Net interest income in the January-March quarter rose 30 per cent to Rs 6,068 crore
NBFCs can’t issue credit cards without nod: RBI
NBFCs cannot undertake the business of credit cards or their issuance without prior approval of the Reserve Bank of India (RBI), the regulator said on Thursday.
बुनियादी ढांचा कंपनियां अपनी गैर-बैंकिंग वित्तीय इकाई बनाएं : गडकरी
नितिन गडकरी ने जोर देकर कहा कि भारत का सड़क ढांचा 2024 तक संयुक्त राज्य अमेरिका के बराबर होगा
RBI lays down set of norms to align NBFCs with banks
In a slew of regulatory frameworks, the Reserve Bank of India (RBI) on Tuesday laid down a set of rules for non-bank financiers on large exposures and lending to directors and sought additional disclosures in their notes to accounts.
New procedures for mid, large NBFCs
THE RESERVE BANK of India (RBI) on Monday introduced certain principles, standards and procedures for mid and large non-banking financial companies.
Godrej sets up fin services arm
Godrej Industries has set up a financial services subsidiary company, Godrej Capital (GCL), which will be the holding entity of Godrej Housing Finance and Godrej Finance, an NBFC.
Godrej set to enter non-bank lending
The 124-year-old Godrej group is set to enter the lending business with its unit Godrej Finance Ltd, a person aware of the matter said. The $4.1 billion conglomerate is expected to make an official announcement in this respect on Monday, the person said on condition of anonymity.
Cost of funds, product coverage led to merger
The proposed transaction will reduce the Bank’s exposure to unsecured loans