Khushboo Narayan

Articles By Khushboo Narayan

39 Articles

Damning Charges: CBI FIR against Chanda and Deepak Kochhar, Venugopal Dhoot for cheating

On Thursday, a day after it registered the FIR, the CBI conducted searches at four locations — the Mumbai and Aurangabad offices of Videocon Group and offices of Nupower Renewables and Supreme Energy in Mumbai.

Chanda Kochhar, Chanda Kochhar news, Chanda Kochhar icici bank, cbi Chanda Kochhar News

Benami deal? Big shock for Shah Rukh Khan, his farmhouse attached by Income Tax Department

The income tax (I-T) department has provisionally attached the Alibaug farmhouse of actor Shah Rukh Khan under the new Benami Transactions (Prohibition) Amended Act, 2016, two senior tax officials familiar with the developmen

shahrukh khan benami case, benami property case shahrukh khan, income tax department raid on shahrukhan property News

CBI raids Karti, alleges got P Chidambaram’s ministry to clear FDI for INX Media

FIR says INX hired firm linked to Karti when FIPB asked questions

Enforcement Directorate, PMLA, Karti Chidambaram, INX media, Indrani MukerjeaPeter Mukerjea, P Chidambaram, CBI raids News

50 days of demonetisation: ATMs still hit by acute shortage of notes across India, just 40% machines have cash

Fifty days after Narendra Modi announced the demonetisation policy, an acute shortage of currency persists at ATMs across the country with only 35-40% of the 2.2 lakh machines dispensing cash.

Demonetisation, 50 days report, Narendra Modi, Cash Ban, ATM News

Income Tax sleuths quiz PEs on source of funds, LPs

Six domestic firms that have raised private equity (PE) money in the past few months have been quizzed by the income tax department, which is looking for detailed information...

Liquid funds or savings accounts? Where to park your money for better returns News

P-Notes: An attempt to lift the veil, establish investors’ identity

Some of the money coming into the market through P-notes could be the unaccounted wealth camouflaged under the guise of foreign institutional investor (FII) investment. SIT report said obtaining information on “beneficial o

Markets News

Vijay Mallya’s jet auction: Service tax department buys time to address queries

The luxury airbus was to be auctioned on May 12 to recover part of alleged service tax dues of over Rs 800 crore of defunct Kingfisher Airlines.

Vijay Mallya News

Bankruptcy code: Why it is needed, how will it tackle bad debts

Indian Express explains a significant reform — given the bad-loan crisis in banking, and cases of default such as Mallya’s.

Economy News

Panama Paper leak: Give yearwise details of funds sent overseas by Indians, RBI tells banks

After The Indian Express published the list of names, the Income Tax department sent queries to several individuals as a part of its investigation. Several Indians named in The Panama Papers have claimed that the offshore acc

rbi News

FY16 direct tax mop-up misses target by over Rs 18,000 cr

The all-India direct tax collections for fiscal 2016 have fallen short of the revised tax target of Rs7, 52,021 crore by about Rs 18,000 crore, according to data accessed by The Indian Express.

tax News

Stage set for Vijay Mallya’s deportation as MEA suspends his passport

“Passport of Vijay Mallya suspended by the government of India on request of enforcement directorate,” a tweet by ED’s official Twitter handle said.

Vijay Mallya, Vijay Mallya loan, Vijay Mallya loan default, Vijay Mallya loan default case, cbi, cbi Vijay Mallya, sbi on Vijay Mallya default case News

Wilful defaulters blame clients who haven’t paid, failed IPO plans

The RBI defines wilful default as deliberate non-payment of dues by the borrower despite adequate cash flow and good net worth.

Banking & Finance News

Sebi asks ED to probe complaints against Lodha firm

In an 18-page complaint, these investors have also alleged several financial irregularities at Cowtown Land Development.

Sebi News

Vijay Mallya’s men diverted cash for their own use: ED probe

Kingfisher has come under the scanner of multiple investigative agencies, including the CBI, Special Frauds Investigation Office (SFIO) and service tax department, after it defaulted on loans of over Rs 7,000 crore borrowed f

vijay mallya - IDBI Bank loan fraud case News

Vijay Mallya row: Once upon a time there was a king

Vijay Mallya row: Sometime in 2006, the Mumbai-based IDBI Bank got a proposal from Kingfisher Airlines, seeking funds to acquire aircraft.

Industry News

Kingfisher airlines loan default case: Fraud Office probes 17 firms who took loans to fund Vijay Mallya

IN A new twist to the Kingfisher Airlines loan default case, the Serious Frauds Investigation Office (SFIO) has issued notices to 17 companies that lent money to the now-defunct airline after they themselves borrowed from ban

Kingfisher House- Vijay Mallya News

Volkswagen India faces Rs 600 crore penalty for ‘undervaluing’ cars

The 190-page order, reviewed by The Indian Express, has also upheld the penalty of an equal amount of Rs 323 crore imposed by the excise department — taking the firm’s total liability to over Rs 646 crore.

volkswagen News

CBI probes how banks took Vijay Mallya’s Brand Kingfisher as collateral

THE CBI has raised concerns over the high valuation of the Kingfisher Airlines brand by its lenders and questioned them on why they used it as collateral while extending loans to the Vijay Mallya-promoted company.

Vijay Mallya - Loan default case News

Write-offs a scam, small loans rarely in it, says former RBI Deputy Governor

Banks are planning to write off more bad loans in the current year, and this could be Rs 52,227 crore, similar to the quantum written off in 2014-15.

Reserve Bank of India News

Facts dispute claims by banks: write-off gallops, recovery crawls

In the last three years, public sector banks have written off Rs 1,14,000 crore as reported by The Indian Express on February 8. The Finance Ministry, RBI and SBI sent separate letters to the newspaper arguing that write-offs

Reserve Bank of India News

Net bad assets of govt banks a third of their net worth

In response to an RTI query by The Indian Express, the Reserve Bank of India disclosed that 29 public sector banks wrote off a combined Rs 1.14 lakh crore of bad debt between 2013 and 2015.

rbi News

Taparia family, some actors & lawyers among top taxpayers

Salman Khan’s Bajrangi Bhaijaan was this year’s biggest Bollywood hit earning over Rs 600 crore worldwide.

salman khan News

Century Communications: Firm diverted funds with fake invoices from suppliers owned by the promoters, says Indian Bank caution notice

Even as public sector banks struggle to auction the properties of Century Communication Ltd, a company that has defaulted on loans of over Rs 2,000 crore, an investigation has found that the promoters of the company used fake

funds News

Varun Industries: At the peak of its business in FY11, firm’s net worth was Rs 461.62 cr

One reason why some companies default on their loans is because they are not able to collect their dues from customers to whom they have supplied goods on credit.

Varun Industries, bad loan, Business news, Top Defaulters, Varun Industries loan Defaulter News

Campus jobs: Wary of hype, IIT Bombay screens start-ups

Feedback sought from experts, start-ups asked to provide balance sheets for three years.

iit bombay News

Merger of regulators: From Monday, FMC under Sebi umbrella

The Bombay HC will hear a petition filed by a group of employees of the commodites regulator opposing the merger on Monday as they have been left out of the merged entity.

SEBI News

Start-ups now targeting personal loan space for next boom

While e-commerce boom has been able to attract billions of dollars of investment from global funds and industrialists like Ratan Tata, the next round of action could well be in the personal loan segment.

start ups News