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Abhirup Roy

Investors fret as SEBI bars brokerage Karvy over alleged misuse of client funds

Nov 26 2019

MUMBAI A ban by India's market regulator on Karvy Stock Broking from taking on new clients and executing trades for allegedly misusing client securities has unnerved the country's retail investors.

Investors fret as India bars brokerage Karvy over alleged misuse of client funds

Nov 26 2019

MUMBAI, Nov 26 A ban by India's market regulator on Karvy Stock Broking from taking on new clients and executing trades for allegedly misusing client securities has unnerved the country's retail investors.

Indian tax officials find Modi's targets too taxing, some quit

Nov 15 2019

MUMBAI/KOLKATA India's tax officials are facing a taxing issue.

India set to file fresh charges in $2 billion PNB bank fraud case: source

Nov 14 2019

MUMBAI India's federal police will soon file fresh charges in the $2 billion Punjab National Bank (PNB) fraud case and detail how the alleged wrongdoing was carried out, according to a source with direct knowledge of the matter.

India set to file fresh charges in $2 bln PNB bank fraud case -source

Nov 14 2019

MUMBAI, Nov 14 India's federal police will soon file fresh charges in the $2 billion Punjab National Bank (PNB) fraud case and detail how the alleged wrongdoing was carried out, according to a source with direct knowledge of the matter.

Indian court jails former MD of PMC Bank as fraud probe deepens

Oct 17 2019

MUMBAI An Indian court on Thursday sent the former managing director of Punjab and Maharashtra Co-operative (PMC) Bank, Joy Thomas, to jail as a probe into an alleged 43.55 billion rupees ($610 million) fraud intensifies.

India's tax unions irked by Modi's switch to faceless assessment: letter

Oct 15 2019

MUMBAI Indian tax officials are pushing back against Prime Minister Narendra Modi's new faceless tax assessment program, complaining about a lack of consultation and inadequate resources to implement the changes, a letter reviewed by Reuters shows.

Shadow lender DHFL's resolution plan hits roadblock

Sep 17 2019

MUMBAI A plan to rescue India's debt-laden Dewan Housing Finance Corporation Ltd (DHFL) has hit a major roadblock as only a small segment of bondholders has agreed to be on board the proposed resolution, according to a custodian of DHFL bonds.

Indian shadow lender DHFL's resolution plan hits roadblock

Sep 17 2019

MUMBAI, Sept 17 A plan to rescue India's debt-laden Dewan Housing Finance Corporation Ltd (DHFL) has hit a major roadblock as only a small segment of bondholders has agreed to be on board the proposed resolution, according to a custodian of DHFL bonds.

India loses contact with spacecraft on mission to the moon

Sep 07 2019

BENGALURU/MUMBAI India lost contact with a spacecraft it was trying to land on the moon on Saturday, its space agency said, in a setback for the nation's ambitious plans to become the first country to probe the unexplored lunar south pole. | Video

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