SEBI Chairman UK Sinha said, "If you look at SEBI act section 11 AA, it has several exemptions - chit funds, cooperatives, Nidhi are exempted. ...
10:09 AM, May 21, 2013
New Delhi: Justice Kalyan Jyoti Sengupta was on Monday elevated as the Chief Justice of the Andhra Pradesh High Court. He was currently a judge in the Uttarakhand High Court. Justice Sengupta (60) was appointed as a permanent judge of the Calcutta High Court in July 1997 and assumed charge as the acting Chief Justice in October 2012. He was transferred to the Uttarakhand High Court at Nainital in October...
12:17 AM, May 21, 2013
Kolkata: Saradha Group director and close associate of Sudipta Sen, Debjani Mukherjee was on Monday remanded in judicial custody till May 31 by the Bidhanagar court. Mukherjee, who failed to present herself before the Bidhanagar Court a few days back due to ill health, was produced before the Additional Chief Judicial Magistrate (Bidhannagar), who remanded her to judicial custody till May 31. Yesterday Sudipta Sen, chairman and managing director of...
11:03 PM, May 20, 2013
New Delhi: Mumbai Indians skipper Rohit Sharma and Chennai Super Kings coach Stephen Fleming want their respective sides to focus on playing good cricket and not get distracted by the spot-fixing scandal that has rocked the IPL ahead of the first qualifier here Tuesday. "We don't want to think too much about it. Everybody here is a professional cricketer and we have got more important job at hand than to...
09:07 PM, May 20, 2013
Jammu: Attributing bird hits as one of the major causes of aircraft mishaps, the Indian Air Force (IAF) on Monday asked people not to throw waste in open, which attracts the avian population. "Birds strike is one of the major causes of aircraft accidents. People should not throw waste in open and keep their surroundings clean, so that the birds are not attracted," Wing Commander Amit Singh Gaharwar said at...
06:45 PM, May 20, 2013
Kolkata: After two years of rule, Chief Minister Mamata Banerjee appears to have squandered the overwhelming mandate voters gave her, but as West Bengal gears up for panchayat polls, it seems that the TMC has the advantage as the Left is yet to regroup. Rattled by the Saradha meltdown and a spate of suicides, Trinamool faces the uphill task of addressing cries of lakhs of anguished investors and agents. With...
07:59 AM, May 20, 2013
Bhubaneswar: Alleging rampant corruption and plundering of BPL rice, minerals and from gullibles through chitfund during BJD rule in Odisha, Congress on Sunday claimed it would capture power in the next polls by dumping the Naveen Patnaik government in Bay of Bengal. Addressing a function to accord a reception to the new OPCC President Jayadeb Jenan, senior party leaders including Union Minister Srikant Jena slammed the BJD government of failing...
03:10 AM, May 20, 2013
New Delhi: Aam Aadmi Party (AAP) workers on Sunday protested outside residences of Delhi Chief Minister Sheila Dikshit and local MLAs on the issues of rising prices of power and water, and women's safety in the national capital. While demonstrating outside the Chief Minister's residence, some workers were detained and sent to Tuglak Road Police Station, a statement released by Aam Aadmi Party said. AAP workers claimed that a number...
09:34 PM, May 19, 2013
Washington: A top White House adviser insisted President Barack Obama learned that the federal tax collection agency had targeted conservative groups only "when it came out in the news" while Republicans continued to press the administration for answers on Sunday. The Obama administration has also been forced on the defensive over its handling of last September's terrorist attack in Benghazi, Libya, that killed the US ambassador and three other Americans,...
09:20 PM, May 19, 2013
New Delhi: BJP youth wing workers led by party's Delhi unit president Vijay Goel on Sunday courted arrest while protesting at the residence of Haryana Chief Minister Bhupinder Singh Hooda demanding release of Delhi's share of water allegedly held back by the state. Goel and scores of activists of Bharatiya Janata Yuva Morcha (BJYM), including Delhi BJYM chief Gauarav Khari, were taken to Parliament Street police station and were later...
06:53 PM, May 19, 2013
Mumbai: Bollywood actress Deepika Padukone, who topped the list of Times 50 Most Desirable Women of 2012, says she is not good at fielding compliments and adds that beauty and physical attributes are 'artificial'. "It is a bit embarrassing. I mean, I don't know how to take compliments! I don't know how to react! It must be a good thing only," said the 27-year-old in an interview. Part of hit...
05:54 PM, May 19, 2013
Washington: As online titans compete to deliver instant maps to smartphones, the Library of Congress in Washington is focusing attention on an antique "cosmology" printed in 1507 that serves as America's birth certificate. The black-and-white map created by Martin Waldseemuller, a French cleric, was the first time the name America had appeared on any map. Waldseemuller was prescient enough to show the Rocky Mountains and the Pacific Ocean at a...
11:37 AM, May 19, 2013
Kolkata: In the backdrop of the chit fund scam, the State Bank of India on Saturday said Reserve Bank of India or Securities and Exchange Board of India should take up major campaigns to create awareness among investors being lured to ponzi schemes. "RBI...or SEBI should begin a major campaign in line with Jago Grahak Jago, woolmark or hallmark (gold) to create awareness among the investors about these ponzi schemes,"...
08:20 AM, May 19, 2013
Hyderabad: The race for the fourth spot still hangs in the balance, and Sunrisers Hyderabad face the last obstacle in their path. After handing Rajasthan Royals one of their more comprehensive defeats this season, Hyderabad have taken out quite a few positives. Defending champions Kolkata Knight Riders are already out of the tournament after their "mathematical equation" was laid to rest by party poopers Pune Warriors but Gautam Gambhir and...
12:18 AM, May 19, 2013
Bhubaneswar: Continuing its action against chit fund companies and others duping investors, police on Saturday sealed the corporate office of Seashore Group and took Artha Tatwa group chief Pradip Sethi to its custody for four days. The Crime Branch failed to arrest Seashore Group chief Prashant Das, who obtained an anticipatory bail from the Orissa High Court, but sealed its corporate office and seized certain documents and computers, said Crime...
10:13 PM, May 18, 2013
Dharamsala: Coming to form during the later half of the tournament, Punjab posted a a stiff total of 184 that eventually turned out to be too much for the visitors, Mumbai Indians. Mumbai went in with the same side as in the game against Rajasthan Royals. Sachin Tendulkar once again missed the fixture to rest his injured hand, which meant Mumbai's opening combination remain unchanged. However, it did not work...
07:39 PM, May 18, 2013
Kolkata: West Bengal chit fund scam accused Sudipta Sen and Arvind Chauhan have been remanded to judicial custody till May 22. The court has reserved order on the third accused Debjani Mukherjee as she is in hospital. Mukherjee was admitted after complaining of stomach ailment. Meanwhile, Congress workers protested in Kolkata against TMC leader Kunal Ghosh, who is alleged to have links in the case. On Friday, the manager and...
04:23 PM, May 18, 2013
Bhubaneswar: At least 177 people were arrested in different parts of Odisha during the past week for their involvement in illegal money circulation and chit fund activities, a police official said on Friday. The crackdown on the firms began May 10, 2013 and about 200 offices of 84 companies were raided, Rajesh Kumar, deputy inspector general (economic offence wing) of the crime branch police, told IANS. The arrested include two...
05:45 AM, May 18, 2013
New Delhi/Chitrakoot: A Delhi Police assistant sub-inspector was shot dead by an unknown attacker in the outskirts of Chitrakoot in Uttar Pradesh, police said on Friday. The officer had gone to Chitrakoot for a raid to nab a criminal. Additional Commissioner of Police Sanjay Kumar said that Jai Bhagwan, who was to retire in August 2013, had gone to Chitrakoot to nab an accused in a theft case in Delhi....
04:59 AM, May 18, 2013
