The RBI on Monday asked banks to issue new cheque books only under the new format and gave them time till July-end to withdraw the old format cheques. All cheques currently with customers in the old format (non-Cheque Truncation System) will continue to be valid for another four months (the earlier deadline was March 31), the apex bank said. ...
09:40 PM, Mar 18, 2013
Borrowers from NBFCs have now time till March 31 to replace their old system bank cheques with new ones with added security features for their EMI payments, as RBI has extended the deadline in this regard for non-banking finance companies. In a circular RBI said that it has been decided to extend the time for NBFCs up to March 31, 2013 "to ensure withdrawal of Non-CTS 2010 Standard compliant cheques...
12:38 PM, Dec 23, 2012
Hyderabad: A court in Hyderabad on Friday issued a non-bailable warrant against Kingfisher Airlines and its Chairman Vijay Mallya in a case of cheques bouncing filed by GMR Hyderabad International Airport Ltd (GHIAL). The case pertains to bouncing of cheques worth more than Rs 10 crore issued by Kingfisher Airlines to GMR as Hyderabad airport charges. GMR, which manages the Rajiv Gandhi International Airport in Hyderabad, moved the court after...
02:46 PM, Oct 12, 2012
Bangalore: Though the Bharat Bandh was successful in bringing the citys businesses to a halt, a few restaurants and street hawkers continued with their routine business. According to K Shiva Shanmugam, president, Federation of Karnataka Chambers of Commerce and Industry (FKCCI), there was a loss of over Rs 1,200 crore on the turnover and the state Exchequer incurred a loss of Rs 200 crore on Thursday. The loss estimate springs...
01:27 PM, Sep 21, 2012
Hyderabad: GMR Hyderabad International Airport Ltd (GHIAL), which manages Rajiv Gandhi International Airport in Hyderabad, has filed a petition in a local court against Kingfisher Airlines for dishonouring cheques. A case has been filed against Vijay Mallya-owned Kingfisher Airlines in Nampally criminal courts in Hyderabad for dishonouring cheques worth Rs 10.3 crore, sources said. When contacted a senior official of GHIAL refused to comment saying the matter is "subjudice". Kingfisher...
12:40 AM, Aug 28, 2012
New Delhi: A Delhi court on Monday let off Haryana's former minister Gopal Goyal Kanda, an accused in Geetika Sharma's suicide, and his brother in a 1998 cheque-bounce case. Metropolitan Magistrate Vikrant Vaid acquitted Gopal Goyal Kanda and his brother Govind Kanda after they settled the dispute with the complainant. Two cheques issued by the former minister's company, Kanda Polymers, to Delhi-based complainant company Indo Polycoats Pvt Ltd were dishonoured...
08:14 PM, Aug 27, 2012
Mumbai: Find Bangladeshis, get Rs 2 crore. That was Samajwadi Party (SP) leader Abu Asim Azmis singular challenge to Maharashtra Navnirman Sena (MNS) chief Raj Thackeray on Wednesday. While blaming illegal immigrants to the city for the August 11 violence at Azad Maidan, Raj had alleged during his rally on Tuesday that Azmi " a Maharashtra MLA " had won the 2009 polls because of the Bangladeshi voters in his...
04:18 PM, Aug 23, 2012
Mumbai: Mumbai International Airport on Monday took the Kingfisher Airlines to court over the bounced cheque issue. A notice was filed under section 138 of Negotial Instruments Act in a criminal court in Andheri. The court has issued summons to the Kingfisher Airlines' top management over dishonour of the cheques worth Rs 15 crore to the MIAL. This was the second instance of the bounced cheques. THe KFA previously failed...
03:18 PM, Jul 23, 2012
New Delhi: Come April 1 and cheques and bank drafts will be valid only for three months, a development that the Reserve Bank of India (RBI) thinks will help mitigate frauds related to such instruments. The RBI has directed that with effect from April 1, 2012, banks should not make payments against cheques, drafts, pay orders or banker's cheques if they are presented after the period of three months from...
05:05 PM, Mar 23, 2012
New Delhi: A Delhi court on Friday issued a non-bailable warrant against Congress MP and former cricketer Mohammad Azharuddin for his repeated failure to appear before it in connection with a cheque bounce case. Metropolitan Magistrate (MM) Vikrant Vaid issued the warrant against former captain of the Indian cricket team for March 1 after rejecting his counsel's submission that he was busy in the election campaigning in the ongoing Uttar...
07:58 AM, Feb 19, 2012
New Delhi: KBC winner Sushil Kumar Tuesday denied reports that he had complained about not getting his Rs.5 crore prize money, saying Sony officials were constantly in touch with him and he had complete faith that he would get it. "I have never said that I haven't got a single penny of the prize money. The channel had already told me that the money would be given to me in...
05:57 PM, Dec 13, 2011
Ranchi: A cheque from Indian Cricket captain Mahendra Singh Dhoni, one of the country's richest sportstars, has bounced, and that too for a payment of Rs 645. The cheque, dated March 15, 2011, was paid to the Ranchi Municipal Corporation. Dhoni had issued the cheque to pay taxes on an apartment that he owns in Ranchi, his hometown. The cheque has now been returned to the State Bank of India...
11:03 AM, Jun 25, 2011
Students of the IIMs are a happy lot receiving summer internships that have been the best after the slowdown. ...
09:01 AM, Nov 17, 2010
Kolkata: It's raining jobs at IIM campuses across the country - big banks are back for summer placements and hedge funds have made their debut. Students of the IIMs are a happy lot receiving summer internships that have been the best after the slowdown. Now they hope that this trend continues for the final placements as well. At the IIM campus in Kolkata, 200 companies were in attendance on the...
08:48 AM, Nov 17, 2010
This staple in the wallets of tourists, are making a silent exit. ...
01:48 AM, Dec 15, 2009
Pune Warriors India innings: Three wickets by Marchant de Lange and a fifty by skipper Gautam Gambhir helped Kolkata Knight Riders beat Pune Warriors India by seven runs. It's KKR's sixth win in ten matches. This is it with our live match updates. Our match report will be up shortly. 20th over: 143 for 8 Despite scoring 10 runs in the last over bowled by de Lange, Pune still fall...
07:25 PM, May 19, 2008
Adelaide: Former skipper Ricky Ponting has emerged as the frontrunner to lead Australia in the absence of injured Michael Clarke, in Friday's tri-series clash against Sri Lanka. Clarke has been ruled out of the match due to a hamstring injury he sustained during the side's four-wicket loss to India here on Sunday, and that could force the selectors to return to Ponting. While the most likely scenario is Ponting temporarily...
07:40 PM, Apr 23, 2008
See who tops the list for doing the 'Most Shameless Paycheque Role Of All Time’. ...
12:23 AM, Mar 26, 2008
Kolkata: In order to make cricket corruption-free, former Pakistan captain Imran Khan on Monday urged international players to disclose their bank accounts and advised the respective boards to be more vigilant. Allan Border, Kapil Dev and Imran Khan, all World Cup-winning skippers, voiced their concerns about spot-fixing during a promotional campaign here on Monday. "To investigate spot fixing is a very difficult thing. I would go a step further and...
01:34 PM, Jan 09, 2008
