ED slaps ₹567cr fine on TN firm in FEMA probe
The New Indian Express|November 02, 2024
THE Enforcement Directorate, Chennai, on Friday said it has slapped a penalty of ₹566.5 crore and ordered confiscation of properties worth ₹195 crore of Chennai-based GI Retail Private Ltd for violation of the Foreign Exchange Management Act (FEMA) in a case pertaining to transfer of shares of a company owned by it to German firm Wirecard through a Mauritius-based entity.

The action was taken as per the order passed by an adjudication authority of the ED on October 30 based on its investigation into the sale of Hermes I Ticket Pvt Ltd (owned by GI Retail) to Mauritius-based Emerging Markets Investment Fund (EMIF), which in turn transferred the shares to Wirecard at an exorbitantly enhanced value.

هذه القصة مأخوذة من طبعة November 02, 2024 من The New Indian Express.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة November 02, 2024 من The New Indian Express.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من THE NEW INDIAN EXPRESS مشاهدة الكل
IT'S DZIREABLE
The New Indian Express

IT'S DZIREABLE

A LOOK AT HOW MARUTI SUZUKI'S ALL-NEW DZIRE FARES IN TODAY'S MARKET SATURATED WITH SUVS

time-read
4 mins  |
December 02, 2024
The New Indian Express

A tribute to heritage

On a rainy evening at the Swami Haridhos Giri Mini Hall in Chennai, Guravey Sharanam, hosted by the Aatmalaya Academy, Bangalore, and the Narada Gana Sabha Trust, brought together tradition, art, and spirituality.

time-read
1 min  |
December 02, 2024
WORKING AT THE TEMPLE OF JUSTICE
The New Indian Express

WORKING AT THE TEMPLE OF JUSTICE

We have been raised to revere what is often referred to as the sanctum-sanctorum of our nation the Supreme Court. But beyond the practicalities of pursuing a legal career, is the journey to becoming a lawyer at the country’s highest courts an easy one? Or does it truly test your skills and resolve? Lovely Majumdar endeavours to find out

time-read
3 mins  |
December 02, 2024
The New Indian Express

TN go down to Karnataka

V KOUSIK and Manoj Bhandage took three wickets each to bundle out Tamil Nadu for 90 and help Karnataka win by seven wickets in Syed Mushtaq Ali Trophy contest in Indore on Sunday.

time-read
1 min  |
December 02, 2024
Shah takes charge as youngest ICC Chair
The New Indian Express

Shah takes charge as youngest ICC Chair

JAY Shah, the outgoing secretary of the Board of Control for Cricket in India (BCCI), officially assumed the role of International Cricket Council (ICC) Chair on December 1, succeeding Greg Barclay, who vacated the position on Saturday.

time-read
2 mins  |
December 02, 2024
Liverpool beat City to extend lead
The New Indian Express

Liverpool beat City to extend lead

LIVERPOOL opened up a nine-point lead at the top of the Premier League as Manchester City's crisis deepened in a 2-0 defeat at Anfield on Sunday.

time-read
1 min  |
December 02, 2024
Will Rohit bat in middle-order once again in the longest format?
The New Indian Express

Will Rohit bat in middle-order once again in the longest format?

AS India won the toss and opted to bowl in what was a mutually agreed 50-over-a-side pink-ball encounter against Prime Minister XI in Canberra on Sunday, there was one significant change in the line-up.

time-read
2 mins  |
December 02, 2024
Anand, Singapore and an evening of frenzy at World Championships
The New Indian Express

Anand, Singapore and an evening of frenzy at World Championships

At the venue of the World chess Championship, tucked away in a corner of Resorts World Sentosa, on Sunday, another Indian performed in front of a sold-out arena.

time-read
2 mins  |
December 02, 2024
Another draw after a Ding-dong battle
The New Indian Express

Another draw after a Ding-dong battle

Gukesh and Liren play out a draw & remain level on points after game six of World Chess Championship

time-read
2 mins  |
December 02, 2024
Home balm for Sindhu & Lakshya
The New Indian Express

Home balm for Sindhu & Lakshya

GIVEN the tall standards they have set over the years, shuttlers PV Sindhu and Lakshya Sen endured an arduous 2024. Missing out on a medal at the Olympics was a low point, both in contrasting styles.

time-read
2 mins  |
December 02, 2024