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.

Denne historien er fra November 02, 2024-utgaven av The New Indian Express.

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Denne historien er fra November 02, 2024-utgaven av The New Indian Express.

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What Makes Loans Against Gold Jewellery Hit Among Borrowers
The New Indian Express

What Makes Loans Against Gold Jewellery Hit Among Borrowers

A slew of factors led by the increasing financial distress of households, regulatory curbs on personal loans & rising prices of the yellow metal are driving the mkt

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3 mins  |
December 02, 2024
Retirement Planning & Portfolio Construction
The New Indian Express

Retirement Planning & Portfolio Construction

know two people who are more than 70 years old. How much of their money should be in equities? "Sir, 100 years minus their age - so they should have about 30% of their portfolio in equities".

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2 mins  |
December 02, 2024
The New Indian Express Chennai

GET Massive fire in UP hospital, 10 newborns dead

TEN newborn babies died of burn injuries and suffocation after a massive fire broke out at the neo-natal intensive care unit (NICU) of Rani Laxmi Bai Medical College in Jhansi, Uttar Pradesh late on Friday night.

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1 min  |
November 16, 2024
The New Indian Express Chennai

**Massive fire in UP hospital, 10 newborns dead

TEN newborn babies died of burn injuries and suffocation after a massive fire broke out at the neo-natal intensive care unit (NICU) of Rani Laxmi Bai Medical College in Jhansi, Uttar Pradesh late on Friday night.

time-read
1 min  |
November 16, 2024
The New Indian Express Chennai

Massive fire in UP hospital, 10 newborns dead

TEN newborn babies died of burn injuries and suffocation after a massive fire broke out at the neo-natal intensive care unit (NICU) of Rani Laxmi Bai Medical College in Jhansi, Uttar Pradesh late on Friday night.

time-read
1 min  |
November 16, 2024
The New Indian Express Chennai

Massive fire in UP hospital, 10 newborns dead

TEN newborn babies died of burn injuries and suffocation after a massive fire broke out at the neo-natal intensive care unit (NICU) of Rani Laxmi Bai Medical College in Jhansi, Uttar Pradesh late on Friday night.

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1 min  |
November 16, 2024
A Siva temple associated with a game of chess
The New Indian Express

A Siva temple associated with a game of chess

Karpagavalli, Rajarajeshwari (consort of Pushpavaneshwarar) and Chamundeshwari. Rajarajeshwari is the Pandya princess who married Chaturanga Vallabanathar who came as a sanyasi and won the chess competition. Goddess Chamundeshwari is said to be the companion of Rajarajeshwari.

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1 min  |
December 02, 2024
Xavier Samuel, Sonal Sehgal join hands for The Great Departure
The New Indian Express

Xavier Samuel, Sonal Sehgal join hands for The Great Departure

CTORS Xavier Samuel and Sonal Sehgal are all set to headline The Great Departure, a film from director Pierre Filmon, a Camera d'Or nominee.

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1 min  |
December 02, 2024
The New Indian Express

Vemal's next titled Paramasivan Fathima

AFTER his last appearance in director Bose Venkat's SIR, Vemal recently announced his 35th project, titled Belladona. On Saturday, the actor announced another film. Titled Paramasivan Fathima, the upcoming film was announced by actor Vijay Sethupathi.

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1 min  |
December 02, 2024
The New Indian Express

'I LEARNT NOT TO CELEBRATE MY SUCCESSES'

...says Krishna, who speaks about juggling the roles of an actor and producer in the recently released web series Parachute, while Kani Thiru discusses the complexity of playing a mother

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3 mins  |
December 02, 2024