You are here: Home >> English News & Features >> BUSINESS & ECONOMY

Directors of Nirav cos face asset freeze

DNMUM418078 | 7/13/2018 | Author : Anjul Tomar | WC :256



New Delhi: Independent directors are rarely held liable in cases of corporate frauds. In one such case, the National Company Law Appellate Tribunal (NCLAT) on Thursday dismissed an appeal by the former independent directors on the board of companies of billionaire jewellery designer Nirav Modi against freezing of assets by the government. Modi is facing trial for defrauding Punjab National Bank of over Rs 14,000 crore.
The independent directors on the Modi firms included India Inc’s high profile executives- American Express president Sanjay Rishi, former PepsiCo executive Gautham Mukkavilli and former Wipro CFO Suresh Senapathy. Most of them resigned after the fraud came to light.
These former independent directors had approached th
Read full story


Copyright restricted. Under license from www.dnasyndication.com   
Add To Lightbox
Calculate Price

More on BUSINESS & ECONOMY

Turn to your parents for advice about money
DNMUM418299 | 7/16/2018 12:00:00 AM | Author : Huma Qureshi | WC :147

Your first pay chequeI know this sounds cliched, but I handed the cheque to my motherMost expensive purchase till dateThat would probably be my luxury automobile spends. I own a Mercedes GL (SUV). It was an early birthday present that I gifted myself
Add To LightboxCalculate Price

Tap and pay cards are set to grow
DNMUM418300 | 7/16/2018 12:00:00 AM | Author : Vishal Maru | WC :187

Today there are contactless cards that work on Near Field Communications (NFC) technology, which allows you to make payments by waving your card at a Point-of-Sales terminal enabled by the NFC antenna. The most common name for NFC technology is “Tap
Add To LightboxCalculate Price

Make MFs integral part of your portfolio
DNMUM418301 | 7/16/2018 12:00:00 AM | Author : Hemant Rustagi | WC :431

Considering that financial products vary greatly in the degree, as well as type of risk and potential return, the endeavour should be to develop a sound portfolio that strikes the right balance between risk and reward. Simply put, your asset allocati
Add To LightboxCalculate Price

Sensex at record high, St at low
DNMUM418302 | 7/16/2018 12:00:00 AM | Author : Jagannadham Thunuguntla | WC :420

Despite volatility in the global bourses on account of trade war, the Indian markets had the strong week on a positive note (especially at large caps represented by Sensex and Nifty). Nifty continued to make higher highs and moved above an important
Add To LightboxCalculate Price