Mallya, meanwhile, remains on bail in the UK after his final court appeal against extradition to India was rejected in May, with the UK Home Office indicating some pending issues in the ongoing legal case. Barrister Helen Malcolm told Westminster Magistrates' Court in London on Monday that the video proves that the prison conditions pose no risk of breaching the UK's Article 3 obligations under the European Convention on Human Rights, relating to inhuman and degrading treatment or punishment. … [Read more...] about Nirav Modi extradition case: UK court given fresh video tour of Mumbai’s Arthur Road Jail
Indian government banks list
> The resolution framework must be based on the borrower's pre-COVID operating and financial performance, and the impact of COVID-19 on its operating and financial performance in Q1 and Q2FY21, to assess the cash-flows for FY21/FY22 and subsequent years … [Read more...] about KV Kamath committee report on loan restructuring for sectors: What does it mean?
Moreover, with US elections now getting closer, there's an anticipation of profit-booking in the US markets too. The fact that tech stocks led a boom in the US markets have now reached even greater proportions than last seen in the dot-com bubble—is alarming, to say the least. … [Read more...] about With US elections getting closer, chances of profit-booking are high: Paras Bothra
APIs are the raw materials that give drugs the intended therapeutic effect. COVID-19 has rocked the global API hub China with several units shutting down. Consequently, the world is looking to reduce its exposure to China, and India, with its ready infrastructure and skillsets, has emerged as one of the preferred alternatives. The government is also pushing for greater domestic manufacturing with special API parks & incentives for the segment. … [Read more...] about Promoters of Hyderabad-based Granules India revive exit plans
The silver lining is that the mutual fund industry added 11.16 lakh new SIP accounts in August. Almost equal additions were made in the month of July as well. Currently, mutual funds have about 3.30 crore SIP folios through which investors regularly invest in schemes. … [Read more...] about Mutual funds managed 3.30 crore SIP accounts as on August 31; inflows fall a tad