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1 month ago | 
htsyndication.com | Neha Joshi |Nehal Chaliawala
New Delhi, May 23 -- After a mother's heartfelt plea failed to bridge the chasm, nine rounds of court-appointed mediation and hectic parleys between a battery of lawyers finally forged a truce between warring brothers Abhishek and Abhinandan Lodha. The terms of their settlement, recently filed before the Bombay High Court, clearly spell out that younger brother Abhinandan has no rights to use the word 'Lodha' in isolation for any real estate business.
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1 month ago | 
htsyndication.com | Nehal Chaliawala |Varun Sood
Mumbai/Bengaluru, May 22 -- India's top philanthropic organizations are spending money comparable to the social spends of the country's biggest for-profit companies, a trend that has come to light after Bengaluru-based Azim Premji Foundation disclosed its financials for the first time in its quarter-century of existence. As per the reported financials, the eponymous not-for-profit entity of billionaire Azim Premji spent Rs.1,528 crore on philanthropy in 2024.
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1 month ago | 
livemint.com | Nehal Chaliawala |Varun Sood
News Summary As per the reported financials, the eponymous not-for-profit entity of billionaire Azim Premji spent ₹1,528 crore on philanthropy in 2024. That was more than twice the ₹699.31 crore spent by the Tata Trusts in the same year, according to financials filed by the entity. This is a Mint Premium article gifted to you. Subscribe to enjoy similar stories.
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2 months ago | 
livemint.com | Nehal Chaliawala |Varun Sood
Mumbai/Bengaluru: "I was horrified to see strangers standing next to my bed," D.K. Goel, founder of FIITJEE, the coaching institute, narrated how officials from the Enforcement Directorate stormed into his bedroom at his house in Delhi’s Vasant Vihar on Thursday, about ten minutes past 5 am. "They refused to show me any identification cards.
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2 months ago | 
htsyndication.com | Nehal Chaliawala |Varun Sood
Mumbai/Bengaluru, April 27 -- "I was horrified to see strangers standing next to my bed," D.K. Goel, founder of FIITJEE, the coaching institute, narrated how officials from the Enforcement Directorate stormed into his bedroom at his house in Delhi's Vasant Vihar on Thursday, about ten minutes past 5 am. "They refused to show me any identification cards.
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2 months ago | 
livemint.com | Rituraj Baruah |Nehal Chaliawala
Apart from filing the complaint with the EoW, PFC is also investigating the matter internally under its anti-fraud policy. New Delhi: State-run Power Finance Corporation Ltd (PFC) said on Tuesday evening that it has filed a complaint with the Economic Offences Wing (EoW) of the Delhi police over the alleged filing of falsified documents by Gensol Engineering Ltd.
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2 months ago | 
htsyndication.com | Rituraj Baruah |Nehal Chaliawala
New Delhi, April 22 -- State-run Power Finance Corporation Ltd (PFC) said on Tuesday evening that it has filed a complaint with the Economic Offences Wing (EoW) of the Delhi police over the alleged filing of falsified documents by Gensol Engineering Ltd. Mint had reported on Tuesday morning that PFC may approach the Serious Fraud Investigation Office and the EoW as well, as it explores all options to recover loans given to Gensol Engineering Pvt. Ltd, including moving the company law court.
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2 months ago | 
htsyndication.com | Nehal Chaliawala |Gopika Gopakumar |Rituraj Baruah
New Delhi, April 22 -- Power Finance Corp. Ltd (PFC) is exploring all options including moving the company law court to recover loans to Gensol Engineering Pvt. Ltd, even as questions arise regarding how lenders remained unaware of the fund diversion spotted by the market regulator.
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2 months ago | 
livemint.com | Nehal Chaliawala |Gopika Gopakumar |Rituraj Baruah
Companies Summary Gensol's lenders did not spot the discrepancy earlier, despite the company buying and hypothecating fewer cars than it had borrowed for. The gap was not flagged even a year after lenders transferred the last loan instalment to the company. This is a Mint Premium article gifted to you. Subscribe to enjoy similar stories. Power Finance Corp.
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2 months ago | 
htsyndication.com | Nehal Chaliawala |Varun Sood
New Delhi, April 18 -- Promoters of Gensol Engineering Ltd (GEL) had assured the board that they would manage the company's debt better and get a Big Four auditor to vet related party transactions (RPTs), promises that remained unfulfilled even as the regulator cracked the whip on Tuesday. Meanwhile, Gensol's seven-member board has shrunk to two following the ban on its two promoters and the exit of three independent directors.
