[ad_1] MUMBAI: The Enforcement Directorate has summoned Niranjan Hiranandani and his son Darshan Hiranandani, the promoters of prominent Mumbai-based real estate developer Hiranandani Group, for questioning in a foreign exchange violation case on February 26, official sources said on Sunday. The Hiranandanis have been asked to depose at the central agency’s office in Mumbai but…
[ad_1] NEW DELHI: One97 Communications, which operates under the brand name Paytm, hits upper circuit again on Tuesday. Its shares increased by nearly 5% and were trading at 376.25 apiece on BSE and NSE in early morning trades, respectively. Notably, it hit an upper circuit on Monday as well and closed at 358.35.Sensex started in…
[ad_1] NEW DELHI: The Enforcement Directorate, which has been investigating Paytm Payments Bank, a branch of One 97 Communications, for potential foreign exchange violations, has yet to find any breaches, according to a Reuters report.While no foreign exchange management act violations have been detected, the probe has uncovered lapses in compliance with know-your-customer (KYC) norms…
[ad_1] NEW DELHI: Senior executives of Paytm have appeared for questioning before Enforcement Directorate in connection with alleged irregularities reported by Reserve Bank of India recently. The regulator had barred the payments bank from accepting deposits from customers after Feb 29.The agency is conducting a preliminary enquiry based on the findings of RBI and will…
[ad_1] NEW DELHI: In a filing with the BSE and the NSE, One97 Communications Ltd (OCL)’s on Sunday responded to what it termed were recent speculative media reports.In its release, the company said, “To address the recent misinformation, factual inaccuracies, and speculation, One97 Communications Limited (OCL / Paytm / Company) would like to set out…
[ad_1] NEW DELHI: The Enforcement Directorate (ED) on Saturday concluded its searches in a money laundering investigation linked to alleged diversion of funds worth more than Rs 2,000 crore from Religare Finvest Limited (RFL), official sources said. The agency had launched the raids on Friday and searched nine locations in Delhi-NCR, including the corporate offices…
[ad_1] BEIJING: China on Monday said it will provide consular protection and assistance to the arrested employees working for China’s smartphone maker Vivo in India and expressed its firm backing to the Chinese businesses in protecting their lawful rights and interests.ED last week arrested three Vivo-India executives in connection with a money laundering probe against…