In April 2018, the Customs, Excise Service Tax Appellate Tribunal had rejected a DRI plea seeking over Rs 29,000 crore from a clutch of these 40 companies for alleged overvaluation of coal ...
WhatsApp: +86 18838072829Coal imports case: SC to hear in Feb Centre's appeal against Bombay HC Sensex ( %) + Nifty ( %) + Nifty Midcap (%) + Nifty Smallcap (%) + Nifty Bank ( %) +
WhatsApp: +86 18838072829The Securities Appellate Tribunal has stayed trading restrictions imposed on Assam Company India, which is among the 331 suspected shell companies identified by the government.
WhatsApp: +86 18838072829The DRI has alleged that several traders are directly importing Indonesian coal but the invoices are "routed through one or more related /associated intermediary firms based abroad" after artificially inflating its value. To justify the inflated price, "manipulated test reports" of the quality of coal is submitted to PSUs and Customs.
WhatsApp: +86 18838072829April 28, 2022 04:30 IST. At its Raigarh unit in Chhattisgarh, JSPL will raise capacity to mtpa from mtpa now by 203031. Sanguine about the steel sector's prospects within and an ...
WhatsApp: +86 18838072829For safe and simple remittances to India, the nation's largest lender, State Bank of India (SBI), has collaborated with Remitly. The US Department of Treasury has certified Remitly as money ...
WhatsApp: +86 18838072829Similarly, there is also SBI Express Rupee facility available in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE, However, this route will take at least 1 to 2 days time for transfering money in India. Apart from this there is also SBI Express Remit UK for customers based out of United Kingdom and SBI Express Remit Canada for customers based ...
WhatsApp: +86 18838072829The DRI case against the Adani Group assumes significance as the Central Electricity Regulatory Commission (CERC) had in November 2017 pointed out that findings of the probe into alleged overinvoicing of Indonesian coal importsbyadanipowerwouldaffect the compensation it received from distribution companies in Haryana.
WhatsApp: +86 18838072829The Directorate of Revenue Intelligence (DRI) has moved the Supreme Court to challenge the Bombay High Court (HC) order that restrained the agency from seeking foreign counterparts' assistance in its probe against a few firms of the Adani group for alleged overvaluation of Indonesian coal imports.
WhatsApp: +86 18838072829The LR documents contain the actual price of coal before it was allegedly inflated. The Directorate of Revenue Intelligence (DRI), on November 19, filed a special leave petition (SLP) in the Supreme Court challenging a Bombay High Court order that has quashed all letter rogatories (LRs) sent by the agency to foreign countries in connection with the alleged overvaluation of Indonesian coal ...
WhatsApp: +86 18838072829Black Money Corruption DRI show cause notices to Adani, Reliance Infra Essar on coal import scams as PSU Banks hide details Are SBI, BoB UCO Banks trying to hushup an alleged,000 crore ( billion) Coal Import scam? By Team PGurus September 15, 2016
WhatsApp: +86 18838072829Pledge of 13 lakh more shares of Adani Transmission took the total to per cent, the filings showed. The additional pledges are part of a USD 300 million letter of credit issued by a bank to another bank as a guarantee for payments made provided by SBI for Adani Group's Carmichael coal mining project in Australia.
WhatsApp: +86 18838072829State Bank of India, ICICI Securities and Reliance Capital Asset Management have been selected to manage the provident fund corpus of the workers of coal industry, amounting to around Rs 75,000 crore. The Coal Mines Provident Fund Organisation (CMPFO) gave the mandate to the three fund managers and allotted equal corpus to the three of them.
WhatsApp: +86 18838072829The companies that got the relief are Sesa Sterlite, a part of the Londonlisted Vedanta Resources, Raipurheadquarterd Sarda Energy and Minerals, and Delhibased Usha Martin.
WhatsApp: +86 18838072829Indian investigators are seeking to restart a probe into Adani Group for alleged overvaluation of coal imports and have asked the Supreme Court to allow them to collect evidence from Singapore, a step they say the company thwarted for years, legal documents show. The Directorate of Revenue Intelligence since 2016 has been trying to procure ...
WhatsApp: +86 18838072829New Delhi | Updated: October 14, 2023 07:34 IST Follow Us The Additional Solicitor General, representing DRI, drew the apex court's attention on October 10 to a recent order by a different bench in another case involving the agency.
WhatsApp: +86 18838072829According to the Indian Express, the DRI found that the inflated import invoices received in India were issued by intermediaries, that were purportedly fronts of subsidiary companies of Indian ...
WhatsApp: +86 18838072829The case pertains to allegations of the DRI that a wholly owned subsidiary of Knowledge Infrastructure in Singapore first bought the coal from a Switzerlandbased firm and then the same consignment was sold to two intermediary firms, which then "dispatched the coal to the Indian firm". In these transactions, the price of coal sold by the ...
WhatsApp: +86 18838072829SBI is in the process of issuing new cards at no cost to those card holders whose cards have been blocked. This is a cards industry incident (not only SBI)," SBI said. However, other banks are yet to make any announcement on the security breach. However, customers said SBI branches told them the issue of new debit cards can take up to three ...
WhatsApp: +86 18838072829In its status report filed on March 8,the CBI had said that the coal block allocation during 200609 was done without verifying the credentials of companies which allegedly misrepresented facts about themselves and no rationale was given by the Coal Ministry in giving coal blocks to them. CBI has so far registered 11 FIRs in the matter.
WhatsApp: +86 18838072829It needs bouquets rather than brickbats. This column first appeared in the print edition on October 18, 2021 under the title 'The fall guy'. The writer is former chairman, Coal India Ltd. Partha Bhattacharyya writes: Coal India has been meeting the demand for coal, helping generate power at affordable tariffs.
WhatsApp: +86 18838072829According to Indian Express, one Gautam Kumar, who had recently cleared the Bihar Public Service Commission exam, was kidnapped from the school he teaches in, and forced to marry kidnappers daughter.
WhatsApp: +86 18838072829DRI, Indian Coast Guard seize over 32 kg gold worth ₹ crore in two cases in Tamil Nadu. 1 min read 01 Jun 2023, 09:20 PM IST Join us. Staff Writer.
WhatsApp: +86 18838072829Gautam Adani, Chairman Adani Group. (Source: Indian Express) In what could be one of the largest credit facilities extended by an Indian bank for an overseas project, the State Bank of India (SBI) will provide a loan of 1 billion (over Rs 6,000 crore) to Adani Mining, the Australian subsidiary of Adani Enterprises, for its mine project in Queensland.
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