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GLOBAL DIAMOND CONSORTIUM
De Beers sale: Anglo American picks preferred bidder for companyAnglo American has chosen a consortium led by Gareth Penny as the preferred bidder. This group, known as Global Diamond Consortium, emerged...- Stealth, skies and sovereignty: India's fighter jet plan takes offThe Defence Ministry has issued tenders for India’s indigenous fifth-generation Advanced Medium Combat Aircraft (AMCA) programme to three p...
- Winsome's Mehta claims $ 5 billion from De Beers, Standard Chartered & KrollIn the summer of 2013, a chain of defaults, one triggering the other, by Jatin Mehta’s companies Winsome and Forever had rattled India’s je...
- CEAI urges PM to revisit existing tendering system of least cost selection methodConsulting engineers' lobby group CEAI has urged Prime Minister Narendra Modi to revisit the age-old existing tendering system based on the...
- Winsome diamonds fraud case: Mehta family may have moved to MontenegroA few cos floated in Montenegro capital Podgorica are linked to Winsome Diamonds promoter Jatin Mehta.
- Plans to safeguard companies from sudden change in local lawsSeveral sector-specific MoUs between the Indian states and various far eastern regions are also on anvil.
- ED attaches Rs 177-cr assets in Rotomac bank fraud caseThe agency alleged that these assets were the "proceeds of crime" of the illegal act of money laundering.
- Canara Bank files fresh complaint against RP Infosystem and its director Shivaji PanjaThere may also be criminal connivance between the firm, its directors and some bank employees, the complaint said. A bank official in Kolka...
- PNB Fraud: Banks for raising cover against fraud by staffBesides, tightening internal risk mechanism and vigilance, banks have to look for higher cover to guard against such fraud where employees ...
- Vikram Kothari, owner of Rotomac, arrested by CBI in loan default caseThe CBI officials said that Vikram Kothari and his son, who were called for questioning, were arrested after they failed to cooperate with ...
- Rotomac: ED notifies exit ports about Vikram KothariThe agency also conducted searches at multiple locations in Uttar Pradesh, including in Unnao and Kanpur, to gather evidence in the case.
- PNB fraud: Where is Nirav Modi? ED hunting for elusive jewellerHomes of jewellers Mehul Choksi and Nirav Modi along with two PNB officials who have been arrested are being raided along with showrooms an...
- PNB fraud: How two rogue employees and a famed jeweller pulled off India's biggest bank scamIn raising funds and moving money out of PNB, two employees directly used SWIFT and bypassed the CBS which processes daily banking transact...
- Standard Chartered moves Economic Offences Wing against WinsomeWinsome group, according to banks, is India’s second-largest wilful defaulter after Vijay Mallya’s Kingfisher Airlines.
- Lenders in tight spot over Winsome's default; banks want to shame company's directorsIn the summer of 2013, Winsome Group, an almost forgotten name now, had rattled the Indian bullion and diamond markets after it defaulted w...
- Troubled Winsome Diamonds' lenders say loan recast possibleTwo of the lenders to troubled Winsome Diamonds said they are not averse to restructure their Rs 6K-cr loans, including Rs 4K-cr LCs encash...
- Shady diamond traders taking banks for a rideThe use trade finance obtained from several high-street lenders to dress up past losses on their books and possibly carry out speculative d...
- India consortium strikes a direct deal with Namibia minerWhile the size of the deal could not be ascertained as Pravin Shankar Pandya, chairman of DIL, was not available for comment, a highly-plac...
- HTC plans to launch Android phone for Indian consumersHTC Corporation indicated to launch shortly the Android mobile handset.
- Tech Mahindra close to big deal; exclusivity fee payment hits netTech Mahindra has paid British Telecom (BT) $110 million as ‘exclusivity fee’ for an impending mega-deal with the UK-based telco. Hot Hands...
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