Bank Guarantees
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Centre's Big Move Comes As Boost For Vodafone Idea, Welcomed By Industry
Hailing the government's landmark decision to waive bank guarantees for telecom spectrum acquired before 2022, industry players on Tuesday said such supportive policy measures are instrumental for technological innovation.
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India 2nd Only To US In Number Of Banks Covered By Deposit Insurance: RBI
India's Deposit Insurance and Credit Guarantee Corporation (DICGC) has extended coverage to 1,997 banks comprising 140 commercial banks and 1,857 cooperative banks.
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National Medical Commission Directs Colleges to Seek Return of Expired Bank Guarantees
NMC has asked the medical colleges to make a formal request for return of Bank Guarantees on fulfilling certain conditions.
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Inside BJP's Strategy To Win Over Voters In Rajasthan
While the Congress in Rajasthan is banking on its women-centric welfare schemes and "guarantees" to woo voters, the BJP is mobilising women leaders from other states to counter the ruling party.
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Court Allows Businessman To Go To US For Treatment On Rs 100 Crore Bank Guarantee
The Delhi High Court Monday permitted Anant Raj Kanoria, the son of one of the promoters of SREI Infrastructure against whom a Look Out Circular has been issued by the Enforcement Directorate, to travel to the US for medical treatment
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Highway Contractors Allowed To Convert Bank Guarantees Into Surety Bonds
Union Minister Nitin Gadkari has said the finance ministry has agreed to allow contractors engaged by state-owned NHAI and NHIDCL to convert their bank guarantees into insurance surety bonds.
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Congress Banking On 5 'Guarantees' For Victory In Karnataka Polls
With the BJP focusing on the Bajrang Dal ban issue by turning it into a poll plank, the Congress is banking on its five "guarantees" for a victory in the upcoming Karnataka Assembly elections, party sources said on Thursday.
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Karnataka HC Rejects Xiaomi's Petition Challenging $676 Million Asset Freeze by ED: Report
Karnataka High Court has rejected China-based Xiaomi Corp's petition challenging the seizure of $676.35 million (roughly Rs. 5,500 crore) by the Enforcement Directorate, news website Live Law reported on Friday.
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Vivo Ordered to Approach PMLA Appellate Tribunal for Bank Account Freezing Issue
Vivo has been asked by The Delhi High Court to approach the PMLA Appellate Tribunal in relation to the freezing of its bank accounts pursuant to a money laundering probe by the Enforcement Directorate. In July 2022, the high court allowed Vivo to operate its various frozen bank accounts subject to furnishing of a bank guarantee of Rs. 950 crore wit...
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Spicejet Shares Fall 4% After Supreme Court Directs Airline To Pay Rs 270 Crore To Kalanithi Maran
On Monday, the Supreme Court of India said the bank guarantee of Rs 270 crore of SpiceJet must be encashed immediately and the money be paid to media baron Kalanithi Maran and his Kal Airways.
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Supreme Court Tells SpiceJet To Pay Rs 270 Crore Dues To Previous Owner
The Supreme Court on Monday said the bank guarantee of Rs 270 crore of SpiceJet must be encashed immediately and the money be paid to media baron Kalanithi Maran and his Kal Airways towards dues from the arbitral award of Rs 578 crore.
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Probe Agency Alleges Pernod Ricard Violated Delhi's Liquor Policy To Boost Market Share
The Delhi government's policy prohibited manufacturers from participating in retail sales directly or indirectly and Pernod was "in contravention" as it effectively used bank guarantees to invest in retailers, said the documents.
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Star India Asks BCCI For Discount In Media Rights Deal, Byju's Wants Board To Encash Bank Guarantee: Report
The BCCI top brass deliberated on the two subjects for more than an hour in the emergent meeting of the Apex Council on Monday. It was a virtual meeting.
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Italy Partners With Algorand to Become First EU Country to Tweak Banking Systems With Blockchain
Italy has chosen the Algorand blockchain to bring about improvements in the existing banking systems starting next year. Insurance or bank guarantees are commodities promised by banks or insurance firms to mitigate a loss in case of a loan default. A blockchain twist to the issuance of these guarantees could make the records more irreversible, and ...
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Xiaomi's Appeal for Relief Over $676 Million Asset Freeze Declined by Karnataka High Court
An Indian court on Thursday declined to lift a freeze on Xiaomi's $676 million (nearly Rs. 5,500 crore) worth of assets, even as the Chinese smartphone group said this enforcement action had "effectively halted" its operations in its key Indian market. India's federal financial crime agency, the Enforcement Directorate (ED), froze Rs. 5,551 crore o...
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Centre's Big Move Comes As Boost For Vodafone Idea, Welcomed By Industry
Hailing the government's landmark decision to waive bank guarantees for telecom spectrum acquired before 2022, industry players on Tuesday said such supportive policy measures are instrumental for technological innovation.
-
India 2nd Only To US In Number Of Banks Covered By Deposit Insurance: RBI
India's Deposit Insurance and Credit Guarantee Corporation (DICGC) has extended coverage to 1,997 banks comprising 140 commercial banks and 1,857 cooperative banks.
-
National Medical Commission Directs Colleges to Seek Return of Expired Bank Guarantees
NMC has asked the medical colleges to make a formal request for return of Bank Guarantees on fulfilling certain conditions.
-
Inside BJP's Strategy To Win Over Voters In Rajasthan
While the Congress in Rajasthan is banking on its women-centric welfare schemes and "guarantees" to woo voters, the BJP is mobilising women leaders from other states to counter the ruling party.
-
Court Allows Businessman To Go To US For Treatment On Rs 100 Crore Bank Guarantee
The Delhi High Court Monday permitted Anant Raj Kanoria, the son of one of the promoters of SREI Infrastructure against whom a Look Out Circular has been issued by the Enforcement Directorate, to travel to the US for medical treatment
-
Highway Contractors Allowed To Convert Bank Guarantees Into Surety Bonds
Union Minister Nitin Gadkari has said the finance ministry has agreed to allow contractors engaged by state-owned NHAI and NHIDCL to convert their bank guarantees into insurance surety bonds.
-
Congress Banking On 5 'Guarantees' For Victory In Karnataka Polls
With the BJP focusing on the Bajrang Dal ban issue by turning it into a poll plank, the Congress is banking on its five "guarantees" for a victory in the upcoming Karnataka Assembly elections, party sources said on Thursday.
-
Karnataka HC Rejects Xiaomi's Petition Challenging $676 Million Asset Freeze by ED: Report
Karnataka High Court has rejected China-based Xiaomi Corp's petition challenging the seizure of $676.35 million (roughly Rs. 5,500 crore) by the Enforcement Directorate, news website Live Law reported on Friday.
-
Vivo Ordered to Approach PMLA Appellate Tribunal for Bank Account Freezing Issue
Vivo has been asked by The Delhi High Court to approach the PMLA Appellate Tribunal in relation to the freezing of its bank accounts pursuant to a money laundering probe by the Enforcement Directorate. In July 2022, the high court allowed Vivo to operate its various frozen bank accounts subject to furnishing of a bank guarantee of Rs. 950 crore wit...
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Spicejet Shares Fall 4% After Supreme Court Directs Airline To Pay Rs 270 Crore To Kalanithi Maran
On Monday, the Supreme Court of India said the bank guarantee of Rs 270 crore of SpiceJet must be encashed immediately and the money be paid to media baron Kalanithi Maran and his Kal Airways.
-
Supreme Court Tells SpiceJet To Pay Rs 270 Crore Dues To Previous Owner
The Supreme Court on Monday said the bank guarantee of Rs 270 crore of SpiceJet must be encashed immediately and the money be paid to media baron Kalanithi Maran and his Kal Airways towards dues from the arbitral award of Rs 578 crore.
-
Probe Agency Alleges Pernod Ricard Violated Delhi's Liquor Policy To Boost Market Share
The Delhi government's policy prohibited manufacturers from participating in retail sales directly or indirectly and Pernod was "in contravention" as it effectively used bank guarantees to invest in retailers, said the documents.
-
Star India Asks BCCI For Discount In Media Rights Deal, Byju's Wants Board To Encash Bank Guarantee: Report
The BCCI top brass deliberated on the two subjects for more than an hour in the emergent meeting of the Apex Council on Monday. It was a virtual meeting.
-
Italy Partners With Algorand to Become First EU Country to Tweak Banking Systems With Blockchain
Italy has chosen the Algorand blockchain to bring about improvements in the existing banking systems starting next year. Insurance or bank guarantees are commodities promised by banks or insurance firms to mitigate a loss in case of a loan default. A blockchain twist to the issuance of these guarantees could make the records more irreversible, and ...
-
Xiaomi's Appeal for Relief Over $676 Million Asset Freeze Declined by Karnataka High Court
An Indian court on Thursday declined to lift a freeze on Xiaomi's $676 million (nearly Rs. 5,500 crore) worth of assets, even as the Chinese smartphone group said this enforcement action had "effectively halted" its operations in its key Indian market. India's federal financial crime agency, the Enforcement Directorate (ED), froze Rs. 5,551 crore o...
