Letter Of Undertaking
- All
- News
-
Delhi High Court Directs Officials To Approach Tribunal In Arvind Kejriwal Bungalow Renovation Case
The Delhi High Court allows six PWD officials to approach Central Administrative Tribunal (CAT) over show cause notices for renovating CM Arvind Kejriwal's residence.
-
Karnataka Government Closes-In On Deal With Foxconn For 2 Projects
The Karnataka government on Wednesday said it has signed a Letter of Intent (LoI) with Foxconn, a major iPhone assembler for tech giant Apple, to undertake two marquee projects in the state with an estimated investment worth Rs 5,000 crore.
-
WhatsApp Directed to Publicise Its Undertaking Regarding Data Protection Given to the Centre in 2021
The Supreme Court on Tuesday directed WhatsApp to widely publicise its undertaking given to the Centre in 2021 stand its users in India do not have to accept its 2021 privacy policy in order to use it. A five-judge Constitution bench headed by Justice KM Joseph asked WhatsApp to give advertisement in five newspapers to publicise its undertaking giv...
-
Explained: How Nirav Modi Cheated Punjab National Bank Of Rs 14,000 Crore
Pulling off one of the biggest bank frauds in the country, fugitive diamantaire Nirav Modi and his uncle Mehul Choksi created a complex web of deception through fraudulent Letters of Undertaking (LoUs) to siphon off Rs 14,000 crore.
-
NRAI Hyderabad Chapter Undertakes Initiatives To Create Skilled Workforce In F&B Industry
At Indian Restaurant Conclave 2022, 22 appointment letters were issued to students, as a part of the initiative 'Mission Kaam'. Read on to know more.
-
Former Top Banker In Trouble For PNB Scam Case Linked To Mehul Choksi
The investigation has revealed that the "bank officials deliberately omitted in making entries of the Letters of Undertaking (LoU) issued on behalf of Choksi's companies, in the Core Banking System (CBS) of the bank, to avoid detection".
-
Mehul Choksi Firms Siphoned Off Over Rs 6,000 Crore From Punjab National Bank: CBI
Companies owned by Mehul Choksi allegedly siphoned off over Rs 6,344.96 crore from Punjab National Bank (PNB) using fraudulent letters of undertaking and foreign letters of credit, the CBI has alleged in its supplementary chargesheet.
-
US Lawmakers Press Pakistan For Full Review Of Daniel Pearl Case
A total of 36 members of the US Congress on Tuesday issued a letter to Pakistan's Ambassador to the United States, urging the country to undertake a full review of acquittal of the accused in the case of the 2002 killing of American journalist Daniel Pearl.
-
CBI Arrests 10 Over Misuse Of PNB Letters Of Undertaking Worth 9 Crore
The CBI has arrested 10 people for alleged misuse of Lettter of Undertakings worth over Rs 9 crore in the Punjab National Bank's Brady House branch, the fountainhead of a USD 2 billion scam perpetrated by billionaires Nirav Modi and Mehul Choksi, officials said on Wednesday.
-
Banks Not The Only Victims Of Fugitive Jewellers Nirav Modi, Mehul Choksi
Banks weren't the only victims of fugitive jewellers Nirav Modi and Mehul Choksi, who allegedly orchestrated a $2 billion fraud. India's trade may be an unsuspecting casualty. As the fraud unravelled, the central bank stepped in and banned short-term financing in foreign currency called Letters of Undertaking to limit the damage to the financial sy...
-
Enforcement Directorate Summons Nirav Modi's Father, Sister, Brother-In-Law
Investigators said Nirav Modi's relatives were summoned in the first week of this month and were given 15 days time to appear before it.
-
Top Exporters Body Writes To RBI To Lift Ban On Letter Of Undertakings
The top exporters lobby Federation of Indian Export Organisations (Fieo) has written to the Reserve Bank and finance ministry seeking lifting the blanket ban on letter of undertakings (LoUs) saying it will further hurt exports by making them more uncompetitive.
-
RBI Bars Letters of Undertaking (LoUs). Five Things To Know
RBI took the decision of discontinuing letters of undertaking in wake of the alleged Rs 13,000 crore PNB fraud that revolved around the LoUs
-
Sensex Falls Over 250 Points, Nifty Below 10,350: 10 Points
The BSE Sensex fell as much as 276 points on Wednesday to hit an intraday low of 33,580, dragged down by banking and energy stocks. The National Stock Exchange (NSE) benchmark index Nifty lost 90 points to hit an intraday low below the 10,350 mark in afternoon deals. Declines during Wednesday's session were led by banking, energy and FMCG stocks. W...
-
RBI Clamps Down On Credit Guarantees As PNB Fraud Swells
Punjab National Bank, the country's second-biggest state-run bank, said last month it had been defrauded of about $2 billion.
-
Delhi High Court Directs Officials To Approach Tribunal In Arvind Kejriwal Bungalow Renovation Case
The Delhi High Court allows six PWD officials to approach Central Administrative Tribunal (CAT) over show cause notices for renovating CM Arvind Kejriwal's residence.
-
Karnataka Government Closes-In On Deal With Foxconn For 2 Projects
The Karnataka government on Wednesday said it has signed a Letter of Intent (LoI) with Foxconn, a major iPhone assembler for tech giant Apple, to undertake two marquee projects in the state with an estimated investment worth Rs 5,000 crore.
-
WhatsApp Directed to Publicise Its Undertaking Regarding Data Protection Given to the Centre in 2021
The Supreme Court on Tuesday directed WhatsApp to widely publicise its undertaking given to the Centre in 2021 stand its users in India do not have to accept its 2021 privacy policy in order to use it. A five-judge Constitution bench headed by Justice KM Joseph asked WhatsApp to give advertisement in five newspapers to publicise its undertaking giv...
-
Explained: How Nirav Modi Cheated Punjab National Bank Of Rs 14,000 Crore
Pulling off one of the biggest bank frauds in the country, fugitive diamantaire Nirav Modi and his uncle Mehul Choksi created a complex web of deception through fraudulent Letters of Undertaking (LoUs) to siphon off Rs 14,000 crore.
-
NRAI Hyderabad Chapter Undertakes Initiatives To Create Skilled Workforce In F&B Industry
At Indian Restaurant Conclave 2022, 22 appointment letters were issued to students, as a part of the initiative 'Mission Kaam'. Read on to know more.
-
Former Top Banker In Trouble For PNB Scam Case Linked To Mehul Choksi
The investigation has revealed that the "bank officials deliberately omitted in making entries of the Letters of Undertaking (LoU) issued on behalf of Choksi's companies, in the Core Banking System (CBS) of the bank, to avoid detection".
-
Mehul Choksi Firms Siphoned Off Over Rs 6,000 Crore From Punjab National Bank: CBI
Companies owned by Mehul Choksi allegedly siphoned off over Rs 6,344.96 crore from Punjab National Bank (PNB) using fraudulent letters of undertaking and foreign letters of credit, the CBI has alleged in its supplementary chargesheet.
-
US Lawmakers Press Pakistan For Full Review Of Daniel Pearl Case
A total of 36 members of the US Congress on Tuesday issued a letter to Pakistan's Ambassador to the United States, urging the country to undertake a full review of acquittal of the accused in the case of the 2002 killing of American journalist Daniel Pearl.
-
CBI Arrests 10 Over Misuse Of PNB Letters Of Undertaking Worth 9 Crore
The CBI has arrested 10 people for alleged misuse of Lettter of Undertakings worth over Rs 9 crore in the Punjab National Bank's Brady House branch, the fountainhead of a USD 2 billion scam perpetrated by billionaires Nirav Modi and Mehul Choksi, officials said on Wednesday.
-
Banks Not The Only Victims Of Fugitive Jewellers Nirav Modi, Mehul Choksi
Banks weren't the only victims of fugitive jewellers Nirav Modi and Mehul Choksi, who allegedly orchestrated a $2 billion fraud. India's trade may be an unsuspecting casualty. As the fraud unravelled, the central bank stepped in and banned short-term financing in foreign currency called Letters of Undertaking to limit the damage to the financial sy...
-
Enforcement Directorate Summons Nirav Modi's Father, Sister, Brother-In-Law
Investigators said Nirav Modi's relatives were summoned in the first week of this month and were given 15 days time to appear before it.
-
Top Exporters Body Writes To RBI To Lift Ban On Letter Of Undertakings
The top exporters lobby Federation of Indian Export Organisations (Fieo) has written to the Reserve Bank and finance ministry seeking lifting the blanket ban on letter of undertakings (LoUs) saying it will further hurt exports by making them more uncompetitive.
-
RBI Bars Letters of Undertaking (LoUs). Five Things To Know
RBI took the decision of discontinuing letters of undertaking in wake of the alleged Rs 13,000 crore PNB fraud that revolved around the LoUs
-
Sensex Falls Over 250 Points, Nifty Below 10,350: 10 Points
The BSE Sensex fell as much as 276 points on Wednesday to hit an intraday low of 33,580, dragged down by banking and energy stocks. The National Stock Exchange (NSE) benchmark index Nifty lost 90 points to hit an intraday low below the 10,350 mark in afternoon deals. Declines during Wednesday's session were led by banking, energy and FMCG stocks. W...
-
RBI Clamps Down On Credit Guarantees As PNB Fraud Swells
Punjab National Bank, the country's second-biggest state-run bank, said last month it had been defrauded of about $2 billion.
