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The Latest: Judge contrite for scolding prosecutors Democrats link congressman's indictment to Trump ethics WASHINGTON (AP) â" Democrats are linking a Republican congressman's insider trading indictment to a culture of corruption they say President Donald Trump has fostered, a theme they hope will help them seize congressional control in November's elections. Prosecutors: Judge wrong to scold them in front of jury ALEXANDRIA, Va. (AP) â" Prosecutors in Paul Manafort's financial fraud trial said Thursday that the judge presiding over the former Trump campaign chairman's case incorrectly admonished them in front of the jury, and they want him to correct the error. - Sources say that keeping in view the DMK's flexibility in going with the National Front, the NDA and the UPA in the past, various political groupings are making "overtures" to it.
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Sebi could ask for powers to tap phone callsSebi has powers to seek call data records of those being probed, but can't intercept calls. Here's how you can make money on YouTubeYou don't have to sing, dance or crack jokes today to have a fan following on YouTube. Rupee logs 1st fall in three days, falls 5 paise to 68.68 The Indian currency had appreciated by 25 paise in the last two days. Sebi could ask for powers to tap phone calls SFIO arrests Bhushan Steel's Neeraj Singhal Serious Fraud Investigation Office (SFIO) has made its first arrest. Neeraj Singal, erstwhile Promoter & Managing Director of Bhushan Steel Ltd. has been arrested by SFIO.He was produced before Court of competent jurisdiction today & sent to judicial custody till 14th August 2018.He is accused of siphoning off funds of over Rs 2000 crore from the loans availed by Bhushan Steel Limited using more than 80 companies.The companies were used for fraudulent activities of rotation of funds through bogus loans & advances, investments, etc.This is the first time that the SFIO has arrested a person for fraudulent activities, a senior official told PTI.Singal was arrested in the national capital and has been sent to judicial custody till August 14, the official added.The probe agency, which comes under the Corporate Affairs Ministry, got powers to arrest people for violations of companies law last year.Bhushan Steel is one of the 12 big cases that had been referred for insolvency resolution. The company was referred to NCLT last year after accumulating a debt of over Rs 50,000 crore.In a series of tweets, the Ministry of Finance said fraudulent activities contributed to the company becoming insolvent. ONGC, and not the government, is the promoter of Hindustan Petroleum Corp: Dharmendra Pradhan NEW DELHI: Oil and Natural Gas Corp (ONGC), and not the government, is the promoter of Hindustan Petroleum Corp, Oil Minister Dharmendra Pradhan has clarified following confusion over who the real promoter of the state-run refiner was. ONGC paid Rs 37,000 crore to buy the governmentâs entire 51.11% stake in HPCL earlier this year but the latter has refused to recognize the state-run explorer as its promoter in public filings. In the companyâs shareholding details submitted to the stock exchanges, HPCL has listed the President of India as the promoter with zero share in the company while ONGC is listed as âpublic shareholderâ. âToday itâs ONGC. Donât go into technicality. ONGC has invested in it (HPCL),â Pradhan replied to a query on who the HPCLâs promoter was.On Wednesday, HPCL chairman Mukesh Kumar Surana had said the company was being guided by the rule book on classifying promoter in public filing. "Whatever we are doing, whatever we have done and whatever we will be doing will be as per our understanding of the statute and the guidelines and Companies Act and the SEBI guidelines,â Surana said. ONGC has also recently written to HPCL, warning them of the risks associated with not recognising the majority shareholder as promoter and advising the refiner to quickly correct public filings in this regard. HPCL executives argue that HPCLâs case is special since itâs a public sector company and its board is appointed by the government, and not ONGC. Since ONGC canât appoint the board, which ultimately controls the company, it canât be listed as the promoter, they said, adding that HPCL canât be compared with other subsidiaries of ONGC such as ONGC Videsh or MRPL since its acquisition earlier this year was made with the condition that itâs independent identity will be retained, they said. But ONGC executives say majority ownership automatically makes it a promoter of HPCL and even the HPCL chief should no more hold the position of Chairman as group companies canât have more than one chairman. At present, ONGCâs finance chief is the sole representative of the company on the HPCLâs board. - New Zealand orders flight simulator for NH90 helicopters
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- The government of New Zealand has approved the purchase of a flight simulator from Canadian company CAE to train the pilots of the Royal New Zealand Air Force’s (RNZAF’s) fleet of NHIndustries NH90 multirole medium helicopters.
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- The government of New Zealand has approved the purchase of a flight simulator from Canadian company CAE to train the pilots of the Royal New Zealand Air Force8217s RNZAF8217s fleet of NHIndustries NH90 multirole medium helicopters
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- LS passes four Bills to amend GST laws to enhance Composition levy to Rs 1.5-crore from Rs 1-crore
- 24 killed, nine missing and nine injured as heavy rains wreak havoc in Kerala
- Kochi, Aug 9
- Twenty-four people lost their lives, nine missing and nine others injured in torrential rains that lashed in the state during the last 24 hours.
- Delhi Assembly witnesses ruckus on Bangladeshi migrants issue
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- Srinagar, Aug 9 (UNI) Several houses and vehicles were damaged due to flash floods and mudslide, triggered by incessant rains in Leh in Ladakh region.
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- An AT-6 experimental aircraft is prepared for takeoff from Holloman Air Force Base. The AT-6 is participating in the Air Force's light-attack experiment, a series of trials to determine the feasibility of using light aircraft in attack roles. (Ethan D. Wagner/U.S. Air Force)
- People walk along the shore across from a corvette warship under construction at the ThyssenKrupp Marine Systems shipyard on January 18, 2016, in Kiel, Germany. (Photo by Sean Gallup/Getty Images)
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Thursday, August 9, 2018
Latest News Headlines Thu Aug 9 21:16:17 IST 2018
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