Showing posts with label Financial Services. Show all posts
Showing posts with label Financial Services. Show all posts

Wednesday, March 18, 2020

All banking services to resume from evening; ATMs have cash: YES Bank

International News
Amazon.com Inc will just get imperative supplies at its US and UK and other European stockrooms until April 5, its most recent move to let loose stock space for clinical and family unit merchandise popular because of the coronavirus flare-up.
The change doesn't imply that Amazon will quit selling insignificant things like telephone cases and toys for the present, just that items might be bound to come up short on stock in the following scarcely any weeks or dealers need to deliver the items legitimately to buyers themselves.
In a note sent to venders on Tuesday, Amazon said it is seeing expanding web based shopping request from purchasers. As its family unit staples and clinical supplies are coming up short on stock, it will organize certain classes so as to "rapidly get, restock, and transport these items to clients."
Amazon characterized a few classifications as basic items that can keep shipping, including infant items; wellbeing and family unit things; excellence and individual consideration; basic food item; modern and logical; and pet supplies. Books are incorporated also.
"We comprehend this is a change for our selling accomplices and value their understanding as we incidentally organize these items for clients," Amazon said in an announcement.

The organization said the new convention applies to both first-party merchants and outsider dealers. That proposes that the organization isn't securing its own items.…Read More

Wednesday, February 20, 2019

IL&FS crisis: ED files PMLA case, conducts raids in Delhi-NCR, Mumbai

Companies News:

The Enforcement Directorate (ED) conducted raids on at least six locations in Mumbai and Delhi-NCR region in connection with the multi-crore IL&FS payment default crisis, officials said.

They said the action by the central probe agency came after it registered a criminal complaint under the Prevention of Money Laundering Act (PMLA) in the alleged payment default case and searches were being conducted at the residential locations of executives linked to the Infrastructure Leasing and Financial Services (ILFS) including its former chairman Ravi Parthasarathy and few others.
The raids are on in Mumbai and locations in Delhi and the national capital region (NCR) including Gurugram, they said.

Officials added that the investigators are looking at collecting additional evidences and documents apart from what they have obtained till now as part of the probe.

The debt crisis at the infrastructure lender came to light following a series of defaults by its group companies beginning September, 2018.

IL&FS has defaulted on payment of loans to SIDBI and along with its subsidiaries has a combined debt of over Rs 91,000 crore.

The ED's case is based on an FIR filed before the Economic Offences Wing (EOW) of the Delhi Police in December last year.


 Ashish Begwani, Director of Enso Infrastructures (P) Ltd, had filed the case against officials of IL&FS Rail Ltd for allegedly causing Rs 70 crore loss to his company by fraudulent means.