The probe agency said Aranha allegedly diverted loans from the stated purposes of the loans and utilised the same for his extravagant lifestyle, causing a loss of Rs 45 crore to Cosmos Bank.
The bench headed by Justice Sudhir Agarwal said that the activities in question were not permissible on the premises and therefore, the premises were "rightly" sealed.
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The reserves rose USD 1.46 billion at the end of last week after falling by a total of USD 15.8 billion in the previous four weeks, the RBI's statistical supplement showed on Friday.
Stock indices in India fell for the second consecutive session tracking weak cues from the overnight US markets. Also, the US central bank signalling that further hikes in interest rates may be needed to bring inflation to comfortable levels also hurt the market sentiment.
Ravi Menon, Managing Director of the Monetary Authority of Singapore said most central banks have shifted to a more moderate pace of monetary policy tightening in line with inflation coming off its peak, however, he believes the tightening cycle has some ways to go as the inflation numbers a
For almost three years now, protests against load shedding, shortages of wheat and water, increased progressive taxation and land grab by Pakistan military has been a daily occurrence.
According to the official statement, the partnership is aimed at providing easy access to finance to farmers/ food processors/ traders against the pledge of agriculture commodities stored in CWC warehouses.
Bhanu will be based in Mumbai, reporting to the CEO of Citi India, Ashu Khullar, according to a statement from Citi released on Thursday. He replaces Tushar Vikram, who becomes the global head of health care for CCB.