SEBI forbid Ramalinga Raju, aides from accessing market
The Securities and Exchange Board of India (SEBI), on Tuesday, barred erstwhile Satyam Computer Serviceschairman B. Ramalinga Raju and its former top officials from accessing the securities market for 14 years, with immediate effect. SEBI also banned B. Rama Raju, ex-Managing Director, Vadlamani... read more »
Kingfisher Airlines loses TDS case
In a major setback to Vijay Mallya-led Kingfisher Airlines, the Karnataka High Court, on Tuesday, upheld the 2011 assessment order of the Income-Tax Department, asking the company to remit around Rs.372 crore tax deducted at source (TDS) from the salaries of its employees and other payments. The... read more »
Nigerian police arrest top Boko Haram commander
Police in Nigeria have arrested Mohammed Zakari, a senior commander of the Boko Haram sect, blamed for killing hundreds of people since 2009, a police officer said on Tuesday. Zakari, 30, was linked to the recent killing of seven people, including women and children, Xinhua quoted police... read more »
Israel resumes air strikes on Gaza as ceasefire fails
Israel on Tuesday resumed airstrikes on Gaza after an Egyptian-brokered ceasefire failed to stop the escalating violence that has killed 192 Palestinians in nine days of fighting as Hamas continued to fire rockets at the Jewish state. “Hamas has fired 47 rockets since we suspended our strikes in... read more »
