Bank Guarantee News Monitoring

Karnataka HC orders Google India, 3 executives to give bank guarantee for 50% of ED’s penalty

The Karnataka High Court, in a recent judgment, has directed Google India and three of its senior executives to deposit 50 percent of the penalties imposed by the enforcement directorate (ED) for alleged violations of the Foreign Exchange Management Act ( …

HC directs Google India, three top execs to submit bank guarantees for 50% of Fema violation penalty

The Karnataka High Court has mandated that Google India, along with three of its senior officials, provide bank guarantees amounting to 50 percent of the penalties levied against them due to alleged infractions of the Foreign Exchange Management Act (Fema …

Karnataka HC asks Google India officials to secure 50% FEMA dues with bank guarantee

Bengaluru: The Karnataka High Court has directed Google India and three of its senior executives to deposit 50 per cent of the penalties imposed for alleged Foreign Exchange Management Act (FEMA) violations, as bank guarantees. The Enforcement Directorate …

Karnataka HC directs Google India, executives to provide 50% of forex penalty in bank guarantees

The Karnataka High Court has directed Google India and three of its senior executives to deposit 50 per cent of the penalties imposed, for alleged Foreign Exchange Management Act (FEMA) violations, as bank guarantees. The Enforcement Directorate (ED) had …

Karnataka HC asks Google India to furnish 50% of FEMA penalties as bank guarantees

The Karnataka High Court directed Google India and three senior executives of the tech firm to furnish 50 per cent of the penalties imposed on them for alleged Foreign Exchange Management Act (FEMA) violations as bank guarantees.This comes after the …

Submit bank guarantees for 50% of Rs 5cr fine over violations: HC to Google

The Karnataka High Court has instructed Google India and its executives to provide bank guarantees covering 50% of the penalties levied for alleged FEMA violations. These penalties, totaling Rs 5.45 crore, stem from transactions involving distributor fees …

Karnataka High Court orders Google to give bank guarantee for 50% of Rs 5 crore fine in FEMA violations case

The ED submitted that GIPL has not obtained any approval from the Reserve Bank of India (RBI) or the government for availing a commercial loan in the form of supplier’s credit from its fellow subsidiary. Last Updated : 14 April 2025, 17:00 IST

20 Ukrainian exporters received ECA protection totaling UAH 3.15 billion

The Export Credit Agency (ECA) supported Ukrainian exports worth UAH 3.15 billion between January and March 2025, according to the Ministry of Economy’s press service. Insurance coverage from the agency was utilized by 20 exporting companies. "In the …

Need robust partnerships to revamp Mumbai’s housing stock: Sanjeev Jaiswal, CEO, MHADA

NEW DELHI: We need robust public-private partnerships to revamp Mumbai’s timeworn housing stock, said Sanjeev Jaiswal, vice president & CEO, MHADA. He was speaking at CREDAI-MCHI’s Ease of Doing Redevelopment (EODR) 2.0 held in Mumbai. "Mumbai’s …

NSIA to exit fertiliser programme after eight years

The Nigeria Sovereign Investment Authority has announced plans to withdraw from the Presidential Fertiliser Initiative. This marked the conclusion of an eight-year intervention that increased the number of operational blending plants from four in 2017 to …

Karnataka High Court instructs Google India to deposit 50% of penalty in FEMA case

The Karnataka High Court (HC) has asked Google India and three of its senior executives to provide a bank guarantee for half the amount of a penalty worth more than Rs 5 crore imposed by the Enforcement Directorate (ED). The penalty stems from allegations …

Petronas vs Petros: Court allows Putrajaya, S’wak govt to appear as amicus curiae

The adjournment was granted after senior federal counsel Ahmad Hanir Hambaly @ Arwi informed that he required 14 days to file his written submission on behalf of the federal government. KUCHING (April 16): The High Court here has allowed both the federal …

Down 84% in 2025 so far! Gensol Engg shares hit fresh lows post Sebi ban; here's what happened

Gensol Engineering Ltd shares are showing no signs of relief as the counter slumped 5 per cent in Wednesday's trade to hit a new one-year low of Rs 123.65, crashing 84 per cent on a year-to-date (YTD) basis. The latest beating for the stock came after …

Fresh auction for 48 liquor vends that lost allotment for not paying bank guarantee fee

K’taka HC Directs Google India To Deposit 50% Penalty For Flouting Forex Rules

SUMMARY The HC, in a judgement passed last month, directed the company and its three executives to deposit the penalties in the form of bank guarantees The ED has accused Google India of flouting forex provisions for undertaking two transactions worth INR …

After RMC plants, MPCB steps up action against automotive industry over water pollution

After taking action against ready mix concrete (RMC) plants for violating air pollution norms, the Maharashtra Pollution Control Board (MPCB) has now stepped up action against the automotive sector with at least five notices issued to automotive- …

Orissa High Court Issues Guidelines to Prevent Indefinite Retention of Seized Property

In a bid to modernize judicial efficiency and prevent prolonged detainment of confiscated assets, the Orissa High Court has issued comprehensive guidelines for courts and investigative agencies across the state. The move seeks to balance legal necessity …

Chase Checking Account Review

Business Insider's personal finance team compared Chase checking accounts to the best checking accounts and found them to be standard offerings. Chase checking accounts can offer good perks, such as interest, checking account bonuses, overdraft …

Need quick decisions to speed up implementation of highway projects: Nitin Gadkari

Union Minister Nitin Gadkari on Tuesday asked officials to take decisions swiftly to speed up the implementation of highway projects. Addressing the Annual National Highways Excellence Award Ceremony, the Road Transport and Highways Minister regretted that …

Balfour Capital Group Partners with Fundstream

Hedge Funds, Investments, Trading YVERDON-LES-BAINS, SWITZERLAND, April 16, 2025 /⁨EINPresswire.com⁩/ -- Balfour Capital Group Partners with Fundstream to Launch Institutional-Grade Real Estate Credit Investment for High-Net-Worth Individuals Balfour …

Pathfinder Wealth Consulting CEO Jason Wheeler Named to Forbes’ 2025 Best-in-State Wealth Advisors List

WILMINGTON, NC, UNITED STATES, April 16, 2025 /⁨EINPresswire.com⁩/ -- Pathfinder Wealth Consulting, an independent advisory and financial planning firm with offices in Wilmington and Cary, North Carolina, today announced that CEO and Wealth Advisor …

William H. Sadlier, Inc. Announces Dividend

Sadlier declares $1.50/share dividend, payable May 15, 2025, to shareholders of record as of April 23, 2025. A leader in K–12 educational publishing. William H. Sadlier, Inc. (NASDAQ:SADL) NEW YORK CITY, NY, UNITED STATES, April 16, 2025 /⁨ …

FactorEvo Group Holdings Launches Trucker Copilot: The All-In-One AI-Driven Freight Finance Platform

FactorEvo launches Trucker Copilot, an AI-driven mobile platform that streamlines freight finance, turning 3-day invoice workflows into 3-minute processes. WINTER GARDEN, FL, UNITED STATES, April 16, 2025 /⁨EINPresswire.com⁩/ -- FactorEvo Group …

Under the Patronage of Prince of Madinah Region, AlBaraka Symposium on Islamic Economics Kicks Off 45th Edition Tomorrow

A Leading Forum for Islamic Economic Thought for more than 4 Decades MADINA, SAUDI ARABIA, April 16, 2025 /⁨EINPresswire.com⁩/ -- Under the auspices and presence of his royal highness Prince Salman bin Sultan bin Abdulaziz, prince of Madinah …

Magnificent Mediterranean Villa on Gibson Island Heads to Auction with Concierge Auctions

Exceptional 14,000-Square-Foot Estate with Sweeping Chesapeake Bay Views to Auction in Cooperation with Sarah Kanne of Gibson Island Real Estate, Inc. NEW YORK, NY, UNITED STATES, April 16, 2025 /⁨EINPresswire.com⁩/ -- A rare opportunity awaits …

IBN Technologies Introduces Advanced Invoice Process Automation for Tennessee Businesses

Tennessee businesses streamline AP with IBN's Invoice Process Automation. Reduce costs, errors & processing time. MIAMI, FL, UNITED STATES, April 16, 2025 /⁨EINPresswire.com⁩/ -- Small and mid-sized businesses in Tennessee are under …

What Tax Network USA Complaints Really Mean in Case Management

At Tax Network USA, “complaints” mean IRS changes — not client issues — prompting swift compliance reviews and adaptive case strategies. ENCINO, CA, UNITED STATES, April 16, 2025 /⁨EINPresswire.com⁩/ -- Within Tax Network USA’s internal systems, …

From RAG to Bento Box: Raghu Para Redefines Enterprise AI with Strategic, Scalable Design 

Raghu Para introduces a scalable, design-first AI framework, turning complex RAG systems into streamlined enterprise solutions. NEW YORK, NY, UNITED STATES, April 16, 2025 /⁨EINPresswire.com⁩/ -- In a wide-ranging interview with AI Time Journal, …

Zuper Named an IDC Innovator for Field Service Management Applications

SEATTLE, WA, UNITED STATES, April 16, 2025 /⁨EINPresswire.com⁩/ -- Zuper, a leader in intelligent field service management solutions, has been named an IDC Innovator in the IDC Innovators: Field Service Management Applications, 2025 (doc # …

Generation Digital Expands into Canada to Power AI-Driven Collaboration and Productivity

Launching June 2025, Generation Digital brings AI-led collaboration tools to Canada, helping businesses boost productivity and performance. TORONTO, CANADA, April 16, 2025 /⁨EINPresswire.com⁩/ -- Generation Digital, the UK-based technology consultancy and …

ICCU and Stukent Announce Renewed Commitment to Expand Financial Literacy Across the West

ICCU and Stukent expand their partnership to bring free, hands-on financial literacy tools to 500K students across the western U.S. POCATELLO, ID, UNITED STATES, April 16, 2025 /⁨EINPresswire.com⁩/ -- ICCU and Stukent®, a leading edtech provider …

Mangrove Property Insurance Assumes Approximately 30,000 Policies From Citizens Property Insurance

Reflects an 86.4% Acceptance Rate of Policies Selected ST. PETERSBURG, FL, UNITED STATES, April 16, 2025 /⁨EINPresswire.com⁩/ -- Mangrove Property Insurance (Mangrove), one of Florida’s newest admitted homeowners insurance carriers, has …

Elphi Launches New Borrower Point of Sale, Enhancing Its End-to-End Mortgage Origination Platform

Elphi expands its proven LOS with a new Borrower POS - delivering private lenders a powerful, end-to-end platform to streamline loan origination. NEW YORK, NY, UNITED STATES, April 16, 2025 /⁨EINPresswire.com⁩/ -- Elphi, a leading mortgage loan …

From Advocacy to AI: What’s Powering the Next Era of CFIs—Live at EMERGE 2025

Eltropy’s annual conference, April 22-25, puts spotlight on contact center innovation, power of platform and new strides in AI technologies including AI Voice SANTA CLARA, CA, UNITED STATES, April 16, 2025 /⁨EINPresswire.com⁩/ -- Eltropy, the …

IBN Technologies Leads the Way in Maryland with Invoice Process Automation to Elevate Financial Efficiency

IBN Technologies streamlines financial operations in Maryland with advanced Invoice Process Automation solutions. MIAMI, FL, UNITED STATES, April 16, 2025 /⁨EINPresswire.com⁩/ -- Manual invoice processing remains a major obstacle for businesses …

IBN Technologies Revolutionizes Financial Operations with Cutting-Edge AR Automation Solutions in Pennsylvania

Simplify receivables across Pennsylvania with IBN Technologies, automate invoicing, accelerating collections, and power smarter financial operations. MIAMI, FL, UNITED STATES, April 16, 2025 /⁨EINPresswire.com⁩/ -- As market dynamics grow …

South Carolina Businesses Embrace Invoice Process Automation to Accelerate Financial Efficiency

IBN Technologies empowers South Carolina businesses with Invoice Process Automation, enhancing speed, accuracy, and efficiency. MIAMI, FL, UNITED STATES, April 16, 2025 /⁨EINPresswire.com⁩/ -- Small and mid-sized businesses in South Carolina are …

IBN Technologies Drives Digital Change in Indiana with Invoice Process Automation to Cut Costs and Boost Efficiency

Indiana businesses optimize accounts payable with IBN's Invoice Process Automation—cutting costs, minimizing errors, and speeding up processing. MIAMI, FL, UNITED STATES, April 16, 2025 /⁨EINPresswire.com⁩/ -- Small and mid-sized businesses in …

IBN Technologies Unveils Advanced AR Automation Solutions to Transform Financial Operations in Ohio

IBN Technologies introduces innovative AR automation solutions in Ohio to streamline finance operations and boost efficiency. MIAMI, FL, UNITED STATES, April 16, 2025 /⁨EINPresswire.com⁩/ -- In today’s fast-paced business environment, financial …