Three, including two former managers, convicted in ₹12.63 crore bank fraud case

Three, including two former managers, convicted in ₹12.63 crore bank fraud case

The Additional City Civil and Sessions Judge and Special Judge for CBI Cases on Friday convicted and sentenced three men, including two former branch managers of a nationalised bank, to one to three years of imprisonment and slapped a fine of ₹52 lakh in connection with a bank fraud case amounting to ₹12.63 crore. The … Read more

Dearth of facilities to keep captured tigers puts wildlife managers in Wayanad in a fix

Dearth of facilities to keep captured tigers puts wildlife managers in Wayanad in a fix

Forest officials setting up a cage in a coffee plantation to capture a tiger on the prowl in Panavally area under the North Wayanad Forest Division on Friday. | Photo Credit: Special Arrangement With big cats on the prowl in human habitats, Forest officials are frequently called upon to capture the animals. But the dearth … Read more

Explained | How a changing monsoon is challenging forecasters and disaster managers

Explained | How a changing monsoon is challenging forecasters and disaster managers

The story so far: With a delayed start for the southwest monsoon, which wreaked havoc in parts of the country when it finally arrived, discussions are rife on whether India will continue to see erratic monsoons in future as well. Catastrophic flooding events due to extremely intense spells of rainfall have become a norm in … Read more

Sebi amends rules for portfolio managers’ investments in ‘associates’

Sebi amends rules for portfolio managers’ investments in ‘associates’

Markets regulator Sebi on Friday said portfolio managers can invest a maximum of 30% of clients’ assets in the securities of their ‘associates‘ or related parties. This came after Sebi amended portfolio managers’ rules on Monday that mandated prudential limits on investments in associates and related parties of portfolio managers, the requirement of taking prior … Read more