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Mundhra Scandal
Haridas Mundhra (; died January 6, 2018) was a Calcutta-based stock speculator who was found guilty and imprisoned in the first big financial scandal of newly independent India in the 1950s. The ''Mundhra scandal'' exposed the nexus between the bureaucracy, stock market speculators and small rogue businessmen. It also brought to light rifts between the then Prime Minister Jawaharlal Nehru and his son-in-law Feroze Gandhi, and led to the resignation of India's then finance minister T. T. Krishnamachari. Life Born into a trading family with two younger brothers, Tulsi Das Mundhra and Manmohan Das Mundhra, Mundhra started life as a light-bulb salesman, and pyramided his holdings by "fast deals and stock juggling", buying shares of small companies and hiking their prices up through circular trading and rumour mongering into a Rs. 40 million (US$10 million) empire. However, by the mid-1950s, his business empire was unravelling, and he came to be known for his somewhat question ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kolkata
Kolkata, also known as Calcutta ( its official name until 2001), is the capital and largest city of the Indian state of West Bengal. It lies on the eastern bank of the Hooghly River, west of the border with Bangladesh. It is the primary financial and commercial centre of eastern and northeastern India. Kolkata is the seventh most populous city in India with an estimated city proper population of 4.5 million (0.45 crore) while its metropolitan region Kolkata Metropolitan Area is the third most populous metropolitan region of India with a metro population of over 15 million (1.5 crore). Kolkata is regarded by many sources as the cultural capital of India and a historically and culturally significant city in the historic region of Bengal.————— The three villages that predated Calcutta were ruled by the Nawab of Bengal under Mughal suzerainty. After the Nawab granted the East India Company a trading license in 1690, the area was developed by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sanjay Gandhi
Sanjay Gandhi (14 December 1946 – 23 June 1980) was an Indian politician. He was a member of the Lok Sabha and was the younger son of Indira Gandhi and Feroze Gandhi. During his lifetime, he was widely expected to succeed his mother as head of the Indian National Congress and Prime Minister of India, but following his death in a plane crash, his elder brother Rajiv became their mother's political heir and succeeded her as Prime Minister of India and President of the party after her assassination. His wife Maneka Gandhi and son Varun Gandhi are politicians in the Bharatiya Janata Party. Early life and education Gandhi was born in New Delhi, on 14 December 1946, as the younger son of Indira Gandhi and Feroze Gandhi. Like his elder brother Rajiv, Gandhi was educated at St. Columba's School, Delhi, Welham Boys' School, Dehra Dun and then at the Doon School, Dehra Dun. Gandhi was also educated at the Ecole D'Humanité, an international boarding school in Switzerland. G ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scandals In India
A scandal can be broadly defined as the strong social reactions of outrage, anger, or surprise, when accusations or rumours circulate or appear for some reason, regarding a person or persons who are perceived to have transgressed in some way a social norm. These reactions are usually noisy and may be conflicting, and they often have negative effects on the status and credibility of the persons or organizations involved. Society is scandalized when it becomes aware of breaches of moral norms or legal requirements, often when these have remained undiscovered or been concealed for some time. Such breaches have typically erupted from greed, lust, or the abuse of power. Scandals may be regarded as political, sexual, moral, literary, or artistic, but often spread from one realm into another. The basis of a scandal may be factual or false, or a combination of both. In contemporary times, exposure of a scandalous situation is often made by mass media. Contemporary media has ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indian Express
''The Indian Express'' is an English-language India, Indian daily newspaper founded in 1932 by P. Varadarajulu Naidu. It is headquartered in Noida, owned by the Indian Express Limited, ''Indian Express Group''. It was later taken over by Ramnath Goenka. In 1999, eight years after Goenka's death in 1991, the group was split between the family members. The southern editions took the name ''The New Indian Express'', while the northern editions, based in Mumbai, retained the original ''Indian Express'' name with ''The'' prefixed to the title. History In 1932, the ''Indian Express'' was started by an Ayurvedic doctor, P. Varadarajulu Naidu, at Chennai, being published by his Tamil Nadu press. Soon under financial difficulties, he sold the newspaper to Swaminathan Sadanand, the founder of ''The Free Press Journal'', a national news agency. In 1933, the ''Indian Express'' opened its second office in Madurai, launching the Tamil language, Tamil edition, ''Dinamani''. Sadanand introduce ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sudheendra Kulkarni
Sudheendra Kulkarni is an Indian politician and columnist. Education Kulkarni was educated at Jadhavji Anandji High School in Athani, Karnataka, Athani, a town in Belgaum district, Karnataka, India. He went on to study metallurgical engineering at the Indian Institute of Technology Bombay. Stint with BJP A former member of the Communist Party of India (Marxist), Kulkarni joined the Bharatiya Janata Party (BJP) in 1996. Of this ideological switch he said, "People like me were living in an illusory land. I realised very late in my life that the Marxist ideology is not suitable in India - in fact, I would say it is unsuitable for any corner of the world." As a member of the BJP, he was associated with the India Shining campaign and rode on the inaugural Delhi–Lahore Bus. He helped former Indian Prime Minister Atal Bihari Vajpayee write his speeches and in 2008 was acting as a strategist for Lal Krishna Advani, who had influenced his rise within the party. Kulkarni resigned ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bofors Scandal
The Bofors scandal was a major weapons-contract political scandal that occurred between India and Sweden during the 1980s and 1990s, initiated by Indian National Congress politicians and implicating the Indian prime minister, Rajiv Gandhi, and several other members of the Indian and Swedish governments. These politicians were accused of receiving kickbacks from Bofors AB, an arms manufacturer principally financed by the Wallenberg family's Skandinaviska Enskilda Banken, for winning a bid to supply to India the company's 155 mm field howitzer – the sale of 410 field howitzers, and a supply contract for almost twice that amount, totalling a US$1.4 billion deal. It was the biggest arms deal ever in Sweden, and money marked for development projects was diverted to secure this contract at any cost. The investigations revealed flouting of rules and bypassing of institutions. On 16 April 1987, a Swedish radio station broke a story, sourced from a whistleblower in the Swedis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abdul Karim Telgi
Abdul Karim Telgi (29 July 1961 – 23 October 2017) was an Indian counterfeiter. He earned money by printing counterfeit stamp paper in India, with the size of the scam estimated to be around . Early life Abdul Karim's mother was Shariefabee Ladsaab Telgi, and his father was an employee of Indian Railways. His father died while he was young. Abdul Karim paid for his education at Sarvodaya Vidyalaya Khanapur, an English medium school, by selling fruits and vegetables on trains. He later studied at Gogte College of Commerce, Belgaum. He completed his B.Com in 1984. Eventually, he moved to the Gulf, Saudi Arabia. Seven years later, he returned to India, where he began a counterfeiting career, originally focusing on fake passports. He started a business to export manpower to Saudi Arabia and opened a company, Arabian Metro Travels at New Marine Lines. He used to create several fake documents that would facilitate laborers' smooth passage at the airport even if their passport h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harshad Mehta
Harshad Shantilal Mehta (29 July 1954 – 31 December 2001) was an Indian stockbroker, businessman, and convicted fraudster. Mehta's involvement in the 1992 Indian securities scam (about ) led him to gain infamy for market manipulation. Of the 27 criminal charges brought against Mehta, he was only convicted of four, before his death (by sudden heart attack) at age 47 in 2001. It was alleged that Mehta engaged in a massive stock manipulation scheme financed by worthless bank receipts, which his firm brokered for "ready forward" transactions between banks. Mehta was convicted by the Bombay High Court and the Supreme Court of India for his part in a financial scandal valued at which took place on the Bombay Stock Exchange (BSE). The scandal exposed the loopholes in the Indian banking system and the Bombay Stock Exchange (BSE) transaction system, and consequently the SEBI introduced new rules to cover those loopholes. He was on trial for 9 years, until he died at the end of 200 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ICICI Bank
ICICI Bank Limited is an Indian multinational bank and financial services company headquartered in Mumbai with a registered office in Vadodara. It offers a wide range of banking and financial services for corporate and retail customers through various delivery channels and specialized subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management. ICICI Bank has a network of 6,613 branches and 16,120 ATMs across India. It also has a presence in 11 countries. The bank has subsidiaries in the United Kingdom and Canada; branches in United States, Singapore, Bahrain, Hong Kong, Qatar, Oman, Dubai International Finance Centre, China and South Africa; as well as representative offices in United Arab Emirates, Bangladesh, Malaysia and Indonesia. The company's UK subsidiary has also established branches in Belgium and Germany. The Reserve Bank of India (RBI) has identified the State Bank of India, HDFC Bank, and ICICI Bank as Domesti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hasmukhbhai Parekh
Hasmukh Thakordas Parekh (10 March 1911 – 18 November 1994) was an Indian financial entrepreneur, writer and philanthropist. He played a role in the development of Industrial Credit & Investment Corporation of India, now ICICI Bank, founded the Housing Development Finance Corporation, and in 1992 was awarded the Padma Bhushan for his contribution to the finance industry in India. The London School of Economics also conferred on him an honorary fellowship. Biography Hasmukh Thakordas Parekh was born to a Jain family in Surat, Gujarat. During his early life he lived in a chawl with his father, Thakurdas, and had to juggle a part-time job and studies with the London School of Economics. He subsequently worked as a lecturer at St. Xavier's College, Mumbai, for three years, and later began his financial career with the stock broking firm Harkisandass Lukhmidass. He joined ICICI as Deputy general manager in 1956, became chairman and managing director in 1972. He retired in 197 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Time (magazine)
''Time'' (stylized in all caps as ''TIME'') is an American news magazine based in New York City. It was published Weekly newspaper, weekly for nearly a century. Starting in March 2020, it transitioned to every other week. It was first published in New York City on March 3, 1923, and for many years it was run by its influential co-founder, Henry Luce. A European edition (''Time Europe'', formerly known as ''Time Atlantic'') is published in London and also covers the Middle East, Africa, and, since 2003, Latin America. An Asian edition (''Time Asia'') is based in Hong Kong. The South Pacific edition, which covers Australia, New Zealand, and the Pacific Islands, is based in Sydney. Since 2018, ''Time'' has been owned by Salesforce founder Marc Benioff, who acquired it from Meredith Corporation. Benioff currently publishes the magazine through the company Time USA, LLC. History 20th century ''Time'' has been based in New York City since its first issue published on March 3, 1923 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
