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Mehta used the ready forward deal and applied it to the Bank Receipts system of the Indian financial systems. This system was the most flawed system as the Janakiraman Committee restructured the entire Bank Receipts system after the 1992 scam. [11] Mehta used forged BR's to gain unsecured loans, and used several small banks to issue BRs on demand.
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 ₹ 30,000 crore (equivalent to ₹ 2.3 trillion or US$27 billion in 2023)) led him to gain infamy for market manipulation.
Whether your bank refunds money lost in a scam depends on several factors: the type of scam, how you sent the funds, the bank’s policies and if you authorized the transaction. Learn more in our ...
Kirloskar Brothers Ltd is also one of the first pump companies to have an all women operated and managed manufacturing plant at Coimbatore, Tamil Nadu. The company was one of the country's top ten wealth creators in 2007. [22] Kirloskar Brothers Ltd won the first "best of all" Rajiv Gandhi National Quality Award in 1992. [23]
The NSE co-location scam relates to the market manipulation at the National Stock Exchange of India, India's leading stock exchange.Allegedly select players obtained market price information ahead of the rest of the market, enabling them to front run the rest of the market, [1] [2] possibly breaching the NSE's purpose of demutualisation exchange governance and its robust transparency-based ...
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Kirloskar Brothers Limited (BSE: 500241 NSE: KIRLOSBROS) is a pump manufacturing company involved in engineering and manufacture of systems for fluid management. [1] Established in 1888 in Kirloskarvadi and incorporated in 1920, Kirloskar Brothers Limited is the flagship company of the $2.5 billion Kirloskar Group .
A look at the shareholders of Kirloskar Industries Limited (NSE:KIRLOSIND) can tell us which group is most powerful... Skip to main content. 24/7 Help. For premium support please call: 800-290 ...