Kapoor | Common News Update

Jul212020 by adminNo Comments

PMLA court refuses bail to Yes Bank founder Rana Kapoor in multi-crore fraud case

Finance

A PMLA court here on Tuesday rejected the bail plea of Yes Bank founder Rana Kapoor, arrested by the Enforcement Directorate in connection with an alleged multi-crore fraud at the bank. Kapoor had sought bail on merits of the case. His lawyers submitted that the investigation in the case was completed, hence there was no reason to keep keep him in jail. Also, most of the evidence was documentary in nature and cannot be tampered by the accused, they added. However, special judge P P Rajvaidya rejected Kapoor's plea. The banker, currently in judicial custody, was arrested in March under provisions of the Prevention of Money Laundering Act (PMLA). The Enforcement Directorate (ED) is primarily investigating Kapoor, his wife and three daughters over Rs 600 crore received by a firm allegedly...

Apr302020 by adminNo Comments

Bollywood icon Rishi Kapoor dies from leukaemia aged 67

World

Bollywood is mourning its second loss in as many days after the death of leading Indian actor Rishi Kapoor at the age of 67.Kapoor, part of one of Bollywood's most famous families, was admitted to hospital in Mumbai on Wednesday and died on Thursday. He had returned to India last September after undergoing treatment for leukaemia in the US for almost a year, and was admitted to hospital twice in February. Image: Kapoor (L) and Amitabh Bachchan promoting a film in 2018 Bollywood star Amitabh Bachchan tweeted: "Rishi Kapoor gone….Just passed away… I am destroyed."Kapoor's father Raj and grandfather Prithviraj were doyens of Bollywood, the vast Hindi-language film industry based in Mumbai. ...

Nov282018 by adminNo Comments

Rana Kapoor hold companies get Rs 700 crore to avoid covenant breach

Finance

MUMBAI: Yes Capital and Morgan Credits, the holding companies for Yes Bank co-founder Rana Kapoor family, stumped up at least about Rs. 700 crores in cash collateral in recent days to Franklin Templeton Mutual Fund and Reliance Mutual Fund to avoid breach of covenants in Non-Convertible Debentures, said two people familiar with the matter. The Rs. 630 crore bonds held in about five schemes of Franklin Templeton Mutual Fund was about to break or already broke the minimum 3 times the cover stipulated in the transaction agreement that led to the top-up of collateral, said those people who did not want to be identified. Covenants suggest that the value of Yes Bank shares be at least Rs. 1,890 crores, according to transaction summary provided by Templeton. The value of 7.56 crore shares as a se...

Nov202018 by adminNo Comments

Yes Bank's Rana Kapoor in talks with Madhu Kapur for truce

Finance

MUMBAI: Yes Bank's managing director and chief executive Rana Kapoor Tuesday said he is in talks with co-promoter Madhu Kapur to reach a truce. The confirmation on the speculation comes three months ahead of the January 31, 2019 deadline by which Kapoor is supposed to leave office as per an order of RBI curtailing his tenure. "...efforts are underway for mutual resolution with Madhu Kapur and family, the Co-promoter of the Bank. This is intended to ensure better support and coordination by the two promoter groups with the Board of Directors of the Bank," the bank said in a late evening statement. It can be noted that following the RBI orders curtailing Kapoor's term, there were reports saying he is trying to reach a truce with Kapur, which can give the promoter group owning over 20 per ...

Apr162018 by adminNo Comments

Rana Kapoor felicitated with 'India Talent Management Award 2018'

Finance

Recently a popular business news TV channel felicitated the persistent efforts of Rana Kapoor, MD & CEO, YES BANK towards fostering an entrepreneurial spirit and best practices at one of India's fastest growing banks. The 'India Talent Management Award' recognizedthe innovative strategy of the Bank to enhance the capability, capacity and confidence of the employees - to put them a step ahead in tomorrow's workplace and economy.The visionary leader strongly believes in empowering young Talent and as a CEO, he likes to play the role of Chief Mentor for bright young talent, handpicked to take up challenges and transform into future leaders. "Our comprehensive 'Leadership Development' approach ensures that there is suitable, customised intervention to massively multiply Leadership Capabili...