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Thapar was arrested on August 3 under the Prevention of Money Laundering Act (PMLA) following searches conducted by the ED in Mumbai and Delhi.

ED arrests Avantha group promoter Gautam Thapar in Rs 515 crore money laundering case

“At Hyatt, our guests and colleagues are a top priority and we are working closely with the hotel’s owner to resolve this situation,” said Sunjae Sharma, the Vice President and Country Head- India.

'No money to pay salaries', Hyatt Regency closes 'temporarily' in Mumbai

In a big relief for Shree Jagannath Temple Administration (SJTA) and for devotees, Yes Bank today remitted Rs 397 crore (a principal amount of Rs 389 crore and Rs 8.23,27,636 crore in interest) to the SBI account of the Jagannath Temple Corpus Fund at the main branch in Puri.

Relief to Jagannath temple administration: Yes Bank remits Rs 397 cr of funds

Yes Bank on Wednesday said that its inward RTGS services have been enabled that will allow customers to make payments towards the bank's credit card dues and loan obligations from other bank accounts.

Capital-starved Yes Bank enables inward RTGS to receive payments

State Bank of India (SBI) had said it would need to invest up to Rs 2,450 crore to buy a 49 per cent stake in Yes Bank Ltd as part of the initial phase of a rescue deal for the troubled lender.

SBI needs to invest Rs 2,450 crore to buy 49% stake in Yes Bank amidst crisis

The financial position of Yes Bank has undergone a steady decline over the last few years because of its inability to raise capital to address potential loan losses and resultant downgrades, triggering invocation of bond covenants by investors, and withdrawal of deposits.

News

ED arrests Avantha group promoter Gautam Thapar in Rs 515 crore money laundering case

'No money to pay salaries', Hyatt Regency closes 'temporarily' in Mumbai

Relief to Jagannath temple administration: Yes Bank remits Rs 397 cr of funds

Capital-starved Yes Bank enables inward RTGS to receive payments

SBI needs to invest Rs 2,450 crore to buy 49% stake in Yes Bank amidst crisis

What now for account holders after Yes Bank crash