Day: June 23, 2021

Enforcement Directorate transfers Rs 9,371 crore assets seized in Vijay Mallya, Nirav Modi and Mehul Choksi to Public Sector Banks

NEW DELHI: The Enforcement Directorate (ED) on Wednesday transferred seized assets worth Rs 9,371.17 crore in the cases related to Vijay Mallya, Nirav Modi, and Mehul Choksi, to Public Sector Banks (PSBs) and Central Government. Assets worth Rs 18,170.02 crore have so far been seized by the ED. “Enforcement Directorate (ED) not only seized assets […]

India’s second Covid-19 wave to impact infrastructure sectors, says Moody’s

NEW DELHI: India’s second coronavirus wave will affect its infrastructure sectors to varying degrees with power companies and ports better able to weather the impact of pandemic-induced disruptions compared with airports and toll roads, according to a new report by Moody’s Investors Service. Any further regional lockdowns will increase uncertainty over India’s economic recovery, said […]

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