CBI questions former ABG Shipyard CMD Rishi Agarwal: Report
NEW DELHI: The CBI has questioned former chairman and managing director of ABG Shipyard Ltd Rishi Agarwal in connection with its probe into the Rs 22,848 crore alleged banking fraud, the biggest such case registered by the central agency, officials said Thursday. Agarwal was examined recently, the officials said without giving details of exact date […]
Realty firms afflicted with low returns shouldn’t get listed: Rakesh Jhunjhunwala
NEW DELHI: Ace investor Rakesh Jhunjunwala on Thursday said real estate developers are afflicted with very low return on capital as compared to bluechip stocks. Jhunjunwala, who runs RARE Enterprises and is set to be a major shareholder in an upcoming airliner, said only the affordable housing developers can look at listing because of the […]
Nitin Gadkari lays foundation stone of 51 NH projects worth Rs 21,599 crore in Andhra Pradesh
NEW DELHI: Union Minister for Road Transport and Highways Nitin Gadkari today inaugurated and laid Foundation Stone of 51 National Highway Projects of total length 1380 Km with an investment of Rs. 21,559 crore in Vijaywada, Andhra Pradesh. Speaking on the occasion, Gadkari said under the leadership of Prime Minister Narendra Modi we are committed […]
India wants Tesla to buy $500 million local auto parts for tax break: Report
NEW DELHI: Tesla Inc. would need to commit to sourcing at least $500 million of auto components from India for the electric carmaker’s request for an import tax cut on its vehicles to be considered, a person familiar with the government’s thinking said. While it could start at a lower base, Tesla would need to […]