18 PSBs hit by 2,480 cases of fraud of over Rs 31,000 crore in Q1: RTI
NEW DELHI: A total of 2,480 cases of fraud involving a huge sum of Rs 31,898.63 crore rattled 18 public sector banks in the first quarter of this fiscal, an RTI query has revealed. The country’s largest lender State Bank of India (SBI) remained the biggest prey to frauds with 38 per cent share, Neemuch-based […]
J&K’s ACB to probe illegal sale and construction of EWS flats
JAMMU: The Jammu and Kashmir (J&K) Anti-Corruption Bureau has launched a probe into the allegations of illegal sale and constructions of flats for Economically Weaker Sections at Sunjwan near here, an official said Friday. The inquiry was ordered on a complaint that the builder for ‘SAFA Valley flats’ had encroached upon the state land including […]
Canara Bank invites bids to sell 30% stake in Can Fin Homes
NEW DELHI: State-owned Canara Bank on Friday invited bids to sell 30 per cent stake in its housing finance subsidiary Can Fin Homes Ltd (CFHL). Bids have been invited through merchant bankers for sale of 3,99,30,365 equity shares of the face value of Rs 2 each, constituting 29.99 per cent, Canara Bank said in a […]
RIL seeks minimum $5.4 per unit for new natural gas find from KG-D6 block
NEW DELHI: Reliance Industries Limited (RIL) is seeking a minimum price of $5.4 per unit for the natural gas it plans to produce from newer fields in the Bay of Bengal block KG-D6 as it changed parameters to suit government policies. Reliance and its partner BP Plc of the UK have sought bids from potential […]
China plans to invest $1 billion in Pakistan development projects
ISLAMABAD: Yao Jing, the Ambassador of China to Pakistan, has announced that Beijing has planned to invest $1 billion in development projects in Islamabad. He made the announcement while addressing the Islamabad Women’s Chamber of Commerce and Industry (IWCCI) on Saturday, The Express Tribune reported. Besides this, he also said the pace of development projects […]
Maharashtra: 322 agitating gram sevaks relieved of duties
NEW DELHI: Around 322 gram sevaks (village level workers), who were on strike in Maharashtra’s Akola district over their various demands including pay hike, have been relieved of their duties, an official said on Sunday. The gram sevaks were agitating since August 22, paralysing work of the local administration and hampering the implementation of various […]
Naveen Jindal seeks raw material security for Odisha steel plants
NEW DELHI: Jindal Steel and Power Ltd (JSPL) Chairman Naveen Jindal on Saturday sought steps to provide raw material security and to reserve iron ore mines for companies which have set up steel plants in Odisha. In a meeting with top state government officials including Chief Secretary Asit Tripathy and Secretaries of Steel and Mines, […]
5G project will add $666 billion to Indian economy, help to create 6 crore direct and indirect jobs
NEW DELHI: 5G evolution will pave the way into an era of digitisation and and transform all areas of business and social landscapes said by Lt Gen Rajesh Pant, National Cyber Security Coordinator, PMO at CII Telecom Convergence held in Delhi today. He also said that Government is closely working with industry and will help […]
Escorts showcases India’s first hybrid concept tractor
NEW DELHI: At Esclusive 2019, Escorts’ annual innovation platform, India’s engineering conglomerate, Escorts Limited, announced India’s first Hybrid Concept Tractor powered by fuel and battery both. The company is launching this in the range of 70-75 HP which can be boosted up to 90 HP with the help of its hybridization feature. This unique ability […]
States to be key drivers of growth for making India $5 trillion economy: NITI
NEW DELHI: States will have to become key agents of growth to help achieve India’s target of becoming a $5 trillion economy, Niti Aayog Chief Executive Officer Amitabh Kant said on Saturday. Speaking at an event organised here by industry chamber PHDCCI, Kant said states have to work together and learn from each other to […]
NCLT approves Patanjali’s resolution plan for debt-ridden Ruchi Soya
NEW DELHI: The National Company Law Tribunal has approved the resolution plan submitted by Yoga guru Ramdev-led Patanjali for the debt-ridden Ruchi Soya. A two-member Mumbai NCLT bench, comprising Rajesh Sharma and V P Singh, approved the resolution plan after observing that all eventuality has been discussed by it. “It is also to be clarified […]
Noida admin, private partners plan 92-acre forest in Jewar, MoU inked
NEW DELHI: A 92-acre land along the Yamuna Expressway adjoining Delhi is set to be turned into a forest area with the Gautam Buddh Nagar administration roping in private partners for a massive afforestation programme, according to officials. A memorandum of understanding (MoU) was signed between the administration, Haldiram Education Society (HES) and Jaypee Infratech […]
NCLT approves JSW Steel’s Rs 19,700 crore bid for Bhushan Power & Steel
NEW DELHI: The National Company Law Tribunal (NCLT) today approved JSW Steel Ltd.’s $2.7 billion (Rs 19,700 cror) bid for Bhushan Power & Steel Ltd., the second major steel asset the mill has bagged under the nation’s new insolvency process. The NCLT approved the offer while stating that profits made by Bhushan Power during the […]
Reliance launches JioFiber
NEW DELHI: Jio, the world’s largest mobile data network, has today announced the commencement of JioFiber, its Fiber to the Home service, across 1,600 cities in India. With JioFiber, Jio continues to deliver on its promise of connecting the unconnected while bringing about transformational changes to Indian homes, that it started with its mobility service […]
New Maharashtra Governor Bhagat Singh Koshyari takes oath in Marathi
MUMBAI: New Maharashtra Governor Bhagat Singh Koshyari, a former Chief Minister of Uttarakhand, took oath in Marathi at his swearing-in ceremony here on Thursday. Chief Justice of the Bombay High Court Justice Pradeep Nandrajog administered the oath of office to Koshyari at the sea-facing Raj Bhavan here in South Mumbai. In a surprise to all […]
Chidambaram sent to Tihar jail in INX Media corruption case
By Pawan Kumar Singh and Udayan Kishor NEW DELHI: Veteran Congress leader and former finance minister P Chidambaram was sent to Tihar jail Thursday by a Delhi court where he will spend 14 days in judicial custody in connection with the INX Media corruption case. Special Judge Ajay Kumar Kuhar sent him to judicial custody […]