Anil Agarwal changes his mind, says won’t invest in Jet Airways
NEW DELHI: In the second major setback to the lenders bid to revive the grounded Jet Airways by selling it out, billionaire businessman Anil Agarwal, a day after announcing interest in the airline, Monday said he is no longer interested to pursue the deal. With this, only two financial investors are left in the fray. […]
TMC leaders laundering black money through Durga Puja
NEW DELHI: Questioning West Bengal Chief Minister Mamata Banerjee’s criticism of IT notices served to Durga Puja committees, the BJP on Monday accused a section of TMC leaders of laundering the money, allegedly looted in chit fund scams, through the puja committees. Banerjee on Sunday had criticised the Centre for issuing income tax notices to […]
Finance Minister meets realtors, homebuyers; govt says will address issues ailing sector
NEW DELHI: The government of India on Sunday said it will soon address issues affecting the real estate sector after industry bodies and homebuyers met Finance Minister Nirmala Sitharaman to flag their concerns regarding liquidity crunch, demand slowdown and stalled projects. The finance minister on Sunday held two separate meetings — the first with the […]
IL&FS proposes to NCLT sale of its wind energy biz to Japan’s Orix
NEW DELHI: Embattled IL&FS group has proposed to the National Company Law Tribunal (NCLT) the sale of its wind energy business to Japan’s Orix Corporation which will help reduce the debt of the company by Rs 4,800 crore. Infrastructure Leasing and Financial Services (IL&FS) said in a statement it has filed the proposal to complete […]
DHFL seeks a Rs 15,000-crore lifeline as resolution plan gets delayed
NEW DELHI: Troubled mortgage lender Dewan Housing Finance (DHFL) has sought Rs 15,000 crore from banks immediately to pay its retail customers and project developers, said sources. The company last week submitted a draft resolution plan to lenders. “The money will be used to fund viable projects that are stuck due to lack of money,” […]
Flood toll in Karnataka rises to 31; Amit Shah to undertake aerial survey
NEW DELHI: Four more people have died in rain-related incidents in Karnataka, taking the toll to 31 on Sunday as the flood situation remained grim in the state. Union Home Minister Amit Shah will conduct an aerial survey of flood affected areas in Belagavi district and Chief Minister B S Yediyurappa will join him in […]
All RRTS stations to have platform screen doors
NEW DELHI: In a move to prevent suicides and other incidents, the National Capital Region Transport Corporation plans to install platform screen doors (PDS) at all upcoming stations of rapid rail transit corridors. The NCRTC, the executing agency of the Rail Rapid Transit System (RRTS), said the move would facilitate safe boarding and deboarding from […]
Are any descendants of Lord Ram still living in Ayodhya, asks Supreme Court
NEW DELHI: Curious to know whether anyone from the ‘Raghuvansha’ (descendants of Lord Ram) was still residing in Ayodhya, the Supreme Court Friday put this query to ‘Ram Lalla Virajman’, the deity and one of the parties in the politically sensitive Ram Janmabhoomi-Babri Masjid land dispute. A five-judge Constitution bench headed by Chief Justice Ranjan […]
Tata Motors, Mahindra cut production to align with tapering market demand
NEW DELHI: Home grown auto majors Tata Motors and Mahindra & Mahindra (M&M) are suspending automobile manufacturing in order to adjust production with market demand. M&M on Friday said it will be suspending production for 8-14 days in the ongoing quarter while Tata Motors also confirmed taking steps to align manufacturing with tapering demand. In […]
Petition in Supreme Court seeking removal of restrictions on media in Jammu and Kashmir
NEW DELHI: A petition was on Saturday filed by an editor of a prominent daily from Jammu and Kashmir (J&K) in the Supreme Court seeking removal of restrictions imposed on working of journalists in J&K after scrapping of provisions of Article 370. Anuradha Bhasin, Executive Editor of Kashmir Times, has sought directions for restoration of […]
National Conference moves Supreme Court against Presidential Order on Article 370
NEW DELHI: The National Conference mounted a legal challenge in the Supreme Court on Saturday to the changes made in the constitutional status of Jammu and Kashmir, contending that these have taken away rights of its citizens without their mandate. Arguing that the legislation approved by Parliament and the orders issued by the President subsequently […]
If all is well, why weren’t we allowed in Jammu and Kashmir: Left leaders question Modi government
NEW DELHI: The Left parties hit out at the Narendra government on Friday after CPI(M) general secretary Sitaram Yechury and CPI chief D Raja were barred from entering Kashmir, saying if the situation was normal, why the two leaders were stopped at the Srinagar airport. Speaking at a briefing here after being sent back, Yechury […]
Article 370: Pakistan suspends Delhi-Lahore bus service, two cross-border trains
NEW DELHI: Pakistan has suspended the Lahore-Delhi friendship bus service, after suspending two cross-border trains, in the wake of India’s decision revoking Jammu and Kashmir’s special status and bifurcating the state into two Union Territories, a senior Pakistani minister has said. The bus service was first started in February 1999 but suspended after the 2001 […]
Court issues NBW against Madhya Pradesh Chief Minister’s nephew Ratul Puri in VVIP chopper case
NEW DELHI: A Delhi court Friday issued non-bailable warrants (NBW) against businessman Ratul Puri, nephew of Madhya Pradesh Chief Minister Kamal Nath, in connection with a money laundering case related to the AgustaWestland chopper scam. Special Judge Arvind Kumar passed order, while noting ED’s submissions that Puri may try to tamper with evidence and influence […]
Forex reserves by $697 million due to fall in currency assets
NEW DELHI: The country’s foreign exchange reserves declined by USD 697.2 million to USD 428.952 billion in the week to August 2, due to fall in foreign currency assets, the latest weekly RBI data showed. In the previous reporting week, the reserves had declined by USD 727.1 million to USD 429.649 billion. The reserves had […]
Air India to launch direct Khajurao-New Delhi flight
NEW DELHI: Disinvestment-bound national carrier Air India plans to connect directly international tourist destination Khajurao with a daily flight from New Delhi, starting October. At present, the airline operates services to the temple town in Madhya Pradesh via Varanasi and Agra three times a week. “We will be rescheduling the existing Khajuraho flight from October […]