Boycott of bookings by hotels will invite legal action: OYO
NEW DELHI: Hospitality firm OYO on Thursday said it would take strict legal action for breach of contract against any hotel on its platform that boycotts bookings under the influence of small vested interest groups. Most of the boycott threats are being made by small groups of people who have no property associated with OYO, […]
Consular access granted to Christian Michel: MEA
NEW DELHI: India has granted consular access to Christian Michel, a British national who was brought here from the UAE last month in connection with the Rs 3,600-crore AgustaWestland chopper deal scam. The British High Commission had sought consular access to Michel after he was arrested in the first week of December. “Consular access has […]
Former CBI chief Alok Verma resigns from service
NEW DELHI: Former CBI chief Alok Verma submitted his resignation from service on Friday, a day after he was removed from his post by a high powered committee. Verma said in his resignation letter, accessed by PTI, that it was a moment of “collective introspection”. “Also, it may be noted that the undersigned already superannuated […]
North-South corridor of Lucknow metro to become operational by February
LUCKNOW: The Lucknow Metro on Wednesday successfully completed a trial run on the remaining section of its North-South corridor and it is likely to become operational by February, two months ahead of the April deadline. “We today completed the successful trial run of the remaining section of the North-South corridor. The work is likely to […]
Bombay High Court restrains SEBI from auctioning Pancard Clubs’ properties
MUMBAI: The Bombay High Court in an interim order on Wednesday restrained the Securities and Exchange Board of India (SEBI) from auctioning off private properties of the Pancard Clubs, a company. A bench of justices B P Dharmadhikari and Revati Mohite-Dere also directed the SEBI to file its reply to a petition filed by the […]
Punjab and Haryana High Court stays Dhingra Commission report on Gurugram land scam
NEW DELHI: In a relief to former Haryana Chief Minister and senior Congress leader Bhupinder Singh Hooda, the Punjab and Haryana High Court on Thursday stayed the report of the Justice Dhingra Commission of Inquiry into the land scam in Gurugram. A division bench, which saw the sealed copy of the report, said that the Commission’s […]
Arvind SmartSpaces to invest Rs 250 crore in 2019
MUMBAI: Arvind SmartSpaces, the realty arm of fashion and apparel brand Arvind, on Thursday said it plans to invest Rs 250 crore this year for acquiring and developing new projects across the country. The company is also exploring and evaluating other markets such as Hyderabad for potential opportunities, its CEO and managing director Kamal Singal […]
Audi India sales decline 18% to 6,463 units in 2018
NEW DELHI: German luxury car maker Audi reported an 18% decline in total sales in India to 6,463 units during 2018, hit by closure of its largest dealership in the country besides phase-out of some of the models during the year. The company had sold 7,876 units in the country in 2017. “We at Audi […]
Alok Verma shunted out as CBI chief
NEW DELHI: Alok Verma was shunted out as the CBI chief after a marathon meeting of high-powered selection committee led by Prime Minister Narendra Modi on Thursday, officials said. Verma, a 1979-batch AGMUT cadre IPS officer, has been removed from the high-profile post on the charges of corruption and dereliction of duty making him the […]
Amaravati Development Partners commences development of the Welcome Gallery
NEW DELHI: Amaravati Development Partners (ADP), the joint venture between Singapore Amaravati Investment Holdings (SAIH) and Amaravati Development Corporation, have announced that it will commence development of an exhibition-cum-community centre called the “Welcome Gallery” within the Amaravati Capital City Start-Up Area in the state of Andhra Pradesh, India. SAIH is a wholly-owned joint venture company […]
Narendra Modi inaugurates Rs. 2900 crore projects in Agra
NEW DELHI: Giving a major push to develop and enhance Tourism infrastructure in Agra, the Prime Minister Narendra Modi launched a series of development projects worth Rs. 2900 crore for the Agra city and the adjoining areas. The Prime Minister dedicated to the nation, Gangajal project, which will provide Agra with better and more assured […]
Government eyes about Rs 7,000 crore from Air India sale
NEW DELHI: The government of India is eyeing around $1 billion (about Rs 7,000 crore) from the sale of national carrier Air India in the next financial year, a government official said. The government will initiate the process of strategic disinvestment of Air India in the second half of 2019-20 and in between it would […]
IRCTC offering free Rs 50 lakh travel insurance with flight ticket
NEW DELHI: Air passengers can now avail free-of-cost travel insurance of Rs 50 lakh if they book their tickets through the IRCTC, the catering and tourism arm of the railways, an official statement said. This facility will be available for passengers irrespective of the class of tickets and for both domestic and international flights. The […]
Alok Verma revokes transfer orders issued by Nageswara Rao
NEW DELHI: Hours after re-joining office after nearly two-and-half months, CBI Director Alok Verma on Wednesday revoked most of the transfer orders issued by agency’s interim chief M. Nageswara Rao. The Central Bureau of Investigation (CBI) Director’s order came a day after the Supreme Court reinstated him as the agency’s head, though with limited powers. […]
India’s GDP expected to grow at 7.3 per cent in 2018-19: World Bank
By Lalit K Jha WASHINGTON: India’s GDP is expected to grow at 7.3 per cent in the fiscal year 2018-19, and 7.5 per cent in the following two years, the World Bank has forecast, attributing it to an upswing in consumption and investment. The bank said India will continue to be the fastest growing major […]
Alok Verma resumes office after 77-day forced leave
NEW DELHI: CBI Director Alok Verma joined office on Wednesday, 77 days after he was sent on forced leave by the central government through a much-criticised late-night order on October 23, 2018, which was set aside by the Supreme Court of India. The October order sent Verma and his deputy Special Director Rakesh Asthana, booked […]