Category: NEWS

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 […]

Saya Homes to invest Rs 450 crore on high-street retail project in Greater Noida

NEW DELHI: Ghaziabad-based realty firm Saya Homes said it will invest RS 450 crore in its first retail project at Greater Noida. The project ‘Saya South X’ would be primarily a high street retail development on a total plot area of 12,000 square metre with a saleable area of 6.85 lakh sq ft, the Ghaziabad-based […]

Securitisation volumes at all-time high of Rs 1.44 trillion in April to December

NEW DELHI: The securitisation market volumes in the country touched a life-time high of Rs 1.44 trillion in the nine months of the current fiscal, with around Rs 78,000 crore generated in the third quarter, says a report. The securitisation market remained buoyant in the third quarter driven by the prevailing liquidity crisis, following defaults […]

India plans to sanction one crore houses before 2020

NEW DELHI: India’s Housing and Urban Affairs Ministry initiated several schemes in 2018 and plans to sanction construction of one crore houses before 2020 under the Pradhan Mantri Awas Yojana (urban), a move aimed at ensuring ‘housing for all by 2022’. The ministry is mandated to implement a number of flagship programmes – Swachh Bharat Mission, […]

Reliance, BP get key ship on KG-D6 for expediting gas output

NEW DELHI: Reliance Industries Limited (RIL) and its partner BP plc of the UK have brought a deepsea pipeline laying ship to their Bay of Bengal block KG-D6 to help bring newer gas finds to production by 2020-21, the British firm said. Reliance-BP are targeting to bring to production the R-Series and satellite fields in […]

IndiGo gets its first longer range A321neo plane

MUMBAI: Budget carrier IndiGo has become the first domestic airline to have longer range Airbus A321neo plane in its fleet with the first aircraft arriving Saturday morning in New Delhi from the European aviation major Airbus’ Hamburg facility in Germany, an airline source said. The maiden A321neo (new engine option), VT-IUA, landed at 9.06 am […]

Restrictions on foreign e-commerce companies to hit FDI in India: US industry body

WASHINGTON: Expressing concern over India tightening restrictions on foreign e-commerce companies operating in the country, leading American industry advocacy groups have said that such a move would have a long-term negative impact on the foreign direct investment as well as consumers. Earlier this week, the government announced changes to the foreign direct investment policy for […]

Navy divers get into rescue action at Meghalaya mine disaster site

SHILLONG: A group of Indian Navy divers arrived from Vishakhapatnam on Saturday to join operations underway to rescue 15 miners trapped in a flooded rat-hole coal mine in Meghalaya since December 13, a senior official said. The 15-member team, equipped with specialised diving equipment including a re-compression chamber and remotely operated vehicles capable of searching […]

Nirav Modi located in UK, British authorities inform India

NEW DELHI: British authorities have informed India that bank fraud fugitive Nirav Modi is living in the UK, the government has said. Replying to a question, Minister of State for External Affairs V.K. Singh told Rajya Sabha that National Central Bureau of Manchester conveyed to Indian agencies that their investigations have led to the location […]

Traffic soared on low fares as airlines bled on high fuel prices

NEW DELHI: Even as strong headwinds — soaring jet fuel prices and low yields — induced financial turbulence, the country’s civil aviation sector maintained robust traffic growth rate during 2018. The double-whammy of high fuel cost and low fares necessitated by extreme competition magnified as the rupee depreciated and interest-rates remained high. On an average, […]

Telugu film star Mahesh Babu’s bank accounts frozen over tax dues

NEW DELHI: The Goods and Services Tax  (GST) department on Thursday said it has attached the bank accounts of Telugu superstar Mahesh Babu to recover service tax dues from him. According to a press release issued by the Hyderabad GST Commissionarate, Mahesh Babu has not paid the Service Tax during 2007-08 for the taxable services he rendered […]

Inspection of six companies linked to ICICI Bank controversy at ‘advanced stage’: Report

NEW DELHI: The Corporate Affairs Ministry’s inspection of the books of six companies linked to the ICICI Bank controversy is at an “advanced stage”, according to a senior official. On April 23, the ministry ordered inspection of six companies, including NuPower Renewables. There are allegations of involvement of former ICICI Bank chief Chanda Kochhar and […]

Back To Top