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Over Rs 9,500 crore can be recovered from Amrapali: Forensic auditors to Supreme Court

NEW DELHI: Forensic auditors on Thursday told the Supreme Court that Rs 9,590 crore could be recovered from the embattled Amrapali group, which had diverted Rs 3,523 crore of home buyers’ money. Of the money diverted, as much as Rs 455 crore could be recovered from persons, including directors of the realty firm, their family […]

25 US lawmakers urge Trump admin not to cancel GSP trade benefits to India

WASHINGTON: A group of 25 influential American lawmakers has urged the US Trade Representative not to terminate the GSP programme with India after the expiry of the 60-day notice on Friday, saying the country’s companies seeking to expand their exports to India could be affected. The Generalized System of Preference (GSP) is the largest and […]

MEA will help textiles ministry to promote silk in global markets

NEW DELHI: External Affairs Minister Sushma Swaraj on Saturday assured that the textiles ministry to provide all support for promoting silk in global markets. Swaraj said that silk is a strong commodity and there is huge demand for it in the international markets. “I assure you that the ministry of external affairs will become a […]

India mulling farm package ahead of 2019 general polls

NEW DELHI: Under attack for the agrarian crisis, the government is contemplating several incentives, including a big financial package, to woo farmers ahead of the 2019 Lok Sabha elections, according to sources. The government’s likely announcement of incentives to boost rural income will come following feedback given by BJP leaders and MPs, besides other stakeholders, […]

Indigo signs codeshare agreement with Turkish Airlines

NEW DELHI: To expand its international footprint, IndiGo announced Friday that it has entered into its first codeshare agreement with Turkish Airlines, allowing either of the airlines to book seats for its passengers on each other’s flight. Moreover, Indigo — which is the largest airline in India by market share — also signed a “mutual […]

Reliance Industries to buy majority stakes in Den Networks, Hathway Cable for Rs 5,230 crore

NEW DELHI: Mukesh Ambani-helmed Reliance Industries on Wednesday said it will buy majority stakes in Den Networks Ltd and Hathway Cable and Datacom Ltd for Rs 5,230 crore. The company has announced the following strategic investments: a) Primary investment of Rs. 2,045 crore through a preferential issue under SEBI regulations and secondary purchase of Rs. […]

Bids invited for debt-ridden Videocon under insolvency resolution process

NEW DELHI: Resolution professional of debt-ridden Videocon Industries on Tuesday invited bids from prospective buyers to take control of the firm, which has interest ranging from consumer electronics to oil and gas. The corporate insolvency resolution process (CIRP) of Videocon Industries Ltd (VIL), which has debt of around RS 20,000 crore, was commenced under the […]

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