NEW DELHI: Fortis Healthcare on Saturday said the Supreme Court of India ordering a status quo on its deal with IHH Healthcare Berhad does not impact the company’s 31.1% stake sale to the Malaysian firm. However, this order could have a bearing on IHH’s proposed open offer to acquire additional 26% stake in Fortis. The […]
NEW DELHI: The Indian railways will give a discount of 25% on the extant haulage rate per Twenty Feet Equivalent Unit (TEU) on transport of empty containers as well empty flat container wagons in order to facilitate movement of containers by rail towards ports, a statement from the ministry said. It is expected to enhance […]
AHMEDABAD: Hindutva leader Pravin Togadia on Saturday blamed “wrong policies” of Narendra Modi government for farmers’ suicides in the country. Togadia, who has recently floated Antar-Rashtriya Hindu Parishad (AHP), Saturday took part in a 20-km march from Dehgam to Gandhinagar in support of the farmers. Several locals and farmers participated in the protest which was […]
By Iain Marlow NEW DELHI:Prime Minister of India Narendra Modi’s foreign trips and his government’s advertising blitz over the past four-and-a-half years have cost Indian taxpayers about Rs 6,590 crore ($920 million). The globe-trotting prime minister’s 84 foreign trips around the world cost roughly $280 million (about Rs 2,000 crore), while the government spent $640 […]
NEW DELHI: The Narendra Modi government on Saturday moved the Supreme Court of India seeking correction in the Rafale jet judgment where a reference has been made about the Comptroller and Auditor General (CAG) report and Parliament’s Public Accounts Committee (PAC) , saying “misinterpretation” of its note has “resulted in a controversy in the public domain”. […]
SYDNEY: Australia now recognises west Jerusalem as Israel’s capital, Prime Minister Scott Morrison said on Saturday, but a contentious embassy shift from Tel Aviv will not occur until a peace settlement is achieved. Canberra became one of just a few governments around the world to follow US President Donald Trump’s lead and recognise the contested […]
NEW DELHI: A day after the Supreme Court of India verdict on the Rafale deal, Public Accounts Committee chairman Mallikarjun Kharge said on Saturday he will request all members of the panel to summon the Attorney General and the CAG to ask them when was the public auditor’s report tabled in Parliament. The senior Congress […]
NEW DELHI: Bolstered by the Supreme Court of India verdict on the Rafale deal, the government on Friday ruled out the possibility of a Joint Parliamentary Committee probe into the contract and mounted a strident counter-attack on the Congress, saying the “deaf” will never hear an answer. At a joint press conference with Defence Minister […]
NEW DELHI:The Indian Railways will soon give hand-held terminals (HHTs) to its staff for computerised on-board ticket checking and allotment of vacant berths, the Railway Board has said in a circular. The HHTs were introduced in Patna Rajdhani from on Friday and will be rolled out on an all India basis soon, a railway ministry […]
NEW DELHI: The Dassault Aviation on Friday welcomed the Supreme Court of India’s ruling on the Rafale fighter jet deal, rejecting demands for any probe into the multi-billion dollar contract. “Dassault Aviation welcomes the decision of the Supreme Court of India rendered today dismissing all petitions filed on the Rafale Contract signed on September 23, […]
NEW DELHI: Notwithstanding the Supreme Court’s verdict on the Rafale deal, Congress president Rahul Gandhi on Friday maintained that there was massive corruption in the contract and wondered why the Comptroller and Auditor General of India (CAG) report “cited by the Supreme Court of India” on it had not yet been shared with the public […]
NEW DELHI: Finance minister Arun Jaitley on Friday said the government respects the autonomy and independence of the Reserve Bank of India (RBI) and raising credit and liquidity issues do not infringe on the central bank’s autonomy. “If the sovereign government is pointing out that there are credit and liquidity issues in the country, how […]
NEW DELHI: Debt-laden IL&FS group firms are selling high-end cars, office furniture, electrical appliances and other assets in a bid to raise funds. The Infrastructure Leasing & Financial Services (IL&FS) and its various group firms have invited bids to sell 36 luxury cars, including brands like Audi, BMW, Jaguar, Mercedes Benz, Land Rover, Honda, Toyota […]
NEW DELHI: India’s largest lender, State Bank of India (SBI), has ordered a forensic audit of Jet Airways’ books for the period between April 2014 and March 2018, according to sources. SBI, the lead banker to the airline’s over Rs 8,000 crore loans, has mandated EY to conduct the forensic audit of its books, which […]
NEW DELHI: India’s exports grew by 0.80% to $26.5 billion in November, according to commerce ministry data. Imports rose by 4.31% to $43.17 billion during the month, leading to widening of the trade deficit to $16.67 billion. The deficit widened despite a steep decline of 15.6% in gold imports to $2.75 billion during the month […]
BHUBANESWAR: The Odisha government has blamed high cost of cooking gas behind the tepid response of Pradhan Mantri Ujjwala Yojana (PMUY) in the state, a charge refuted by the Centre. PMUY is the flagship scheme of the Ministry of Petroleum & Natural Gas for providing LPG connections to women from Below Poverty Line (BPL) households. […]
