India appoints Krishnamurthy Subramanian as Chief Economic Adviser

NEW DELHI: The government of India on Friday appointed ISB Hyderabad professor Krishnamurthy Subramanian as Chief Economic Adviser for a period of three years. The post of CEA had been lying vacant since Arvind Subramanaian left the finance ministry after a four-year stint earlier this year. “The Appointments Committee of the Cabinet (ACC) has approved […]

NPCCL to develop residential quarters for officials of Central Board of Indirect Taxes and Customs

NEW DELHI: The National Projects Construction Corporation Limited (NPCCL) is constructing 256 residential quarters for officials of Central Board of Indirect Taxes and Customs in Sector 9 in Delhi’s Dwarka. The residential project costing Rs 211 crore will be completed within 34 months. The department of revenue got the land measuring 17832 square meters for […]

Amrapali case: Supreme Court orders attachment of group’s 5-star hotel, malls, factories

NEW DELHI: Continuing its crackdown on the embattled Amrapali Group, the Supreme Court of India on Wednesday ordered attachment and sale of the realty firm’s five-star hotel, cinema hall, malls and factories across India, calling it “a worst kind of cheater” and “a perfect liar” for not complying with the court’s direction. The top court […]

Lalit Kumar Chandel appointed government nominee on ICICI Bank board

NEW DELHI: The government of India has appointed Lalit Kumar Chandel, economic advisor in the Department of Financial Services, as its nominee on the board of ICICI Bank with effect from 4 December, the lender said on Wednesday. Chandel has been nominated as the government nominee director in place of Lok Ranjan, as per the […]

Christian Michel sent to 5-day CBI custody by court in VVIP chopper case

NEW DELHI: Christian Michel, the alleged middleman who has been chargesheeted in the Rs 36-billion AgustaWestland VVIP chopper deal, was Wednesday produced before a Delhi court which allowed his five-day custodial interrogation by the CBI. He will again be produced in the court on December 10. Michel, who is a citizen of United Kingdom, was […]

AgustaWestland scam: UK seeks information from India on Christian Michel extradition

NEW DELHI: The UK government on Wednesday said it has sought urgent information from India on the circumstances surrounding the detention and extradition of Christian Michel, the alleged middleman in the Rs 3,600-crore AgustaWestland VVIP chopper scam case, who is facing allegations of bribery. The businessman, a British national, was arrested in the UAE and […]

L&T construction wins orders valued Rs 4562 crore

NEW DELHI: Larsen & Toubro (L&T) said its construction arm has bagged orders worth  Rs 2106 crore across various business segments in the domestic market. Water and Effluent Treatment Business: The business has secured orders worth Rs 1954 Crore. A Design & Build order has been received from the Andhra Pradesh Capital Region Development Authority (AP CRDA) […]

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