MUMBAI: A special court on Wednesday gave diamond jeweller Mehul Choksi, a key accused in the PNB bank fraud case, time till 30 October to file his reply to an Enforcement Directorate (ED) plea seeking to declare him a “fugitive” under a new law. Earlier, the Special Prevention of Money Laundering Act (PMLA) court had […]
NEW DELHI: In continuation of the disinvestment policy of the government, the Cabinet Committee on Economic Affairs on Wednesday approved handing over of two India Tourism Development Corporation (ITDC) hotels in Jammu and Kashmir and Bihar to the respective state government, according to a statement. Incomplete project of Hotel Gulmarg Ashok in Gulmarg will be […]
MUMBAI: Shares of Jet Airways tumbled nearly 5% on Thursday as the company delayed part payment of August salaries to pilots and senior management personnel. Also, the decision to impose 5% customs duty on ATF also hit sentiment. On Wednesday, the government raised import duties on ATF and 18 other items with an aim to […]
MUMBAI: Private sector lender Yes Bank on Thursday said it has not indulged in any window dressing of its corporate accounts to conceal non-performing assets (NPAs). The bank had reported a gross and net NPA of 1.3% and 0.59% respectively as on 30 June 2018. The bank said the NPA figures are “among the finest […]
GUWAHATI: Assam Government has signed 209 memorandum of understandings (MoUs) with various industrialists or companies during the Global Investors Summit-2018 here with expectations to get an investment of Rs 79,000 crore, the assembly was informed on Thursday. Besides, Ambani, Tata, Adani, the Inland Waterways Authority of India, the Airports Authority of India and others have […]
Lalit K Jha, PTI WASHINGTON: From Monday, the United States of America (USA) would start implementing a new rule which allows initiation of deportation process of people whose legal status to stay in America has expired for reasons such as denial of visa extension application or change in status, officials said. However in a relief […]
MUMBAI: International Finance Corp.-backed electrical goods maker Polycab will soon file its draft prospectus for an initial public offering (IPO), said two people aware of the development. The IPO will provide an exit route to its existing investors, they added. According to one of the people cited above, the company will pitch for the IPO […]
NEW DELHI: BNP Paribas Arbitrage Fund on Wednesday bought shares of Dewan Housing Finance Ltd (DHFL) worth over Rs 153 crore through open market transactions. Besides, one Mridul Singhania bought DHFL scrips worth Rs 50 crore. According to bulk deal data available with NSE, BNP Paribas Arbitrage purchased 51,45,821 shares of the housing finance firm […]
NEW DELHI: As part of its initiative to support sustainable livelihood for farmers in India, the Walmart Foundation on Thursday announced investment of Rs 180 crore over the next five years in the country. “The Walmart Foundation, working beyond the Walmart India supply chain, will invest approximately Rs 180 crore ($ 25 million) to improve […]
NEW DELHI: With the government imposing customs duty on aviation turbine fuel (ATF), airlines are likely to pass on higher costs to passengers as peak travel season is round the corner. Rising fuel prices, intense competition and inability to pass on spiralling expenses have been negatively impacting the domestic airlines. The latest decision to impose 5 […]
NEW DELHI: The Supreme Court of India on Wednesday brought out the list of services for which biometric ID Aadhaar needs to be mandatorily linked, and the ones for which it is not required. SERVICES REQUIRING AADHAAR LINKING: * It is mandatory to link PAN with Aadhaar. * Aadhaar is compulsory for filing Income Tax […]
NEW DELHI: The government of India has approved Rs 8,606 crore for 60 projects being implemented under the umbrella scheme of Border Infrastructure and Management (BIM) to meet special development needs of people living in those areas, officials said on Wednesday. The projects are being implemented in 17 states having the international borders with Pakistan, […]
NEW DELHI: The Supreme Court of India on Wednesday declared the Centre’s flagship Aadhaar scheme as constitutionally valid but struck down some of its provisions including its linking with bank accounts, mobile phones and school admissions. A five-judge constitution bench headed by Chief Justice Dipak Misra held that while Aadhaar would remain mandatory for filing […]
NEW DELHI: The Union Cabinet, chaired by the Prime Minister of India Narendra Modi has approvedthe National Digital Communications Policy-2018 (NDCP-2018) andre-designation of the Telecom Commission as the “Digital Communications Commission”. TheNDCP-2018 envisions supporting India’s transition to a digitally empowered economy and society by fulfilling the information and Communications needs of citizens and enterprises by […]
NEW DELHI: Canadian-based Federal Association for the Advancement of Visible Minorities (FAAVM) said that it has appointed Anca Verma as ambassador for Children and Youth to Middle East and India. Mrs Verma is the Chairperson of ‘Olialia World’ which is a US$ 2 billion multinational FMCG corporation with interests in infrastructure, hospitality, aviation and financial services […]
NEW DELHI: India’s economy continues on a robust growth path, the Asian Development Bank (ADB) said Wednesday while maintaining the growth forecast for the current fiscal at 7.3 per cent. However, depreciation of the rupee and volatile external financial markets pose challenges, the multilateral lending agency added, in an update of its flagship annual economic […]
