ECONOMY & NATION


IANS 25 September 2023
The Enforcement Directorate (ED) on Monday said that it has attached 39.83 per cent share of 4.79 acre land forming parts of the township Uniworld City, Nallambakkam in Chennai in a case involving the Unitech Group.   "The value of the land attached is worth Rs 125.06 crore. Total...

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IANS 25 September 2023
Global chip manufacturers have realised India’s potential and US-based Micron Technology breaking grounds for its Rs 22,500 crore facility here will set a benchmark for our semiconductor journey, Union IT and Railways Minister Ashwini Vaishnaw told IANS on Saturday.   Saying that the...

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IANS 25 September 2023
Air Akasa clarified that its plea in court is not directed against the DGCA or the Ministry of Civil Aviation but seeks an urgent interpretation and clarification of the interim order issued in 2018 on mandatory notice period requirements for pilots.   "A small set of pilots abandoned...

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IANS 22 September 2023
The Supreme Court on Friday directed SpiceJet Chairman and Managing Director Ajay Singh to pay $1 million every month to the global investment bank and financial services firm Credit Suisse for a period of the next six months.   A bench of Justices Vikram Nath and Ahsanuddin Amanullah...

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Moneylife Digital Team 22 September 2023
In a major development, JP Morgan Chase & Co has decided to include Indian government bonds in its global diversified index-emerging markets (GBI-EM GD) from June 2024 which will, likely, attract more foreign flows into the domestic debt market.    In a release, JP Morgan says, "India...

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IANS 22 September 2023
The Income Tax Department on Friday conducted search operations at Lux Industries premises in Kolkata allegedly in connection with more than Rs 200 crore tax evasion.   A team also reached P.S. Srijan Tech Park in Kolkata.   Sources said search operations were ongoing at the...

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Malvinder Mohan Singh and his younger sibling Shivinder Mohan Singh are like the legendary asura brothers, Ilvala and Vatapi*!   The brothers have been accused of swindling and cheating in all the companies under their charge being, Ranbaxy, Fortis Hospitals and Religare...

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IANS 21 September 2023
India on Thursday said that Canada has not given any specific information about its allegations of New Delhi's hand in the killing of Khalistani terrorist Hardeep Singh Nijjar, and they appear to be "politically driven".   Addressing the media, Ministry of External Affairs...

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IANS 21 September 2023
India has suspended visa services for Canadians "till further notice" amid a massive international row over Canadian Prime Minister Justin Trudeau's claim that his government has intelligence linking New Delhi in the killing of Khalistani terrorist Hardeep Singh Nijjar.   A notice by...

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IANS 21 September 2023
With India warning its citizens to “exercise utmost caution” while in Canada amid escalation of the diplomatic row between the two countries, the families of students and permanent residents, particularly the Hindus and Hindu-Canadians residing in the north American nation, are concerned...

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IANS 21 September 2023
The Bombay High Court has rejected four petitions filed by absconding diamantaire Mehul Choksi challenging the ED’s move to declare him a fugitive economic offender.   Justice SV Kotwal delivered his verdict in Choksi’s plea here on Thursday, alleging procedural lapses and challenging...

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IANS 21 September 2023
The Bombay High Court has granted bail to one of the accused in the 2018 Bhima Koregaon-Elgaar Parishad conspiracy case, Mahesh Raut and granted the National Investigation Agency’s plea to stay it for a week.   A Division Bench comprising Justice AS Gadkari and Justice Sharmila...

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IANS 20 September 2023
A small set of pilots abandoned their duties and left without serving their mandatory contractual notice period, it forced a disruption of flights between July and September, necessitating last minute cancellations that stranded customers and caused inconvenience to the travelling public, the...

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IANS 20 September 2023
Late Geeta Mukherjee, the seven-time CPI Lok Sabha member from Panskura Constituency (now non-existent because of delimitation) from the then undivided Midnapore district of West Bengal, was the first member of Parliament (MP) to table a Private Member's Bill on the floor of the Parliament...

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IANS 20 September 2023
The enforcement directorate (ED) on Tuesday said that they have attached immovable properties, including non-agricultural lands and residential properties, worth Rs71.48 crore, situated in Mysore, Bengaluru, and Ananthpura (Andhra Pradesh), of Hindustan Infracon (India) Pvt Ltd in a fraud...

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IANS 20 September 2023
The Central Bureau of Investigation (CBI) has filed an FIR (first information report) against Mandhana Industries (now GB Global Ltd), a Mumbai-based firm, for allegedly committing a loan fraud of Rs975.08 crore.   The CBI had received a complaint that led to the filing of this FIR....

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Lisa Song (ProPublica) 20 September 2023
This story was originally published by ProPublica.   The plastic crisis has grown exponentially. Despite marketing claims, less than 10% of the plastic waste from recent decades has been recycled. The rest gets incinerated, is buried in landfills or piles up as litter on land and in...

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IANS 20 September 2023
One of China’s leading property developers, Sunac, has filed for bankruptcy protection in the United States, shortly after winning approval from its creditors to restructure nearly $10 billion worth of debt, a media report said.   The company has filed a petition for Chapter 15...

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IANS 18 September 2023
The Central Bureau of Investigation (CBI) has lodged an FIR of loan fraud of Rs 3,847.58 crore against Unity Infraprojects Ltd (UIL), a Mumbai-based firm, its CMD Kishore Avarsekar, and three directors of the company.    The CBI had received a complaint in this regard from the State...

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Moneylife Digital Team 18 September 2023
Charging Dhanlaxmi Bank Ltd's board of directors with unethical conduct, unilateral arrogation of power, lack of comprehension of issues and factionalism, independent director Sridhar Kalyanasundaram resigned just before the Bank's annual general meeting (AGM) on 30th September.   In...

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