Ratul Puri Named By CBI In Bank Fraud Case
NEW DELHI : Ratul Puri, nephew of Madhya Pradesh Chief Minister Kamal Nath and a former senior official of electronics manufacturer Moser Baer, has been named by the Central Bureau of Investigation (CBI) along with others in connection with a Rs. 354-crore bank fraud case, officials said on Sunday. Besides Mr Puri, the company best known for its CD More...
Biggest Foreign Investment: Mukesh Ambani On New Deal
MUMBAI: Billionaire Mukesh Ambani on Monday announced a partnership between his Reliance Industries’ telecom arm, Reliance Jio Infocomm, and Microsoft to “accelerate the digital transformation of our country”. As More...
I-T dept. attaches Ratul Puri’s Rs 300 crore Delhi bungalow
NEW DELHI : The Income Tax department has seized a Rs. 300-crore bungalow in Delhi under the anti-Benami law in its probe against Ratul Puri, nephew of Madhya Pradesh Chief Minister Kamal Nath. The tax department More...
Rs. 2,000-Crore Loan Proposal For Amaravati Project Drops
HYDERABAD : A proposed loan worth $300 million or about Rs. 2,000 crore for Andhra Pradesh’s new capital Amaravati has been dropped by the World Bank after the central government reportedly withdrew the More...
Days Before Presenting Her First Budget, Nirmala Sitharaman Meets Former PM Manmohan Singh
NEW DELHI :nion Finance Minister Nirmala Sitharaman met former Prime Minister Manmohan Singh at his residence in Delhi on Thursday, days before presenting the Union Budget. Sitharamn on July 5 will present her first More...
Halwa ceremony held at finance ministry, printing of budget documents starts
NEW DELHI : The Halwa Ceremony also marks the beginning of a “lock-in” of officials involved in making the budget, designed to maintain its secrecy. These officers and support staff, housed in the north More...
Clear indication of economy losing traction: RBI Governor
MUMBAI: Reserve Bank of India Governor Shaktikanta Das had, in the last Monetary Policy Committee (MPC) meeting, said that there is clear evidence of economic activity losing traction while giving the rationale More...
Independent directors on company boards will have to clear an exam
NEW DELHI : The government is planning to introduce a mandatory online certificate course followed by a test for them. Independent directors on company boards will soon have to clear an exam before they can be More...
RBI To Issue New Rs. 20 Notes
RBI To Issue New Rs 20 Notes: Here Are 10 Things To Know RBI’s new 20 rupee note: The new Rs. 20 note is greenish-yellow in colour. The Reserve Bank of India (RBI) on Friday announced that it will shortly More...
Home, auto loans set to be cheaper as RBI uts interest rates by 0.25%
MUMBAI : RBI Governor Shaktikanta Das cut the interest rate by 0.25 percent to 6.25 percent, a move that will lead to reduction of lending rate by banks leading to lower EMI for housing, car loan and corporate More...