Supreme Court pulls up Singh brothers, Fortis and Indiabulls for contempt

Supreme Court pulls up Singh brothers, Fortis and Indiabulls for contempt

Asks brothers to deposit Rs 2350 crore, Indiabulls to deposit value of 12.35 lakh sold shares. The Supreme Court (SC) has ordered former Fortis promoters, brothers Malvinder and Shivinder Singh to deposit up to  Rs 2350 crore within eight weeks, on Friday. The court held the Singh brothers, Fortis Healthcare Limited (FHL) and financial services […]

I-T department busts Rs 3,300-crore hawala racket involving infrastructure firms

I-T department busts Rs 3,300-crore hawala racket involving infrastructure firms

The raids to unearth the large tax evasion nexus were conducted in the first week of this month on 42 premises in Delhi, Mumbai, Hyderabad, Erode, Pune, Agra and Goa on a group of people indulging in issuing bogus bills and carrying on hawala tran. NEW DELHI: The CBDT (Central Board of Direct Taxes) on […]

Rafale verdict: Supreme Court dismisses pleas seeking review

Rafale verdict: Supreme Court dismisses pleas seeking review

“Truth triumphs. Truth can be bothered, but not defeated,” BJP spokesperson Shahnawaz Hussain said. The Supreme Court has dismissed pleas seeking review of its clean chit to Centre in Rafale deal. “We don’t feel necessary to order FIR or roving inquiry into Rafale deal case,” it said. The Supreme Court gave a clean chit to […]

Three scientists awarded 2019 Nobel Prize in Chemistry for development of lithium-ion batteries

Three scientists awarded 2019 Nobel Prize in Chemistry for development of lithium-ion batteries

The Nobel Prize in Chemistry was jointly awarded to John B Goodenough, M Stanley Whittingham and Akira Yoshino on Wednesday “for the development of lithium-ion batteries.” “The Nobel Prize in Chemistry 2019 rewards the development of the lithium-ion battery. This lightweight, rechargeable and powerful battery are now used in everything from mobile phones to laptops […]

Ethiopian PM Abiy Ahmed wins 2019 Nobel Peace Prize

Ethiopian PM Abiy Ahmed wins 2019 Nobel Peace Prize

Ethiopian Prime Minister Abiy Ahmed won the 2019 Nobel Peace Prize on Friday for his peacemaking efforts with Eritrea. Ethiopia and Eritrea, longtime foes who fought a border war from 1998 to 2000, restored relations in July 2018 after years of hostility. The prize, worth nine million Swedish crowns, or around $900,000, will be presented […]

Xi assures Modi that Beijing is ready to take sincere action to reduce trade deficit

Xi assures Modi that Beijing is ready to take sincere action to reduce trade deficit

Chinese President Xi Jinping has assured Prime Minister Narendra Modi that Beijing is ready to take “sincere action” to reduce the trade deficit. Addressing the media following the conclusion of Mamallapuram Summit, Foreign Secretary Vijay Gokhale said, “The two leaders held a “good discussion” on trade. As you know this has been the issue which […]

SBI, Bank of Baroda squeeze micro-ATM transactions of other banks

SBI, Bank of Baroda squeeze micro-ATM transactions of other banks

BENGALURU: Public sector lenders State Bank of India (SBI) and Bank of Baroda (BoB) have limited the cash withdrawals of customers using micro-ATMs of other banks to just four times a month, in what could cause transactions undertaken through the Aadhaar-enabled Payment System (AePS) route to fall significantly. While BoB is allowing customers to do […]