New Delhi: In a major action against Yes Bank founder Rana Kapoor, the Enforcement Directorate (ED) on Friday said that it has attached his properties in London valued at Rs 127 crore in London, officials said. An ED official said that the agency has attached one residential flat belonging to Rana Kapoor and having address Apartment […]
Category: Business
Net direct tax collection declines 31% in Apr-Aug FY21
New Delhi: The net direct tax collection in April-August period of the current fiscal was 31.1 per cent lower on year-on-year (YoY) basis at over Rs 1.92 lakh crore, according to data provided by Minister of State for Finance Anurag Thakur in Lok Sabha. During the same period of the last financial year, 2018-19, the net […]
Relief for Anil Ambani as SC dismisses SBI plea
New Delhi: The Supreme Court on Thursday dismissed a plea by the State Bank of India (SBI) seeking a vacation of the stay granted by Delhi High Court on personal bankruptcy proceedings against Anil Ambani, chairman of Reliance Group. The Supreme Court bench, headed by Justice L. Nageswara Rao, directed the Delhi High Court to consider […]
India’s GDP expected to contract 9% in FY21: ADB
New Delhi: The Asian Development Bank (ADB) on Tuesday projected a 9 per cent contraction of the Indian economy in the financial year 2020-21, revising its outlook within three months as the Covid situation continues. In June, ADB had predicted a 4 per cent contraction in the country’s GDP in the current fiscal. The forecast comes […]
Petrol, diesel get cheaper as crude falls
New Delhi: Petrol and diesel prices in the country have fallen again in the wake of softening in global oil prices as extended run of Covid-19 depressed demands and created in glut in the market. On Saturday, the pump price of petrol and diesel fell by 13 and 12 paisa per litre, respectively in the national […]
RIL among top 40 of world’s most valuable firms, first Indian company to cross $210 billion in m-cap
New Delhi: Reliance Industries Limited (RIL) has entered the top 40 of worlds most valuable firms and becomes the first Indian company to cross $ 210 billion in market capitalisation intra-day. At this market valuation, Reliance Industries is now worlds 40th most valuable firm ahead of the likes of Exxon Mobil, PepsiCo, SAP, Oracle, Pfizer and […]
Consider dropping interest on interest during moratorium: SC
New Delhi: The Supreme Court on Thursday asked the Centre to consider a plea for not charging interest on interest on deferred EMIs during the moratorium period and also not downgrade the credit/asset classification of the borrowers. A bench of Justices Ashok Bhushan, R. Subhash Reddy and M.R. Shah asked the Centre, the Reserve Bank of […]
Deepak Kochhar sent to ED custody for 11 days
Mumbai: A special court in Mumbai on Tuesday sent businessman Deepak Kochhar to 11 days custody of the Enforcement Directorate (ED) which arrested him late on Monday in a money-laundering case. Kochhar, the husband of the high-profile former ICICI Bank CEO and MD Chanda Kochhar, is facing charges of money-laundering in the ICICI Bank-Videocon Group case. […]
Deepak Kochhar: NuPower CEO who allegedly ‘misused’ wife Chanda’s position
New Delhi: As the Enforcement Directorate on Monday arrested Deepak Kochhar, husband of former ICICI Bank CEO Chanda Kochhar, in connection with the ICICI Bank loan case, the probe by the ED has shown serious money laundering and wrongdoing by the NuPower CEO. On Monday, Deepak Kochhar was arrested by the Mumbai branch of the financial […]
ED arrests Chanda Kochhar’s husband Deepak in Rs 1,730 cr ICICI loan case
New Delhi/Mumbai: In a major action, the Enforcement Directorate (ED) on Monday arrested Deepak Kochhar, husband of former ICICI Bank CEO Chanda Kochhar, in connection with the ICICI Bank loan case. A top ED official told IANS, “Deepak Kochhar has been arrested under the Prevention of Money Laundering Act after day-long questioning.” He was arrested by […]