New Delhi | The CBI has filed a murder case against the Chairman-cum-Managing Director of Amrapali Group, Anil Sharma, and eight others in connection with the killing of Sharad Chandra, then secretary of Balika Vidyapeeth in Lakhisarai, Bihar, who was shot dead at his home on the campus in August 2014. In December 2022, the Patna […]
Category: Business
ICICI Bank-Videocon scam: Bombay HC grants bail to Kochhar couple
Mumbai | In a relief, the Bombay High Court on Monday granted interim bail to former ICICI Bank honcho Chanda Kochhar and her businessman husband Deepak Kochhar who were arrested by the Central Bureau of Investigation (CBI) in the Videocon loan case and were in custody for the past 15 days. A division bench of Justice […]
Adani group to own 64.71% stake in NDTV after Roys decide to cash out 27.26%
New Delhi/Chennai | The two original promoters of New Delhi Television Ltd (NDTV) — Prannoy Roy and Radhika Roy — have decided to sell their 27.26 per cent holding in the company to Adani group’s RRPR Holdings Private Ltd. In a regulatory filing, NDTV said that Roys have decided to transfer 27.26 per cent stake out […]
Former ICICI Bank CEO Chanda Kochhar, husband arrested for loan fraud
New Delhi | Former ICICI Bank CEO Chanda Kochhar and her husband and businessman Deepak Kochhar were on Friday arrested by the CBI in connection with a loan fraud case involving bank officials and the Videocon Group. A senior Central Bureau of Investigation (CBI) official told IANS that the arrests were made from Delhi whereas […]
RBI hikes repo rate to 6.25%, 5th increase in a row
New Delhi | The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Wednesday in a 5:1 decision increased the repo rate by 35 basis points (bps) to 6.25 per cent to contain inflation. It is the fifth straight rate hike by the central bank in this financial year. Prior to this, the RBI […]
RBI’s pilot project on digital rupee to be launched on Dec 1
New Delhi | The Reserve Bank of India’s (RBI) first pilot project for retail digital Rupee (ea,-R) would be launched on December 1, 2022. The pilot would cover select locations in closed user group (CUG) comprising participating customers and merchants, a statement issued by RBI said. The ea,-R would be in the form of a digital […]
Jeff Bezos warns of recession, advises people to avoid expensive purchases
San Francisco | Amazon founder Jeff Bezos has warned consumers and businesses to postpone large purchases during the holiday season in anticipation of an economic recession. In an interview with CNN, he advised consumers to keep their cash safe and avoid unnecessary spending. Due to the recession fear, he advised Americans to avoid purchasing high-ticket items […]
How Modi government defended in Supreme Court its decision of demonetising currency?
New Delhi | The Centre has told the Supreme Court that the November 2016 decision to withdraw Rs 500 and 1,000 currency notes was “one of the critical steps in the series of transformational economic policy steps” and this decision was taken after extensive consultation with the RBI and advance preparations. The Ministry of Finance, in […]
Disney set to reduce its workforce, freeze hiring amid revenue drop
San Francisco | Facing a slow revenue growth, Disney has reportedly planned to reduce its workforce and freeze hiring. According to an internal leaked memo from Disney CEO Bob Chapek, seen by CNBC, the company is “limiting headcount additions through a targeted hiring freeze”. “Hiring for the small subset of the most critical, business-driving positions will […]
CBDT extends deadline for filing returns till Nov 7
New Delhi | The Central Board of Direct Taxes (CBDT) on Wednesday extended the due date for furnishing income tax returns for assessment year 2022-23 to November 7 for certain categories of assessees. The earlier due date was October 31. The extension was given as extra time of up to October 7 was granted for filing […]