A State Bank of India (SBI)-led consortium that gave loans to fugitive businessman Vijay Mallya on Friday received Rs 5,824.5 crore in its accounts after shares of UBL, earlier attached under the anti-money laundering law, were sold recently, the ED said. Mallya is accused in a multiple banks loan default case of about Rs 9,000 crore. The disputes resolution tribunal (DRT) had sold these shares on June 23 after the Enforcement Directorate had transferred shares worth about Rs 6,624 crore of UBL to the SBI-led consortium on the directions of a special PMLA court that is hearing the case involving Mallya in Mumbai. These shares were attached under the Prevention of Money Laundering Act (PMLA) by the ED, a central probe agency.
Bhavin and Divyank Turakhia remain as committed as ever to incubating start-ups despite selling their firm for $900 mn
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In November last year, Kerala Chief Minister Oommen Chandy took off on a 'road trip' that spanned across all fourteen districts in the state. The initiative -- a Mass Contact Programme -- was organised over a two-month period. During the programme, Chandy met and interacted with lakhs of people who shared their problems with him.
Miffed at Mayawati government's response in dealing with the environment threat posed to the historic Taj Mahal, the Supreme Court on Tuesday wondered whether it was duty of courts to ensure safety of monuments in the country.
In the last Cabinet meeting held a few days ago, there was a virtual face off between Union Human Research and Development Minister Kapil Sibal and Rural Development and Panchayati Raj Minister C P Joshi, with Joshi objecting to the setting up of an education tribunal being installed by Sibal.
The government on Monday expressed its commitment to introduce a uniform indirect tax structure across the country, GST, from the next fiscal after consultation with states.
Bhavin and Divyank Turakhia, co-founders of $ 300 million company Directi in an interview with rediff.com speak about their company's vision, their future plans and how they succeeded as entrepreneurs.
Leading a 73-member business mission to India, mainly belonging to SMEs, the first in five years, Watanabe said interest towards India is growing rapidly in Japan over the last three years.\n\n
The actor interacted with kids on the show, Radio Mirchi on the occasion of Children's Day.
In the start-up world, hitting the $1-billion mark, which accords the "Unicorn" tag, is a milestone. Enterprises typically reach the milestone only by series C or series D, or three to four funding rounds later. Zeta achieved it at the first one. On May 25, the six-year-old banking tech firm raised $250 million from Japanese conglomerate SoftBank, at a post-money valuation of $1.45 billion. "This is the first time we have raised institutional money," Zeta co-founder Bhavin Turakhia beamed on the conference call. This trajectory is uncommon in start-ups.
India's dependence on imported crude oil to meet domestic demand has been a matter of concern for years. Delivering the inaugural address at the global energy summit - Urja Sangam - in 2015, Prime Minister Narendra Modi had called for enhancing domestic oil and gas production to cut the import burden. He aimed at lowering it by at least 10 per cent by 2022 - to coincide with the platinum jubilee of India's independence. But this target is far from being achieved and the country's import reliance has only risen.
Websites that are not mobilefriendly will drop down in rankings
Reliance ADAG, Tech Mahindra among top recruiters at IIM-A
Public sector firms presented interesting offers on Day Zero placements at the IITs.
'Over the next two to three years, hiring will come down further.' 'You will see the industry intake of freshers go down to 150,000 from the current 200,000.'
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