The Enforcement Directorate (ED) on Tuesday arrested the former CFO and internal auditor of the Cox and Kings Group in connection with its money laundering probe in the Yes Bank alleged loan default case. The agency said ex-chief financial officer Anil Khandelwal and internal auditor Naresh Jain were arrested under the provision of the Prevention of Money Laundering Act
More than a year of Covid-19 has pushed most businesses into gloom but Reliance Industries Ltd (RIL) managed to reduce its gross debt 25 per cent, enabling it to turn towards its next phase of capital expenditure that has come in the form of a Rs 75,000-crore plan for green energy and power storage. The company managed to stay afloat during the pandemic because of its large presence in the consumer-centric businesses of retail and telecommunication (see chart: "A new Reliance"). These two businesses constituted 45 per cent of its EBITDA during FY21 from 36 per cent in FY20.
Other than Kapoor, the complaint, running into more than 10,000 pages, named his wife, Bindu; three daughters Rakhee, Roshini, and Radha; and three firms, Morgan Credits, RAB Enterprises, and Doit Urban Ventures, allegedly controlled by them.
The Environment Ministry had earlier this month termed as "incorrect" claims that Adani Port and SEZ was spared a hefty fine of Rs 200 crore.
The Bharatiya Janata Party has charged its party workers Rs 5 per head for attending a mass meeting organised by the party to be held in Bhopal on September 25, which will be addressed by its prime ministerial candidate, Gujarat Chief Minister Narendra Modi.
Here's a recap of the big events that shaped the nation over the weekend.
As nominations for Rajya Sabha biennial polls closed on Tuesday, a contest is on the cards in Uttar Pradesh and Haryana even as Union Power Minister Piyush Goyal and senior Congress leader P Chidambaram are among those set to be elected to the Upper House.
'The disquiet in the Sangh is, of course, over demonetisation.' 'But more than that, it is about the growing centralisation in the running of the government and party,'
China and the US are responsible for around 40 per cent of the world's carbon emissions.
The MPs from Uttar Pradesh who may be given ministerial portfolios are: Anupriya Patel, leader of Bharataiya Janta Paty's ally Apna Dal; Shahjahanpur MP Krishna Raj and Chandauli MP Mahendra Pandey.
Following objection from petitioners who claimed conflict of interest.
According to the decision, such entities can now first operate through e-commerce and then open brick-and-mortar stores.
The Supreme Court has directed the Centre and Arunachal Pradesh government to grant citizenship within three months to Chakma and Hajong tribals who had migrated from Bangladesh in 1964-69, saying they cannot be discriminated in any manner.
Modi government plans to set up a committee of five or six chief ministers to suggest ways to promote digitisation.
With demand drying up, hotels are surviving on quarantine centres and isolation facilities.
With May 31 being the last date for filing nomination, the party is set to announce the names of more candidates soon.
The Congress and other opposition parties had opposed the amendments.
A person in the 30% income tax bracket with a Rs 40 lakh home loan at 9% interest rate would, under the Rs 3.5 lakh interest exemption, will save Rs 105,000 in tax in the first year, against Rs 60,000 under the previous interest exemption of Rs 2 lakh.
The National Green Tribunal on issued notices to Madhya Pradesh government and organiser of three-day event 'Vaicharik Mahakumbh', to be attended by Prime Minister Narendra Modi on Saturday, for alleged violation of environment laws.
Union minister Smriti Irani will also contest the Rajya Sabha polls from Gujarat from where she is already an MP and her term ends on August 18.
A down-to-the-wire contest is likely in some of the seats in the high-stakes Rajya Sabha elections in seven states, especially in Uttar Pradesh, Karnataka and Haryana, where the fate of candidates including senior Congress leader Kapil Sibal and senior lawyer R K Anand is being decided on Saturday.
Major political parties in Uttar Pradesh on Saturday ensured victory for all their candidates despite cross voting in Rajya Sabha biennial polls in which senior Congress leader Kapil Sibal emerged triumphant against the Bharatiya Janata Party-backed Independent socialite Preeti Mahapatra.
Ballooning debt forces more and more Indian promoters to sell out to global majors and PE players.
The government was planning to come up with a new fiscal model giving 'special incentives' for fields that were given out on nomination to ONGC and Oil India, reports Shine Jacob.
Prakash Javadekar set a scorching pace of changes in the environment ministry during his two-year tenure. He has the talent to calm ruffled feathers in the education sector, while proceeding with the government's agenda in this space.
Any delay in passing the coal bill may cause a crisis in the coal sector which would also affect the power sector.
'It is time India withdraws the complaint from the UN and fully integrates the state of J&K into the Indian Union,' recommends Colonel Anil A Athale (retd).
Growth of capital goods at 9.6 per cent is inspiring as the investment cycle is expected to rebound in the coming months.
The Supreme Court's verdict puts nearly half a dozen former chief ministers in the state of Bihar in a hotspot.
From linking innovation with supply of inputs to providing contract farming, the private sector can help agriculture move to the next stage of development.
According to reports from the states, several congregation participants are yet to show up before authorities.
'Unlike the Chinese army that has been largely a peace time force, the Indian Army is a battle hardened force,' explains Colonel Anil A Athale (retd).
Rajneesh Gupta gives us all the numbers.
A bench, headed by Chief Justice T S Thakur, said it was not for the apex court to pass a direction to Parliament to introduce a bill in this regard.
The International Cricket Council asked an internal panel to suggest harsher punishment for ball-tampering and other misbehaviour by players in its bid to establish a "culture of respect".
'If India is to emerge as a superpower, we must utilise our huge agricultural potential and not, as in past centuries, merely exploit our farmers,' says Colonel Anil A Athale (retd).
With the latest expansion of the Union Council of Ministers, the total number of crorepatis there has risen to 72, while the number of those with declared criminal cases is up at 24, a study said.
Curator Kasturi Sriram said that unlike the Rajkot wicket, the 22-yard strip in Visakhapatnam to be provided for the second Test against England "won't have much grass".
A total of over Rs 1,641 crore of premium is pending against five lease holders of MMRDA
Apart from Smriti, Ravi Shankar Prasad and Ananth Kumar took over as law and parliamentary affairs ministers respectively.
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