CBI sources said a case has been registered against UK-based NRI Vipin Khanna, whose named had also figured in another defence deal probed by the agency. They said the kickbacks were allegedly paid in 2009 through subsidiaries of Embraer via a Singapore based company which is owned by the middleman.
According to research firm IDC, a slowdown in smartphone shipments began showing up as early as late February, though companies insist that the March quarter was fine, albeit on a low base.
The novel coronavirus outbreak has prompted India to withdraw from next month's shooting World Cup in Cyprus, the National Rifles Association of India (NRAI) revealed on Friday.
The Russian Football Union (RFU) said on Tuesday it had ended its contract with national team coach Fabio Capello, three years before the country hosts the 2018 World Cup finals.
Atletico Madrid have signed striker Luis Suarez from Barcelona, the Spanish clubs said on Wednesday, bringing to an end his six-year stint at the Camp Nou.
Moody's Investors Service on Tuesday slashed India's growth forecast for the current financial year to 9.3 per cent saying that the second wave of coronavirus infections hampers economic recovery and increases risk of longer-term scarring. Moody's, which has a 'Baa3' rating on India with a negative outlook, said obstacles to economic growth, high debt and weak financial system contrain sovereign credit profile. The US-based rating agency had in February forecast a 13.7 per cent economic growth for the current fiscal (April 2021-March 2022).
Dairies, milk plants, grocery shops, chemists and petrol pumps, ATMs, e-commerce services of essential items like food and medicines will remain open, he said.
The Indian cricket board will work with the National Anti-Doping Agency for a period of six months, while attaching another rider to the tripartite agreement along with WADA
China's economy, which suffered 6.8 per cent slump in the first quarter due to the coronavirus pandemic -- the worst in 44 years -- bounced back posting 4.9 per cent growth between July and September buoyed by the government's sweeping efforts to stimulate demand and consumption.
A $15.2-million contract between a subsidiary of India-based Tata Consultancy Services and an American state agency has been cancelled, falling victim to politics in view of elections in the US next year.
Bank of America Merrill Lynch and JP Morgan are bankers for the bonds
Orsi was at the helm of AugustaWestland when the deal was struck and he is suspected of involvement in the payment of bribes.
A group of Indian workers in the US have filed a lawsuit in a district court against the Swaminarayan sect BAPS, accusing it of human trafficking and wage law violations during the construction of a massive temple in New Jersey.
Medical experts have warned that the volume of vaccine available to fight the coronavirus or SARS-CoV-2 in coming years is expected to fall far short of global demand, despite an unprecedented effort to manufacture billions of doses.
In all this, the political establishment -- and especially the finance ministry -- appears the weakest link, and worse still, the possible reason for the political backing to Narain and Ramkrishna that emboldened them to defy all the sentinels -- the independent board, the auditors, top management persons like the chief compliance officer, the company secretary, and unbelievably the super-regulator Sebi, observes V Ranganathan.
The imports may recover faster, thnaks to a strong demand. "As global prospects are now improving, especially with the US economic contraction easing, India's exports may begin to recover later in the year," Moody's said in a statement.
The agency is probing the alleged payment of USD 5.70 million as commission to seal the deal, sources said.
Nair blamed the then United Progressive Alliance government for the "hasty" decision to cancel the agreement with Devas
India and the US had on July 17 signed a preliminary agreement for cooperating on emergency crude oil reserves, including the possibility of India storing oil in the US emergency stockpile.
Xi Jinping is winning the war without firing a shot in Sri Lanka, observes Colonel R Hariharan (retd).
An unmanned private rocket contracted by National Aeronautics and Space Administration to carry cargo into the space has exploded seconds after its launch along the eastern Virginia coast of the United States.
France forward Griezmann, 28, rejected a move to Barcelona last year but announced in May he was leaving the Madrid side, where he has spent the last five seasons since signing from Real Sociedad in 2014.
CAATSA was aimed at Moscow and not intended to damage the military capabilities of its 'allies and partners', US said.
After 24 months of slowdown beginning in January 2018 before the pandemic and then 18 months of collapse since January 2020, we have become the world's worst performing economy, observes Aakar Patel.
Rajiv Saxena, an accused in AgustaWestland chopper deal scam, was extradited from Dubai, UAE, to India .
Former India captain Sourav Ganguly, who is a member of the Marylebone Cricket Club World Cricket Committee, will skip its upcoming meeting at Lord's on August 11-12.
The protests brought home the fact that the Sri Lankan public is in no mood for halfway measures, as voices against Rajapaksa 'family rule' and 'securitisation' of the civilian administration began sidestepping the more critical economic crisis, affecting the nation and afflicting the individual, observes Sri Lanka watcher N Sathiya Moorthy.
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Apart from land acquisition, another major cause for concern before the project is cost escalation owing to a fall in the rupee against the Japanese yen.
Jiaolong, China's manned submersible, has descended to a depth of 3,117 meters in the northwestern Indian Ocean and collected variety of precious metals.
Singh, who arrived in Moscow on Wednesday on a three-day visit to attend a crucial meeting of the Shanghai Cooperation Organisation (SCO), pressed for expediting supply of a number of weapons systems, ammunition and spares to India by Russia under contracts which were concluded earlier.
Valuers have found almost no assets to pay for their claims against the Videocon group that entered the insolvency process in 2018. But the dissenters suggest that the money is elsewhere, possibly in the group's oil and gas assets, which are not part of the group's bankruptcy case.
The 190-km railway line will be between Dadri in Uttar Pradesh and Phulera in Rajasthan, which fall under the Western Dedicated Freight Corridor
Russia has been grappling with sanctions slapped by the US and its allies over Moscow's invasion of Crimea.
''None of the existing vaccines have 100% efficacy.' 'Each vaccine will work openly on a certain percentage of the population.'
The president also said one of his daughters has been given a shot of the COVID-19 vaccination. "One of my daughters got vaccinated. In fact, she took part in an experiment. After the first vaccination, she had a [body] temperature of 38 degrees [Celcius, 100 degrees Fahrenheit], the next day slightly higher than 37 [degrees], that's all," he said.
'The web of transactions is so complex that it requires expertise to understand the strategies involved in each fraud.'
Aircraft manufacturer Embraer has agreed to pay over $205 million (over Rs 1,371 crore) as settlement with American and Brazalian authorities for resolving corruption charges in India and three other countries.
News of all that's transpired on and off the football field
No ONGC employee was on the drillship when the accident occurred.
