News for 'PVT'

52-yr-old Nepali Sherpa scales Everest for 26th time; breaks own record

52-yr-old Nepali Sherpa scales Everest for 26th time; breaks own record

Rediff.com8 May 2022

Kami Rita and his group of 11 Sherpa guides summitted the 8,848.86-metre peak at 6.55 pm (local time).

ED summons to Sonia, Rahul: Not afraid, won't bow down, says Congress

ED summons to Sonia, Rahul: Not afraid, won't bow down, says Congress

Rediff.com1 Jun 2022

Congress leaders Abhishek Manu Singhvi and Randeep Surjewala said party president Sonia Gandhi has been summoned by the ED for questioning in a money laundering case linked to the National Herald newspaper on June 8, and she was determined to appear before the agency as she has nothing to hide.

National Highway Authority creates Guinness World Record

National Highway Authority creates Guinness World Record

Rediff.com8 Jun 2022

State-owned NHAI has created a Guinness World Record for the longest continuously laid bituminous lane of 75 kilometres in 105 hours and 33 minutes on the national highway between Amravati and Akola districts in Maharashtra. Mentioning about the record, Road Transport and Highways Minister Nitin Gadkari on Wednesday said the project was implemented by 720 workers including a team of independent consultants who worked day and night. The total length of the 75 kilometres of single lane continuous bituminous concrete road is equivalent to 37.5 kilometres of two-lane paved shoulder road and the work started on June 3, at 7:27 am and was completed on June 7, at 5 pm, the minister said in a video message.

Main accused in NSE co-location case arrested

Main accused in NSE co-location case arrested

Rediff.com22 Jun 2022

The CBI has arrested Sanjay Gupta, owner and promoter of Delhi based OPG Securities Pvt. Ltd, in connection with the NSE co-location scam in which brokers allegedly abused the facility to make gains by getting early access to the stock market, officials said on Wednesday. The agency has already arrested Chitra Ramkrishna, former CEO and managing director of NSE and Anand Subramanian, former group operating officer of the market, they said. Gupta was arrested on Tuesday night, four years after the agency had registered the FIR in the Co-location scam case against him and his company.

Kochhars' pleas: HC to deliver verdict on Monday

Kochhars' pleas: HC to deliver verdict on Monday

Rediff.com6 Jan 2023

The Bombay high court on Friday heard prosecution and defence arguments on the applications of former ICICI Bank CEO and MD Chanda Kochhar and her businessman-husband Deepak Kochhar, challenging their arrest by the Central Bureau of Investigation (CBI) in an alleged loan fraud case, and reserved its verdict which will be delivered on Monday. The Kochhars, along with Videocon group founder Venugopal Dhoot, were arrested by the CBI late last month for their alleged roles in the case and the trio is currently in jail under judicial custody. The Kochhar couple has termed their arrest as "illegal" on the ground that no sanction was obtained prior to the CBI action as required under provisions of the Prevention of Corruption Act (PCA).

BMC to acquire 100 beds of pvt hospitals in each Mumbai ward

BMC to acquire 100 beds of pvt hospitals in each Mumbai ward

Rediff.com21 May 2020

This will facilitate availability of at least 2,400 more beds for patients in the city, the BMC said.

Prannoy Roy, Radhika continue on NDTV board, resign from promoter firm

Prannoy Roy, Radhika continue on NDTV board, resign from promoter firm

Rediff.com30 Nov 2022

NDTV founders Prannoy Roy and his wife Radhika Roy have resigned as the directors of promoter group vehicle RRPR Holding Private Limited as the Adani Group neared takeover of the television channel.

ED issues fresh summons to Raut as he sought more time to appear

ED issues fresh summons to Raut as he sought more time to appear

Rediff.com28 Jun 2022

The Enforcement Directorate (ED) has issued fresh summons to Shiv Sena MP Sanjay Raut asking him to appear on July 1 for questioning in a money laundering case linked to the re-development of a Mumbai 'chawl' and other related financial transactions involving his wife and friends, officials said.

Delhi excise policy: ED to quiz ad firm chief who ran AAP's Goa poll campaign

Delhi excise policy: ED to quiz ad firm chief who ran AAP's Goa poll campaign

Rediff.com9 Feb 2023

The court noted the submissions made by the ED's counsel, who said that Joshi played a vital role in laundering of the proceeds of crime.

Hand over central lab report to J&J: HC tells Maha

Hand over central lab report to J&J: HC tells Maha

Rediff.com27 Oct 2022

A vacation bench of Justices NJ Jamadar and Sharmila Deshmukh passed the decision on Wednesday while hearing a petition filed by the company challenging two orders of the state government.

Dhoni to co-produce animated spy series 'Captain 7'

Dhoni to co-produce animated spy series 'Captain 7'

Rediff.com7 Apr 2021

Former India captain Mahendra Singh Dhoni is set to jointly produce an animated series, titled 'Captain 7'.

Swiggy launches industry-first 'Moonlighting policy'

Swiggy launches industry-first 'Moonlighting policy'

Rediff.com3 Aug 2022

Food ordering and delivery platform Swiggy on Wednesday said it has introduced an industry-first 'Moonlighting policy', wherein employees can take up external projects for pro-bono or economic consideration based on internal approvals. "This could encompass activity outside of office hours or on weekends that does not impact their productivity on the full-time job or have a conflict of interest with Swiggy's business in any way," a company release said. Moonlighting policy allows employees to work second jobs, outside normal business hours of the primary job, under certain conditions.

Niti draft says pvt trains will have own guard, crew, fares

Niti draft says pvt trains will have own guard, crew, fares

Rediff.com8 Jan 2020

A slew of draft documents -- for Request for Qualification (RFQ), Concession Agreement Guiding Principles, Project Information Memorandum (PIM) along with a presentation on the salient features of the project -- for discussion on private participation in passenger trains have been uploaded by Niti Ayog on its website which outline the railways' plans of running 150 trains on 100 routes by private operators, envisaging an investment of Rs 22,500 crore.

Oyo appeals against subsidiary facing insolvency proceedings

Oyo appeals against subsidiary facing insolvency proceedings

Rediff.com7 Apr 2021

The National Company Law Tribunal has directed to start insolvency proceedings against OYO Hotels and Homes Pvt Ltd on March 30, according to a public announcement by the interim resolution professional.

ED detains Shiv Sena's Sanjay Raut in Patra chawl land scam case

ED detains Shiv Sena's Sanjay Raut in Patra chawl land scam case

Rediff.com31 Jul 2022

Enforcement Directorate officials on Sunday detained Shiv Sena leader Sanjay Raut in connection with the Patra Chawl land scam case in Mumbai after hours of conducting raids at his residence.

Sisodia aide Arora will turn approver in excise case: CBI to court

Sisodia aide Arora will turn approver in excise case: CBI to court

Rediff.com7 Nov 2022

Special judge MK Nagpal will also hear arguments on Arora's plea to grant him pardon in the matter and allow him to become a witness in the matter.

THE FUNTASTIC FILM QUIZ

THE FUNTASTIC FILM QUIZ

Rediff.com16 Mar 2022

Sukanya Verma quizzes you to find out just how much you know about the movies.

ICICI case: Videocon's Dhoot says his arrest was unnecessary; CBI says he was evading probe

ICICI case: Videocon's Dhoot says his arrest was unnecessary; CBI says he was evading probe

Rediff.com13 Jan 2023

The lawyer of Videocon Group promoter Venugopal Dhoot on Friday argued before the Bombay high court that the industrialist's arrest in the ICICI Bank loan fraud case was unwarranted as he was cooperating with the probe. The Central Bureau of Investigation (CBI), on the other hand, claimed that he was trying to avoid probe. Dhoot, arrested by the CBI on December 26, 2022, and presently in judicial custody, has moved the high court seeking to quash the First Information Report, and has also sought interim bail.

Mizoram stone quarry collapse: Toll rises to 10, PM announces ex gratia

Mizoram stone quarry collapse: Toll rises to 10, PM announces ex gratia

Rediff.com16 Nov 2022

Of the deceased, five were from West Bengal, two each from Jharkhand and neighbouring Assam and one from Mizoram's Lunglei district, the official said.

Future Group to sell 18.6% stake in Amar Chitra Katha

Future Group to sell 18.6% stake in Amar Chitra Katha

Rediff.com6 May 2022

Debt-ridden Future Group on Friday said it will sell part of its stake in Amar Chitra Katha Pvt Ltd (ACKPL), which publishes Amar Chitra Katha comics, for Rs 13.62 crore. It has entered into definitive agreements on Thursday to dispose of part of its investments held in ACKPL constituting to 18.58 per cent of the total paid-up share capital of ACKPL to Ramanaidu Daggubati and Spirit Media, according to a regulatory filing. Future Consumer Ltd (FCL), part of the Future Group, will be offloading the stake.

Pvt banks may not match SBI in lowering deposit rates

Pvt banks may not match SBI in lowering deposit rates

Rediff.com30 Jul 2019

The reason why private banks will play the deposit pricing game strategically is the weakening of banks' deposits base given the competition from MFs and insurance companies due to tax-savings schemes.

15 more firms selected under PLI scheme for white goods

15 more firms selected under PLI scheme for white goods

Rediff.com28 Jun 2022

As many as 15 companies, including Adani Copper Tubes, LG Electronics and Wipro Enterprises, with committed investment of Rs 1,368 crore, have been selected as beneficiaries under the PLI scheme for the white goods sector, the government said on Tuesday. In March, the commerce and industry ministry had reopened the application window for its Rs 6,238-crore PLI scheme for white goods -- air-conditioners (ACs) and LED lights-- with an aim to accommodate more players as several firms had expressed interest in the initiative. Last year, as many as 46 firms, including Daikin, Panasonic, Syska and Havells, with committed investment of Rs 5,264 crore were selected in the first round the scheme.

HC grants bail to Chanda Kochhar and her husband Deepak

HC grants bail to Chanda Kochhar and her husband Deepak

Rediff.com9 Jan 2023

The Bombay high court on Monday granted bail to former ICICI Bank CEO and MD Chanda Kochhar and her husband Deepak Kochhar in a loan fraud case, saying their arrest was not in accordance with the provisions of law. A division bench of Justices Revati Mohite Dere and P K Chavan held that the arrest of Kochhars was in violation of Section 41A of the Code of Criminal Procedure (CrPC), which mandates sending notice for appearance before the police officer concerned. The couple was arrested by the Central Bureau of Investigation (CBI) on December 23, 2022 in connection with the Videocon-ICICI Bank loan case.

Who Will Admit To Committing Fraud?

Who Will Admit To Committing Fraud?

Rediff.com27 Apr 2023

Banks do extensive investigation before declaring an account fraud; they owe it to us as they deal with our money. Why would they try to fix an innocent borrower? asks Tamal Bandyopadhyay.

Maha to ensure 80% quota in pvt jobs for locals: Guv

Maha to ensure 80% quota in pvt jobs for locals: Guv

Rediff.com1 Dec 2019

He said the government would provide meal at Rs 10 to common citizens and build a super-speciality hospital in every district of the state.

CCI clears Tata-Air India deal

CCI clears Tata-Air India deal

Rediff.com20 Dec 2021

Competition Commission has approved Tata Group's proposed acquisition of debt-laden Air India as well as its two subsidiaries. The Rs 18,000 crore-deal that includes the winning bidder Talace taking over Rs 15,300 crore-worth debt, is a major step in the government's efforts over the years to revive the ailing airline. Talace Pvt Ltd, a wholly-owned subsidiary of Tata Sons, emerged as the winning bidder in October.

New Star On The Rise In BJP

New Star On The Rise In BJP

Rediff.com8 Feb 2023

When a former police constable was appointed Gujarat unit chief, everyone was surprised. Now workers are laying bets on when he will be elevated to the Union Cabinet, notes Aditi Phadnis.

'Can I earn Rs 16 lakh in 5 years via 15k SIPs?'

'Can I earn Rs 16 lakh in 5 years via 15k SIPs?'

Rediff.com10 Apr 2023

Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries:

Court denies bail to Satyendar Jain, says he concealed proceeds of crime

Court denies bail to Satyendar Jain, says he concealed proceeds of crime

Rediff.com17 Nov 2022

A Delhi court on Thursday denied bail to Aam Aadmi Party leader Satyendar Jain and two others in a money laundering case.

CBI look out circular against 8 private persons in Delhi excise policy scam

CBI look out circular against 8 private persons in Delhi excise policy scam

Rediff.com21 Aug 2022

Officials said the CBI has not felt the need to issue LOCs against public servants so far because they cannot leave the country without intimating the government.

'Why is my survival benefit amount taxable?'

'Why is my survival benefit amount taxable?'

Rediff.com8 Nov 2022

Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.

NCLAT reserves order on Amazon's plea against CCI ruling

NCLAT reserves order on Amazon's plea against CCI ruling

Rediff.com26 Apr 2022

The National Company Law Appellate Tribunal (NCLAT) has reserved its order on Amazon's plea challenging the decision of regulator CCI to suspend approval for the e-commerce major's deal with Future Coupons. In December last year, Competition Commission of India (CCI) suspended the approval given by it in 2019 for Amazon's deal to acquire a 49 per cent stake in Future Coupons Pvt Ltd (FCPL). The regulator had said that Amazon suppressed information while seeking clearances for the transaction back then and also slapped a fine of Rs 202 crore on the company.

Tatas plan to acquire over 60% stake in BigBasket

Tatas plan to acquire over 60% stake in BigBasket

Rediff.com13 Mar 2021

The Tata group has proposed to acquire more than 60 per cent stake in online grocery platform BigBasket, according to a filing, as the conglomerate seeks to expand in the fast-growing e-commerce space. The group plans to buy up to 64.3 per cent stake in Supermarket Grocery Supplies Pvt Ltd (SGS) through a combination of primary and secondary acquisitions, a filing with the Competition Commission of India (CCI) showed. The parties to the proposed deal are Tata Digital Ltd (TDL), SGS and Innovative Retail Concepts Pvt Ltd (IRC) -- which is engaged in B2C (Business to Consumer) sales through www.bigbasket.com and related mobile applications.

NDTV takeover: Committed to completing process, says Adani

NDTV takeover: Committed to completing process, says Adani

Rediff.com19 Oct 2022

In a stock exchange filing, Adani Enterprises Ltd said VCPL has urged SEBI "to provide its observations on the draft letter of offer filed in relation to the open offer, in accordance with the SEBI (SAST) Regulations."

Notices issued to CCI, Future Coupons over Amazon's plea

Notices issued to CCI, Future Coupons over Amazon's plea

Rediff.com13 Jan 2022

The National Company Law Appellate Tribunal (NCLAT) on Thursday issued notices over the petition filed by e-commerce major Amazon, challenging a recent order passed by the fair trade regulator CCI that suspended the over-two-year-old approval for its deal with Future Coupons Pvt Ltd (FCPL). The appellate tribunal has directed the Competition Commission of India (CCI) and FCPL to file their reply in next 10 days and Amazon to file a rejoinder over it. It has directed to list the matter on February 2, for next hearing.

Suzuki to invest Rs 10,445 cr for manufacturing EVs, batteries in Gujarat

Suzuki to invest Rs 10,445 cr for manufacturing EVs, batteries in Gujarat

Rediff.com20 Mar 2022

Speaking at the forum, Suzuki Motor Corporation (SMC) representative director and president Toshihiro Suzuki said, "Suzuki's future mission is to achieve carbon neutrality with small cars. "We will continue active investment in India to realise Self-reliant India (Atma-nirbhar Bharat)." Under the MoU, the company's wholly-owned arm Suzuki Motor Gujarat Pvt Ltd (SMG) will invest Rs 7,300 crore for the construction of a plant for BEV batteries at a land neighboring to SMG's existing plant by 2026.

10 Reasons Startups Fail

10 Reasons Startups Fail

Rediff.com4 Jul 2022

What is your USP?
Why should your customers come to only you and nobody else? What particular problem are you solving? Solve these puzzles before launching a stat up suggests Rajiv Talreja.

Amazon's plea against CCI order junked; told to pay Rs 200 cr penalty in 45 days

Amazon's plea against CCI order junked; told to pay Rs 200 cr penalty in 45 days

Rediff.com13 Jun 2022

The National Company Law Appellate Tribunal (NCLAT) on Monday rejected Amazon's plea challenging the decision of fair trade regulator CCI to suspend the approval for the e-commerce major's deal with Future Coupons. A two-member bench comprising Justice M Venugopal and Ashok Kumar Mishra, upheld the findings of the Competition Commission of India (CCI) and directed it to pay the penalty of Rs 200 crore imposed on Amazon by the fair trade regulator within 45 days from Monday. "This appellate tribunal is in complete agreement" with the CCI, the two-member bench said.

Global pvt wealth takes a hit; India sees 20% dip in Q4

Global pvt wealth takes a hit; India sees 20% dip in Q4

Rediff.com25 Apr 2020

In India, the drop was fuelled by the rupee's depreciation from around 71 to 75 a dollar during the quarter.

ED attaches over Rs 150-crore assets of Unitech promoters

ED attaches over Rs 150-crore assets of Unitech promoters

Rediff.com30 Mar 2021

Properties worth over Rs 150 crore of real estate firm Unitech Group have been attached in a money laundering case, the Enforcement Directorate (ED) said on Tuesday. The assets include a dozen of land pieces measuring a total of 48.56 acres in Gurgaon near Delhi.