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Cong questions delay in FIR against ABG Shipyard in duping 28 banks

The Congress on Sunday accused those sitting in the highest echelons of power in the Narendra Modi government of complicity, collusion and connivance in what it described as "India's biggest bank......

Bank fraud: ED registers money laundering case against ABG Shipyard

The Enforcement Directorate has registered a criminal case of money laundering against ABG Shipyard Ltd, its former promoters along with others for allegedly cheating a consortium of 28 banks of......

ED raids 26 locations in ABG Shipyard bank fraud case

The Enforcement Directorate on Tuesday raided multiple premises in Mumbai, Pune and Surat in connection with a money laundering probe against ABG Shipyard Ltd in an alleged Rs 22,842 crore bank......

Maharashtra among states to delay CBI probe into ABG Shipyard: Govt

The government on Tuesday said investigations in the ABG Shipyard case were delayed because some state governments including Maharashtra had withdrawn the agency's power to probe and their approval......

Navy cancels Reliance Naval's Rs 2,500-cr NOPV contract

The Indian Navy has cancelled Reliance Naval and Engineering Ltd's (RNEL) Rs 2,500-crore naval offshore patrol vessels (NPOVs) contract, owing to delay in delivery of the vessels, according to......

ABG's auditor failed to red-flag fund diversion

The auditor of ABG Shipyard, which is being probed by the Central Bureau of Investigation (CBI) for the Rs 23,000-crore default to banks, had settled an investigation by the Securities and Exchange......

India Ratings downgrades ABG Shipyard

India Ratings and Research has downgraded ABG Shipyard from 'IND A-' to 'IND BBB', citing reasons such as delays in order execution and bond issue.The company, however, remains positive and has......

ABG exits Great Offshore race

In a surprise move, ABG Shipyard on Wednesday exited the race to acquire Great Offshore and sold its 8.2 per cent stake to three financial investors. The ABG move comes after seven months of......

ABG to buy Vipul Shipyard

The country's biggest private sector shipbuilder ABG Shipyard today said it will acquire Vipul Shipyard for an undisclosed amount. With the acquisition, the company would be able to enhance its......

ABG-Kolkata Port tussle headed for arbitration

The Kolkata Port Trustand Haldia Bulk Terminaltussle is heading for arbitration.KoPT is in the process of assessing the cost of damage caused due to the exit of ABG Haldia Bulk Terminal, a senior......

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