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......

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......

Volcker report: UN reinstates dismissed official

Reversing its decision, the United Nations has reinstated Joseph Stephanides, the only official dismissed following adverse findings by the Volcker committee, after a UN review board cleared him of......

As lockdown eases, hotels ready with new 5-star drill

As several premium hotels such as ITC, Taj and Oberoi reopen after the lockdown in cities such as Bengaluru, Kolkata and Hyderabad, many changes have been made for the safety of guests and staff......

French firm's Indian arm buys Prabhat's dairy business

Besides the dairy business, the transaction also involves sale of 100 per cent shareholding in Sunfresh Agro Industries, a step-downsubsidiary of Prabhat, via a share purchase agreement, the......

How Mahindra's Igatpuri factory became carbon neutral

The Mahindra group's Igatpuri plant has become the first in India to be declared carbon-neutral. Ashish Narsale / Rediff.com reports from the factory on how this was achieved. IMAGE:......

Havmor Ice Cream sold for Rs 1,020 crore to South Korean Lotte Confectionery

Havmor makes 150 products from its two plants and has around 30,000 dealers South Korea’s Lotte Confectionery has acquired Ahmedabad-headquartered ice cream maker Havmor Ice Cream Ltd (HIL)......