New Delhi: Revenue Intelligence officers have seized 5.48 kg of heroin worth Rs 38.36 crore from the Attari check point of India-Pakistan border. The novel modus operandi of heroin smuggling into India through the land route at India-Pakistan border was detected by DRI officers based on specific intelligence developed and further profiling. A consignment of brooms…
New Delhi: India’s industrial production growth slipped to five-month low of 1.1 per cent in March from 5.8 per cent in February 2023, mainly due to poor performance of power and manufacturing sectors, according to official data released on Friday. The previous lowest level of growth was recorded in October 2022 at a contraction of…
Singapore: Indian-origin Singaporean Ravi Menon has been reappointed as the central banker of the prosperous city state for two more years, an official announcement said on Friday. The Monetary Authority of Singapore (MAS) re-appointed Menon as its Managing Director for a further term of two years, from 1 June 2023 to 31 May 2025. He will…
New Delhi: The Indian men’s football team will take on Mongolia on the opening day of the upcoming Intercontinental Cup, which kicks off at Bhubaneswar’s Kalinga Stadium on June 9. The other two teams in the competition, Lebanon and Vanuatu, will clash on the same day, which will be the tournament opener. The event is part…
Mumbai: EXZOD India plans to enter into the Middle East and South East Asian markets as it expands into new geographies to cater to the increasing market for pallets, the city-based pallet manufacturing firm said on Thursday. Besides, the company also plans to expand its Annual Maintenance Contract (AMC) services for pallets in these regions…
New Delhi: More than half of all fraud incidents in India were ‘platform’ fraud, a novel form of economic crime that involves fraudulent activities associated with social media, e-commerce, enterprise and finTech platforms, said a PwC India report on Thursday. The onset of the pandemic has led to an increase in platform fraud, said the second…
New Delhi: Two more aircraft lessors — GY Aviation and SFV Aircraft Holding — on Thursday moved appellate tribunal NCLAT against the order passed by the NCLT allowing Go First’s voluntary plea to initiate insolvency proceedings. SMBC Aviation Capital, which is one of the world’s largest aircraft leasing companies, already moved NCLAT on Wednesday, hours…
Mumbai: Indo-Israel trade will grow to USD 10 billion this year and a free trade agreement (FTA) is essential to strengthen the economic relations, visiting officials from the Jewish country said on Thursday. Direct flight connectivity will be established between more cities in India and Israel by the end of this year, they said. The country’s…
Tokyo/New Delhi: India’s Finance Minister Nirmala Sitharaman on Thursday invited Japanese investors and business leaders to explore investment opportunities in the country, saying that New Delhi is easing a lot of restrictions and ensuring overall ease of doing business in its walk towards Amrit Kaal. Indian government describes ‘Amrit Kaal’, as the 25-year period culminating in…
New Delhi: With the debt mutual fund schemes now under the tax ambit, the attractiveness of the product has reduced as High Net worth Individuals (HNIs) are favouring bank fixed deposits (FDs) over such funds, according to a report by Motilal Oswal Financial Services on Thursday. In addition, interest rates on bank deposits have increased…
