New Delhi: India’s financial crime fighting agency on Friday arrested Jet Airways (JET.NS) founder Naresh Goyal, an Enforcement Directorate source said, in a case local media said was related to an alleged 5.38 billion Indian rupees ($65.06 million) money laundering case linked to Canara Bank. Goyal was taken into custody under the Prevention of Money Laundering…
New Delhi: Moody’s Investors Service on Friday raised India’s growth projection for 2023 calendar year to 6.7 per cent citing upside to growth performance helped up robust underlying economic momentum. In the Global Macro Outlook 2023-24 (August update), Moody’s said strong services expansion and capital expenditures have propelled India’s 7.8 per cent real GDP growth in…
Gurugram: The GST lucky draw ‘Mera Bill Mera Adhikar’ scheme was launched in six states and Union Territories on Friday and the Centre and states have set aside a Rs 30-crore corpus for this fiscal for the reward scheme. Haryana Deputy Chief Minister Dushyant Chautala said the mobile app for the scheme has been downloaded by…
New Delhi: India continues to remain the fastest-growing economy in the world, the BJP said on Thursday as the country recorded a 7.8-per cent GDP growth in the April-June period of 2023-24, the highest in the last four quarters, on the back of double-digit expansion in the services sector. In a world grappling with decelerating…
New Delhi: India recorded economic growth of 7.8 per cent in the April-June quarter of 2023-24 against 13.1 per cent in the year-ago period, as per the National Statistical Data (NSO) released on Thursday. India remains the fastest-growing major economy as China’s GDP growth in the April-June quarter was 6.3 per cent. As per the NSO…
New Deli: The Organised Crime and Corruption Reporting Project (OCCRP) on Thursday trained its guns on billionaire Gautam Adani’s group, alleging hundreds of millions of dollars were invested in publicly traded group stocks through Mauritius-based ‘opaque’ investment funds managed by partners of promoter family, charges the conglomerate denied vehemently. The fresh allegations by an organisation funded…
New Delhi: Shares of Adani group stocks fell on Thursday after a report from investigative reporting platform OCCRP alleged hundreds of millions of dollars were invested in publicly traded group stocks through Mauritius-based ‘opaque’ investment funds managed by partners of promoter family of billionaire Gautam Adani. However, the conglomerate denied the charges vehemently. On the BSE,…
New Delhi; The government on Tuesday announced a Rs 200 per cylinder cut in prices of domestic cooking gas as it looked to counter the cheaper LPG promise of the Congress in upcoming assembly elections in states like Madhya Pradesh. A 14.2-kg LPG cylinder costs Rs 1,103 in New Delhi currently. It will cost Rs 903…
New Delhi: As many as 100 big ticket infrastructure projects of different ministries worth Rs 5.89 lakh crore have been recommended for approval under the PM Gati Shakti initiative so far this fiscal, a senior official said on Monday. These projects have been recommended by the Network Planning Group (NPG) constituted under the PM Gati Shakti…
New Delhi: Air India on Monday said there is no significant impact on its flights to and from the UK, where a technical issue has impacted air traffic services, and that the airline is actively monitoring the situation. NATS, which provides air traffic control services in the UK, has put in place certain traffic flow restrictions…
