Category: Business

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: 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…

New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Monday extended the time till September 30 for Jalan-Kalrock Consortium for payment of Rs 350 crore to the lenders of the bankrupt Jet Airways. A three-member NCLAT bench accepted the plea of the consortium to extend the timeline and also for adjustment of Rs 150 crore…

New Delhi: Finance Minister Nirmala Sitharaman on Monday said Jan Dhan Yojana-led interventions and digital transformation have revolutionised financial inclusion in the country, as more than 50 crore people have been brought into the formal banking system with cumulative deposits surpassing Rs 2 lakh crore. On the ninth anniversary of the Pradhan Mantri Jan Dhan Yojana…

New Delhi: The EU on Saturday voiced concerns over “rapid” rise in refined petroleum products made from Russian crude oil in India finding way to the European market, saying it defies the purpose of the sanctions against Moscow that are aimed at reducing its ability to finance the war with Ukraine. The European Union’s Executive Vice-President…

New Delhi: India is the future, British energy major BP chief executive Bernard Looney said on Saturday as he lauded the country for becoming the first to land a spacecraft near the moon’s south pole. Speaking with reporters on the sidelines of B20 Summit India organised by CII, Looney said India is “taking incredible steps and…