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India
Foreign defence vendors' contracts to be cut in 2 yrs: Parrikar
He told the Lok Sabha that this reduction would bring down India's dependence on dollar and imported material
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India
ED summons him on Mar 18, quizzes former CFOs of KFA, UB
Hours after Vijay Mallya tweeted that had not fled the country, the Enforcement Directorate put his claims to the test by asking him to appear before it on March 18 in a money laundering case involving a Rs 900-crore loan obtained from IDBI Bank.
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India
EPFO to probe airline's PF dues
Nearly four years after grounding of the Vijay Mallya-owned Kingfisher Airlines (KFA), the Employees Provident Fund Organisation (EPFO) is still trying to find out whether the company has done any "significant" violation of provident fund rules by not depositing workers' dues.
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India
Mallya still has Rs 5.7k cr pledge-free assets
The good news for banks is that there is a large chunk of free assets worth more than Rs 5,500 crore to back up the guarantees provided by Vijay Mallya and UB Holdings that will make up for the lack of security against loans of about Rs 7,000 crore to ...
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India
After bright spot remark, IMF chief gets Indian makeover
At the opening of the International Monetary Fund (IMF) and the Government of India co-hosted conference to take stock of Asia's strong economic performance this evening, the French lawyer sported a smart, cherry-red salwar suit.
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India
Centre lost Rs 12 cr as telcos understated revenue
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India
Realtors' body not satisfied with Realty bill
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India
First look-out notice to Vijay Mallya issued by mistake: CBI
"The detention order issued against Vijay Mallya by CBI was an error by a lower level officer," said CBI. The investigation agency also informed that Mallya had joined questioning on December 9, 2015 and 10 in New Delhi and on December 12 in Mumbai.
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India
MahaBank chief faces ouster
The finance ministry has served a showcause notice on Bank of Maharashtra chairman and managing director Sushil Muhnot asking him toexplain why he should not be terminated from his job for allegedly occupying twohouses.
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India
India needs to keep reform momentum going: FM
As the global environment becomes extremely difficult and challenging, India will needtokeep the reform momentum going while putting resources in areas where itlacks, finance minister Arun Jaitley said on Friday.