A Bombay HC halted an investigation by the Directorate of Revenue Intelligence into the alleged Rs 29,000-cr overvaulation of Indonesian coal imports by Adani Group.13 AM ISTBCCLAdani Group has allegedly overvalued its Indonesian coal imports by Rs 29,000 crore.
The tussle between the telco and the IT department started regarding the assessment order 2017-2018 financial year, in which the Kumar Mangalam Birla promoted company suffered losses in excess of Rs 6,600 crore.58 PM ISTAgenciesEarlier this month, Bombay High Court had ordered the IT department to process refund of Rs 374.
Arbitrators consented to Punj Lloyd’s plea, seeking compensation for expenses incurred in laying a pipeline at Hazira for ONGC.They also accepted ONGC’s counter claims and asked Punj Lloyd to pay Rs 6 cr for an unutilised advance payment.
ITC Chairperson Sanjiv Puri said that the company is planning to set up a food processing facility in Madhya Pradesh at an investment of Rs 700 crore.The land for the proposed food processing unit is already with the company.
The bank learned of the missing Rs 10.5 crore cash only while the internal inquiry into the bank's financial transactions was being conducted on the orders of an RBI-appointed administrator.
In a filing to BSE, Larsen & Toubro said it has signed an agreement to buy the entire stake of Old Lane Mauritius III Ltd in L&T Infrastructure Development Projects for Rs 47.55 per cent stake (81,90,000 shares) of Old Lane in L&T IDPL.
A scrutiny was carried out by RBI to examine the implementation of SWIFT related operational controls in SBM Bank (Mauritius) at its Indian operations, and it was observed that it failed to comply with certain provisions, the RBI said.MUMBAI: The Reserve Bank on Wednesday imposed a Rs 3 crore penalty on SBM Bank (India) for non-compliance of regulatory norms by SBM Bank (Mauritius), which amalgamated with the former in November 2018.
04 AM ISTAgenciesRepresentative ImageNEW DELHI | MUMBAI: Realty developer Omaxe is in advanced talks with private equity firms to raise over Rs 400 crore for its commercial project spread over 4.The project is estimated to increase the parking capacity to over 2,400 car parks and 81 tourist buses.
16 PM ISTNEW DELHI: The government is likely to provide Rs 5,500 crore viability gap funding (VGF) to North-East gas grid.The 1,600-km North-East gas grid will help connect the region to the proposed national grid at Guwahati.
49 PM ISTAgenciesThe demand in the camps was robust and the secretary said that all the PSBs are maintaining their regulatory capital levels.The 'loan mela' was one of the ways in which the government wanted to boost demand in the economy which has been facing slowdown.
In a similarly worded release, it said a monetary penalty of Rs 75 lakh has been imposed on Syndicate Bank for non-compliance with the directions issued by RBI on frauds classification and reporting.Mumbai: The Reserve Bank has imposed a monetary penalty of Rs 1 crore on Lakshmi Vilas Bank and Rs 75 lakh on Syndicate Bank for violating asset classification and fraud detection norms.
The new premium income of life insurers rose 15 per cent to Rs 20,056.All 24 life insurance companies had a collective new business premium income of Rs 17,490.
51 PM ISTNEW DELHI: Leading fertiliser cooperative IFFCO on Friday reduced the retail prices of its complex fertilisers including di-ammonium phosphate (DAP) by Rs 50 per bag, amid easing raw materials and manufactured fertilisers prices globally.The price of NPK-I complex has been reduced to Rs 1,200 a bag from Rs 1,250 a bag, while the price of NPK-II complex has been slashed to Rs 1,210 per bag from Rs 1,260 per bag.
07 PM ISTBCCLIn 2016, Kwality had raised Rs 300 crore from KKR India Financial Services and got additional commitment of Rs 220 crore.Delhi-based Haldiram group has emerged as the sole bidder for acquiring debt-ridden dairy firm Kwality with an offer of around Rs 130 crore in the ongoing insolvency process, sources said.
By Faizan HaidarNEW DELHI: Air India will be able to reduce its debt by Rs 4,500 crore through redevelopment of its residential colony in Delhi’s Vasant Vihar, said two officials aware of the matter.The total revenue from the project is expected to be Rs 7,000 crore.
NEW DELHI: The government is considering extending special loans to state power distribution companies to help clear their rising dues to power generators.They owe another Rs 9,735 crore to renewable power firms, power ministry data showed.
20 AM ISTPTIUniqlo operates more than 2,200 outlets in 23 countries, including China, the US, Europe, Australia and Southeast Asia.New Delhi: Bucking economic slowdown, Japanese fashion retailer Uniqlo clocked sales of Rs 2.
46 AM ISTAgenciesThe key equipment for the project will be manufactured at BHEL’s Haridwar, Bhopal, Hyderabad, Jhansi, Trichy, Thirumayam and Bengaluru plants.NEW DELHI: Bharat Heavy Electricals Limited (BHEL) has bagged a Rs 1600 crore equipment order for a greenfield 2x660 mw Khurja Super Thermal Power Project in Bulandshahr district of Uttar Pradesh.
Money will also be recovered from former Religare Enterprises chief Sunil Godhwani and his brother Sanjay Godhwani.37 AM ISTGetty ImagesThe amount should be deposited with the court’s registrar general within 30 days, according to the order dated September 27.