India Business News

Jet to sell 2.73 crore shares to Etihad

by sulekha news on Apr 24 2013 4:25PM IST

Mumbai, April 24 (IANS) Airline major Jet Airways said Wednesday it would seek shareholders' approval through an extraordinary general meeting for issuing the company's equity at Rs.10 per share to the Abu Dhabi-based Etihad Airways.

Flights may be rejigged as Goa airport to undergo repairs

by sulekha news on Apr 24 2013 4:25PM IST

Panaji, April 24 (IANS) If you are planning to fly down to Goa for a holiday this weekend, just re-check your flight plan as the state's only landing strip at Dabolim will be undergoing pre-monsoon maintenance work for three days, an official said Wednesday.

Tripura wants pan-India law to deal with chit funds

by sulekha news on Apr 24 2013 4:20PM IST

Agartala, April 24 (IANS) Tripura wants a common law in India to deal with illegal finance companies which dupe people after accepting deposits on promise of giving high returns, Chief Minister Manik Sarkar Wednesday said here, referring to the Bengal chit fund scam.

Chartered accountants to assess mining losses: Parrikar

by sulekha news on Apr 24 2013 4:20PM IST

Panaji, April 24 (IANS) Chartered accountants have been roped in to assess the fiscal extent of Goa's iron ore mining scam, Chief Minister Manohar Parrikar said here Wednesday.

Kashmir court allows taking chit fund accused to Bengal

by sulekha news on Apr 24 2013 4:20PM IST

Srinagar, April 24 (IANS) A Jammu and Kashmir court Wednesday gave the West Bengal police a four-day transit remand of Saradha Group chairman and managing director Sudipta Sen and two other accused in the multi-crore-rupee chit fund scam.

60 Goa mines may resume work if ban is lifted, says CM

by sulekha news on Apr 24 2013 4:20PM IST

Panaji, April 24 (IANS) Of the 80 odd operational mines in Goa, 60 could resume operations after the Supreme Court-imposed ban is lifted, Chief minister Manohar Parrikar said Wednesday.

SEBI asks Saradha to wind up schemes, return money to depositors

by sulekha news on Apr 24 2013 12:06AM IST

Kolkata, April 23 (IANS) The Securities and Exchange Board of India (SEBI) Tuesday directed Saradha Realty India Ltd and its managing director Sudipta Sen to wind up its existing collective investment schemes and refund the money collected with returns which are due to the investors within three months as it had contravened SEBI provisions by launching such schemes without its permission.

SC moved to seek halt to Kudankulam plant's commissioning

by sulekha news on Apr 23 2013 10:36PM IST

New Delhi, April 23 (IANS) The Supreme Court was moved Tuesday, seeking a direction to the government not to take steps for commissioning the Kudankulam nuclear plant in Tamil Nadu till allegations of use of sub-standard equipment and the impact on the reactor and the public safety were probed.

Bengal chit fund promoter, aides arrested in Kashmir (Roundup)

by sulekha news on Apr 23 2013 9:35PM IST

Srinagar/Kolkata, April 23 (IANS) In a major breakthrough in West Bengal's chit fund muddle, Saradha Group chairman and managing director Sudipta Sen was arrested from Jammu and Kashmir Tuesday with two of his associates, even as angry depositors duped by the company blocked highways and rail tracks.

Committee recommends more funds for urban development ministry

by sulekha news on Apr 23 2013 9:06PM IST

New Delhi, April 23 (IANS) A parliamentary standing committee Tuesday asked the Ministry of Urban Development to ask the finance ministry and the Planning Commission to grant more funds to the National Capital Regional Planning Board.

Assocham suggests cell for sick MSME units in Bengal

by sulekha news on Apr 23 2013 8:56PM IST

Kolkata, April 23 (IANS) Industry body Assocham Tuesday suggested that the West Bengal government set up a special cell for reviving sick micro, small and medium enterprises (MSMEs) in the state.

Bengal chit fund promoter arrested in Kashmir

by sulekha news on Apr 23 2013 8:45PM IST

Srinagar/Kolkata, April 23 (IANS) In a major breakthrough in West Bengal's chit fund muddle, Sudipto Sen, the chairman and managing director of the Saradha Group, was arrested from Sonmarg in Jammu and Kashmir Tuesday with two of his associates, police said.

Trade lobbies urge Goa to roll back entry tax

by sulekha news on Apr 23 2013 8:15PM IST

Panaji, April 23 (IANS) Trade and transport lobbies from neighbouring Karnataka and Maharashtra Tuesday urged Goa Chief Minister Manohar Parrikar to roll back the controversial entry tax on trucks entering the state or grant concession for regular operators.

Protests against Saradha Group in Assam, several offices ransacked

by sulekha news on Apr 23 2013 8:15PM IST

Guwahati, April 23 (IANS) After West Bengal, duped investors of the Saradha Group in Assam came out on to the streets in protest Tuesday, leading the administration to seal several offices of the company after mobs broke in and ransacked them.

Subsidised foodgrain: SC disallows discrimination

by sulekha news on Apr 23 2013 7:55PM IST

New Delhi, April 23 (IANS) The Supreme Court Tuesday said the government could not differentiate between "one poor man and another poor man" while offering subsidised foodgrain under the targeted public distribution system.