Former ICICI Bank CEO Chanda Kochhar and husband Deepak Kochhar appeared before the Enforcement Directorate in Mumbai Saturday in connection with a money-laundering case related to a bank loan fraud, officials said. The two reached the central agency’s regional office in Ballard Estate area around noon, a day after the ED raided their premises. Officials […]
Day: March 2, 2019
Dharmendra Pradhan inaugurates & lays foundation of several oil & gas projects in Tripura
Union Minister Dharmendra Pradhan Saturday inaugurated and laid foundation of several oil and gas projects in Tripura and said the northeast state is ranked number one in production of natural gas in the country. “Tripura produces 4.96 mmscmd gas per day which is highest in the country. But we want to augment productions, so we […]
Jet Airways shares rise by 5.32% after Naresh Goyal’s exit as chairman
A day after beleaguered airline Jet Airways’ Naresh Goyal reportedly agreed to step down as chairman, its shares on the BSE went up by 5.32 per cent to Rs 234.65 even as the lenders’ consortium led by State Bank of India looks to become the largest shareholders in the airline under the bailout plan, the […]
A section of Mumbai Airport cleared after bomb threat call
A section of the Mumbai airport was cleared Saturday following an anonymous bomb threat call. However, no flight operations were impacted as the runways were closed. A spokesperson at the airport said that the “Bomb Threat Assessment Committee was convened to assess a threat call and has been declared as nonspecific.” However as a mitigation […]
Russia cuts oil output further in February to comply with Opec pact
Russia’s oil producers cut their output deeper in February as the nation strives to implement an agreement with OPEC following criticism that it was moving too slowly. The country produced 43.3 million tons of oil last month, according to preliminary data from the Energy Ministry’s CDU-TEK unit. That’s equivalent to 11.336 million barrels a day, […]
ICICI Bank-Videocon loan case: ED searches premises of Chanda Kochhar, Venugopal Dhoot
The Enforcement Directorate on Friday searched the premises of Chanda Kochhar, former MD and CEO of ICICI Bank, and Venugopal Dhoot, Videocon Group chief, in connection with the alleged sanction of credit facilities in violation of rules and in return for a quid pro quo. The searches were carried out at Mumbai and Aurangabad in […]
Govt. stance on capital airport flayed
The government is under pressure from stakeholders involved in airport decision-making and those working for development of the capital for seeking legal remedy to keep the Adani Enterprises Limited (AEL) from managing, operating and operating the Thiruvananthapuram international airport for the next 50 years. The move of the Kerala State Industrial Development Corporation (KSIDC), which […]
Only 101 km of NH laid in 4 years
Only 101 km of the 28,532 km of National Highways newly laid in the country (NH) between April 2014 and March 2018 has been in the State. Of the 101 km, 29 km was constructed in 2014-15, 10 km in 2015-16, 45 km in 2016-17, and 17 km in 2017-18. Kerala is 27th among the […]
‘Get company to restart NH 66 widening work immediately’
Shobha Karandlaje, MP, on Friday directed the National Highways Authority of India (NHAI) to ask Navayuga Company to complete the pending widening work of National Highway 66 from Hejmady to Kundapur in Udupi district. Chairing the District Development Coordination and Monitoring Committee meeting here, Ms. Karandlaje said the construction of a flyover in Kundapur, a […]
Power shutdown today
Due to the maintenance work in 22KV Kanuvapet feeder, power supply to the following areas shall be interrupted on Saturday between 10 a.m. and 5 p.m. The affected places are V. Manavely, Odiyampet, Thirumal Nagar, Jayakrishna Nagar, Ambedkar Nagar, I.O.C Road, Thiruveni Nagar, Thillai Nagar, Uthiravakinipet, V. Thattanchavady Main Road, Thanducarai and surrounding areas.
HC Bench seeks report from NHAI
The Madurai Bench of the Madras High Court on Friday directed the National Highways Authority of India (NHAI) to file a report to ascertain whether the lack of foot overbridges for pedestrians was leading to an increase in the number pedestrian deaths. A Division Bench of Justices N. Kirubakaran and S. S. Sundar sought data […]
Assam to be oil exporting hub for Southeast Asia
Assam is slated to soon become one of India’s major oil exporting hubs catering to the eastern neighbours of the country and Southeast Asia, Petroleum Minister Dharmendra Pradhan said on Friday. The Minister based his prediction on a slew of projects for augmenting oil exploration, refining and transportation capacity in various stages of completion in […]