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Parveen Kumar

Founder, C.E.O & Editor-in-Chief

HC sets aside ED order attaching Tech Mahindra’s Rs 822 cr fixed deposits

[wp_news_ticker_benaceur_short_code] Hyderabad :  The Hyderabad High Court Monday set aside an Enforcement Directorate order provisionally attaching Rs 822 crore worth of fixed deposits belonging to Satyam Computer Services Ltd, which was acquired by Tech Mahindra. In 2012, the Enforcement Directorate (ED) had issued provisional attachment orders freezing fixed deposits […]

Telangana, AP high courts come into being

Hyderabad/Amaravati :  Separate high courts for Telangana and Andhra Pradesh came into being on Tuesday, more than four years after the latter was bifurcated to create the youngest state in the country. Thottathil B Radhakrishnan took over as the first Chief Justice of the Telangana High Court in Hyderabad, […]

Sohrabuddin case: Court says prosecution failed to prove politician-cops nexus

Mumbai :  Though the prosecution “tried”, it failed to prove any “politician-police” nexus in the alleged fake encounter case of Sohrabuddin Shaikh, his wife Kausar Bi and his aide Tulsiram Prajapati, a special CBI court had said while acquitting all the 22 accused on December 21. Special CBI Judge […]

Sensex falls on foreign fund outflow in early trade

Mumbai :  The BSE benchmark Sensex started the new year on a weak note, as it turned choppy after opening higher in early trade Tuesday amid sustained capital outflows by foreign funds and surging global crude oil prices. However, strengthening rupee capped further losses in equity markets, brokers said. […]

Hyundai domestic sales up 5 pc at 42,093 units in Dec

New Delhi :  Hyundai Motor India Ltd (HMIL) Tuesday reported 4.6 per cent increase in domestic sales at 42,093 units in December 2018. The company had sold 40,158 units in December 2017, HMIL said in a statement. HMIL said, in 2018, it sold sold 7,10,012 units, its highest ever […]

P K Singh appointed CCI secretary

New Delhi : The Competition Commission of India (CCI) Tuesday said it has appointed Pramod Kumar Singh as its secretary. Prior to this, P K Singh was adviser (law) to the competition watchdog, said a CCI official. In September, the fair trade regulator had invited applications for appointment to […]

GST collection drops to Rs 94,726 cr in December

New Delhi :  GST collection dropped to Rs 94,726 crore in December 2018, lower than Rs 97,637 crore collected in the previous month. Compliance however improved during the month as the total number of sales returns or GSTR-3B filed in December stood at 72.44 lakh, as against 69.6 lakh […]

Govt exempts rupee payments for Iran oil from taxes

New Delhi : The government has exempted rupee payments made to Iran’s national oil company NIOC towards the purchase of crude oil from payment of any tax, according to a Gazette notification. The finance ministry in a December 28, 2018 Gazette notification said the National Iranian Oil Company (NIOC) […]

Climate change takes toll on French oyster farmers

Cancale : Gulping down oysters has long been a favourite New Year’s Eve ritual for the French, but as winters get warmer and summers get drier many growers worry there will soon be fewer of the prized mollusks to go around. “Twenty years ago, we’d be shivering in the […]

Trump’s promise of a wall may not be fulfilled as advertised

Washington :  Three confidantes of President Donald Trump, including his departing chief of staff, are indicating that the president’s signature campaign pledge to build a wall along the US-Mexico border would not be fulfilled as advertised. Trump sparked fervent chants of “Build that wall!” at rallies before and after […]

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