BUSINESS
Kochhar Saga: Loans were adjusted in RTL of Rs 1,730 crore, but firms declared NPA, says CBI
This was revealed after a special CBI court on Saturday remanded former ICICI Bank CEO-MD Chanda Kochhar and her husband Deepak Kochhar to CBI custody till December 26. The CBI had arrested the couple on Friday in connection with their alleged role in the ICICI Bank-Videocon money laundering case. Venugopal Dhoot of Videocon Group is a co-accused in the case.
India's coal dependency to stay; geopolitical brakes on shift to renewables
India's coal imports, which had reached its peak of 212 million tonnes in 2014-15, declined to 191 million tonnes in 2016-17. However since 2017-18 onwards, they again showed a rising trend. In that year, coal imports rose to 208 million tonnes, going further up to 235.35 million tonnes in 2018-19 and to 248 million tonnes in 2019-20. India imports the dry fuel to bridge the gap between demand and supply.
Chanda Kochhar cheated bank by sanctioning Rs 3250 cr, received kicbakcs into her husband firm, says CBI
According to information, the probe agency initiated the preliminary enquiry on December 8, 2017 into the matter, involving bank officials and the Videocon Group. "It was alleged that the ICICI Bank sanctioned credit facilities of about Rs 3,250 crore to Trend Electronics Ltd, Century Appliances Ltd, Kail Ltd, Value Industries Ltd and Evan Fraser & Co India Ltd, all companies belonging to Videocon Group promoted by Venugopal Dhoot.
Venugopal Dhoot helped Deepak Kochhar get 95% share of NRL
This was revealed after a special CBI court on Saturday remanded Chanda Kochhar and Deepak Kochhar to CBI custody till December 26. The CBI had arrested the couple on Friday in connection with their alleged role in the ICICI Bank-Videocon money laundering case. Venugopal Dhoot of Videocon Group is a co-accused in the case.
UIDAI urges people to keep documents updated in Aadhaar issued 10 years back
Those who got their Aadhaar issued 10 years back, and have never updated after that in all these years, are encouraged to get their documents updated. According to the Ministry of Electronics and Information Technology, people can update their Aadhaar by uploading supportive documents (proof of identity and proof of address), either online through the myAadhaar portal or offline by visiting the nearest Aadhaar centre.
Chanda Kochhar got flat in Mumbai, financial gain through fraud, says CBI
Earlier in the day, a special court in Mumbai sent Chanda Kochhar and her husband Deepak Kochhar to CBI custody till Monday in connection with the case. While arguing on the matter, public prosecutor of CBI said that loss of Rs 1,730 crore was caused to ICICI bank by the accused.
India-UK ties hinge on a Free Trade Agreement in 2023
David Cameron as Britain's Prime Minister between 2010 and 2016 greatly desired enhancing relations with India to a "special relationship" - a term applied by London only to the deep understanding with the United States since the Second World War. Even before he became head of government, Cameron, as leader of opposition, while visiting India wrote in The Guardian on September 5, 2006: "India has established beyond argument, through its economic and political success, its right to a seat at the top table."
Calibrated monetary policy action is warranted to contain build-up in underlying inflationary pressures: RBI Governor
Saying that inflation remains above the upper tolerance level, Reserve Bank of India (RBI) Governor Shaktikanta Das stated that calibrated monetary policy action is warranted to contain build-up in underlying inflationary pressures.
Most painful to discover that Bhavik Koladiya was among traitors: Ashneer
Koladiya this year moved on from the fintech company to pursue other assignments. "I was the only person who believed him and led him to attain redemption after his unsuccessful start in the US. I had allowed him to do a secondary of Rs 4 crore within months of starting BharatPe, when the company had raised only Rs 1.9 crore," Grover wrote in his book.
Air India launches 'FogCare' initiative to minimise disruption
This initiative will initially be launched for flights departing from and arriving at Delhi's IGI Airport.Under FogCare, Air India will take proactive steps to isolate the impact of fog on flight operations, which usually takes place in the early mornings and late evenings, but often also cascades throughout the day.
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