Business News


Saradha boss now denies links with Mamata regime

Friday, May 17th, 2013
Saradha boss now denies links with Mamata regimeKolkata, May 17: The Saradha chit fund scam's suspected kingpin Sudipta Sen who earlier had reached out to the CBI accusing West Bengal's ruling Trinamool Congress of complicity in the swindle, has now approached the court opposing probe by the central agency.  Sen, now behind bars, has not only filed an ...

Saradha company CEO quizzed, another chit fund agent kills himself

Tuesday, May 14th, 2013
Saradha company CEO quizzed, another chit fund agent kills himself Kolkata, May 14: A deposit firm agent committed suicide, while police quizzed a CEO of a company under the Saradha group banner Monday as West Bengal continued to grapple with the fallout of the chit fund scam, purported to be the biggest financial scandal to hit the state.Ujjwal Samaddar, 27, ...

Now a Shariah Index for financial inclusion of Indian Muslims

Monday, May 6th, 2013
Now a Shariah Index for financial inclusion of Indian Muslims New Delhi,May 6 : Followers of Islam, the second largest faith in the world with an estimated 1.7 billion believers, can now be surer when an Indian firm stands the pre-requisites for observant Muslims. The Shariah index launched by the Bombay Stock Exchange (BSE) is a new measure in town, ...

Bengal chit fund scam claims one more life, Sen’s 254 bank accounts found

Saturday, May 4th, 2013
Bengal chit fund scam claims one more life, Sen's 254 bank accounts found  Kolkata, May 4 : The toll in the multi-crore chit find scam in West Bengal rose to six with a "Ponzi" firm owner allegedly committing suicide while police unearthed 254 bank accounts of Saradha Group chairman Sudipta Sen and seized Rs.100 crore Friday. The action around the chit fund muddle has ...

Indian fashion industry needs to go far: Ritu Kumar

Tuesday, April 30th, 2013
Indian fashion industry needs to go far: Ritu Kumar New Delhi, April 30 : The Indian fashion industry has grown from being virtually non-existent to being rich and vibrant but still needs to go “very far” and needs to do something to preserve the nation’s rich handloom heritage, says veteran designer Ritu Kumar, credited with starting the boutique culture ...

Gehlot in Israel to bring back farm technology

Monday, April 29th, 2013
Gehlot in Israel to bring back farm technology Jaipur, April 29: A delegation from Rajasthan led by Chief Minister Ashok Gehlot now visiting Israel held talks with officials on cooperation in agriculture, horticulture and water resources, a statement issued here said Sunday.  Cooperation in water management, particularly drip and sprinkler irrigation in water-deficient Rajasthan, was also discussed, the statement ...

SC seeks response from Sahara on SEBI’s plea

Tuesday, April 23rd, 2013
SC seeks response from Sahara on SEBI's plea Mumbai,Apr 23: The Supreme Court today directed two Sahara group companies to explain within one week why their promoter Subrato Roy and three male directors should not be detained in civil prison and their passports should not be impounded. Sebi has also asked the court to call Roy and directors ...

TRS opposes Telangana iron ore for Vizag Steel Plant

Monday, April 22nd, 2013
TRS opposes Telangana iron ore for Vizag Steel Plant Hyderabad,April 22 : Telangana Rashtra Samithi (TRS) Sunday vowed not to allow transport of iron ore mines from Telangana for Visakhapatnam Steel Plant, saying these mineral resources should be used only for the region's development. TRS, which is fighting for separate statehood to Telangana, is strongly opposed the government move allocating ...

India tops global remittances list, received $69 billion in 2012

Sunday, April 21st, 2013
India tops global remittances list, received $69 billion in 2012 New Delhi, April 21 :  According to the latest edition of the World Bank's Migration and Development Brief, officially recorded remittance flows to developing countries grew by 5.3% to reach an estimated $401 billion in 2012. Remittances to developing countries are expected to grow by an annual average of 8.8% for ...

Wipro meets forecast but projects flat growth

Friday, April 19th, 2013
Wipro meets forecast but projects flat growth Bangalore, April 19 : Wipro Ltd. has met its revenue forecast for its global IT services in the fourth quarter (January-March) of the 2012-13 fiscal, but projected flat growth for the first quarter (April-June) of this fiscal (2013-14) in dollar terms, as the global environment continues to be challenging. Though IT ...
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