IRCTC hotel scam: ED asks Tejashwi, Rabri Devi to appear on November 20, 24 Posted on 17th November 2017 |
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| The Enforcement Directorate (ED) on Friday issued a notice to former Bihar deputy chief minister Tejashwi Yadav and former Bihar chief minister Rabri Devi, asking them to appear on November 20 and November 24 respectively, in connection with the IRCTC hotel scam. Earlier on November 13, the ED questioned the former Bihar deputy chief minister in connection with the scam. On October 10, Tejashwi was interrogated by ED for eight and half hours in association with the case. He was questioned about money laundering in the railway hotel allotment case as the agency was unsatisfied with Yadav's earlier probe. Tejashwi also failed to depose before the ED after ignoring three prior summons in regards to the same case. The investigative agency had, in July, registered a corruption case against Lalu, his wife Rabri Devi, Tejashwi, Sarla Gupta, wife of Prem Chand Gupta, Vijay Kochar and Vinay Kochar, both directors of Messer's Sujata Hotel Private Limited, Messer's Delight Marketing Private Limited, P.K. Goel, the then Managing Directors, IRCTC and others under Section 120B read with Section 420 of the Indian Penal Code (IPC) and Section 13(2) read with Section 13(1)d Prevention of Corruption Act 1988 in connection with the case. The FIR, lodged by the CBI against the RJD chief, stated that there were irregularities in awarding the tender for development, maintenance and operation of the BNR hotels in Ranchi and Puri when Lalu was the railway minister from 2004 to 2009. The investigating agency has alleged that the tender process was rigged, manipulated and the conditions were tweaked by the then railway minister to help a private hotel company. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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| Be the first person to write a business review for IRCTC hotel scam: ED asks Tejashwi, Rabri Devi to appear on November 20, 24 |
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