Business

Other bidders now say that Bhutani Group, facing I-T probe, has taken advantage of financial lacuna in the bid document by YEIDA by quoting such astronomical figure of 18% revenue when the minimum ask was 5 % and that it is also not clear if a tainted real estate company like Bhutani would be in a position to either deliver commercials or handle a sensitive project like this.

NEW DELHI: The Enforcement Directorate (ED) is awaiting additional arrests in the Chinese firm Vivo India’s Prevention of Money Laundering Act (PMLA) case, on Tuesday. Presently, the ED has summoned more persons to join the cohort of interim Chief Executive Officer (CEO) Hong Xuquan, alias Terry, alongside consultant Hemant Munjal and Chief Financial Officer (CFO) […]

The year was a phenomenal game-changer when it comes to the revolutionary gamechanger in the electric vehicles quotient in India. From EV leaders Tata to South Korean giants Hyundai, all were a part of the big boom in the transport industry in the country. To put matters into perspective, over six major electricity operated cars […]

NEW DELHI: Power giant, AES corporation, and its director were acquitted after a Special Court passed a verdict in their favour on the coal scam case, on Tuesday. The bench led by Special Judge Arun Bharadwaj passed the verdict in accordance to a case filed against them by the Central Bureau of Investigation (CBI). Tanvir […]

NEW DELHI: India’s wealthiest woman, Savitri Jindal, has witnessed an unprecedented surge in her wealth in 2023, outpacing other rich individuals like Mukesh Ambani and Gautam Adani, according to Bloomberg Billionaires Index data. The 73-year-old’s net worth soared by a staggering $9.6 billion in 2023. In contrast, Mukesh Ambani, the chairman of Reliance Industries (RIL) […]