The Enforcement Directorate (ED) has arrested meat exporter Moin Qureshi, a childhood friend of former CBI Director A.P. Singh, on money laundering charges. The Directorate is also probing alleged foreign exchange rule violations by Mr. Qureshi. “We have arrested Mr. Qureshi under the Prevention of Money Laundering Act. He will be produced before a city court today and his custody […]
» Read moreThe Reserve Bank of India (RBI) said the supply of Rs 200 notes, brought into circulation on Friday, will soon be ramped up across the country through banking channels. “The production of these notes is being ramped up by the currency printing presses and over time as more notes are printed, it will be distributed across the country through the […]
» Read moreChina on Thursday slammed India for apparently building a new road in the Ladakh sector, but lavished praise on Pakistan as its key partner. The move signals a sharper polarisation of Beijing’s ties in the subcontinent, following the Doklam crisis. “It seems that Indian side is slapping its own face,” Chinese Foreign Ministry spokesperson Hua Chunying said, in response to […]
» Read moreRailway minister Suresh Prabhu indicated on Wednesday that he’s offered to resign after taking “moral responsibility” for two recent train accidents, but Prime Minister Narendra Modi has asked “me to wait”. Prabhu said he’s “extremely pained” by the two train derailments in Uttar Pradesh, one on Tuesday+ and the other last week. In Tuesday’s Kafiyat Express derailment, 70-plus passengers were […]
» Read moreThe Enforcement Directorate (ED) has issued fresh summons to the wife of RJD MP P.C. Gupta for recording her statement in connection with alleged corruption in awarding maintenance contracts of two railway hotels to a Patna-based private company when party chief Lalu Prasad was Railway Minister. Three more suspects have been summoned. The notice has been served on Sarla Gupta […]
» Read moreMcDonald’s is shutting down 169 stores in India, which may lead to more than 10,000 people losing their jobs. The US burger chain, which has a presence in around 119 countries, said on Monday that it was terminating its agreement with Connaught Plaza Restaurant (CPRL) due to alleged breach of franchise agreements. CPRL is a 23-year-old 50:50 joint venture (JV) […]
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