The Enforcement Directorate on Tuesday arrested Financial Technologies India Ltd (FTIL) founder Jignesh Shah in connection with its probe into the Rs 5,600-crore National Spot Exchange Limited (NSEL) money laundering scam. Officials said Mr Shah was arrested under the provisions of the Prevention of Money Laundering Act (PMLA) as “he was not cooperating in the investigation”. They said Mr Shah […]
» Read moreThe recently busted Islamic State’s (IS’s) module comprising five Hyderabadis could be bigger than what the law-enforcing agencies initially suspected. National Investigation Agency (NIA) officials on Tuesday arrested two more youth from the city on the charge of aiding and abetting the five suspects arrested earlier. Ataullah Rehman and Yasser Naimathullah were picked up from Quba colony of Bandlaguda and […]
» Read moreUnion ministers Najma Heptullah and Gowdara Mallikarjunappa Siddeshwara on Tuesday resigned from the Union council of ministers. Their resignations were accepted by the President.
» Read moreNirma Ltd. has agreed to acquire Lafarge India’s cement assets for about $1.4 billion (Rs.9,400 crore), outbidding Sajjan Jindal-led JSW Cement and Piramal Enterprises, as Indian companies vie to add capacity for the building material to tap growing demand from the infrastructure sector. LafargeHolcim, the Swiss building materials behemoth created out of the 2015 Lafarge-Holcim merger, will sell its Lafarge […]
» Read moreFollowing the formation of KCR government in Telangana, the two prominent opposition parties Congress and TDP have been trying to muscle out each others in a bid to cash in on the anti incumbency in the 2019 polls. Leaders of both Congress and TDP were at loggerheads even during the GHMC elections early this year. However, in a rather unexpected […]
» Read moreAn autorickshaw driver returned Rs 1.50 lakh to a passenger from Dombivli who was carrying it to pay as token money for his new flat. The incident took place on Sunday when the passenger, Krishna Gosavi took an auto from Sagarli area to Davdi-area based builder’s office in Dombivli to pay money for his new flat. While travelling in the auto, […]
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