Saradha scam : ED questions former Cong Min Matang Singh

The Enforcement Directorate has questioned former Congress Minister Matang Singh in connection with the multi-crore Saradha scam case. Official sources said, Singh was questioned in the national capital and his statement was recorded under the provisions of the Prevention of Money Laundering Act. So...

Rachmaninov's handwritten score sold for $2.02mn at Sotheby's

The 320-page handwritten manuscript of Russian composer Sergei Rachmaninov's Second Symphony, sold for 2.02 million US dollars in London. It is considered to be the sole surviving handwritten manuscript of the symphony, and has been on display at the British Library in London since 2005. So...

Western and Central Railways gear up for monsoons

Railway authorities are gearing up to keep the traffic on tracks and up running during the monsoon, which is likely to hit the Maharashtra coast early June. Western Railway said in a release today that the preparations include cleaning of culverts, installations of pumps and special maintenance of i...

Fish in the hills! Himachal emerges as trout hub

In Himachal Pradesh, Kullu valley is not only famous for its scenic beauty but is also emerging as a big trout producing place. Trout is found in Beas and Tirthan river in Banjar valley of the District, Barot in Mandi as well as Sangla in Kinnaur Districts. V.K.Puri, Deputy Director, Indo-Norwegian ...

RBI Governor calls for greater operational flexibility to public sector banks

Reserve Bank Governor Raghuram Rajan has pitched for greater flexibility to Public Sector Banks (PSBs). Delivering the annual day lecture of Competition Commission of India in New Delhi today Rajan said that PSBs can become more competitive by distancing themselves from government influence.He said,...

World Free Zones Organization launched in Dubai

Gold demand in India declined by 26 per cent to 190.3 tonne during the January-March quarter due to higher import duties and supply curbs imposed by the government, the World Gold Council today said.In the first quarter of 2013, the gold demand in the country had logged in 257.5 tonne, according to ...

Competition Appellate Tribunal upholds Rs. 630 cr penalty on DLF

The Competition Appellate Tribunal, Compat has upheld a Competition Commission of India, CCI order holding the real estate company DLF guilty of abusing its dominant market position with regard to a residential society in Gurgaon. DLF will now have to pay the penalty of 630 crore rupees levied by th...

India Inc invested USD 5.58 bln in overseas markets in April

Overseas direct investment by Indian companies stood at USD 5.58 billion in April 2014, much lower than in the year-ago period.The FDI by companies was USD 15.24 billion in April, 2013, the data of the Reserve Bank of India showed on Monday.The overseas FDI during the month under consideration consi...

Gold demand in India declined by 26 per cent to 190.3 tonne during the January-March quarter due to higher import duties and supply curbs imposed by the government, the World Gold Council today said.In the first quarter of 2013, the gold demand in the country had logged in 257.5 tonne, according to ...