India has offered Bangladesh a fresh 1 billion US Dollar line of credit for the development of trade facilities and infrastructure.The offer was made at a meeting of the Joint Working Group on Trade that ended in Dhaka last evening. India has also offered to supply another 500 megawatts of power to ...

US lifts contract ban on BP

The United States has lifted a ban that prevented the oil giant BP from winning new government contracts.The ban was imposed as a penalty for the 2010 Gulf of Mexico oil spill, the worst in US history.The ban has been lifted after the firm agreed to a set of safety, operations and compliance require...

SC rejects Subrata Roy's bail plea

The Supreme Court today rejected Sahara chief Subrata Roy's bail plea saying that it can not release him as the company is yet to give proposal to repay investor's money.Subrata Roy had yesterday challenged before the apex Court his detention order passed by a two-member bench call...

CBI registers Preliminary Enquiry against SEBI ex-chairman Bhave, others

CBI has registered a Preliminary Enquiry, in connection with alleged irregularities in granting sanction to the MCX Stock Exchange (MCX-SX) by the SEBI in 2008 and renewing the recognition in 2009 and 2010.The Inquiry is against ex-chairman of Security and Exchange Board of India, SEBI, C B Bhave an...

CBI registers Preliminary Enquiry against SEBI ex-chairman Bhave & former member Abraham

CBI has registered a Preliminary Enquiry, against Security and Exchange Board of India ex-chairman, SEBI, C B Bhave and former member K M Abraham. Besides this the premier invesigating agency also registered an enquiry against Jignesh Shah, founder of Financial Technologies India Ltd and MCX, among ...

SC rejects Subrata Roy's bail plea

The Supreme Court today rejected Sahara chief Subrata Roy's bail plea saying that it can not release him as the company is yet to give proposal to repay investor's money.Subrata Roy had yesterday challenged before the apex Court his detention order passed by a two-member bench call...

SC rejects Subrata Roy's bail plea

The Supreme Court today rejected Sahara chief Subrata Roy's bail plea saying that it can not release him as the company is yet to give proposal to repay investor's money.Subrata Roy had yesterday challenged before the apex Court his detention order passed by a two-member bench call...

Global culinary delights at 'Taste of Dubai ' food fest

Public sector PEC investment in NSEL case: CBI conducts searches at 15 locations

The CBI is conducting searches at 15 locations in a case related to investment by public sector unit PEC in the National Spot Exchange Limited, NSEL. CBI sources today said, the searches are being conducted in Mumbai, Delhi and at eight residences of officials, including five of PEC and two of NSEL....

New Italy PM Renzi proposes sweeping tax cuts

Italy's new Prime Minister Matteo Renzi has proposed sweeping tax cuts, in a bid to revive the country's economy. In his first full news conference, he insisted that the tax cuts will not breach European Union budget deficit limits.Mr Renzi said income tax would be reduced by a tot...