ED claims to have busted racket of illegal diversion of public funds after the tech firm raised Rs 36.6 cr in IPO in 2022. Probe stems from FIRs against promoter Harshavardhan Sabale.
In latest sign of its growing financial troubles, cash-strapped Punjab govt has requested Centre to increase its borrowing limit for this financial year above the sanctioned limit.
Speaking after 27th meeting of Financial Stability and Development Council, Ajay Seth said easing of KYC norms and dealing with financial crises early were among the issues discussed.
Punjab's finances the biggest challenge facing the AAP govt about to table its first budget. ‘Increasing revenue without imposing new taxes’ priority, says finance minister Cheema.
Depressed and ailing, three women in Delhi's Vasant Vihar area were found dead in a house with windows covered in plastic and four suicide notes detailing their financial troubles.
Since Evergrande nearly defaulted on its debt, China is taking a close look at rules governing residential real estate. Local govts now want more say in how escrow accounts are used.
The likelihood of financial distress caused by the 2nd wave is much higher & it could lead to more outright sales of gold, unlike in 2020, when people chose to take out loans against gold.
The World Bank said India is particularly vulnerable to sovereign debt and funding risks, especially after the Covid pandemic shuttered businesses and left millions jobless.
The US and Israel’s assassinations of Iranian leadership ended up bestowing martyrdom on those killed. Shias saw the deaths as a continuity of martyrdom from the Battle of Karbala.
India’s fast-growing data centre sector may strain state electricity networks; Central Electricity Authority has urged Maharashtra, Andhra Pradesh, Telangana and Tamil Nadu to boost capacity.
Theaterisation, which aims to divide the forces into three theatres with specific areas of responsibility, will become the single most far-reaching reform that the Indian military has witnessed since independence.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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