Tharoor reacts: Sunanda Pushkar would never have committed suicide

Politician Shashi Tharoor said his wife would never commit suicide, and termed the charges of abeting her suicide “unbelievable”. “I have taken note of the filing of this preposterous charge sheet & intend to contest it vigorously,” Tharoor said. “No one who knew Sunanda believes she would ever have committed suicide, let alone abetment on […]

Delhi Police drops murder charges against Shashi Tharoor; Swamy says will pursue murder angle

Delhi Police has dropped its initial charge of murder against politician Shashi Tharoor in its final chargesheet in the Sunanda Pushkar murder case. Instead, the police has gone with ‘abetment to suicide’ and ‘cruelty’ towards spouse. Initially, the police had started investigations on the basis of an FIR mentioning murder and section 302, but the […]

India withdraws import duty on solar modules within months of imposition

India has withdrawn its decision to impose a duty of 7.5% (effectively around 10%) on imports of solar modules, and this could give a shot in the arm for the solar power industry, according to India Ratings. The move could also help achieve the government’s target of achieving total, grid-connected solar power capacity of 100 […]

Not impacted by hacking attempt – Idea Cellular, Aditya Birla Cap

Two companies belonging to the Aditya Birla Group issued clarifications that they were not impacted by an attempted hacking of computers as reported in media reports. Telecom services provider Idea Cellular and financial services firm Aditya Birla Capital said they were not impacted. However, a third firm, Ultratech Cement, said there was an attempt “to […]

Future Group cos say no decision on selling 10% stake

Companies belonging to the Future Group, which runs India’s largest super market chain Big Bazaar, said they have not taken any decision on selling a minority stake to any global retailer. Their comments came in response to a clarification sought by the stock exchanges into a news report that quoted Future Group founder Kishore Biyani […]

RIL says tax tribunal satisfied with Biometrix deal

Reliance Industries said it was not aware of any inquiry into the funds received by entities connected with it or its promoters from Singapore-based Biometrix Marketing. It also said, as far as it was aware, that the Income Tax Appellate Tribunal “was satisfied with the source of funds”. The clarifications came after report by the […]

Jaitley blames ‘sudden and unusual’ demand for cash crunch

Finance minister Arun Jaitley blamed a ‘sudden and unusual’ increase in the demand for cash for causing a scarcity in currency notes in some states. Commenting on the reports that banks are running short of cash in many states such as Andhra Pradesh, Uttar Pradesh, Bihar and Madhya Pradesh, Jaitley said he has reviewed the […]

Mahindra Defence, BEL ink MoU for long-term partnership

Mahindra Defence Systems said it has entered into a long-term partnership with Government of India-controlled defence electronics manufacturer Bharat Electronics Ltd “to jointly address emerging opportunities in the domestic market”. The two will address opportunities created by policy initiatives of the Government of India, like ‘Make in India’ and the ‘Export Promotion Policy’ of the […]

Punj Lloyd, Adani tie up with Rave Gears USA to manufacture helicopter parts

Punj Lloyd, Rave Gears (USA) and Adani Group said they will set up a joint venture to manufacture helicopter parts. The collaboration will use the manufacturing base in India for exports to global OEMs, both in the military and civil aerospace domain, Adani Defence & Aerospace said. The JV will design, manufacture and assemble high […]

CBI closes inquiry into Kirti Azad’s complaint on “DDCA scam”

The Central Bureau of Investigation has closed its investigation into complaints of financial irregularities at the Delhi & District Cricket Association, the Lok Sabha was informed today. “A preliminary enquiry was registered in SC-II branch (of the CBI) on 23.10.2015 against unknown office bearers of Delhi & District Cricket Association (DDCA) and unknown others, on […]

‘Fake news’ directive withdrawn on Modi’s orders

Faced with severe criticism from the media and the opposition, the Prime Minister’s office has directed the Information & Broadcasting ministry to withdraw the ‘fake news’ directive. The ministry had, last evening, issued a statement that envisaged provisions to punish journalists who reported ‘fake news’. According to the press release issued yesterday, action — including […]

Chief Justice refuses urgent relief on SC/ST Atrocities judgment

Chief Justice of India Deepak Misra refused to hear a petition filed by a Dalit activists’ organization seeking urgent relief from the a recent judgment by another bench that imposed restrictions on the powers of the police in cases filed under the SC ST Prevention of Atrocities Act. “If you have filed a petition, it […]