Citibank fraud

March 30th, 2011 admin Posted in Current affairs No Comments »

Puri was a relationship manager at Citibank’s DLF Phase-II branch in Gurgaon, where he allegedly lured rich clients to invest in a fraudulent scheme that promised high returns. It is alleged that Sanjay Gupta and Gaurav Jain, employees of Hero Corporate, connived with Puri. Several Hero Group and Munjal family entities invested in the scheme.

AddThis Social Bookmark Button

Cricket beckons

March 30th, 2011 admin Posted in Current affairs No Comments »

Offices have changed timings to make sure the employees don’t miss tomorrow’s action and a number of theatres — starved of film releases since the world cup began — plan to screen the match. SRS in New Delhi has invited its employees and associates to come with family and friends to watch the match.

AddThis Social Bookmark Button

ADAG, Essar used fronts to corner spectrum: CBI

March 30th, 2011 admin Posted in Current affairs No Comments »

Swan Telecom and Loop Telecom were used as fronts by the ADA Group and Essar Telecom, respectively, to get 2G spectrum illegally during the tenure of former telecom minister A Raja, the Central Bureau of Investigation (CBI) has told the Supreme Court.

AddThis Social Bookmark Button

Silver scales new peak at Rs 50,700 on global cues, gold dips

March 1st, 2011 admin Posted in Current affairs No Comments »

Silver climbed a new high by adding Rs 150 to Rs 50,700 per kg on the bullion market today on heavy speculative buying, amid firm global trends. However, gold slipped by Rs 110 to Rs 21,070 per 10 grams, due to sluggish demand at existing high levels.

AddThis Social Bookmark Button

Lifestyle aim to double turnover in 2 years

February 19th, 2011 admin Posted in Current affairs No Comments »

Lifestyle International, part of Dubai-based Landmark Group, has set a target of doubling its turnover of Rs 2,000 crore in India in the next two years, a top company executive said.

With its 26th store in India launched here today, Lifestyle expects to exceed Rs 2,000 crore this financial year and more than double it in two years by adding another 14 stores, Kabir Lumba, Managing Director, Lifestyle International, told reporters here.

AddThis Social Bookmark Button

MakeMyTrip acquires S’pore-based travel firm

February 11th, 2011 admin Posted in Current affairs No Comments »

MakeMyTrip.com (MMT) has acquired a 79 per cent stake in Singapore-based travel agency Luxury Tours & Travels Pte Ltd (LTT) for $3 million.

MMT will invest another $0.75 mn in the company, in one or more tranches until June 2012, for the subscription of new equity shares to be issued by LTT.

AddThis Social Bookmark Button

Ratan Tata repeats flying feat at 74

February 11th, 2011 admin Posted in Current affairs No Comments »

Ratan Tata, Chairman of the Tata Group, was the centre of attraction on the second day of Aero India 2011 by flying in a fighter jet. The 74-year old veteran of the Indian corporate world surprised everybody by flying in a F/A-18 of Boeing, repeating a feat he’d demonstrated in 2007.

“It takes a lot more to fly the F-18 as compared to a Falcon,” said Tata after returning to the ground.

AddThis Social Bookmark Button

High food prices forcing Indians to cut other spendings: study

January 31st, 2011 admin Posted in Current affairs No Comments »

Rising inflationary pressures, especially high food prices, have become a major cause of concern for Indians, who are being forced to cut down discretionary spends, according to The Nielsen Global Consumer Confidence Index.

Despite being the most optimistic globally when it comes to their job and personal finance for the next 12 months, the survey said, in the next six months Indians will be most concerned about increasing food prices.

AddThis Social Bookmark Button

McDonald’s likely to raise prices

January 25th, 2011 admin Posted in Current affairs No Comments »

McDonald’s Corp plans to raise prices this year to help offset an expected rise in its grocery bill for the 10 commodities that account for around 75 per cent of its food preparation costs.Food prices are rising around the globe and the comments from the world’s biggest restaurant chain overshadowed weaker-than-expected December sales at established European and US restaurants, as poor weather hurt demand, and a reported fourth-quarter profit that was in line with expectations.

AddThis Social Bookmark Button

2G scam: CBI raids premises of Radia, Baijal

December 15th, 2010 admin Posted in Current affairs No Comments »

The CBI today carried out searches at the premises of corporate lobbyist Niira Radia and former TRAI chairman Pradeep Baijal in connection with the alleged Rs 22,000 crore 2G spectrum scam, a week after conducting raids at the residences of former Telecom Minister A Raja.

AddThis Social Bookmark Button