Representative image India has asked the United States to release $26 million belonging to at least two Indian diamond firms frozen due to their alleged trade links with sanctioned Russian diamond major Alrosa, three Indian sources told Reuters. The Office of Foreign Assets Control (OFAC), the U.S. Treasury unit that oversees sanctions, froze the funds…
AGRA/BAREILLY: In a corner of the brick-and-mud house with chipping balustrade that Mohit Yadav called his home in Mainpuri’s Nagla Khushali village, there is a small wooden shrine before which he prayed every morning. Towards the end, as Mohit hurtled to his death, unable to deal with his joblessness after UPSRTC terminated his contract as…
MUMBAI: A coordination committee of the opposition INDIA bloc is set to be announced at the alliance’s meeting that will be held in Mumbai on August 31 and September 1, said Shiv Sena (UBT) members. The committee is likely to have prominent members from across the parties which are part of the alliance, and it…
Nissan Joseph, CEO, Metro Brands, says “the fortunate thing we have is in India the population and the growth is so much that it is really not a zero sum game where I can’t grow as competition opens up. It really is an end game where we can all grow. It is a matter of…
The National Company Law Tribunal Tuesday granted State Bank of India time till September 18 to file a rejoinder in response to the voluminous reply filed by PC Jeweller Ltd. The counsel for the public sector bank had sought time from the principal bench of the tribunal, comprising of the president Justice (retd) Ramalingam Sudhakar…
NEW DELHI: Asia’s richest man Mukesh Ambani took another step on Monday to lay out a succession plan at Reliance Industries Ltd.The 66-year-old elevated his three children as non-executive directors to Reliance’s board and said he will spend the next five years of his chairmanship preparing them to take charge of the conglomerate’s transformation into…
Taneira, the women’s ethnic wear brand from Titan, the TATA group company, is planning to become a Rs 1,000 crore brand by FY 2027. It also aims to take the total store count to more than 200 by FY 2027, Ambuj Narayan, CEO, Taneira told ETRetail. Launched in 2017, Taneira currently boasts of 50 stores…
NEW DELHI: An IndiGo flight operating from Madurai to Mumbai, 6E 2012, on Tuesday suffered an engine snag and then landed safely at its destination. The Airbus A321 (VT-IUJ) saw one of its Pratt & Whitney (PW) engines shut down in-flight. Since twin engine aircraft can land safely on one engine, one did so in…
Sivaramakrishnan Ganapathi, vice chairman & MD, Gokaldas Exports The Bengaluru-headquartered Gokaldas Exports on Monday announced that it has, through its wholly owned subsidiaries, entered into an agreement to acquire Atraco Group (Atraco), a Dubai-based manufacturer of apparel with a strong market position and customer relationships across the US and Europe. The equity value of the…
NEW DELHI: The Supreme Court on Monday disposed of a plea filed against demolition drive near Krishna Janmabhoomi in Mathura to remove alleged encroachment on government land and refused to grant any protection to those removed from the land and asked them to raise their grievances before lower court where the suit is pending. Petitioner…
