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ADB greenlights166 million package for urban infrastructure in nepal
ED Conducts Searches at 16 Locations Linked to Kalpataru Group in Lucknow
The Directorate of Enforcement (ED), Lucknow zonal office, conducted searches on Thursday at 16 locations linked to the Kalpataru Group of Companies in Agra, Mathura, and Noida concerning a Rs 6.81 billion ponzi scheme. During the searches, ED officials seized over Rs 10 million in unexplained cash, sale deeds and documents for 88 immovable properties, as well as digital and electronic evidence related to hundreds of properties connected to the case. The investigation revealed that the company had launched a scheme through which approximately 1,000 individuals were defrauded with promises of..
ITC Acquires 2.44% in EIH and 0.53% in Leela Hospitality Chains
ITC, which plans to demerge its hotels business from January 2025, announced that it has acquired shares in rival hospitality chains Oberoi and Leela through its wholly-owned arm, Russell Credit. The company stated in a regulatory filing that it had acquired 2.44 per cent of the share capital (comprising Rs 10.52 million equity shares of Rs 2 each) of EIH and 0.53 per cent of the share capital (comprising 34.60 lakh equity shares of Rs 2 each) of HLV from RCL. Following the acquisition, ITC's shareholding in EIH and HLV now totals 16.13 per cent and 8.11 per cent of their respective paid-up s..
Traders Protest Over Hike in Property Tax and Electricity Tariff in TN
Traders and shopkeepers across the district went on strike to protest the increase in property tax, the 18 per cent GST on commercial properties, and the rise in electricity tariffs. As part of the strike, grocery stores, restaurants, bakeries, textile shops, jewellery stores, cellphone shops, and electrical shops were closed. Approximately 300 shops in the Tirupur cotton market complex and vegetable market also shut down. Protests took place in various areas, including Tirupur city, Avinashi, Perumanallur, Dharapuram, Palladam, and Uthukuli, where demonstrators called on both the Union an..
