JSW Infra to boost container capacity at New Mangalore Port
Austrian Real Estate Tycoon Questioned Over Italian Warrant
Fallen Austrian real estate tycoon Rene Benko was questioned by Austrian authorities on Tuesday after an arrest warrant was issued in Italy, according to officials. Media reports linked the warrant to a wide-ranging corruption investigation. Benko, once one of Austria's wealthiest individuals, saw his Signa empire collapse in what became the largest insolvency case in the country's history. After being questioned in Innsbruck, he was released, as confirmed by a spokesman for the Austrian prosecutors. The spokesman confirmed that Benko had been questioned based on the arrest warrant issued in t..
SC Grants Bail to SRS Group's Chairperson In Rs 7.7 Bn Fraud
The Supreme Court granted bail to Anil Jindal, chairperson of SRS Group, on Wednesday in an alleged fraud case involving Rs 7.7 billion, which is under investigation by the Serious Fraud Investigation Office (SFIO). A bench consisting of Chief Justice Sanjiv Khanna and Justice Sanjay Kumar noted that Jindal had been in jail for over six and a half years, and the trial in the case had yet to begin. While the Chief Justice acknowledged the seriousness of the offence, he highlighted that Jindal's prolonged incarceration without trial could not be overlooked. The bench remarked that Jindal could f..
Norway Government Eases Loan-To -Value Mortgage Limit To 90%
The Norwegian government will ease its loan-to-value restriction on mortgage lending, the finance ministry said, loosening a policy that had constrained borrowing and led to a decline in the construction of new homes. The revised rule set a maximum loan-to-value mortgage ratio of 90%, up from 85% previously, requiring borrowers to put up 10% equity when buying a home, down from 15% previously. "The change will allow more people to enter the housing market," Finance Minister Trygve Slagsvold Vedum said in a statement. First introduced in 2015, the mortgage regulation aims to protect the banking..