FIR againt 550 beneficiaries in Banswara for non-utilization of funds under PM housing scheme

Udaipur : In a first, legal action has been initiated at a mass level in a special ongoing campaign under the Pradhan Mantri Awaas Yojana in Banswara district. The district administration has proposed and initiated criminal cases against 550 beneficiaries who were alloted the first installment under the scheme, however, the  house construction work has not … Read more

Andhra Bank raises Rs 500 crore on private placement basis

Andhra Bank has raised Rs 500 crore by issuing Basel III-compliant bonds on a private placement basis. The bank has issued 9.2% unsecured fully paid-up non-convertible Basel III compliant additional tier I capital perpetual debt bonds in the nature of debentures for an amount of Rs 500 crore on private placement basis. The issue was … Read more

JSW Steel seeking environment clearance for Odisha mega steel plant: Report

JSW Steel is reportedly seeking environment clearance for its mega steel plant cum captive power plant (CPP) proposed near Paradip in Odisha. In this regards, the company has applied for green nod for the crude steel plant of 13.2 million tonnes per annum (mtpa) and 900 Mw CPP to be set up within the integrated … Read more

Bajaj Finance raises Rs 485 crore through private placement

Bajaj Finance has raised funds aggregating to Rs 485 crore through private placement. The Debenture Allotment Committee of the company at its meeting held on October 31, 2017, has allotted 4850 Secured redeemable non-convertibles debentures of face value of Rs 10 lakh each aggregating to Rs 485 crore. Bajaj Finance, the lending and investment arm … Read more

LG Balakrishnan to terminate Dealership, Hire Purchase Agreements with Tata Motors

LG Balakrishnan & Brothers has received an approval to initiate steps to terminate the Dealership & Hire Purchase Agreements between the company and Tata Motors within December 31, 2017. The board of directors at its meeting held on October 31, 2017 has approved for the same. The decision to close the Dealership & Hire Purchase … Read more

Strides Shasun to merge wholly owned subsidiaries with itself

Strides Shasun has received an approval for the Scheme of Amalgamation for the merger of its wholly owned subsidiaries (WOSs) viz., Arrow Remedies, Fagris Medica and Strides Chemicals, with itself. The Board of Directors of the company at their meeting held on October 31, 2017, considered and approved the same. The merger is expected to … Read more

Married woman ends life, hang with lover

Udaipur : In yet another shocking incident, a married woman and mother of 3 kids committed suicide by hanging along with her lover in Paliyakheda village of Jhadol block of the district. Both were found  hanging from a tree on the Sailana road here on Thursday morning. According to the police Neela (30) do Gabba Damor … Read more

Signage at Badi Talab imparting incorrect info, claim experts 

Udaipur : Members of the Udaipur chapter of INTACH (Indian National Trust for Art and Cultural Heritage) have demanded the officials to rectify information displayed on the signage at Badi talab, one of a prominent tourist spot in Udaipur city. PS Ranawat, a retired professor and coordinator of the Geo Heritage group of INTACH, in his … Read more

Govt unveils Rs 9 lakh cr package to boost economy

New Delhi : Seeking to boost note ban and GST-hit economy, Finance Minister Arun Jaitley today announced a massive Rs 6.92 lakh crore infrastructure spending and another Rs 2.11 lakh crore for bank recapitalisation to revive investments as well as growth. Flanked by all his five secretaries and Chief Economic Advisor, Jaitley reeled out economic indicators … Read more

Retd RAS officer hangs self

Udaipur : Shantilal Nagda, a retired RAS officer was found hanging from the ceiling of a room in his paternal temple here in Devali area under Ambamata police station on monday late evening. Before hanging himself, he had attempted to slit his wrists too, police said. The news came as a rude shock for the city people as … Read more

Dropee Launches Full Release of its B2B Marketplace with a New Web Interface

Kuala Lumpur :  Dropee, a local based technology start-up, today launched the full release of its B2B marketplace and introduced a new web interface to further streamline trading between suppliers and retailers.  Prior to the full release, Dropee was running on beta since early this year. Unlike previously, current Dropee is able to support any number … Read more

3 arrested for possessing arms through forged licencse from Nagaland 

‘500 persons across Raj holding such licenses, arms’ Udaipur : Udaipur police on Sunday has arrested 3 persons for possesing illegal arm licences that were issued to them on the basis of forged documents from Nagaland. The cops have also seized 11 firearms, 110 bullets and fake licenses  from the accused. ” Upon primary interrogation, it is suspected … Read more