• Mon, Feb 19, 2018
  • After Nirav Modi, Rotomac Pen owner flees

    Updated: Feb, 18, 201811:56 PM

    After billionaire diamantaire Nirav Modi, another defaulter Vikram Kothari, the promoter of Rotomac Pen, has also allegedly gone abroad after swindling Rs 800 crore from various public sector banks...
    After Nirav Modi, Rotomac Pen owner flees
    The Kanpur-based company's owner had taken a loan of more than Rs 800 crore from over five state-owned banks.Allahabad Bank, Bank of India, Bank of Baroda, Indian Overseas Bank and Union Bank of India compromised their rules to sanction loans to Rotomac, the sources said.According to local media reports, the promoter said speculation of his fleeing the country is baseless. I am a resident of Kanpur and I will stay in the city.However, I do have to travel to foreign countries for business purposes, Kothari said.Kothari took a loan of Rs 485 crore from Mumbai-based Union Bank of India and a loan of Rs 352 crore from Kolkata- based Allahabad Bank.A year later, Kothari has reportedly not paid back either the interest or the loan.Last year, Bank of Baroda (BoB), a consortium partner declared pen manufacturer Rotomac Global Pvt Ltd as wilful...
  • Goa Assembly session to be cut short due to Parrikar's illness Goa Assembly session to be cut short due to Parrikar's illness
    Updated: Feb, 18, 201810:45 PM

    The Budget session of the Goa Assembly will be curtailed to three days from the planned a-month-and-a-half because of Chief Minister Manohar Parrikar's illness, Deputy Speaker Michael Lobo said today.

  • Centre notifies draft rules for Compensatory Afforestation Fund Act Centre notifies draft rules for Compensatory Afforestation Fund Act
    Updated: Feb, 18, 201808:31 PM

    Questioning the delay by the government, Jairam Ramesh had recently shot off two separate letters to Environment Minister Harsh Vardhan and Rajya Sabha Chairman M Venkaiah Naidu.

  • Army Chief Bipin Rawat, NSA Ajit Doval visited Bhutan 2 weeks ago, discussed strategic issues Army Chief Bipin Rawat, NSA Ajit Doval visited Bhutan 2 weeks ago, discussed strategic issues
    Updated: Feb, 18, 201808:21 PM

    The Indian Army has also been strengthening its troop level in certain key sectors along the Sino-India border besides enhancing border infrastructure.

  • 1892 and 1924 pacts on Cauvery neither inoperative nor extinct: Supreme Court 1892 and 1924 pacts on Cauvery neither inoperative nor extinct: Supreme Court
    Updated: Feb, 18, 201808:14 PM

    Karnataka had attacked the two agreements of 1892 and 1924 on two counts, firstly by saying that the Maharaja of Mysore was not in a position to enter into an agreement on equal terms with the Madras...

  • Congress, Samajwadi Party to contest Uttar Pradesh Lok Sabha bypolls separately Congress, Samajwadi Party to contest Uttar Pradesh Lok Sabha bypolls separately
    Updated: Feb, 18, 201807:17 PM

    Voting for the Lok Sabha bye-elections will be held on March 11, while counting of votes will be held on March 14.

  • 76 per cent voter turnout in battleground Tripura 76 per cent voter turnout in battleground Tripura
    Updated: Feb, 18, 201807:13 PM

    State Director General of Police Akhil Kumar Shukla said security measures were put in place across Tripura for the Assembly election.

  • Gujarat dalit death: Rallies held, Jignesh Mevani detained Gujarat dalit death: Rallies held, Jignesh Mevani detained
    Updated: Feb, 18, 201806:57 PM

    The state's police control room said protesters tried to block roads in Patan, Gandhinagar and in Unjha town of Mehsana district, which is the hometown of Vankar.

  • PM Narendra Modi opens Rs 7,900-crore 4th terminal at JNPT PM Narendra Modi opens Rs 7,900-crore 4th terminal at JNPT
    Updated: Feb, 18, 201806:49 PM

    The overall capacity of the first phase, which entails a 1-km-long berth mostly built on reclaimed land, can handle three ships simultaneously, is 2.4 million standard container units.

  • Two policemen killed in encounter with Naxals in Chhattisgarh's Sukma district Two policemen killed in encounter with Naxals in Chhattisgarh's Sukma district
    Updated: Feb, 18, 201806:40 PM

    As the team was passing through the forest between Bhejji and Elarmadgu, around 500 km from state capital Raipur, it came under heavy firing from the ultras, leading to the gun-battle.