The Enforcement Directorate on Wednesday morning arrested a manager of the Kotak Mahindra Bank for his alleged links with hawala trader Parasmal Lodha and Delhi-based lawyer Rohit Tandon. Sources in the ED said that the branch manager, Aakash, was arrested for allegedly converting over Rs 25 crore in demonetised notes linked to industrialist J. Sekhar Reddy...
A team of National Disaster Relief Force (NDRF) was rushed to the accident site where the Ajmer-Sealdah Express derailed on Wednesday early morning in Uttar Pradesh. "A team of NDRF has been sent to the accident site in Kanpur's Rura from Varanasi to carry on relief and rescue operations," a senior official of the NDRF told IANS. At least 43 passengers were injured...
Panama has announced it will prohibit Brazil's Odebrecht construction company from acquiring any new contracts until it returns the money it "removed" via corruption and bribes. Authorities in Panama, a country where Odebrecht has built important infrastructure, would also ban the firm from bidding on projects in which it was already partic...
At least 52 trains were running late and 10 rescheduled on Wednesday due to heavy fog in many parts of north India, a railway official said. According to the Northern Railway official, the Bhubaneswar Rajdhani Express was running over 24 hours behind schedule, the Sealdah Rajdhani Express was running 23 hours behind its schedule and the Swatantrata Se...
One would assume that an economic decision as important as demonetisation was based on, and driven by, evidence and strong data. It is, however, clear by now that this decision has been taken without any robust assessment of the proportion of black money held in cash, the quantum of notes with the public, and the number of notes actually in ...
The US sold weapons worth $40 billion in 2015, again making it the world's dominant supplier of weapons globally, according to a new congressional study....
Announcing that it will enable five million merchants to leapfrog to digital payments in 2017, mobile payment and e-commerce platform Paytm on Tuesday launched an array of new features to enhance security and increase usability both for consumers and merchants....
Prime Minister Narendra Modi on Tuesday said demonetisation had broken the backs of terrorism, drug and fake currency smuggling and human trafficking....
An unexpected migrant-propelled baby boom in Sweden has forced the "ill-prepared" Nordic nation to send many expecting mothers to neighbouring countries to deliver, media report said on Tuesday. ...
South Korea's largest flag carrier Korean Air Lines Co. said that it has instructed its flight attendants to more actively consider the use of force, including tasers, during cases of in-flight violence, a media reported on Tuesday...