German companies urged to Make in India

Last Updated: Friday, March 13, 2015, 15:24

In a Make in India networking event with the German corporate sector here, the Indian consul general invited companies to visit and do business with India, a statement said on Friday.

India Inc. seeks speedy disposal of coal block cases

Last Updated: Thursday, March 12, 2015, 17:49

India Inc. on Thursday sought a speedy disposal of the coal block allocations cases against some industrialists like Kumar Mangalam Birla to avoid embarrassment for Indian business leaders and group organisations.

India Inc. warns of Hindalco coal case impact on investors

Last Updated: Thursday, March 12, 2015, 17:40

Reacting to the special CBI court summons to industrialist Kumar Mangalam Birla as an accused in the coal scam case, Indian Inc. on Thursday cautioned about its repercussions "on overall investor sentiment".

Govt may set up new Ministry for pharmaceuticals sector

Last Updated: Thursday, March 12, 2015, 15:20

The government may establish a separate Ministry for the pharmaceuticals sector, which would comprise all departments that deal with issues related to the industry.

Summons for Birla: CII warns of uncertainty among investors

Last Updated: Wednesday, March 11, 2015, 22:22

With a special CBI court issuing summons to industrialist Kumar Mangalam Birla as an accused in a coal scam case, apex industry body CII Wednesday said such orders can create "uncertainty and anxiety among investors" and dissuade them from investing in the country.

No officials, Birla pursued any unlawful means: Hindalco

Last Updated: Wednesday, March 11, 2015, 20:55

Aditya Birla group flagship firm Hindalco Wednesday said none of its officials, including Chairman Kumar Mangalam Birla had pursued any unlawful or inappropriate means to secure allocation of Talabira-II coal block in Odisha.

P C Parakh's arbitrary action caused loss to PSU: Court

Last Updated: Wednesday, March 11, 2015, 20:50

Former Coal Secretary P C Parakh's acts of "omission and commission" prima facie raised a grave shadow of doubt about his conduct in the entire process of allocation of Talabira II and III coal blocks which resulted in causing loss to a PSU, a Special court observed on Wednesday.

KM Birla played "active role" to secure coal block: Court

Last Updated: Wednesday, March 11, 2015, 20:50

Various high-ranking officials of Aditya Birla Group "left no stone unturned" to secure the coal block, the court said while holding that "criminal conspiracy" was prima facie initially conceived by Hindalco officials Shubhendu Amitabh and D Bhattacharya.

Manmohan's action facilitated windfall profit to HINDALCO: Court

Last Updated: Wednesday, March 11, 2015, 20:45

Former Prime Minister Manmohan Singh's approval to allocate coal block to HINDALCO prima facie "facilitated windfall profits" to the private firm resulting in loss to state-owned PSU Neyveli Lignite Corporation Ltd (NLC), a special court observed on Wednesday.

Am upset, will prove my innocence: Manmohan Singh on summons

Last Updated: Wednesday, March 11, 2015, 17:59

"I am upset," reacted former Prime Minister Manmohan Singh, who was on Wednesday summoned as an accused by a special court in a coal scam case by a special court but expressed confidence that he will prove his innocence in a fair trial.

Coal scam: Manmohan Singh made accused, summoned by court

Last Updated: Wednesday, March 11, 2015, 16:21

The special court observed that Manmohan Singh was roped into the criminal conspiracy to "accommodate" M/s HINDALCO in Talabira-II coal block allocation in 2005.