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Former Ranbaxy promoters Malvinder and Shivinder Mohan Singh fined Rs 2,600 cr for hiding facts from Daiichi

May 5, 2016 prafulLeave a Comment

NEW DELHI: Malvinder Mohan Singh and Shivinder Mohan Singh, the erstwhile promoters of RanbaxyBSE 5.63 % Laboratories suffered a major setback earlier this week when the Singapore Court of Arbitration awarded about Rs 2,600 crore ($400) million fine for concealing and misrepresenting facts from Japanese pharmaceutical company Daiichi Sankyo when they sold the promoters’ stake […]

Shower abuse on me but not on my son: Vijay Mallya

March 30, 2016March 30, 2016 prafulLeave a Comment

NEW DELHI: Beleaguered businessman Vijay Mallya, who left India earlier this month amid continuing efforts by banks to recover dues totalling over Rs 9,000 crore of unpaid loans, has come out in defence of his son, saying that Siddharth must not be targeted or be dragged into any controversy as he had absolutely no connection […]

AAP, Congres protest at Pathankot as Pak team enters air base

March 29, 2016March 29, 2016 prafulLeave a Comment

A Pakistani team investigating the Pathankot attack was forced to enter the air base from a specially made gate at the rear-end of the base on Tuesday following violent protests by Congress and Aam Aadmi Party workers in the north Punjab town. Chanting slogans against the Centre and holding placards saying “Pak JIT go back”, […]

Court Orders FIR Against Builder Orchid Infrastructure For ‘Cheating’

February 28, 2016February 29, 2016 prafulLeave a Comment

A Gurgaon court has directed the police to register an FIR against eight officials, including the director and the managing director, of a private builder — Orchid Infrastructure Developers — for allegedly breaching the trust of buyers of one of its housing projects. The court has asked the police to file a report by March […]