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Adani Enterprises denies wrongdoing in coal supply contracts case

Adani Enterprises denies wrongdoing in coal supply contracts case

Adani Enterprises on Monday said that it has not done anything wrong in supply of the dry-fuel amid reports that the CBI registered a case against the company for alleged coal supply contract irregularities.

In its FIR filed last week after a detailed preliminary enquiry in the matter, the CBI booked Adani Enterprises Ltd, the then NCCF chairman Virender Singh, the then managing director G P Gupta and senior advisor SC Singhal under IPC sections related to alleged criminal conspiracy, cheating under Indian Penal Code and Provisions of Prevention of Corruption Act, officials said on Thursday.

HDFC Bank slips over 1% as Q3 provisions rise; analysts maintain 'Buy'

HDFC Bank slips over 1% as Q3 provisions rise; analysts maintain 'Buy'

Shares of private lender HDFC Bank declined 3.4 per cent from day's high to hit an intra-day low of Rs 1,258.75 on the BSE on Monday as investors turned cautious after it reported sharp spike in the provisions during the October-December quarter of the current fiscal (Q3FY20).

The bank's provisions, including those for bad loans and contingencies, grew a whopping 37.6 per cent to Rs 3,043.6 crore in Q3FY20, from Rs 2,211.5 crore reported in the year ago quarter. The increase in specific loan loss provisions jumped by 66.2 per cent to Rs 2,883.6 crore in the quarter from Rs 1,734.6 crore the previous year.

India ranks 76th on WEF's Social Mobility Index, Denmark tops the list

India ranks 76th on WEF's Social Mobility Index, Denmark tops the list

India has been ranked very low at 76th place out of 82 countries on a new Social Mobility Index compiled by the World Economic Forum, while Denmark has topped the charts.

The report, released ahead of the 50th Annual Meeting of the WEF, also lists India among the five countries that stand to gain the most from a better social mobility score that seeks to measure parameters necessary for creating societies where every person has the same opportunity to fulfil his potential in life irrespective of socioeconomic background.

Yemen missile attack: 100 killed, 150 injured by Iran-backed Huthi rebels

Yemen missile attack: 100 killed, 150 injured by Iran-backed Huthi rebels

More than 100 people were killed and dozens wounded in a missile and drone attack blamed on Huthi rebels in central Yemen, officials said Sunday.

Saturday's strike follows months of relative calm in the war between the Iran-backed Huthis and Yemen's internationally recognised government, which is supported by a Saudi-led military coalition.

China reports SARS-like virus spreads across country, nearly 140 new cases

China reports SARS-like virus spreads across country, nearly 140 new cases

China on Monday reported a mysterious SARS-like virus had spread across the country, including to Beijing, raising concerns as millions begin trips for the Lunar New Year.

A third person was confirmed to have died, authorities said, as nearly 140 cases were announced.

BJP to elect party president; J P Nadda to take over from Amit Shah

BJP to elect party president; J P Nadda to take over from Amit Shah

BJP leader J P Nadda is set to be elected as the new national president of the party as the election for the top post began in New Delhi on Monday.

Top party leaders, including Union ministers and chief ministers of BJP-ruled states, will file nomination papers in support of his candidature, sources said, adding that he is likely to be elected unopposed.

HCL Tech falls 5% from day's high on profit booking post Q3 results

HCL Tech falls 5% from day's high on profit booking post Q3 results

Shares of HCL Technologies declined 5 per cent to Rs 586 from its early morning high on profit booking. The stock of the country’s third-largest information technology (IT) services firm hit a new high of Rs 619, up 3 per cent after it reported a better-than-expected 2.1 per cent quarter on quarter (QoQ) revenue growth in constant currency (CC) terms. Street had expected growth of around 1.5 per cent.

In the past one month, HCL Technologies has outperformed the market by gaining 8 per cent, as compared to 1 per cent rise in the S&P BSE Sensex.

Nirbhaya case: SC to hear curative petitions by two convicts on Jan 14

Nirbhaya case: SC to hear curative petitions by two convicts on Jan 14

A five-judge bench of the Supreme Court will hear on January 14 curative petitions of two of the four death-row convicts in the Nirbhaya case.

A bench of Justices N V Ramana, Arun Mishra, R F Nariman, R Banumathi and Ashok Bhushan will hear the curative petitions filed by Vinay Sharma and Mukesh at 1.45 pm.

Goa police arrests 8 people with demonetised currency worth Rs 1.5 crore

Goa police arrests 8 people with demonetised currency worth Rs 1.5 crore

Eight persons were arrested for allegedly possessing demonetised currency notes worth Rs 1.5 crore, Goa police said on Saturday.

The demonetised currency was seized during a routine search of vehicles at the Pollem border check post in South Goa on Friday, deputy superintendent of police (Canacona) Kiran Paudwal.

Illegal apartment complex in Kerala demolished; SC order implemented

Illegal apartment complex in Kerala demolished; SC order implemented

A high rise apartment complex was brought down through controlled implosion method as authorities began implementing a Supreme Court order to demolish four illegal water-front structures in Maradu municipality here on Saturday.

The residential complex was demolished at 11.18 am.

The 60-meter high 19-storey building, known as "Holy Faith H20, was levelled in seconds in a spectacular implosion.

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