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DHFL: CBI takes over investigation of PF earnings scam in Uttar Pradesh

DHFL: CBI takes over investigation of PF earnings scam in Uttar Pradesh

The CBI has taken over investigation into the Rs 2,267-crore Employee' Provident Fund scam in Uttar Pradesh, where hard-earned savings of government employees were invested in the Dewan Housing Finance Corporation (DHFL), which is facing a probe, officials said on Friday.

The agency has re-registered the FIR filed by the Uttar Pradesh police at the Hazratganj police station, according to officials.

Ayodhya case: Popular Front of India files curative petition at Supreme Court

Ayodhya case: Popular Front of India files curative petition at Supreme Court

The Islamic organisation Popular Front of India (PFI) on Friday lodged a curative petition at the Supreme Court against the top court's controversial verdict in the much-disputed Ayodhya Ram Mandir-Babri Masjid title dispute case.

In its petition, the organisation claimed that even though it was not a party to the title dispute, yet the Supreme Court verdict, on November 9 last year, has ended up adversely affecting its rights.

RBI to come up with a reconstruction plan for YES Bank soon: Sources

RBI to come up with a reconstruction plan for YES Bank soon: Sources

The Reserve Bank of India (RBI) was likely to frame a reconstruction plan for troubled private lender YES Bank and send it to the interested lenders shortly, official sources said on Friday.

The central bank will send the plan to the lenders or interested investors. The plan will then be sent to the central government for approval, one of the two people aware of the matter said.

SC issues notice to Centre on journalist's petition challenging CAA

SC issues notice to Centre on journalist's petition challenging CAA

The Supreme Court on Friday agreed to hear a plea challenging the constitutional validity of the Citizenship (Amendment) Act filed by a journalist.

A bench comprising Chief Justice S A Bobde and justices B R Gavai and Surya Kant issued notice to the Centre on journalist Saket Gokhale's plea and tagged them along with over 160 petitions challenging the CAA which are listed for hearing this month.

Tata Motors skids 10% as China sales slip 85% in Feb; stk down 37% in 1 mth

Tata Motors skids 10% as China sales slip 85% in Feb; stk down 37% in 1 mth

Shares of Tata Motors slipped 10 per cent intra-day to Rs 112.95 on the BSE on Friday after the company said the reduction in China sales owing to the outbreak of coronavirus, is expected to reduce Jaguar Land Rover's (JLR) full-year EBIT (earnings before interest and tax) margin by about 1 per cent.

It, however, added free cashflow in Q4 is still expected to be modestly positive. The coronavirus has significantly impacted China sales with February retails down around 85 per cent year on year, it said.

Want to assure YES Bank depositors that their money is safe: FM Sitharaman

Want to assure YES Bank depositors that their money is safe: FM Sitharaman

Finance Minister Nirmala Sitharama assured the depositor that their corpus was safe in YES Bank and the Reserve Bank of India would manage the situation well.

She said that the YES Bank board has been bypassed and former State Bank of India chief financial officer Prashant Kumar has been appointed administrator of YES Bank.

Coronavirus outbreak: Death toll in China rises to 3,042

Coronavirus outbreak: Death toll in China rises to 3,042

As the Coronavirus spreads like wildfire, spreading across more than 90 countries, China-the epicentre of the outbreak-has reported 30 more deaths, taking the death toll to 3,042.

The National Health Commission received information about 80,552 confirmed cases of pneumonia caused by a new type of coronavirus from 31 provinces [regions and municipalities], including 23,784 currently ill people. 5,737 people are in critical condition, 3,042 have died, 53,726 people have been discharged from hospitals, the commission stated.

SBI gets board approval to invest in Yes Bank, hours after RBI imposes moratorium on capital-starved lender

SBI gets board approval to invest in Yes Bank, hours after RBI imposes moratorium on capital-starved lender

The State Bank of India (SBI) has been authorised by its board members (an in-principle approval, it is being said) to invest in the capital-starved Yes Bank, hours after the Reserve Bank of India (RBI) on Thursday imposed a moratorium on the troubled private lender and the withdrawal limit for depositors at Rs 50,000.

On Thursday, the central board of SBI discussed the matter at a meeting and later informed the exchanges.

Coronavirus cases in India rise to 31 as Delhi man tests positive

Coronavirus cases in India rise to 31 as Delhi man tests positive

A Delhi man with a travel history to Thailand and Malaysia has tested positive for coronavirus, taking the total number of confirmed cases in India to 31, health ministry officials said on Friday.

The latest case is the third in Delhi.

After 40 yrs, India to host International Olympic Committee session in 2023

After 40 yrs, India to host International Olympic Committee session in 2023

Mumbai is set to host the 2023 International Olympic Committee's session after the IOC Executive Board recommended the Indian city for the annual conference.

The EB decided to put Mumbai's candidature to a vote of the members after the IOC Evaluation Commission praised the quality of the facilities at the Jio World Centre, which is the potential venue for the meet.

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