India News

BPCL terminates licence of Tej Pratap Yadav's petrol pump

The Bharat Petroleum Corporation Limited (BPCL) on Saturday terminated the license of Bihar Health Minister Tej Pratap Yadav's petrol pump after he failed to furnish a satisfactory explanation to the notice issued over the allocation of the property in the state.

The BPCL declined to further comment on the issue.

On May 31, the BPCL issued notice to Tej Pratap seeking an explanation on the petrol pump license.

Airtel accuses Reliance Jio of predatory pricing; big 3 telcos meet inter- ministerial group

India's largest telecom company Bharti Airtel on Friday accused newcomer Reliance Jio of predatory pricing and demanded that operators be paid more for calls terminating on their networks as also the right to retain customers through incentives.

United against rival Jio, the three incumbent operators -- Airtel, Vodafone and Idea Cellular who met the inter- ministerial group (IMG) individually -- said the current call connect charges or IUC of 14 paise/minute is below cost and needs to be corrected.

Infosys appoints Inderpreet Sawhney as group general counsel

The country's second-largest software services firm, Infosys, on Friday announced the appointment of former Wipro executive Inderpreet Sawhney as its group general counsel.

The appointment is effective July 3, 2017, Infosys said in a statement.

Prior to Wipro, she has served as managing partner of a mid-sized law firm in Silicon Valley and has also worked with ITC Ltd as the in-house counsel.

Sebi disposes of case against Indiabulls MF

Markets regulator Sebi today disposed of a case against Indiabulls Mutual Fund in a matter related to alleged procedural lapses in declaration and distribution of dividend.

It was alleged that Indiabulls MF did not comply with dividend declaration and distribution procedure. It allegedly did not seek trustee approval and addendum was not published for declaring the dividend at four instances.

Now, Aadhaar must for opening bank acc, transaction of Rs 50,000 or above

The government has made quoting of biometric identity number Aadhaar mandatory for opening bank accounts as well as for any financial transaction of Rs 50,000 and above.

Existing bank account holders have been asked to furnish their Aadhaar number issued by the Unique Identification Authority of India (UIDAI) by December 31, 2017, failing which, the account will cease to be operational, according to a revenue department notification.

ICC Champions Trophy 2017: Aamir Sohail alleges match-fixing behind India- Pakistan final

Surpassing expectations, Pakistan have made it to ICC Champions Trophy 2017 finals. Their fans are beaming with pride and looking forward to the potentially mind-blowing match against traditional rivals, India.

But if you ask former Pakistan batsman Aamir Sohail, the greens have reached this point by the ways of match-fixing.

1993 Mumbai serial blasts case verdict: 24 years later, Abu Salem and 5 others convicted by TADA court

Key mastermind of the 1993 Mumbai blasts case Mustafa Dossa and extradited gangster Abu Salem were on Friday convicted by a special TADA court here. Another accused who were convicted include Firoz Khan, Tahir Merchant, Karimullah Shaikh, Riaz Siddiqui, while Abdul Qayyum was acquitted of all charges.

Dossa was convicted on charges of conspiracy and murder under various sections of the IPC besides offences under the TADA Act, the Arms Act and the Explosives Act.