Exclusive: U.S. authorities probe alleged forged letter from Mirach in Saha...
Federal authorities in San Francisco are probing U.S.-based Mirach Capital Group, two sources familiar with the situation told Reuters, amid allegations that the group gave a forged bank letter to Indian conglomerate Sahara as part of financing negotiations. Sahara had sought to borrow more than $1... read more »
CBI files final report in coal block case
The Central Bureau of Investigation (CBI) Thursday filed its final report with the statements of a witness recorded during the probe in a coal block allocation case allegedly involving industrialist Kumar Mangalam Birla and others. The CBI filed the statement in a sealed cover before special Judge... read more »
Jewellery shares shine after RBI eases norms
Shares of jewellery maker such as Gitanjali Gems, Tribhovandas Bhimji Zaveri (TBZ), PC Jeweller, Rajesh Exports and Titan Company are trading higher by up to 5% on reports that the Reserve Bank of India on Wednesday allowed nominated banks to provide gold on loan to jewellers. The central bank also... read more »
Wholesale price index slips into negative zone
Riding high on the fall in fuel prices, the wholesale price index (WPI) dipped to – 0.39 per cent in January. A fall in inflation has been recorded for the eighth consecutive month. Inflation was at 0.1 per cent in December. The WPI plunged into the negative zone as the slide in fuel prices more... read more »
