Sebi tells PACL to refund Rs 49,100 crore to investors
In the biggest-ever crackdown on large-scale illicit money pooling schemes and a case that dwarfs the clampdown on Sahara, market regulator Sebi has asked PACL (formerly Pearls Agrotech Corporation) to refund Rs 49,100 crore to investors within three months. Sebi has also ordered the immediate... read more »
At least 33 killed in Egyptian bus crash
Two buses have collided near a popular Red Sea resort in Egypt, killing at least 33 people, in the country’s worst road accident in nearly two years. The buses were coming from opposite directions when they collided on a main road about 50km from resort town Sharm el- Sheikh on the Sinai... read more »
Ukraine crisis: Merkel to arrive in Kiev as crisis mounts
German Chancellor Angela Merkel is due to arrive in Ukraine for talks, a day after calling Russia’s decision to send an unauthorised aid convoy there a “dangerous escalation”. More than 100 Russian lorries entered eastern Ukraine on Friday without permission from Ukraine’s... read more »
Malaysia pauses in solemn homecoming for MH17 dead
KUALA LUMPUR: Black-clad Malaysians observed a minute of silence and a nationwide day of mourning on Friday as the first remains of the country’s 43 citizens killed in the MH17 disaster returned home. People across the country of 28 million went silent at 10:55 am (0255 GMT), about an hour after... read more »
