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ED raids 26 locations in ABG Shipyard bank fraud case

The Enforcement Directorate on Tuesday raided multiple premises in Mumbai, Pune and Surat in connection with a money laundering probe against ABG Shipyard Ltd in an alleged Rs 22,842 crore bank......

Bank fraud: ED registers money laundering case against ABG Shipyard

The Enforcement Directorate has registered a criminal case of money laundering against ABG Shipyard Ltd, its former promoters along with others for allegedly cheating a consortium of 28 banks of......

PHOTOS: Mumbai rain fury kills 10, city limps back to normalcy

Torrential rains and the subsequent flooding claimed at least 10 lives in Mumbai and the neighbouring districts of Palghar and Thane since Tuesday, police said on Wednesday. IMAGE: A car is seen......

60,000 Britons duped by Delhi-based call centres

Nearly 60,000 Britons have become victims of a multi-million-pound Internet fraud. Investigators believe the number of people cheated makes it one of the biggest frauds ever carried out in the UK......

India to help build 49,000 houses for displaced SL Tamils

War-displaced Tamil civilians in northern Sri Lanka can now hope to have better dwelling facilities, with India and Sri Lanka on Tuesday signing a memorandum of understanding for construction of......

What Modi needs to do about jobs

If the country is to meet its jobs and income challenge, there has to be a parallel focus on jobs in the formal sector, notes T N Ninan. Narendra Modi offered interesting glimpses of his state of......

Govt to make air travel cheaper on short routes, boost connectivity

India plans to make air travel affordable on small routes, boost regional connectivity and reopen closed airports. IMAGE: Two per cent levy is proposed on all domestic and overseas tickets.......

Visionary Budget but devil lies in the implementation

Image: India set for high growth. Photograph: Rupak De Chowdhuri/Reuters     The government has provided a long-term vision, avoiding any "big-bang" reforms but the devil will be in the......

Why is Food Security Bill severely flawed

While the motives of the Bill are of course laudable, there is every likelihood that the consequences of its passage will be dire. The Lok Sabha, which has typically failed to do much business......

Aviation sector seeks infrastructure status

The aviation sector in our country has seen tough times in the recent past and there seems no end to its woes in the near future.High fuel costs, pricing issues, other increasing input costs in......

Aussie Rules Football rocked by dozens of drug bans

IMAGE: AFL Commission Chairman Mike Fitzpatrick (right) and AFL CEO Gillon McLachlan speak to media, in Melbourne, after bans were issued to 34 Aussie Rules footballers on Tuesday. Photograph:......

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