Vedanta group Cairn India

IT department sells $216 million of Vedanta shares

Cairn Energy said on Monday it would write down the value of its investment in Vedanta Ltd after Indian tax authorities sold $216 million worth of its shares in the Indian mining company in a dispute over retrospective tax dues. Jul 10, 2018
Vijay Mallya

CBI grills two former RBI deputy governors in loan fraud investigation

Two ex-deputy governors at RBI are facing investigation in the Kingfisher loan case. Separately, the CBI had quizzed former deputy governors Harun Rashid Khan and KC Chakrabarty as part of its probe into the PNB scam and a forgery case filed by the Indian Overseas Bank. Jul 5, 2018
Prime Minister Narendra Modi

Centre hikes new season common rice purchase price

India is set to announce a hefty increase in the minimum price it promises to pay for key crops later on Wednesday, sources said, as the government looks to woo the country's 260 million farmers ahead of elections due early next year. Jul 4, 2018