Jet Airways founder Naresh Goyal arrested by Enforcement Directorate in INR 5,380 million bank fraud case

Goyal, 74, was taken into custody by ED in a money laundering case linked to an alleged fraud at Canara Bank, official sources said. He was arrested under the Prevention of Money Laundering Act.

Indian employee defrauds company of crores by putting wife’s name on payroll

In an unusual financial fraud, a company employee allegedly put his unemployed wife on the payroll and ensured salary payments were deposited in her name for over a decade, the firm to lose crores.

Union Home Minister Amit Shah launches portal to facilitate refund of millions of Sahara depositors

Union Home Minister Amit Shah launched the Central Registrar of Cooperative Societies (CRCS)-Sahara Refund Portal to help the depositors claim for refunds of their money stuck in the Sahara group cooperatives.

India preparing to buy 26 Rafale jets, 3 Scorpene submarines from France

The Indian government is laying the ground work for procuring 26 Naval variant Rafale jets and three Scorpene submarines from France in the run-up to Prime Minister Narendra Modi’s visit to Paris this week, according to sources.

India now more attractive to investors than China: Report

According to a report which polled 85 sovereign wealth funds and 57 central banks worth a total of USD 21 trillion in assets, India has overtaken China as the most attractive emerging market for investing.

Sabre acquires e-commerce provider Techsembly to expand hospitality retailing solutions

Sabre Corporation (NASDAQ: SABR), a travel industry software and technology provider, today announced the acquisition of hospitality e-commerce provider Techsembly. Terms of the transaction were not disclosed.

MAS recorded largest net loss of SGD 30.8 billion in 2022-23: Ravi Menon

Indian-origin Managing Director of the Monetary Authority of Singapore (MAS) Ravi Menon said the city-state’s central bank has recorded its largest net loss of SGD 30.8 billion (USD 22.8 billion) in 2022-2023.

Delhi, Mumbai may get more British Airways flights, as the airline aims to benefit from stronger India-UK trade ties

India and the UK are looking to significantly increase bilateral trade; British Airways wants to be a part of the growth story. It has opened a new call centre in India and plans to increase flights from Delhi and Mumbai.

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