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Vijay Mallya's Woes Worsen As ED Seeks To Confiscate Assets Worth Rs. 12,500 Crore

India made its first official move to clampdown against big bank loan defaulters under a new law as the Enforcement Directorate (ED) moved a court against Vijay Mallya seeking to declare him a 'fugitive offender' and to confiscate assets worth Rs. 12,500 crore.


Monsoon revival over weekend likely, but second-half rainfall may be muted

“There is usually a window of three-four weeks in transplanting of paddy, which requires good amount of rainfall particularly in non-irrigated areas.


Banks asked to upgrade ATMs by June next year

Reserve Bank of India (RBI) has pulled up banks for not upgrading the ATMs with advance operating systems having the latest security features.


Submarine project goes to Mazagon Dock; L&T raises 'Make in India' concerns

Engineering conglomerate Larsen & Toubro (L&T) has written to the NITI Aayog raising concerns over the recent submarine project award to public sector owned Mazagon Dock Shipbuilders on a nomination basis, according to people with direct knowledge of the development.


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