Second wave of COVID-19 has hit India 'like a tsunami' says Kiran Mazumdar Shaw
PTI “If India is not safe, I can tell you the world is not safe.”NPA account of Saravana Stores declared as fraud: Indian Bank
PTI Indian Bank on Wednesday said it had declared the NPA account of Saravana Stores with an outstanding balance of ₹231 crore as ‘fraud’.“We have to inform that non-performing account [NPA] Saravana Stores [Gold Palace] has been declared as fraud and reported to RBI as per regulatory requirement,” Indian Bank said in a regulatory filing.The nature of the fraud is in the form of diversion of funds, the public sector lender said, adding that the outstanding balance on Saravana Stores stood at ₹230.74CCI orders probe against Tata Motors
PTI The Competition Commission of India (CCI) has ordered a detailed probe against Tata Motors for alleged abuse of dominant position with respect to dealership agreements.The order has come on two complaints filed against Tata Motors, Tata Capital Financial Services Ltd and Tata Motors Finance Ltd. (opposite parties).The CCI observed that the complainants were primarily aggrieved that Tata Motors had imposed unfair terms and conditions in the dealership agreement for commercial vehicles in abuse of