New Delhi: Investigation into whether US giant Walmart may have bribed Indian officials to gain wider access to the country's vast market has been closed due to lack of evidence, sources said on Sunday. Corporate Affairs Ministry has confirmed and said no evidence of lobbying was found.
The one-man committee of Former Chief Justice of Punjab and Haryana High Court Mukul Mudgal probing the matter had submitted a report to the government next week saying there was no 'adequate' evidence to suggest Walmart was involved in any unlawful activity in India, the Business Standard reported, quoting unnamed sources.
A committee looking into Walmart's lobbying activities to enter India on Saturday submitted its report to Corporate Affairs Minister Sachin Pilot. Mudgal who headed the panel set up to look into lobbying activities by Walmart, submitted the report to Pilot at his residence.
With Additional Inputs from PTI...
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05:59 PM, May 19, 2013
New Delhi: A committee looking into US giant Walmart's lobbying activities to enter India today submitted its report to Corporate Affairs Minister Sachin Pilot. Former Chief Justice of Punjab and Haryana High Court Mukul Mudgal who headed the panel set up to look into lobbying activities by Walmart, submitted the report to Pilot at his residence. No details of the report were immediately available. ...
07:35 PM, May 18, 2013
New Delhi: The panel looking into retail major Walmart's lobbying activities with American lawmakers for its entry into the Indian market is likely to submit its report to the government in a day or two. The one-man committee, headed by former Chief Justice of Punjab and Haryana High Court Mukul Mudgal, has finalised the report. Sources said the report is expected to be submitted to the government "this week". The...
02:20 PM, May 18, 2013
Jewellery belonging to luxury brand and Cannes Film Festival sponsor Chopard were stolen on Friday from a hotel room. Police say that the robbers managed to enter the hotel room without forcing the door open or using the magnetic key card and removed the entire safe containing the jewels worth over a million dollars. A Chopard spokesperson though has downplayed the reports that the jewels were valued over a million ...
09:55 AM, May 18, 2013
New Delhi: The BJP on Friday took exception to CBI director Ranjit Sinha's remarks that former minister Pawan Kumar Bansal has a strong defence in the case of alleged bribery involving his nephew. BJP vice president Mukhtar Abbas Naqvi said that Sinha's remarks were "very unfortunate". "The matter is sub judice and the investigative agency is saying that there may not be concrete evidence," Naqvi told IANS. "The matter should...
04:40 AM, May 18, 2013
New Delhi: Riding high after the arrest of three cricketer, including India fast bowler S Sreesanth, in spot-fixing in Indian Premier League (IPL), Delhi Police are still struggling to file a chargesheet 13 years after having exposed the murky world of match-fixing in 2000. The cricketing world was shocked in 2000, when Delhi Police named the then South African captain Hansie Cronje, who died later, his team mates Herschelle Gibbs...
09:30 PM, May 17, 2013
New Delhi: Signalling apossible realignment of his party's alliance in Haryana, BJP president Rajnath Singh on Thursday met INLD chief Om Prakash Chautala at a hospital in Delhi, party sources said. They said Rajnath Singh, accompanied by party vice president Mukhtar Abbas Naqvi, met Chautala at the Ram Manohar Hospital in Delhi. The leaders of two parties are learnt to have discussed current political developments during the meeting which lasted...
04:46 AM, May 17, 2013
Frankfurt: The Reserve Bank of India (RBI) has said it would take into account falling inflation while deciding on policy initiative in its review next month. "We certainly will take note of the softening of inflation and the external payments situation in the next mid-quarter policy statement on June 17," RBI Governor D Subbarao said at an event in Frankfurt on Tuesday. He said he was happy to see that...
05:35 PM, May 15, 2013
Frankfurt: The Reserve Bank of India will take note of falling inflation when discussing potential interest rate cuts, the central bank's Governor Duvvuri Subbarao said on Tuesday, adding he was very happy about the falling inflation. Asked about potential interest rate cuts in light of falling inflation, Subbarao said they would be taken into account and in future central bankers "will take note of softening inflation." The headline wholesale inflation...
04:46 AM, May 15, 2013
Orlando: BlackBerry announced plans on Tuesday to offer its popular instant messaging system on rival devices and introduced a new mid-tier smartphone, the BlackBerry Q5, targeted at countries where its faded brand remains strong. Tapping into its popularity outside North America, BlackBerry said the new Q5 smartphone would be available in selected markets in Europe, Latin America, Asia, the Middle East and Africa. It gave no prices, but it will...
09:55 PM, May 14, 2013
Berlin: Bayern Munich winger Arjen Robben dismissed speculation that he would leave the German champions at the end of the season for Manchester City, saying he had no reason to move. "I am not dealing with this speculation," the Dutchman said. "There is so much speculation but I only want to deal with football. I still have two years on my deal so why should I leave? It is all...
05:43 PM, May 14, 2013
Mumbai: Actor-producer Sunny Deol, who had directed 'Dillagi', says his son Karan Deol will be launched in a year's time and that he might go behind the camera to direct him. Sunny and his brother Bobby were launched by their actor father Dharmendra with 'Betaab' and 'Barsaat', respectively. Both the films were made under their banner Vijayta Films. Later the He Man of the 1960s launched his nephew Abhay too...
01:48 PM, May 14, 2013
The Supreme Court on Monday directed medical colleges to declare all pending Post Graduate results, which were stayed by the December 13, 2012, order. ...
11:42 PM, May 13, 2013
Sources said on Monday that a section within the Congress wanted Manmohan Singh replaced as PM before Parliament's monsoon session. ...
09:19 PM, May 13, 2013
The Supreme Court on Monday directed medical colleges to declare all pending Post Graduate results, which were stayed by the December 13, 2012, order. ...
09:02 PM, May 13, 2013
The Supreme Court has ruled that there will be no single entrance exam for PG medical and dental colleges this year. States which didn't conduct their own exams will follow the NEET results, but they are not binding on all states. ...
07:33 PM, May 13, 2013
Washington: Gunmen fired shots during an informal Mother's Day afternoon parade in New Orleans in Louisiana state injuring 19 people, two of them children, according to police. The wounded in Sunday afternoon's shooting in the largest city and metropolitan area in the state of Louisiana, governed by Indian-American Bobby Jindal, included 10 men and seven women as well as a boy and a girl, both 10. Local Nola.com cited police...
06:25 PM, May 13, 2013
