New Delhi: According to the Mumbai Police sources, a Dubai-based bookie Sunil Abhichandani alias Sunil Dubai is suspected to be the D-Company link to the latest IPL spot-fixing scandal that has hit Indian cricket.
Police sources also told CNN-IBN that a lookout notice had been issued against Sunil in 2012, which backs the claims made by the Delhi Police Commissioner Neeraj Kumar on Thursday about the underworld's involvement in fixing. Sunil is a wanted accused in betting cases that involved bookies in Pakistan and Dubai
Also, Sunil is believed to be operating in India through a bookie named Chandresh.
Delhi Police had on Thursday arrested three Rajasthan Royals' players - Sreesanth, Ankeet Chavan and Ajit Chandila - along with several bookies on charges of spot-fixing. Police have electronic evidence against these players and several bookies who were also arrested on Thursday....
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11:47 AM, May 17, 2013
Mumbai: Tata Steel Ltd shares fell as much as 2.5 per cent on Tuesday morning after it said it will book a $1.6 billion impairment charge for the financial year ended March 31. The company said it is taking the charge due to weak economic and market conditions in Europe. Tata Steel shares were down more than 2 per cent as of 9:30 am. The steel maker made the announcement...
09:45 AM, May 14, 2013
New Delhi: Generic drugmaker Ranbaxy has been fined $500 million by the US government after its subsidiary pleaded guilty to sale of adulterated drugs manufactured in India. It is the largest settlement by a generic medicine maker till date. It includes $150 million in payments for a criminal fine and forfeiture and $350 million in payments for civil claims. The adulterated drugs were made in Ranbaxy's plants in India and...
08:30 AM, May 14, 2013
Srinagar/Chandigarh: Amid fresh allegations of money laundering by banks, RBI and several banks on Thursday said actions are being taken against erring institutions and employees for violating prudential banking norms. The central bank has already completed investigations against banks and would take action against guilty institutions, RBI Governor D Subbarao said in Srinagar. "We have done investigations, we have prepared an internal report. There are processes to be followed to...
10:32 PM, May 09, 2013
Washington: The Walt Disney Company has announced its decision to pull out of Bangladesh, Pakistan and three other countries by April 2014, citing safety standards of workers in the supply chain. The decision was made before last week's devastating collapse of a factory building in Bangladesh that left more than 400 people dead and over 2,500 injured. Disney said that its decision was prompted by the November fire at the...
12:39 PM, May 03, 2013
Toronto: A Canadian company has said it will provide compensation for the families of victims who worked in the collapsed Bangladeshi garment factory that made products for its Joe Fresh clothing line. Loblaw Inc said on Monday it aims to ensure that victims and their families "receive benefits now and in the future." At least 382 people have died in the collapse. Spokeswoman Julija Hunter said the company is still...
07:44 AM, Apr 30, 2013
Los Angeles: Fragrance company Adrenalina Inc. has filed a lawsuit against singer Selena Gomez for not binding to her contract. Adrenalina Inc. claims Gomez had signed a deal with the company in 2011. The deal gave them allowance to develop fragrance products using her name. However, Gomez and her agent reportedly ended the relationship with the company without giving a valid reason. She even refused to show up for the...
02:42 PM, Apr 27, 2013
London: Actress Gwyneth Paltrow has been accused of "sexualising" children by selling bikinis for four to eight-year-olds on her website. The 'Iron Man' star's lifestyle company site showed pictures of a little girl wearing one of the two-piece creations designed by her new designer Melissa Odabash, reported Daily Star. The outfits, which are described as "great for girls who want to look grown up", have sparked outrage among campaigners who...
12:41 PM, Apr 24, 2013
Kabul: A helicopter owned by an Afghan company has made an emergency landing in a Taliban-controlled area of eastern Afghanistan, and the terrorists took all nine people who were aboard hostage. A district administrator in the area says the helicopter landed on Sunday afternoon in strong winds and rain in a village of Logar province, southeast of Kabul and about 30 kilometres from the Pakistan border. Hamidullah Hamid said on...
11:30 AM, Apr 23, 2013
Dhaka: Bangladesh on Saturday signed its biggest ever joint venture agreement with India involving investment $1.6 billion for 1,320 MW coal-fired power plant which is expected to be operational in the next five years. "This will be the largest investment Bangladesh ever had ... this will be cheapest source of energy (after hydropower) to accelerate the country s economic growth," Prime Minister's energy affairs adviser Tawfiq-e-Elahi Chowdhury said at the...
10:07 PM, Apr 20, 2013
California: Professional networking website LinkedIn is paying about $90 million to acquire Pulse, which makes an e-reader platform used on mobile devices. More than 30 million people worldwide use Pulse's e-reader applications on devices running both Apple and Android-based operating systems. The San Francisco-based company was founded in 2010 by Akshay Kothari and Ankit Gupta while they were students at Stanford University. The deal, which is expected to close in...
10:49 AM, Apr 13, 2013
Mumbai: Shares in Wipro Ltd, India's No.3 software services provider, fell as much as 11.3 per cent on Tuesday, which marked the first trading session as a standalone IT stock after splitting its other businesses into a separate unit. Wipro's split-off announced in November 2012 legally took effect on March 31, but has not been reflected in shares until Tuesday, meaning the company's shares no longer take into account the...
10:00 AM, Apr 09, 2013
Pharmaceutical giant Novartis on Monday termed the Supreme Court's judgement of not granting a patent to its cancer drug Glivec as "disappointing" and warned that though it will continue to introduce new products in India, it will now invest "cautiously". In a landmark verdict, the apex court dismissed the Swiss company's plea, paving way for more affordable life saving cancer drugs. ...
03:28 PM, Apr 01, 2013
Swiss pharmaceutical company Novartis, which lost its battle for patent on its cancer drug Glivec in India on Monday, said the Supreme Court's ruling discourages innovative drug discovery and is a setback for patients. ...
01:38 PM, Apr 01, 2013
Using the Delhi Noida Direct (DND) Flyway to commute between the two cities has become expensive from Sunday night. The Noida Toll Bridge Company Limited (NTBCL) has hiked the toll charges for the 22-km DND Flyway from April 1. ...
11:00 AM, Apr 01, 2013
Nurturing the ambition to make it big in the finance arena, a 23-year-old Delhi girl has qualified as chartered accountant, cost accountant, and also company secretary - becoming possibly the youngest person to complete all the three professional accounting courses. A Delhi University commerce graduate, Pallavi Sachdeva admires ICICI Bank chief Chanda Kochhar as a role model and has already got her dream job with an offer from international finance...
10:08 AM, Apr 01, 2013
The artsy video game developed swept the 13th annual ceremony Wednesday with six wins. ...
02:11 PM, Mar 29, 2013
Judicial custody of suspended IAS officer Y Srilakshmi, an accused in the Obulapuram Mining Company (OMC) scam, is set to end on Monday. Srilakshmi surrendered on Thursday before a special Central Bureau Investigation (CBI) court in following the expiry of her interim bail in the scam that also involves former Karnataka minister Gali Janardhana Reddy. ...
09:29 AM, Mar 25, 2013
Former Karnataka Chief Minister BS Yeddyurappa and his two sons will appear before a CBI court on Saturday over allegations of receiving kickbacks for giving undue favour to the South West Mining Company when Yeddyurappa's was in office. ...
09:03 AM, Mar 23, 2013
A day after India voted in favour of the UN resolution on war crimes in Sri Lanka, sources said diplomatic ties between the two neighbouring countries are beginning to crackdown. On Thursday, Sri Lanka announced plans to partially take over an oil storage depot from the Indian Oil Company's Sri Lankan arm. ...
07:29 AM, Mar 22, 2013
