SC denies Chidambaram’s bail plea in INX Media case

Posted on   5:33 pm

The Supreme Court Friday reserved verdict on former finance minister P Chidambaram’s plea against Delhi High Court order denying him bail in the INX Media corruption case. The CBI Friday told the Supreme Court that 15 accused, including Chidambaram, his son Karti and some companies have been charge-sheeted in the case.

Volvo Cars to reduce carbon emissions

Posted on   5:16 pm

Volvo Cars announced its aim to reduce its lifecycle carbon footprint per car by 40 per cent till 2025. According to a press release, the plan represents concrete actions in line with the global Paris climate agreement of 2015, which seeks to limit global warming to 1.5 degrees celsius above pre-industrial levels.

Preethi launches new mixer-grinder

Posted on   5:13 pm

Preethi Kitchen Appliances launched Preethi Zodiac 2.0 Mixer-Grinder. It is an upgrade of their best-seller, Preethi Zodiac Mixer-Grinder. A press release said, it is powered by Enrich+ Precision Grinding Menus that are programmed to have calculated rotation control, the mixer-grinder delivers consistency and addresses the growing need for a healthier diet by enhancing the bioavailability of nutrients in daily food for better absorption.

DHFL reports loss of Rs 242 cr

Posted on   5:10 pm

Debt-ridden housing finance firm DHFL has reported a consolidated net loss of Rs 242.48 crore for the first quarter ended June of the current fiscal. The company had posted a net profit of Rs 431.71 crore in the corresponding April-June period of 2018-19.

Microlenders increasing loan book size: Report

Posted on   5:07 pm

Microlenders are focusing more on growing their loan book size by offering a higher quantum of loans to the same borrowers, and overlooking geographical deepening, a report said. The national average ticket size of microfinance loans has been steadily increasing with an increase of 12 per cent in June 2019, while the live customer base is growing at a declining pace, credit information company CRIF Highmark said.