Port Talbot: Tata Steel, U.K. Government agree to invest USD 1.54 billion

Tata Steel and the UK government have announced a joint agreement on a proposal to invest in Electric Arc Furnace steelmaking at the Port Talbot site with a capital cost of £1.25 billion inclusive of a grant from the UK Government of up to £500 million.

Ravi Menon retiring from Monetary Authority of Singapore after 29 years; Chia Der Jiun to take over as MD

A media release said that as MD, Ravi Menon was the driving force behind MAS’ initiatives to make Singapore’s financial sector more resilient, innovative, and purposeful.

Jet Airways founder Naresh Goyal arrested by Enforcement Directorate in INR 5,380 million bank fraud case

Goyal, 74, was taken into custody by ED in a money laundering case linked to an alleged fraud at Canara Bank, official sources said. He was arrested under the Prevention of Money Laundering Act.

Indian employee defrauds company of crores by putting wife’s name on payroll

In an unusual financial fraud, a company employee allegedly put his unemployed wife on the payroll and ensured salary payments were deposited in her name for over a decade, the firm to lose crores.

Union Home Minister Amit Shah launches portal to facilitate refund of millions of Sahara depositors

Union Home Minister Amit Shah launched the Central Registrar of Cooperative Societies (CRCS)-Sahara Refund Portal to help the depositors claim for refunds of their money stuck in the Sahara group cooperatives.

India preparing to buy 26 Rafale jets, 3 Scorpene submarines from France

The Indian government is laying the ground work for procuring 26 Naval variant Rafale jets and three Scorpene submarines from France in the run-up to Prime Minister Narendra Modi’s visit to Paris this week, according to sources.

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