-The Telegraph Guwahati: Gauhati High Court today said cases of fraud against dubious deposit collecting companies should be probed in a time-bound manner, while their victims' deposits should be refunded using the cash and properties of these firms seized by police. The court stated this during the first hearing of a suo motu PIL (15/2013) it had recently taken up against companies which collect huge deposits from the public by offering lucrative...

-Live Mint Government rejects coal price pooling, moves closer to allowing projects assured fuel linkages by CIL to import coal The government rejected a proposal to pool coal prices and instead moved a step closer to allowing power projects that had been awarded through competitive bidding and assured fuel linkages by state-owned miner Coal India Ltd (CIL) to import the fuel and pass on the incremental costs as higher electricity tariffs. Price pooling...

-The Hindu Business Line Plans start from Re 1/day to hook those who have never logged in via smartphones Mumbai: Telecom operators are going the sachet way, launching low-cost packs to hook the new cell phone-Netizen. From one rupee a day to Rs 25 for seven days' usage, telecom service providers are coming up with novel plans to attract mobile Internet users. Aircel, Idea Cellular and Vodafone India have launched, or are launching,...

-Live Mint West Bengal chief minister dashes Saradha depositors' hopes of any immediate state-assisted recovery Kolkata: What has gone, has gone," West Bengal chief minister Mamata Banerjee told depositors of the Saradha Group, dashing their hopes of any immediate state-assisted recovery of dues from the floundering units of the group that collected the money. Banerjee launched two separate investigations and promised to introduce a new law to deal firmly with fraudulent financial...

-PTI Srinagar: The Jammu & Kashmir Police on Tuesday detained Saradha group chairman & managing director Sudipto Sen and a director of the company from Sonamarg, where they had fled after their Calcutta-based chit fund business collapsed last week leaving thousands of depositors and agents stranded. "We have detained Sudipto Sen and Debjani Mukherjee, chairman-cum-managing director and a director of the Saradha group respectively, and Arvind from Sonamarg," the inspector general of...