-The Hindu Have Emami and Karuturi bitten off more than they can chew in their land quest? Indian companies which invested in controversial deals involving hundreds of thousands of acres of land in Ethiopia have found themselves out of their depth in a fast-growing African economy that is still in the process of building critical transport and irrigation networks. Documents related to one such transaction reveal how Emami Biotech, a subsidiary of the...
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Jindal plays CD, claims Zee editors demanded Rs. 100 crore -Priscilla Jebaraj
-The HIndu In what’s being called a reverse sting, Jindal Steel and Power Ltd (JSPL) chairman Naveen Jindal has released video recordings which allegedly show Zee editors trying to extort Rs. 100 crore in return for the channel not airing damaging stories on coal block allocations involving his company. In a counter-offensive, Zee claims that it was JSPL which offered to pay the channel. At a dramatic press conference on Thursday, Mr. Jindal,...
More »Naveen Jindal says sting shows ‘extortion bid’ by Zee -Archna Shukla
-The Indian Express Alleging an extortion bid by Essel Group chairman Subhash Chandra and senior executives of news channels owned by his group, Congress MP and Jindal Steel and Power Ltd (JSPL) chairman Naveen Jindal Thursday released video clips which purportedly show that the media group sought a Rs 100-crore advertising deal for not airing adverse reports against JSPL on the coal block allocation controversy. The video clips purportedly show Zee News...
More »Virbhadra’s big fat LIC policies -Rohan Dua
-The Times of India SHIMLA: Former Himachal Pradesh chief minister Virbhadra Singh's interest in buying LIC policies bear an interesting pattern over the past 10 years. These policies are at the heart of a controversy with allegations of money laundering levelled against him by the BJP. Before the 2009 Lok Sabha polls, the 78-year-old state Congress chief had only two LIC policies for himself, each with a premium barely one-hundredth of that...
More »Delhi govt saved Rs 30,000 cr by privatising power sect:report
-The Indian Express The privatisation of power sector in Delhi has been very successful and it has resulted in saving of around Rs 30,000 crore by the city government in last ten years, a report has said. The report by SBI Cap Securities on the power sector came amid an outcry over hike in power tariff in the city by nearly 50 per cent in the last one year. The report, which examined...
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