-The Times of India The questions over the source of funds to Nitin Gadkari's Purti Power and Sugar Ltd have deepened, with investigations revealing that money flowed in from a multi-layered maze of Companies registered all over India. A TOI report on Tuesday had mentioned some two dozen Companies, many with unverifiable addresses, whose directors included Gadkari's driver and astrologer. A closer look at the documents filed with the Registrar of Companies reveals...
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‘Poor in India are ethical... we must lend more to the poor’
-ENS Economic Bureau At a time when Companies such as Kingfisher Airlines and Suzlon Energy have defaulted on bank loans, finance minister P Chidambaram on Tuesday made a strong pitch for individual borrowers with low income, asking banks and financial institutions to not hesitate in giving loans to them. “The poor in India are not bad borrowers. The poor in India are not dishonest borrowers. The poor in India are ethical, honest...
More »‘New drugs, generics both needed for total healthcare’
-Live Mint There are also ways in which we can help Indian institutions that have come to us seeking access to our technologies Bangalore: A key perception change is emerging in the global pharmaceutical industry on the long-established divide between the so-called generics and innovative business. While the two are still at loggerheads in several developed as well as developing markets, the world’s top drugmakers are reinventing the wheel. Paris-based Sanofi SA,...
More »Drivers are directors in netas’ firms -Prafulla Marapakwar
-The Times of India MUMBAI: Manohar Panse, the driver of BJP president Nitin Gadkari, who was found to be a director on several of Gadkari's Companies, is not alone. Peons, clerks and drivers of leading politicians have become overnight millionaires or secured key assignments in the institutions set up by their employers. TOI was the first to break the story about Panse being a director in five of Gadkari's Purti Power and...
More »Delhi Metro workers losing crores in wages -Anumeha Yadav
-The Hindu Allotted fake Provident Fund accounts by contractors Workers hired through multiple contractors by the Delhi Metro Rail Corporation (DMRC) here have alleged that Companies have been denying them their minimum wages and have allotted fake Provident Fund and health insurance accounts to siphon off their money. Questioned about this, officials said that while they were aware of the workers’ complaints, they had not yet blacklisted any company, despite the fact that...
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