Crisis-hit Jaiprakash Associates says no fraud in providing Jaypee Infra's land as collateral

Crisis-hit Jaiprakash Associates says no fraud in providing Jaypee Infra's land as collateral

Crisis-hit Jaiprakash Associates Ltd (JAL) today said the company provided certain land parcels of its subsidiary Jaypee Infratech as additional collateral to its lenders and the mortgage transactions could not be termed as "fraudulent".

After Flipkart-Walmart deal, here comes India’s ‘Mega’ offline sale; Vishal Mega Mart to be sold to new owners
After Flipkart-Walmart deal, here comes India’s ‘Mega’ offline sale; Vishal Mega Mart to be sold to new owners

Vishal Mega Mart acquisition: Following world's biggest e-commerce deal of Flipkart buyout, another major offline deal is here as private equity firms Partners Group and Kedaara Capital Fund are set to acquire value retail chain Vishal Mega Mart from PE firm TPG.

Here are complete details of the latest WhatsApp features
Here are complete details of the latest WhatsApp features

Details (as published on WhatsApp blog):-

Income Tax department to file pleas in NCLT to extract tax due from shell firms
Income Tax department to file pleas in NCLT to extract tax due from shell firms

The Income Tax (I-T) Department is an "aggrieved creditor" to many de-registered shell companies and will petition the National Company Law Tribunal (NCLT) to recover tax dues of crores of rupees.

Unmissable discount on Apple iPhone 7! How to avail over Rs 18,000 off
Unmissable discount on Apple iPhone 7! How to avail over Rs 18,000 off

Flipkart on May 16 ended its Big Shopping Days Sale and now is giving its customers a chance to get their hands on Apple gadgets under Apple Week Sale.

19 cancer hospitals, two dental colleges to come up in Assam
19 cancer hospitals, two dental colleges to come up in Assam

As many as 19 cancer hospitals will be set up in Assam within two years, including one in Guwahati, Health Minister Himanta Biswa Sarma said on Monday.

HMD Global raises $100 mn from Geneva-based Ginko Ventures to scale its business operations
HMD Global raises $100 mn from Geneva-based Ginko Ventures to scale its business operations

HMD Global, which designs and sells Nokia brand of phones, today said it has raised USD 100 million from Geneva-based Ginko Ventures and other investors to scale its business operations.

TECHNOLOGY

Samsung Galaxy A, J series devices with 'Infinity Display' now in India; check prices, specifications
Samsung Galaxy A, J series devices with 'Infinity Display' now in India; check prices, specifications

Aiming to disrupt India's mid-segment smartphone market, Samsung India on Monday launched four new smartphones in its Galaxy "A" and "J" series with "Infinity Display" -- a bezel-less screen for an immersive viewing experience.

Horoscope: By Peter Vidal

Today ( 21 May )This Week ( 20 May - 26 May )

SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more

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