CHANDRA
Air India flight from Kolkata to Mumbai moved to isolation bay after threat alert
An Air India flight from Kolkata to Mumbai was moved to the isolation bay on Wednesday morning following a threat alert shortly before take-off. Security agencies reached the spot and initiated checks as per standard operating procedures. Further details are awaited.
Maharashtra plans FY28 IPO for state power transmission firm MSETCL; approval likely soon
Maharashtra State Electricity Transmission Company (MSETCL) is targeting an FY28 IPO to raise ₹7,000-8,000 crore, with a proposal submitted to the state government and approval expected within two months, according to Additional Chief Secretary Abha Shukla. The transmission utility has appointed six banks for the proposed listing and plans to use the funds to participate in tariff-based competitive bidding projects.
CM Chandrababu Naidu wants to scrap Rs 500 notes, wants only currency like 100 and Rs 200 in circulation to help tackle corruption
Indian rupees news: N Chandrababu Naidu has reiterated his demand to withdraw high-denomination currency notes like Rs 500. He believes that limiting circulation to Rs 100 and Rs 200 can help tackle corruption effectively. While the Reserve Bank of India is exploring plastic notes for lower denominations, no proposals exist to replace paper currency entirely. Additionally, discussions around digital payments highlight their complementary relationship with physical banknotes.
Tenneco India explores diversifying beyond auto sector, eyes M&A
Tenneco Clean Air India is exploring acquisitions to diversify beyond the automotive sector, with potential targets in railways, aerospace and defence. CEO Arvind Chandra said the debt-free company has the cash to fund sizeable deals and is seeking businesses with strong technology, margins and an India growth opportunity.
In Noel's crosshairs, Chandra and Mehli reconnect at Tata HQ
Tata Sons chairman N Chandrasekaran met Mehli Mistry at Bombay House last week in a move aimed at rebuilding trust after more than a year of strained relations. The two discussed issues that affected their equation following Mistry's removal from two key Tata trusts, a challenge that remains pending before the Maharashtra Charity Commissioner.
Agri loans emerge as biggest asset quality risk for Indian banks
Agricultural loans in India are currently facing significant asset-quality risks, with bad-loan ratios surpassing other sectors. The gross non-performing asset ratio for agricultural loans is at 5.1%, compared to 1.5% for industry and services. Factors such as a poor monsoon have contributed to this situation, although agricultural bad loans have declined since 2020-21. Various banks have reported increased agricultural loan slippages but maintain a cautious outlook on borrower stress.
22-year-old man turns Green Gas meter update into Rs 32 lakh scam; Lucknow resident loses fortune after downloading WhatsApp APK
Lucknow Cyber Crime Police have arrested a 22-year-old man from Dhanbad, Jharkhand, over an alleged fake Green Gas meter update app scam that reportedly caused a loss of Rs 32 lakh. Consumers were targeted through WhatsApp messages asking them to install a fraudulent APK file. Here is how the alleged fraud operated and what police recovered during the arrest.
Zee expands sports portfolio, secures exclusive PGTI multi-platform rights
Zee Entertainment Enterprises has acquired exclusive rights to broadcast the Professional Golf Tour of India. This partnership will feature 20 tournaments and provide up to 120 hours of live coverage. Bavesh Janavlekar stated that this collaboration aims to enhance the visibility of Indian golf. The initiative seeks to reach a broader audience, including both golf enthusiasts and new fans.
15,000 trains, 100+ special train pairs and a Vande Bharat: Indian Railways has a big Diwali & Chhath Puja gift for Bihar passengers
Indian Railways will operate 15,000 trains to and from Bihar to manage the festive rush during Diwali and Chhath, compared with around 12,000 services under normal operations. More than 100 pairs of special trains have also been arranged on routes connecting Bihar with Delhi, Punjab, Mumbai, Pune and other destinations. The Railways has also discussed new train services and infrastructure projects in the state.
Malayalam actress Athulya Chandra, 2 others arrested in Kerala: Doctor alleges being lured to Kochi flat, beaten up; gadgets worth Rs 3.25 lakh stolen
Malayalam actress Athulya Chandra and two others have been arrested in Kerala after a doctor accused them of luring him to a Kochi flat and assaulting him. He alleged that the group stole gadgets worth Rs 3.25 lakh. Twelve people have been named in the case, while police investigate the motive and possible honey-trap angle.
Centre proposing parity in mineral taxation, states' rights to remain intact: Union Mines Secretary
Proposed amendments to the Mines and Minerals (Development and Regulation) Act are intended to create tax parity across states. This initiative aims to reduce reliance on imports by fostering local production and processing of critical minerals. The Indian government has introduced significant subsidies to support industries establishing lithium and nickel processing facilities. Approximately 58 entities are now registered under a recycling program for electronic waste.
Sunday PropTech acquires 89-room hotel in Kolkata, marks entry into city
Sunday PropTech Ltd marks a significant milestone with its inaugural acquisition of an 89-room hotel in Rajarhat. This venue will be included in its emerging mid-premium Clubhouse brand, bolstering its footprint in eastern India. Given its advantageous proximity to Netaji Subhas Chandra Bose International Airport, it appeals to business travelers. The company plans to revamp and reposition the hotel, while also identifying additional investment prospects in West Bengal.
Enforcement Directorate raids against IPS officer, others in APPC exam 'fraud' case
Enforcement Directorate officials conducted searches at the premises of IPS officer P Sitarama Anjaneyulu and others. This action is part of a money laundering investigation linked to APPSC examination irregularities. Allegations include the manual evaluation of answer scripts where Rs 1.14 crore was reportedly paid to a private company. The evaluations were contracted to Camsign Media, where the scripts were physically examined.
Rs 9,000 crore land assets monetised so far in FY27
The NLMC, which is working under the aegis of the Department of Public Enterprises under the finance ministry, also has land assets worth another Rs 4,000-5,000 crore belonging to public sector undertakings (PSUs) in the pipeline. These are at various stages of processing, providing an additional pipeline of potential transactions.
Repolling begins at 12 polling stations in six ULBs in Andhra
On November 2, repolling commenced at 12 polling stations within six urban local bodies in Andhra Pradesh, following the State Election Commission's decision to annul elections due to reports of booth capturing. During the repolling, voters will receive indelible ink on their fingers. The initial polling on November 1 saw a voter turnout of 60.3 percent. Officials are tasked with effectively communicating the repolling arrangements to candidates and the public.
ED opens money laundering probe against Subhash Chandra in Rs 1,322 crore loan case
The Enforcement Directorate has registered an ECIR against Essel Group chairman Subhash Chandra in an alleged Rs 1,322 crore loan fraud involving LIC Housing Finance. The move follows a CBI FIR over two loan facilities worth Rs 980 crore sanctioned to Essel Group-linked companies in 2018. Zee Entertainment said the case does not affect its operations.
Zee draws line between CBI probe against Subhash Chandra and its business
Zee Entertainment Enterprises has clarified that an Enforcement Case Information Report (ECIR) registered against founder Subhash Chandra in his personal capacity has no bearing on the company or its operations. The development follows an ongoing CBI investigation into an earlier FIR filed by LIC Housing Finance against the promoter entities.
Rs 210-crore bank fraud case: CBI books Chandra Proteco and its directors
The CBI has registered an FIR against Chandra Proteco Limited and its directors over an alleged bank fraud of Rs 210.13 crore involving five banks. The case follows a complaint by Indian Bank, which alleged that the company obtained loans and letters of credit worth Rs 541.46 crore from a consortium of six banks and diverted funds through associate companies. The agency also conducted searches at premises linked to the directors in Prayagraj.
Noel, Chandra secret truce talks reach no conclusion
Tata Sons chairman N Chandrasekaran and Tata Trusts chairman Noel Tata held talks aimed at easing tensions over key governance issues, including a possible Tata Sons listing, the Shapoorji Pallonji Group’s stake and Chandrasekaran’s reappointment, but the meeting ended without a resolution. The dispute deepened the next day when Noel Tata challenged decisions taken at the September 17 Tata Sons board meeting and sought records related to the approval of Chandrasekaran’s new term.
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