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Bank loan fraud: ED attaches Rs 20-crore assets of Rajasthan firm

Friday, December 13, 2019, 3:03 PM

Assets valued at over Rs 20 crore of a Rajasthan-based company and its promoters have been attached by the ED under the anti-money laundering law in connection with an alleged bank loan fraud case probe, the agency said on Friday. The case pertains to the company identified as Emgee Cables and Communications and its directors Shripal Choudhari, Anuradha Choudhari, Abhinav Choudhari, and others.
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Tesla receives 250,000 orders for Cybertruck, tweets Elon Musk

Wednesday, November 27, 2019, 12:08 PM

Tesla Inc has received 250,000 orders for its electric pickup truck unveiled five days ago, Chief Executive Officer Elon Musk suggested in a tweet. Musk has been promoting the Cybertruck on Twitter and cryptically tweeting out updates to the number of orders the company has received since the launch late Thursday. The company did not immediately confirm the figure after regular market hours.
 
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Britannia holds back product launches

Wednesday, November 20, 2019, 3:22 PM

Biscuit giant Britannia Industries has postponed product launches on account of a consumption slowdown in the country, which it said is expected to revive in the next 9-12 months. "We had a fairly packed calendar. But when we started to see the slowdown, we decided to postpone these launches because we were seeing inefficiencies coming into the system," managing director Varun Berry told.

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