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Nirav Modi, His Family Served Notices To Recover Rs. 7,000 Crore

Monday, December 10, 2018, 12:45 PM

The Debt Recovery Tribunal (DRT) today sent notice to fugitive jeweller Nirav Modi, his family members and his companies to recover over Rs. 7,000 crore in dues. The notices by the DRT-1 Registrar A Murali came six months after the beleaguered Punjab National Bank (PNB) had moved the tribunal in July to recover around Rs. 7,029 crore.
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Tuticorin Sterlite plant closure raised sulphuric acid prices by 300%

Thursday, December 6, 2018, 5:36 PM

Vedanta-run Sterlite Copper's CEO P Ramnath has said the closure of the company's copper smelter in Tuticorn has increased the prices of sulphuric acid by 300% in 6 months. He added the plant produced sulphuric acid, a key raw material for making fertilisers, as a by-product. The plant met 80-90% of the country's demand for sulphuric acid, Ramnath further said.
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Microsoft tops Apple as most valuable listed company

Saturday, December 1, 2018, 10:13 AM

Microsoft dethroned Apple as the world's most valuable company after its market value was above Apple's at the close of trading on Friday at $851.2 billion, compared to Apple's $847.4 billion. Microsoft's valuation surpassed multiple times this week during intraday trade but Apple beat Microsoft at market close. Apple's stock plummeted in November after lower than expected fourth-quarter earnings.

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