PM Modi inaugurates Delhi-Meerut Expressway
Narendra Modi today inaugurated country's first smart and green highway -
the Eastern Peripheral Expressway or EPE- built at a cost of Rs 11,000
crore. The Prime Minister had laid the foundation stone for the project
on November 5, 2015. The 135-km long EPE runs from Kondli - Ghaziabad-
Palwal. The Expressway, which has been completed in a record time of
about 500 days, has several unique features and is India's first highway
to be lit by solar power besides provisions of rain water harvesting on
every 500 metres on both sides.
GDPR impact: Google, Facebook look at $9.3 bn in fines under new EU privacy law
of privacy violation have been filed against tech giants Google and
Facebook within hours of General Data Protection Regulation (GDPR)
taking effect on Friday. Google and Facebook, along with the social
media giant's subsidiaries WhatsApp and Instagram, could be fined $9.3
billion in total over privacy complaints of breaking European Union's
new privacy law. Austria-based privacy-advocacy group Noyb.eu said that
the four companies are forcing users to adopt a "take it or leave it"
approach regarding privacy, demanding that they give in to intrusive
terms of service, a CNET report said.
IPO market heats up; 3 dozen companies line up Rs 35,000-crore public offers
IPO lane seems to get busier as three dozen companies have lined up
initial share sale plans worth Rs 35,000 crore in the coming months,
largely to fund their expansion projects and working capital
requirement. These include six state-run entities -- Indian Renewable
Energy Development Agency, Rail Vikas Nigam, IRCON International, RITES,
Garden Reach Shipbuilders and Engineers and Mazagon Dock -- as the
government intends to unlock the real value of such PSUs and bring in
PNB fraud: ED to seek immediate confiscation of Nirav Modi's assets under fugitive ordinance
Enforcement Directorate (ED) is set to move a special court in Mumbai
to seek permission for "immediate confiscation" of about Rs 7,000 crore
assets of designer diamond jeweller Nirav Modi under the recently
promulgated Fugitive Economic Offenders Ordinance. The agency, empowered
by the Union government to enact the new power in the country, will
seek an official declaration to categorise Nirav Modi as a "fugitive"
based on its prosecution complaint.
Sudha Balakrishnan appointed first CFO of Reserve Bank of India
executive Sudha Balakrishnan has been appointed the first ever chief
financial officer (CFO) of the Reserve Bank of India (RBI) effective May
15, in what is the biggest organisational change since Urjit Patel took
over as RBI governor. Balakrishnan, a chartered accountant, was till
recently vice president with the National Securities Depository Ltd
(NSDL), India's first and largest depository.