Huge relief for Vijay Mallya as London HC allows appeal against his extradition
a huge relief to liquor baron Vijay Mallya, the Royal Court of Justice
in London passed an order which allows the fugitive businessman to
appeal against his extradition order to India. After the four-hour long
hearing, the two-bench court granted relief to Mallya on ground that the
applicant places the potential difficulty that it is not function of
appellant court to repeat fact finding exercise undertaken by a lower
court after hearing evidence.
Mumbai rains: City at 'serious risk of flooding', warns weather dept; toll rises to 36
people died in a wall collapse incident in Mumbai, paralysed by
incessant rainfall for the third consecutive day, as many parts of the
financial capital remained waterlogged, prompting authorities to declare
a holiday on Tuesday. Fourteen people died in rest of Maharashtra in
rain-related incidents since Monday, officials said.
PM Imran Khan owns assets worth more than Rs 10 core: ECP
Prime Minister Imran Khan has assets worth Rs 10.8 crore, operates
three foreign currency accounts and owns four goats, the election
commission said on Tuesday. The Election Commission of Pakistan (ECP)
publicly released asset details of key politicians, including that of
Prime Minister Khan, The Express Tribune reported. The ECP revealed that
Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto-Zardari to be the
wealthiest among all the politicians with a net worth of Rs 150 crore.
India's eight core sectors grow by 5.1% in May
growth of eight core sectors in India improved to 5.1 per cent in May,
helped by rise in output in steel and electricity, official data showed.
During April-May, the cumulative growth of these industries, which
accounts for almost 41 per cent of the weight of items included in the
Index of Industrial Production (IIP), was 5.7 per cent
Bank Frauds: CBI cracks down on loan defaulters in 12 states, registers 14 cases
Central Bureau of Investigation (CBI) Tuesday raided more than 50
locations in 50 different cities across 12 states/UTs in a countrywide
action relating to bank cases. The agency conducted searches in various
cities including Delhi, Mumbai, Ludhiana. The agency has conducted this
special drive against bank loan defaulters for an amount involving
approximately Rs 640 crore.
RIL plans to invest about Rs 1,500 crore in 2 years in Jio Institute
Industries has informed the government's Empowered Expert Committee
that it will be investing about Rs 1,500 crore in its proposed
university, Jio Institute, in the next two years, according to a report
in the Economic Times. The Mukesh Ambani-led group is also in talks
with academic and institutional experts at Stanford University and
Northwestern University in the US. They are also consulting the Nanyang
Technological University in Singapore on establishing the facility.