Skip to content
Search

Latest Stories

India’s CBI Team To Attend Court Proceedings On Vijay Mallya’s Case

A probe team under India’s federal investigations agency, Central Bureau of Investigation (CBI) Joint Director A Sai Manohar will present during the court proceedings in the UK on India’s appeal seeking the extradition of erstwhile business tycoon Vijay Mallya.

The UK court is expected to pass its judgement on Monday (10).


Prior to Sai Manohar, CBI’s special director Rakesh Asthana led a CBI team was working on the Mallya’s extradition case in coordination with the British Crown Prosecution since last year.

Following unexpected developments in India which resulted in charges and counter-charges between Asthana and CBI director Alok Kumar Verma, Indian government removed their powers pending an inquiry by the Central Vigilance Commission.

The issues of charge and counter-charges came up before India’s top court, the supreme court which has reserved its ruling on a petition by Verma which challenged the government’s decision to divest him of powers.

More For You

Asda-Getty

Asda, which is dealing with declining sales after a private equity-led takeover, denied any discrimination.. (Photo credit: Getty Images)

Asda staff move closer to £1.2 billion equal pay payout

THOUSANDS of Asda workers have won the latest stage in a long-running equal pay case, bringing them closer to a potential £1.2 blillion payout.

The Manchester employment tribunal ruled that 12 out of 14 lead claimants, part of a case involving 60,000 employees, had jobs of equal value to their higher-paid, mostly male counterparts working in Asda warehouses, The Guardian reported.

Keep ReadingShow less
Diageo-jw-reuters

The global beverage company is known for brands like Johnnie Walker. (Photo: Reuters)

Diageo faces challenges in life after Ivan Menezes

DIAGEO, the global beverage company known for brands like Johnnie Walker and Guinness, has encountered significant challenges following the death of CEO Sir Ivan Menezes in June 2023. Menezes, who had led the company since 2013, was succeeded by Debra Crew.

Under Crew's leadership, Diageo has faced a profits warning and adverse global consumer trends. The company's shares have declined nearly 30 per cent since her appointment.

Keep ReadingShow less
Nirmala-Sitharaman-Reuters

India's finance minister Nirmala Sitharaman presented the annual budget on Saturday, February 1. (Photo: Reuters)

Key points from India's 2025 budget

INDIA will focus on increasing the spending power of its middle class, encouraging private investment, and promoting inclusive development, finance minister Nirmala Sitharaman said on Saturday while presenting the annual budget.

Sitharaman said the budget for 2025-26 includes measures for the poor, youth, farmers, and women. She also highlighted "transformative reforms in taxation."

Keep ReadingShow less
Shoplifting surge costs retailers record £2.2bn

In the 12 months to September 1, 2024, a total of 45,000 cases involving violence or abuse were recorded (Photo: iStock)

Shoplifting surge costs retailers record £2.2bn

SHOPLIFTING across the UK has spiked in recent months costing stores a record £2.2 billion ($2.7bn) in losses, a leading retail organisation warned.

"Retail crime is spiralling out of control," the British Retail Consortium said in its latest annual report, adding that thieves were also becoming more violent towards staff.

Keep ReadingShow less
Nirmala-Sitharaman-Getty

India's finance minister Nirmala Sitharaman will deliver the budget speech on Saturday. (Photo: Getty Images)

What to expect from India's budget

INDIAN prime minister Narendra Modi's government will present the annual budget on 1 February, with a focus on economic growth, job creation, and trade policies amid global uncertainties.

Finance minister Nirmala Sitharaman will deliver the budget speech.

Keep ReadingShow less