CBI Unveils Alleged Irregularities in Paradiso Cave-In

15 Jan 2024 CW Team

In a recent development, the Central Bureau of Investigation (CBI) has revealed details surrounding the Paradiso Cave-In case.

The investigation points fingers at Chintels India's CMD and seven others, accusing them of involvement in the controversy.

The chargesheet exposes a web of alleged irregularities, shedding light on the complexities of the case. The authorities delve into financial transactions, highlighting potential discrepancies that led to the collapse of the Paradiso project.

The accused individuals are now under scrutiny as the legal proceedings unfold. The case underscores the need for transparency and accountability in the real estate sector, urging a thorough examination of the practices that contributed to the unfortunate incident.

The CBI's pursuit of justice in this matter signals a crucial step towards maintaining integrity within the industry. As the legal process continues, stakeholders and the public await further revelations that may reshape the landscape of real estate governance in the region.

Paradiso Cave-In raises questions about regulatory oversight and accountability, emphasising the importance of a vigilant approach to prevent similar incidents in the future.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..