DHFL scam; CBI arrests Dheeraj Wadhawan in Rs 340 billion fraud case
The Central Bureau of Investigation (CBI) has apprehended former DHFL Director Dheeraj Wadhawan over his purported involvement in a scheme to defraud a consortium of 17 lending banks amounting to Rs 340 billion, according to officials on May 16. Wadhawan was taken into custody from Mumbai during the night of May 13 and subsequently presented before a special court, which remanded him into judicial custody. He and his brother Kapil were previously detained in connection with the case on July 19, 2022.
The agency had submitted a charge sheet against 75 entities, including Kapil and ..
Supreme Court criticises officials for mishandling solid waste
The Supreme Court criticised the authorities for the inadequate management of solid waste in Delhi-NCR and issued a directive for the Union Housing and Urban Affairs Secretary to organise a meeting of the relevant authorities to devise a solution, which would then be presented before the court.
The Bench, led by Justice AS Oka, expressed that if the authorities failed to propose any tangible solutions, they would contemplate issuing severe orders to address the environmental concerns in Delhi and its surrounding areas.
The Bench underscored the significance of the issue, labell..
Assam Greenfield Airport Project Halted
The ambitious Greenfield Airport project in Assam has hit a roadblock following a significant decision by the Supreme Court. In a recent ruling, the apex court overturned the order issued by the National Green Tribunal (NGT), effectively halting the construction of the airport. This development has sparked debates and concerns regarding environmental conservation and infrastructural development in the region.
The Assam Greenfield Airport project, aimed at bolstering connectivity and fostering economic growth in the state, has been a subject of contention due to its potential environmen..
TVS Motor Unveils Electric Two-Wheeler
TVS Motor Company, a leading two-wheeler manufacturer in India, has unveiled its latest addition to the electric vehicle segment with the launch of the TVS iQube Electric in Bengaluru. This move marks the company's foray into the burgeoning electric vehicle market, aligning with the global shift towards sustainable mobility solutions.
The TVS iQube Electric promises to redefine urban commuting with its advanced technology and eco-friendly features. Boasting a sleek design and compact structure, the electric scooter is tailored to meet the evolving needs of urban commuters, offering a s..
Chinese EV Giant Leapmotor Eyes Indian Market
Chinese electric vehicle (EV) manufacturer Leapmotor is poised to make a significant entry into the Indian market in the third quarter of the 2024-25 fiscal year. With India rapidly transitioning towards electric mobility, Leapmotor's arrival could mark a pivotal moment in the country's automotive industry.
Leapmotor's decision to venture into India underscores the growing appeal of the country as a lucrative market for EV manufacturers worldwide. As one of the world's largest automotive markets, India presents immense opportunities for companies looking to capitalise on the increasing..