Daily Archives: June 24, 2019

$490 billion in black money stashed abroad by Indians: Report

Studies conducted by three premier institutes — NIPFP, NCAER and NIFM — have concluded that unaccounted wealth held by Indians outside the country till 2010 could be as high as $490 billion, besides black money parked within the country as ‘investments’ in sectors like real estate, mining, tobacco/gutka, bullion, films and education.

Tata Sons to up stake in Trent to 33% from 28%

L&T set to control Mindtree after Nalanda gives up fight

Pulak Prasad-led Nalanda Capital has sold its entire 10.6% stake in Mindtree, paving the way for hostile acquirer L&T to take control of the mid-tier IT services company.

RBI site to accept plaints against banks, finance companies

The Reserve Bank of India (RBI) has introduced a complaint management system (CMS) on its website through which customers can obtain redressal of their grievances against all financial service providers regulated by the central bank.

Mindtree CEO may go as L&T tightens grip

Larsen & Toubro (L&T) is likely to push for a management rejig at Mindtree, including a change of CEO, even as the engineering services conglomerate tightens its hold over the Bengaluru-headquartered company. The share sale by Nalanda Capital, the largest institutional investor, came as a big blow to the company’s incumbent management.

Ranbir-Alia & Abhi-Ash pose with Rishi-Neetu

Neetu Kapoor has been keeping us updated about her day to day activities through her Instagram. And from her recent Instagram stories, it seems, the Kapoors are having a great time in New York.

Big sports events today

Here are the big sports events lined up for Tuesday (June 25) that comprise the ICC World Cup 2019 match between England and Australia.

World Cup: Sensational Shakib keeps Bangladesh in semifinal contention

Shakib Al Hasan (51 off 69 and 5/29) came up with a special all-round performance, steering Bangladesh to a 62-run win over Afghanistan on Monday and keeping their semifinal hopes alive in the World Cup.

We are going into the game with a lot of confidence: Aaron Finch

We are going into the game with a lot of confidence: Aaron Finch

Israel will do ‘everything’ to stop Iran going nuclear: Netanyahu