Business

CBI raids former finance minister P Chidambaram and son Karti in Chennai

The Central Bureau of Investigation (CBI) on Tuesday raided the house of former finance minister P Chidambaram and his son Karti in Chennai.

The raids were linked to clearances given to INX media, which was once owned by Peter Mukerjea, media reports said.

A total of at least 14 locations in Chidambaram's home city of Chennai were searched by the CBI, India's main federal crime-fighting agency, reports said.

Karti Chidambaram is facing money laundering probe in connection with the Aircel-Maxis deal of the 2G scam.
 
Shortly after media reports of CBI raids at Chidambaram's house in Chennai came out, the Congress came out to defend the former finance minister.

"What have you been doing for three years? If there were serious charges, go ahead. If you have evidence, establish it. You are destroying reputations. The people of India are watching this. You are still trying to fish and find out," Congress spokesperson Tom Vadakkan said.

Avaali Solutions to launch unique vendor portal; aims to embrace digital transformation

New Delhi : Avaali Solutions, a startup pioneering in the space of enabling digital transformation for enterprises across various sectors in India, ha...

Bajaj Finance increases fixed deposit rate of interest

Pune : Bajaj Finance Ltd., the lending and investment arm of Bajaj Finserv, has increased its Fixed Deposits' (FD) rate of interest.The company has in...

Brainwonders announces expansion plans across North India

New Delhi : Brainwonders, the expert in the science ofDermatoglyphics and the only U.S Patented DMIT Company, has announced mega expansion plans acros...

Suheil Tandon wins International Olympic committee award

New Delhi : Social Entrepreneur Suheil F. Tandon has won the International Olympic Committee's Sport and Active Society Commission's Grant Awardfor hi...