Author: MitaanExpress

Mukesh Ambani is the richest Asian

Mukesh Ambani is the richest Asian Reliance Industries Ltd (RIL) Chairman Mukesh Ambani became the richest Asian on Friday, pushing Alibaba Group founder Jack Ma to the second spot, according to a report by Bloomberg. The market valuation of Reliance Industries surged past Rs 7 lakh crore mark during Friday morning trade, as Ambani positioned his company to disrupt the e-commerce space in India. His net worth is estimated to be around $44.3 billion with RIL rising 1.6 percent to a record 1,099.8 Rupees, according to Bloomberg Billionaires Index. The business magnate added $4 billion to his wealth just...

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DRI detects a major case of money laundering

The Directorate of Revenue Intelligence (DRI) has detected a major case of illegal money laundering to overseas destinations by over-invoicing imports of rough diamonds. DRI received a tip-off that 14 consignments of rough diamonds of very low quality were being imported at Bharat Diamond Bourse (BDB), Mumbai with a declared value of Rs 156 crore, which was subsequently accepted by the panel of the expert Valuers. A team of officers from DRI then intercepted the 14 consignments. Upon re-valuation of the said consignments, it was ascertained that these rough diamonds were of inferior quality and actually worth only about...

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Andhra Pradesh ranks No1 in Ease of Doing Business rankings

Andhra Pradesh is turning into an attractive investment destination under the visionary leadership of the state Chief Minister of Andhra Pradesh, Nara Chandrababu Naidu. Top domestic and global industries across sectors are coming forward to set up industries in AP. The likes of Kia, Foxconn, Flex, Hero Motocorp, Isuzu, Apollo Tyres, HCL and others have already come to Andhra Pradesh and some of them have already started their operations. Nara Lokesh, AP Minister for IT, Government of Andhra Pradesh said, “We’ve done it again! Andhra Pradesh is No 1 in Ease of Doing Business. Reason why some of the...

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Japan ready to support India in checking pollution levels: Japan’s Consul General.

Japan will support India in achieving its goals in various fields, including investments, technology transfer as well as handling of air, water and sea pollution and urban waste, said Mr Ryoji Noda, Consul General, Consulate of Japan, Mumbai, at the 12th Anniversary CII – VLFM/CSM Learning Convention organised by the Confederation of Indian Industry (CII). Stating that India will be leading in terms of population in another 10 years, Mr Noda said, “Japan is very much ready to support India in various fields, including investments, technology transfer, as well as experience sharing with India, such as how to handle...

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Mumbai Trans-harbour link road by 2022: Japan’s Consul General

Japan’s ODA focuses on Mumbai, most populous place by 2032: Japan’s Consul General at CII- VLFM Session Building manufacturing competitiveness must for double digit growth: Jamshyd N Godrej Japan ready to support India in checking pollution levels: Japan’s Consul General said. Japan will support India in achieving its goals in various fields, including investments, technology transfer as well as handling of air, water and sea pollution and urban waste, said Mr Ryoji Noda, Consul General, Consulate of Japan, Mumbai, at the 12th Anniversary CII – VLFM/CSM Learning Convention organised by the Confederation of Indian Industry (CII). Stating that India...

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