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‘No question I haven’t answered’: Chidambaram counters CBI in court

NEW DELHI: The special court that sent former Union minister P Chidambaram to CBI custody till August 26 in the INX Media case, allowed him to make a brief submission during the hearing despite strong objection from the probe agency.Soon after arguments on custodial interrogation got over, senior advocate Abhishek Manu Singhvi, who was appearing for Chidambaram, sought permission from special judge Ajay Kumar Kuhar that his client be allowed to speak as he wants to throw some light on the questions being asked by the CBI during interrogation.Solicitor general Tushar Mehta, who was appearing for the CBI, vehemently opposed the request saying the former finance minister has a team of legal stalwarts like senior advocate Kapil Sibal and Singhvi, who have already presented their arguments, and...

Police custody is justified: Court on Chidambaram

NEW DELHI: Congress leader P Chidambaram was on Thursday sent to CBI custody till August 26 by a Delhi court which said his custodial interrogation was justified in the INX Media corruption case.“Allegations against Chidambaram are serious in nature and in-depth investigation is required,” the court said as it rejected the arguments of the Congress leader’s lawyers.“Considering the facts and circumstances, I am of the view that police custody is justified,” special judge Ajay Kumar Kuhar said after listening to the arguments of both sides.“Trail of money, if so paid, is to be ascertained. It is a case based on documentary evidence and those documents need to be traced,” the court said.The court observed that allegations of payment to Chidambaram in...

Rajiv didn’t use mandate to spread fear: Sonia

NEW DELHI: Former prime minister Rajiv Gandhi got a massive poll mandate in 1984, but did not use it to create an atmosphere of fear, threaten and scare people or destroy institutions, Congress president Sonia Gandhi said on Thursday, in an apparent swipe at the Modi government.Addressing an event marking Rajiv Gandhi’s 75th birth anniversary , she also said the challenges facing the Congress were formidable, but it must continue with its ideological struggle against divisive forces.“In 1984, he (Rajiv Gandhi) won an unprecedented mandate, but did not use that power to create an atmosphere of fear or threaten and scare,” Sonia Gandhi said.The former prime minister did not use that power to destroy the independence of institutions, trample on divergent views and create dan...

Justin-Hailey to tie the knot on THIS date

Hollywood stars Justin Bieber and Hailey Baldwin will soon be completing a year of togetherness after they secretly exchanged vows at a New York City courthouse but the couple is now all set to tie the knot traditionally. According to a Hollywood report, the millennial stars have sent out wedding invitation cards to their close and near ones as they plan to walk down to aisle. The report further suggested that the pop sensation and the supermodel will be walking down the aisle on 30th September in South Carolina. The news has gone viral within no time and their fans have erupted with wishes on social media. Meanwhile, the couple has been giving us major relationship goals since the time they have come together and now it looks like they are taking their relationship to the next level.Times...

Oil cos stop fuel supply to Air India in 6 airports

MUMBAI: Oil marketing companies (OMC) stopped Air India‘s jet fuel uptake in six airports, including Kochi, Pune, Patna, Ranchi, Vizag and Mohali over payment defaults on Thursday afternoon. “Around 4 pm, Air India was informed that it would not be able to uptake fuel in these six stations. On flights operated to these airports, Air India is currently uploading double the fuel quantity so as to have enough fuel to operate the return flight without refuelling at any of these stations,” said a source. Last month, Indian Oil Corporation (IOC) had threatened to stop fuel supplies, but the matter was resolved following intervention by the civil aviation ministry. An Air India spokesperson confirmed the development. “In the absence of equity support Air India cannot handl...

Billionaires facing a corp debt reckoning in India

NEW DELHI: Indian tycoons including Ajay Piramal and Pallonji Mistry are grappling with a prolonged realty slump that’s adding to the shadow banking crisis, showing that even the nation’s richest can’t escape widening cracks in the debt market. Ratings of some companies in the conglomerates run by billionaires Piramal and Mistry have been cut as the business environment worsened and funding costs rose. Rating companies also raised doubts about the debt repayment capabilities of a developer controlled by the nation’s richest property tycoon, and president of Bharatiya Janata Party’s Mumbai unit, Mangal Prabhat Lodha. “The deteriorating credit profiles of tycoons will have far-reaching implications in terms of ratings and lending,” said Sandeep Upadhyay, managing director of Centrum Infrastr...

Stimulus to industry creates moral hazard: CEA

NEW DELHI: Skeptical about the efficacy of a bailout package to Indian industry, chief economic adviser K V Subramanian on Thursday said any such step will be a “moral hazard” and an “anathema” to the market economy. The remarks come amid demand by India Inc for stimulus package to deal with the slowdown in various sectors of the economy. “Since 1991 we are a market economy, and in a market economy there are sectors which go on sunrise and then go through sunset phase,” he said at an event here. “If we basically expect the government to use taxpayers’ money to intervene every time when there are some ‘sunsets,’ then I think you introduce possible moral hazards from ‘too big to fail’ and as well as the possibility of a ...

Neetu Kapoor on Rishi Kapoor’s cancer battle

The past couple of months were very tough for veteran actor Rishi Kapoor as he was going through the cancer treatment in the US. In 2018, the actor had shared that he is flying to New York City for some medical treatment since then he is staying with his wife Neetu Kapoor in the city. However, it was only a few months ago that Rishi revealed that was undergoing cancer treatment and that he is now cancer-free.Recently, in an interview with Times Now, Neetu opened up about how Rishi’s battle with cancer and how she dealt with this difficult phase. When Neetu was asked how her husband’s cancer treatment been for her, Rishi said, “She has been a rock of Gibraltar, really really supported me without her I wouldn’t be not getting anywhere.” Adding to this, Neetu ass...

Salman and Aamir to romance new actresses?

It’s all out there that the blockbuster film ‘Andaz Apna Apna‘ starring Salman Khan, Aamir Khan, Raveena Tandon and Karisma Kapoor will soon get a sequel. The movie will also reunite the hit Jodi of Amar- Prem aka Salman and Aamir on-screen again. Writer Dilip Shukla had already confirmed that the second instalment will go on the floors soon and both the superstars will see romancing young actresses. In an interview with Asian Age, writer Dilip Shukla said, “I am writing the sequel. It is not easy to pen a sequel. I have to bring something more attractive in comparison to the earlier one. The sequel cannot be complete without Salman Khan and Aamir Khan. They will be there along with three other new cast members.” Furthermore, he also revealed that Aamir and Salman will be...

Sensex plunges 587 points as stimulus hopes dim

NEW DELHI: Equity indices fell sharply on Thursday with the benchmark BSE sensex plunging over 550 points amid heavy global sell-off as investors remained concerned over global economic slowdown. Investor sentiment also tanked after chief economic adviser (CEA) Krishnamurthy Subramanian virtually ruled out a stimulus package from the government. The 30-share index nosedived 587.44 points or 1.59 per cent to end at 36,472.93. While, the broader NSE Nifty moved 182.30 points or 1.67 per cent lower to settle at 10,736.40. Yes Bank — which holds 12.79 per cent stake in CG Power and Industrial Solutions — was the biggest loser in the sensex pack, with its stock plunging as much as 12.16 per cent to Rs 56.30. The Gautam Thapar promoted CG Power is facing multiple probes, with the min...

Akshay’s son Aarav is a chef in the making

Akshay Kumar fans are eagerly waiting for his handsome son Aarav to make his big Bollywood debut. However, it looks like Aarav has some other plans for himself. Akshay, who had earlier in his career worked as a chef in Bangkok, seems to have inspired his son and we have proof! Twinkle Khanna is often seen sharing pictures of her kids and husband on her social media handles with her fans. In one such instance yesterday, the actress shared a few pictures of some mouth-watering dishes. In her caption, she revealed that her son Aarav had made dinner and dessert for them last night. And if the pictures of the dishes he made is anything to go by then he is already nailing the cooking game. Check out the post here: She captioned it as, ‘My teenager makes us dinner and dessert all by himself 🙂 On ...

CBI arrests Chidambaram from his residence amid high drama

NEW DELHI: Former finance minister P Chidambaram was arrested by the CBI Wednesday night from his residence in connection with INX Media case after dramatic developments with the agency sleuths scaling walls to gain access to the bungalow in the high-end Jor Bagh locality.“Mr P Chidambaram has been arrested in connection with INX media case,” a senior official of the agency said.A CBI spokesperson said he has been arrested on the basis of a warrant issued by a competent court.After his arrest at his residence, the former minister was taken to Ram Manohar Lohia Hospital where a medical examination was done, sources said.Chidambaram has been kept in the suit No. 5 of the CBI Guest House on the ground floor of the agency headquarters, they said.He will be produced before a special...