Four arrested with antiques worth Rs.2 crore

September 25th, 2009 CHANDIGARH - Police Friday seized 7.8 kilograms of heroin, worth Rs.35 crore, from two places in Punjab and arrested three people, said the officials. In the first seizure, police of the border district of Gurdaspur, around 250 km from here, seized five kg of heroin and arrested two smugglers.

September 23rd, 2009 NEW DELHI - A Nigerian national was arrested in the national capital with over one kg of heroin worth Rs.1 crore (Rs.10 million), Delhi Police said Wednesday. Banzi Babatunde, member of an international drug cartel, was arrested Tuesday from Lodhi Road area on a specific information, a police officer said.

September 19th, 2009 RANCHI - A Jharkhand Mukti Morcha (JMM) legislator and his brother own undeclared assets worth more than Rs.10 crore (Rs.100 million), an official of the Income Tax (IT) department said Saturday. According to the official, JMM legislator from Giridih district Munna Lal owns undeclared assets worth Rs.10.20 crore in his name and in the names of his relatives.

September 8th, 2009 NEW DELHI - The government Tuesday approved nine foreign investment proposals worth Rs.74.61 crore on the recommendations of the Foreign Investment Promotion Board (FIPB). However, the board rejected the proposal of Goldman Sachs for waiving off the Press Note 1 that stipulates government approval for new foreign investment proposals or technical collaboration where the foreign investor already has a joint venture in the same or allied field.

August 31st, 2009 AMRITSAR - The Punjab Police arrested five people here Monday and recovered four kilograms of heroin from their possession, officials said. According to a senior official of Punjab Police, the seized contraband is worth Rs.200 million (Rs.20 crore) in the international market.

August 18th, 2009 NEW DELHI - The government Tuesday cleared 10 foreign direct investment (FDI) proposals worth Rs.1,123 crore ($230.5 billion), including one by DishTV to raise Rs.750 crore through convertible bonds. Vijay Mallya-promoted United Breweries' proposal to issue convertible warrants worth Rs.219 crore also got the Foreign Investment Promotion Board's (FIPB) approval.

July 27th, 2009 NEW DELHI - Construction and engineering major Punj Lloyd Monday said it has posted a net profit of Rs.125 crore in the first quarter this fiscal, up 27 percent from the Rs.98 crore it earned in the corresponding quarter last fiscal. Revenues increased 12 percent to Rs.2,979 crore, compared to Rs.2,658 crore in the year-ago period, the company said in a regulatory statement.

July 17th, 2009 NEW DELHI - The government Friday cleared 16 foreign direct investment (FDI) proposals valued at Rs.891.71 crore, the bulk of them for by a power project, the government said Friday. The proposals were cleared on the recommendations of the Foreign Investment Promotion Board (FIPB), which met here July 10, a finance ministry statement said.

July 13th, 2009 LUCKNOW - Two men involved in supplying contraband drugs to various states were arrested in Uttar Pradeshs Ghazipur district with heroin worth nearly Rs.2 crore, police said Monday. Inspector D.P.

June 14th, 2009 NEW DELHI - Western India remained the most favoured investment destination for corporates in 2008-09, according to an industry lobby report. The Associated Chambers of Commerce and Industry (Assocham) said in its report, "Investment Prospects in Indian Economy in 2008-09", that the western region comprising Maharashtra, Gujarat, Goa and Daman and Diu attracted planned investments worth Rs.305,057 crore last year.

June 9th, 2009 MUMBAI - A Punjab police official, who has won the Arjuna Award as wrestler, was arrested with three accomplices for allegedly carrying banned party drugs worth nearly Rs.20 crore (Rs.200 million), an official said Tuesday. The Narcotics Control Bureau (NCB) carried out an operation yielding 25 kg of methamphetamine, worth around Rs.20 crore in the international market, the official said.

June 6th, 2009 NOIDA - Four people were arrested with 5 kg of heroin worth Rs.1 crore in this town adjoining the national capital, police said Saturday. Senior Superintendent of Police Ashok Kumar Singh said the four - Sanjay Sharma, Rajeev Sharma alias Raju, Santosh and Munna - were arrested Friday evening.

May 27th, 2009 NEW DELHI - Rajasthan attracted investments worth Rs.69,052 crore, the highest among northern states, during 2008-09, a business chamber report released here Wednesday said. The report, 'Investment Prospects in Indian Economy 2008-09' by the Associated Chambers of Commerce and Industry (Assocham), said Haryana, which attracted investments worth Rs.52,852 crore, came second, followed by Uttarakhand with Rs.36,059 crore.

April 27th, 2009 NEW DELHI - The government has cleared 22 foreign investment proposals worth Rs.541 crore, including a Rs.237.2-crore project of Mumbai-based telecom company Tikona Digital Networks, the finance ministry said Monday. Kolkata-based water infrastructure company Electrosteel Castings and Anant Raj Industries are also among the companies whose projects got the government nod.

February 26th, 2009 NEW DELHI - Construction and engineering major Larsen and Toubro (L&T) Thursday said it has bagged new orders worth Rs.1,162 crore (Rs.11.62 billion) for the construction of factories and residential projects. The orders have been bagged by L&T's Buildings and Factories Operating Co, which is part of its construction division.