Sri Lankan Business Tycoon Lalith Kotalawala who was remanded by the Mount Lavinea Magistrate last friday on misusing of Rs.26 Billion worth Public Deposits re apply for Bail today through his Lawyers at the Colombo High Court.His Bail Application was taken to Notice by the Attorney General and Officer in Charge in Colombo Crimes Division […]
NTPC Charged for Inflating Revenue by 938.3 Crores
Close on the heels of Satyam scandal, the government owned National Thermal Power Corporation-, which is by far the largest electricity generator in India-, has been charged with over stating the revenue receipts by 938.3 Crores by the Comptroller and Auditor General of India (CAG). The audit watchdog made the observations while scrutinizing the turnover […]
Powerup and charge your devices without any cords…
An Israeli startup called Powermat are developing a new technology of wireless electricity. Their mission is to have a surface like a wall, a table or even a shelf that will provide power on demand to your gizmo’s as well as charging it. Imagine the office meeting room, when the table there provide power to […]
Egyptian Tycoon Charged In Murder Case
A billionaire businessman and parliamentarian from Egypt’s ruling party has been charged with paying a man $2 million to kill a lebanese singer in Dubai, the prosecution said on tuesday. The accused is Hesham Talaat Moustafa, chairmqan of Talaat Moustafa Group, one of the biggest and most successful companies in the booming real estate sector. […]
Courier companies fight rules at Hyderabad International airport
Courier companies are protesting the arrangements at the Rajiv Gandhi International Airport at Shamshabad. Important documents and demand drafts are stuck at the airport, courier services said, imperilling financial transactions worth crores of rupees. Menzies Aviation handles cargo for the airport operator, GMR Hyderabad International Airport Limited. Courier organisations say they are being charged exorbitantly. […]
European Union Fines Five Rubber Companies
While five rubber companies were given a hefty fine, a sixth company was let off. The sixth company was let off by blowing the whistle on the cartel to the European Union. Chloroprene rubber is used for numerous products used in the household. While it stretches under stress like a rubber band, it returns to […]
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