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Kanika Datta: 'Foreign hands' in Indian business
Kanika Datta / New Delhi December 10, 2009, 0:53 IST

Radio City Connect partners with Force India for Go Karting Championship
The Indian corporates have all the reasons to smile in this scorching summer of June, as they can take their teams on the fast track. Radio City Connect, activation arm of Radio City, India’s first and leading FM radio brand has partnered with Force India F1 team for Corporate Go Karting Championship across Mumbai, Delhi, Chennai, Bangalore and Hyderabad. Corporates from these five cities will get an opportunity to participate in the Maruti Suzuki Ritz presents Force India & Radio City Connect corporate Go Karting Championship.

News of the day

Unilever's acquisition of Sara Lee not to 'HIT' JV: Godrej
Godrej Group Chairman Adi Godrej today said global FMCG player Unilever"s move to acquire the personal care division of US-based Sara Lee will not have any impact on his group"s joint venture with the American firm.
Online Business

ED to visit 5 countries on Koda wealth trail

The court of the special judge, Ranchi, has allowed the Enforcement Directorate (ED) to visit Thailand, United Arab Emirates (UAE), Indonesia, Sweden and Liberia to conduct further investigations into money laundering and hawala case involving over Rs 2,000 crore against the former Jharkhand Chief Minister Madhu Koda and his aides. - 17 FCCB violations investigated, says govt - ED claims evidence of FDI law violations by Emaar MGF - ED conducts search ops at Emmar-MGF offices - Koda Case: ED conducts searches at Emaar MGF"s offices - ED to soon move court for Koda"s custody - ED gets arrest warrant against Koda"s close aide The special judge, Pankaj Kumar, ordered issuance of letters of request in the name of the five countries to enable ED officials to conduct investigation. SR Das, the counsel for ED told the court that the visit was necessary as the agency had unearthed facts about the illegal investments and hawala transactions made in these countries by the accused. During raids at over 70 premises of Koda and his aides, Income Tax Department and the ED had recovered documents allegedly showing Koda and his associates’ involvement in hawala transactions and illegal investments. The ED booked Koda and his aides under the Prevention of Money Laundering Act on October 9.


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