The I-T Department has charged family members of RJD chief Lalu Prasad, including his wife, son and daughters, under the Benami Transactions Act in connection with its probe into land deals worth Rs 1,000 crore and tax evasion.

The Income Tax (I-T) Department has served notices of attachment of assets to Lalu's daughter Misa Bharti and her husband Shailesh Kumar, his wife and former Bihar Chief Minister Rabri Devi, son and Bihar Deputy Chief Minister Tejashwi Yadav and daughters Chanda and Ragini Yadav.

The GMR group is planning to bid for expansion and modernisation of existing airports in Serbia and Jamaica, as it aims to double airports to 10 under management over the next few years.

"We are looking for opportunities both in India and abroad. We have qualified to bid for Belgrade (Serbia) and Kingston (Jamaica) airports," said Sidharth Kapur, president, GMR airports on Tuesday.

Markets regulator Sebi is likely to amend some existing regulations to ease the insolvency process initiated by the Reserve Bank of India (RBI) and other lenders against companies with high debt.

According to sources, Sebi is planning to reduce the timeline for completion of takeover from six months to 30 days for acquirers in the case of insolvency proceedings. Price discovery and disclosure-related rules in such takeovers are also expected to be relaxed.

Lenders to Monnet Ispat on Tuesday gave the mandate to the State Bank of India, the lead lender, to move an application before the National Company Law Tribunal (NCLT) to start the resolution process for the ailing steel firm.

A senior public sector bank executive said the lenders had given their nod to file the application under the Insolvency and Bankruptcy Code.

Mumbai: Reliance Communications Ltd, part of Anil Ambani-led Reliance Group, has invited offers to sell or jointly develop 133-acre Dhirubhai Ambani Knowledge Centre (DAKC) located in Navi Mumbai.

DAKC, an information technology (IT) park, has a development potential of 13 million sq.ft, including a captive residential area. So far, around 2 million sq.ft has been developed, as per a newspaper advertisement by the company.

Hindi cinema actor Deepika Padukone has been nominated in Teen Choice Awards for her breakthrough role in xXx: Return of Xander Cage and the actor will compete with Wonder Woman Gal Gadot for the trophy.

Deepika, 31, has been nominated in the Choice Action Movie Actress category for essaying the role of xXx agent Serena Unger, who helps Xander Cage in saving the world in the DJ Caruso directed film.

Adding to the fear that full artificial intelligence (AI) could spell the end of the human race, researchers from the Facebook Artificial Intelligence Research Lab (FAIR) have found that while they were busy trying to improve chatbots, the “dialog agents” were creating their own language. Soon, the bots began to deviate from the scripted norms and started communicating in an entirely new language which they created without human input, The Verge reported on Tuesday. Using machine learning algorithms, the “dialog agents” were left to converse freely in an attempt to strengthen their conversational skills.

Spy shots of the TVS Apache RR 310S or earlier known as the Akula has once again surfaced the internet. The much-awaited motorcycle was spotted testing on Indian roads indicating that the launch will happen soon. The TVS Apache RR 310S is based on the Akula concept model that was showcased at the 2016 Auto Expo.

The TVS Akula RR 310S is a fully faired motorcycle that has been jointly developed by the Indian motorcycle manufacturer and BMW Motorrad, therefore, sharing its design cues with the upcoming BMW G310R.

Reliance Industries’ planned USD 6 billion investment to monetise gas finds in KG-D6 block will increase its exposure to the extremely challenging Indian gas business that is fraught with delays and retrospective changes in regulation, Moody’s Investor Service said today. Reliance Industries(RIL) and its partner BP Plc of the UK last week announced that they are moving ahead with development of three fields in the KG-D6 block off the east coast of India. Investment of Rs 40,000 crore in the development of the fields is expected to produce 30-35 million cubic meters of gas a day (mmscmd) by the year 2020-2022.

Air India, which is proposed to be put on the block, is auctioning residential properties in tony Mumbai neighbourhoods.

The electronic auction starts at 2 pm on Tuesday where one can bid for any or all of 14 flats in an Air India-owned residential building at Pali Hill, Bandra West, sources in the auctioneer, Kolkata-based state-owned MSTC Ltd, said.

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