BJP supremo Amit Shah to visit Mangaluru on Oct 4

Bengaluru, Apr 16: Special Investigating Team (SIT), headed by Joint Commissioner of Police (Crime), Sandeep Patil, subjected former underworld don turned social activist Muthappa Rai in connection with gangster and underworld don Ravi Poojary's criminal cases.

Sandeep Patil, Joint Commissioner of Police (Crime) said that the Assistant Commissioner of Police, Venugopal and police inspector Bulletin have questioned Rai in his house for more than two hours about Ravi Poojary case.

Muthappa Rai was allegedly one of the accused in builder Subbaraju murder case. They both were allegedly close in the initial days and they were like a team, said a senior officer. So Rai was questioned about their connection. Rai, who reformed himself many years ago, is into business and social service at present.

Jan 27: Bidders for Air India Ltd. will need to absorb $3.26 billion of its debt, as Prime Minister Narendra Modi’s administration tries once again to sell the national carrier.

The entire company will be sold but effective control needs to stay with Indian nationals, according to preliminary terms published Monday. Bids are invited by March 17 with Ernst & Young LLP India as transaction adviser.

Air India, which started in 1932 as a mail carrier before winning commercial popularity, saw its fortunes fade with the emergence of cutthroat low-cost competition. The state-run airline has been unprofitable for over a decade and is saddled with more than $8 billion in debt.

Indian regulations allow a foreign airline to buy as much as 49% of a local carrier, while overseas investors other than airlines can buy an entire carrier. The government didn’t find a single bidder when it tried to sell Air India in 2018.

New Delhi, Jun 2: Congress leader Rahul Gandhi on Monday took a jibe at Prime Minister Narendra Modi over Moody's Investors Service downgrading India's sovereign rating to the lowest investment rate and said that the global rating agency has rated his handling of the country's economy "a step above junk".

"Moody's has rated Modi's handling of India's economy a step above JUNK. Lack of support to the poor and the MSME sector means the worst is yet to come," the Congress leader tweeted citing a media report on Moody's downgrading the nation.

On Monday, Moody's downgraded the country's rating to "Baa3" from "Baa2". This comes at a time when the government is facing criticism from the Opposition over its handling of the COVID-19 situation and measures to boost the economy.

The government has already announced a stimulus package of Rs 20 lakh crore to deal with the situation.