Trending News India | up investor summit 2018

1. UPInvertorSummit2018 inaugurated today by Prime Minister Narendra Modi in Lucknow, in the summit More than 5,000 delegates are scheduled to attend the two-day summit and over 100 speakers will be addressing gatherings. While Adani Group will invest around 35,000Rs crore in Uttar Pradesh in the sector of the energy, logistics, solar power and development of road as well. The main focus is on the sector like agriculture.


 2. Here is a trending news India, from the global retail majors are ready to invest and spread in India, Major retails such as Walmart, Amazon and Alibaba are like to read their market in India in a large scale. Walmart is said to be in its final stage with Flipkart picking up a stake in the Flipkart distribution. Indian consumers will get access to wall mart and allowed to operate Business to Business retails. Similarly, Amazon is getting set to roll out in the retail business in next 6 months.  


3. On Tuesday, the Eros International stock rose 5.13% or 10.15 points on BSE to 207 levels after Reliance Industries Limited (RIL) it would acquire 5 more percent stake in NYSE mentioned Eros International for Rs 1,000 crore with the film industry and digital originals across all the languages.  


 4. India News on PNB fraud update: Vipul Ambani of the Firestar Diamond in PNB fraud case. CBI, Central Bureau Investigation said that Rajesh Jindal the former head of bank's brandy House Branch in Mumbai in the period of August 2009 and may 2011, Jindal was arrested along with the tally of bank officials. Startup world news the branch is centre on the alleged fraud case of PNB involving the firm Diamond merchants Nirav Modi.


In the case, Nivar Modi's Lawyer denied with any wrongdoing and his uncle Mehul Choksi whose firm Gitanjali Gems as giving a statement that they have nothing to do with the case. 


5. latest news India in the fraud case of Rotomac, Vikram Kothari coned 7 banks for Rs 3,695 crore to create his fake companies to seek load.The ED and the CBI cases lodged against the businessman say he deceived seven banks by using loans to export in many terms. In Vikram Kothari's rotomac bank of India loaded Rs 754.77 crore, Bank Of Baroda Rs 456.63 crore, Indian Overseas Bank Rs 771.07 crore; Union Bank of India Rs 458.95 crore; Allahabad Bank Rs 330.68 crore; Bank of Maharashtra Rs 49.82 crore; and Oriental Bank of Commerce Rs 97.47 crore. 


As the agencies investigate Vikram Kothari's money trail, cases have been lodged against his wife Sadhna Kothari and son Rahul Kothari, and several banks, all the banks involve to  who allegedly helped him by hiding the information about his fake companies, or conniving with him 

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