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Canara Bank drops fraud charge against Anil Ambani's Rs 1,050-Crore loan account

Mumbai, July 10 (UNI) PSU lender Canara Bank today informed the Bombay High Court that it has withdrawn its classification of industrialist Anil Ambani's Rs 1,050 crore loan account as "fraudulent".
It may be recalled that in June, the State Bank of India (SBI) also had classified the loan account of the Anil Ambani-led Reliance Communications as "fraudulent".
Canara Bank's latest move comes after the Anil Ambani-led Reliance Communications, along with its unit, was initially labelled "fraudulent" due to allegations of misappropriating a Rs 1,050 crore loan. It was alleged by Canara Bank that the funds, originally sanctioned in 2017 for capital expenditure and debt repayment, were misused, resulting in the November 2024 "fraudulent" classification.
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Chhatrapati Sambhajinagar ZP to elect President, Vice-President on March 18

11 Mar 2026 | 3:17 PM

Ch. Sambhajinagar, March 11 (UNI) A special meeting to elect the president and vice-president of the Zilla Parishad in connection with the Zilla Parishad and Panchayat Samiti Elections 2026 has been scheduled for Wednesday, March 18. The meeting will be held at the District Planning Committee Hall in the Collector’s Office at Chhatrapati Sambhajinagar, Presiding Officer and Additional District Collector Sambhajirao Adkune informed.

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Maha Governor pays tribute to Chhatrapati Shivaji Maharaj, Dr Ambedkar and Veer Savarkar Memorial

11 Mar 2026 | 3:04 PM

Mumbai, March 11 (UNI) On the first day after assuming office, Maharashtra Governor Jishnu Dev Varma offered floral tributes to the equestrian statue of Chhatrapati Shivaji Maharaj at Dadar, Mumbai, on Wednesday.

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Maha: ACB officials nab three for accepting bribe

11 Mar 2026 | 10:11 AM

Kolhapur/Satara, March 11 (UNI) Anti-Corruption Bureau (ACB) officials from the Satara division arrested three suspects, including a president of Chandrahar Patil Rural Education Institutions, a library clerk and a private agent, for allegedly accepting a bribe of Rs 3 lakh from a complainant in exchange for facilitating a promotion to the position of professor in a college.

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LPG shortage in Nashik, long queues at LPG stations

11 Mar 2026 | 9:54 AM

Nashik, March 11 (UNI) The impact of the US-Israel-Iran conflict is now visible in the fuel market as there is a major shortage of LPG gas in Nashik. Price hike notices have been put up at many LPG pumps in the city and the gas price is currently Rs 74.95 per liter.

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Mahajan reviews preparations for Simhastha Kumbh Mela in Nashik, asks officials to ensure quality facilities

11 Mar 2026 | 9:48 AM

Nashik, March 11 (UNI) Maharashtra Minister for Water Resources (Vidarbha, Tapi, Konkan Irrigation Development Corporation), Disaster Management and Kumbh Mela, Girish Mahajan, reviewed the various development works underway in the backdrop of the Simhastha Kumbh Mela 2027 to be held in Nashik-Trimbakeshwar. He gave clear instructions on this occasion that since crores of devotees will come to Nashik and Trimbakeshwar, all the facilities should be well planned, of high quality and completed on time.

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