POLITICS
ED summons Praful Patel in money laundering case linked to Iqbal Mirchi
According to ED, the third and fourth floors of Ceejay House - built by Patel's Millennium Developers - were transferred to Mirchi's wife Hajra Iqbal.
BUSINESS
11 GVK Group entities under MCA scanner post whistle-blower plaint
MCA is also looking into role of auditors and company officials, including company secretary
BUSINESS
ED probes NCP leader Praful Patel for links with late gangster Iqbal Mirchi
In a drive that identified Iqbal Mirchi’s properties in India and abroad to the tune of Rs 500 crore, the ED zeroed in on Ceejay House, a 15-storey commercial building in Mumbai’s Worli area, which was owned by Mirchi and redeveloped by Patel’s firm Milennium Developers.
BUSINESS
ED arrests 2 persons allegedly linked to Dawood Ibrahim's late aide Iqbal Mirchi
The ED suspects that Mirchi, who died in London in 2013, had bought a five-star hotel in Dubai from the proceeds out of the sale of these three assets located in Worli, sources told Moneycontrol.
BUSINESS
ED attaches Wadhavans' properties worth Rs 3,000 crore; assets seized over 80% of PMC Bank loans
Moneycontrol has learnt that properties the ED attached today include about 2,100 acres of land located in Vasai, Virar and Palghar.
BUSINESS
PMC Bank crisis: Mumbai Police arrests former PMC chairman Waryam Singh
The EOW, which has been on the lookout for Singh since September 30, had conducted searches in Mumbai at the premises of Waryam Singh and former Managing Director Joy Thomas, who was also arrested on October 4.
BUSINESS
PMC Bank-HDIL scam: Former bank MD Joy Thomas to be in EOW custody till October 17
The Wadhawans were arrested in connection with the Punjab and Maharashtra Co-operative (PMC) Bank scam by the Economic Offenses Wing (EOW) of the Mumbai police on October 3.
BUSINESS
NSEL case: EOW arrests 2 auditors of EY associate SV Ghatalia
The two officials have been arrested in connection with a National Spot Exchange Limited (NSEL) scam, six years after it first came to light.
BUSINESS
PMC Bank crisis: ED conducting searches at premises of Waryam Singh, Joy Thomas
A senior ED official has confirmed about searches conducted by Enforcement Directorate
BUSINESS
NSE glitch: Unconvinced SEBI looks to penalise exchange
On September 13, NSE NOW, a trading terminal for traders, was not working properly in Gujarat, Rajasthan and in some parts of Maharashtra, prompting SEBI to slap a penalty of around Rs 50 lakh.
BUSINESS
MCA completes first round of physical inspection in Thomas Cook India
MCA officials met with key management personnel during its physical inspection at the company's registered office Mumbai on September 30.
BUSINESS
Believe that IL&FS will resolve above 50% of current debt: Uday Kotak
Kotak said that Rs 36,000 crore of debt has been resolved so far, and that they are considering alternative monetisation plans like Infrastructure Investment Trust (InvITs) seriously.
BUSINESS
Maharashtra elections 2019: I-T department has seized Rs 4 crore in last 15 days, says official
During the Lok Sabha polls earlier this year, the department had seized Rs 17 crore in Mumbai and Rs 28 crore in Maharashtra.
BUSINESS
PMC Bank crisis: MCA to probe HDIL's books on suspicion of fund diversion
According to reports, Punjab and Maharashtra Cooperative Bank (PMC), on which the Reserve Bank of India recently placed restrictions, breached exposure norms while dealing with HDIL which happens to be one of its biggest corporate borrowers.
BUSINESS
PMC Bank crisis: EOW registers FIR against senior officials of PMC Bank, HDIL
The FIR named PMC Bank’s Managing Director (now suspended) Joy Thomas, Chairman Waryam Singh and other executives. It also mentions involvement of Sarang Wadhawan, vice-chairman and managing director of HDIL.
BUSINESS
I-T uncovers Rs 4,000-crore tax evasion through LTCG route: Sources
The agency, which has been pursuing this case for several months now, has started a probe into 12 companies.
BUSINESS
Rakesh Jhunjhunwala takes dig at UPA regime
On employment woes, he said robust economic growth is the only solution.
BUSINESS
Go invest in Pakistan, Rakesh Jhunjhunwala tells foreign investors sceptical on India
"Go and invest in Pakistan. We don't want foreign investors like you," an angry Jhunjhunwala told former London Chamber of Commerce chief Thakrar who argued that India has been unable to sort its unemployment issues.
BUSINESS
IL&FS case: MCA moves NCLT for appointment of new auditors
The ministry had earlier proposed the appointment of Chitale & Co, CNK & Associates LLP, Borkar & Mazumdar & Co, and GM Kapadia &Co as auditors.
INDIA
Disinvestment target: DIPAM, Niti Aayog eyeing PSUs in non-priority sector
Sources said that the government is also looking at selling its minority stakes in companies such as Hindustan Zinc and Vedanta.
BUSINESS
Debt ETFs may not take off in FY20, says FinMin source
"We are working on debt ETFs. If it is not launched in this (financial) year, it will be launched in FY21," said a Finance Ministry official on condition of anonymity.
POLITICS
Maharashtra State Co-operative Bank fraud case: ED has not summoned Sharad Pawar, others yet
Sources said that the probe is focused on the money-trail, the diversion of funds and its end beneficiaries.
BUSINESS
ED registers case against Sharad Pawar, 70 others in Maharashtra cooperative bank fraud case
There are allegations that MSC Bank had fraudulently sanctioned loans to the office bearers of cooperative sugar factories and also the bank's then top execs. The scam is pegged at Rs 25,000 crore.
BUSINESS
SEBI imposes penalties of Rs 22.7 crore on Aurobindo Pharma, promoters on insider trading charges
SEBI asked the Aurobindo and its promoters to pay the penalty within 45 days of the receipt of the order.
