BUSINESS
Jet Airways' founder Naresh Goyal remains scot-free despite ED, I-T investigations
The Enforcement Directorate and the I-T department have many cases against the bankrupt airline and its promoters.
TRENDS
Thinking out of the box: Thane cops turn air cooler into ‘disinfection centre’
As the country is facing an unprecedented shortage of disinfectants and hand sanitisers, the innovative system introduced by the cops gets the work done quickly and cheaply.
BUSINESS
Aptech, Khera face Enforcement Directorate probe over GDR misuse, loan fraud
The agency is probing the misuse of the GDR issue by the company under the Foreign Exchange Management Act.
BUSINESS
Broking firms registered at Gujarat GIFT City to get stamp duty refund
The state government's move is expected to attract more broking companies to the special zone.
BUSINESS
Coronavirus impact: Broking firms mull permanent shift to work from home for most staff to cut cost
The work-from-home concept adopted during the 21-day lockdown period may alter the format of the broking sector forever.
INDIA
The heroes of Bhilwara and the story of their war against COVID-19
On March 18, Bhilwara reported its first case of Coronavirus and within days there were reports that this city could become India’s next COVID-19 hotspot. That is when the local administration took action.
BUSINESS
Yes Bank case | Kapil and Dheeraj Wadhawan detained in Mahabaleshwar for violating Section 144
They were summoned by ED in third week of March but skipped summons citing the COVID-19 situation.
BUSINESS
Coronavirus Impact: COVID-19 kills Illegal ‘Dabba’ trading as lockdown forces players to down shutters
The high-risk operations have been stopped as strict restrictions on movement have forced the ‘Dabba trader’ to stop work, at least for the time being.
BUSINESS
Coronavirus pandemic | No locking down cyber crime, Maharashtra sees a 25% spike in two weeks
In Maharashtra, cyber-crime cases have gone up by 20 to 25 percent in two weeks of lockdown, officials say.
BUSINESS
Coronavirus fallout: Fruit farmers stare at a loss of Rs 7,000 crore amid nationwide lockdown
Whenever there is uncertainty about income people first think only about stocking up on essentials needed for survival and fruits don’t come under that category.
BUSINESS
Coronavirus impact | Direct tax mop-up falls 15% short of revised target
Tax officials, who have been under the cosh due to stiff collection targets, admitted that the coronavirus outbreak was primarily responsible for torpedoing collections to almost decade-old lows.
BUSINESS
Coronavirus pandemic: Commodity brokers’ body makes a U-turn, seeks trading till 11.30 pm
The Commodity Participants Association of India has written a letter to Sebi for restoring the previous timings.
BUSINESS
Coronavirus impact | Income tax collection may fall by 10%
As on March 28, the department has collected Rs 9.84 lakh crores which is 84.26 percent of the total collection.
BUSINESS
Yes Bank fraud: Rana Kapoor’s bail plea hearing adjourned until April 3
Kapoor last week applied for bail on the grounds that if he remained behind bars, he might contract COVID-19.
WORLD
CBI and IRS latest to answer PM's COVID-19 rescue call, will donate one-day salary to PM CARES Fund
A senior CBI official told Moneycontrol, "In our organisation, everyone from junior officials to director level employees are donating their one day salary. Currently, we have more than six thousand employees all over the country."
BUSINESS
Coronavirus impact: IndiaNivesh shuts PMS business citing market volatility
The firm has said that clients had two options under which we could transfer assets to your designated bank account or demat account.
BUSINESS
Bond market close to my heart, more needs to be done for its development: SEBI Chairman Ajay Tyagi
Tyagi also made a pitch for setting up credit enhancement fund to facilitate infrastructure funding and operationalising a mechanism for credit default swaps.
BUSINESS
MCA orders inspection of Zee Entertainment's books
The Ministry of Corporate Affairs has ordered an inspection of the financials of Zee Entertainment Enterprises Limited (ZEEL) following allegations of corporate governance lapses and after some its independent directors quit recently, a source told Moneycontrol.
BUSINESS
NSE NOW services were inoperative for 2 market hours
The NSE has faced many issues in its technology services in the last couple of days. SEBI had planned to take up the matter in a SEBI-appointed Technical advisory committee.
BUSINESS
Client securities | SEBI differs with stock exchanges, says communique ‘misleading’
The stock exchanges are a bit vague on the question: Can securities held in ‘client unpaid securities account’ be pledged with Clearing Corporations or transferred to Clearing Member for taking up fresh exposure?
BUSINESS
Iqbal Mirchi case: ED carries out searches on premises of Mumbai-based realty firm
Sudhakar Shetty, who is owner of Sahana group of companies, runs private charter services, a real estate business and has a majority stake in the "Jai Maharashtra" news channel.
BUSINESS
ED suspects Rs 12,773 crore siphoned from DHFL, part of which was paid to Iqbal Mirchi
A Special Court of the Prevention of Money laundering Act (PMLA) also extended the custody of DHFL's promoter Kapil Wadhawan for two more days.
BUSINESS
Iqbal Mirchi case: ED arrests Kapil Wadhawan; probe reveals loans worth Rs 2,186 crore given through 5 shell cos
The ED probe revealed that Kapil Wadhawan was the CMD of DHFL, and misused his position to siphon off large amount of monies from the company and diverted it to buy proceeds of crime.
BUSINESS
I-T conducts searches at United Phosphorous premises
The searches began early this morning and more than two dozen I-T officials are part of the search operations
