Khushboo Narayan


Maharashtra has most number of ATMs in the country, says RBI data
Sat, May 27, 2017

While Maharashtra tops the list, Tamil Nadu is in the second spot with 24,653 ATMs.

Money laundering: I-T runs scan on three co-operative credit societies from Maharashtra
Mon, May 22, 2017

According to sources, the three societies received cash deposits of Rs 1 crore to Rs 5 crore a day. These deposits were split into smaller amounts and transferred to the beneficiaries.

For ‘bribing’ tax official, Essar-linked trust is under CBI’s scrutiny
Thu, May 18, 2017

“The tax demand on Balaji Trust pertains to assessment year 2013-14 or financial year 2012-13 and is connected to the issue of transfer of brand name to the Trust,” said a CBI source.

CBI raids Karti Chidambaram, alleges he got father’s ministry to clear FDI for INX media
Wed, May 17, 2017

The CBI has alleged that the INX Media’s FDI proposal was “deceitful and fallacious” but was approved by then Finance Minister P Chidambaram.

Charges against Karti Chidambaram explained: Undue favours to INX media, criminal conspiracy
Tue, May 16, 2017

The CBI has alleged that Karti was engaged by INX media "by virtue of his relationship with the then Finance Minister P. Chidambaram".

13 Mumbai firms used banks to transfer Rs 2,252 crore abroad: CBI
Tue, May 16, 2017

According to the Registrar of Companies (RoC), Stelkon Infratel was formed in May 2013.

Essar Group MD, top Income Tax official among six held
Thu, May 04, 2017

The CBI has booked the six under sections 7 and 12 of the Prevention of Corruption Act

Buying Propensity Index: Mumbai topped in fourth quarter Q4
Sat, Apr 29, 2017

The index is calculated by data research TRA, which interviews 3,000 people each quarter.

Maharashtra credit society under I-T scanner for Rs 900-crore ‘laundering’
Mon, Apr 24, 2017

Under norms, the primary function of a multi-state cooperative credit society is to provide financial inclusion to its members.

Over Rs 9K cr at stake, Vijay Mallya wanted by govt agencies, ex-staff and banks
Wed, Apr 19, 2017

Most notable is the suo motu case registered by CBI in the Rs 900 cr IDBI loan ‘fraud’ case

Least average power cuts in Maharashtra in March
Sat, Apr 15, 2017

The state had an average power cut of 1:26 hours in March, the data shows. This was about half the average duration for second-placed Gujarat, which suffered power cuts for 2:56 hours on average.

As ATMs dry up, bankers say normalcy will return soon
Wed, Apr 12, 2017

However, bankers claimed that the position was comfortable across the country and normalcy will be restored in some regions which were facing cash shortage.

Taking up new office spaces: Mumbai ranks second in India
Sat, Apr 08, 2017

While this was on a par with Bengaluru, the National Capital Region (NCR) ranked first, accounting for 19 per cent of all transactions

Maharashtra government makes institutional arbitration mandatory for contracts above Rs 5 crore
Sat, Apr 08, 2017

Under the new policy, those who want to set up arbitration councils will have to formulate arbitration rules that are of international standards. The arbitrator should also be headquartered in Mumbai.

Still to get Rs 110 crore for recalibrating ATMs after Nov 8: Cash logistics firms
Thu, Apr 06, 2017

A majority of banks have questioned the cost incurred by the firms between November 10 and December 30, 2016, said three persons familiar with the development.

E-payments continue to decline in volumes despite rise in value
Thu, Apr 06, 2017

From almost nothing in November, UPI transactions have climbed to 4.9 million in the 26 days of March for a total Rs 1970 crore worth transactions.

ED searches shell firms operator linked to former Maha Dy CM Bhujbal
Sun, Apr 02, 2017

The ED probe on Purohit pertains to the alleged kickbacks received by Bhujbal and his kin

A House for Hamida Begum
Sun, Apr 02, 2017

An actress known for her lavish parties and besotted patrons. A policeman in love, whose life ends in murder. Tales from Kishori Court, a house in Mumbai under the Custodian of Enemy Property, whose walls still bear traces of its colourful past.

Last day of note exchange: Outside RBI, despair and wads of old notes
Sat, Apr 01, 2017

Facility was for Indian citizens who were abroad during November-December 2016, but many others too queue up.

Duty evasion: DRI arrests top official of US power transformer supplier
Sat, Mar 25, 2017

The DRI has however, found that Maisuria had allegedly been written to the shipping department of the US firm

Maharashtra fourth in having largest gross bad loans ratio
Sat, Mar 25, 2017

Jharkhand with 47.62% and Bihar with 21.77% tops the list of states with poor asset quality.

Maharashtra: Directorate of Revenue Intelligence busts Mephedrone racket, 4 held
Thu, Mar 23, 2017

Network spread across Maharashtra and Gujarat, says agency; 238 kg of the contraband seized

Salman Khan on the top as Kapil Sharma, Karan Johar, Alia Bhatt enter top 10 celeb advance-tax payer list
Wed, Mar 22, 2017

Salman Khan has paid an advance tax of Rs 44.5 crore for 2016-17, up 39 per cent from Rs 32 crore one year ago. Karan Johar and Kapil Sharma enter the list of top advance taxpayers.

Avenue supermart shares soar on debut: Radhakishan Damani, India’s low-profile investor
Wed, Mar 22, 2017

Damani, whom many consider as India’s Warren Buffett and mentor to many other heavyweight investors including Rakesh Jhunjhunwala, has been in the billionaire list for a while.

I-T zeroes in on Mumbai trader in first crackdown after demonetisation
Mon, Mar 20, 2017

The department also conducted a raid at Bhatty’s residence on December 14 in connection with the cash deposits.

246 kg seized in 7 months, Myanmar new top route for gold smugglers
Sat, Mar 18, 2017

Smuggling of gold remains a lucrative business due to high profit margins, said officials.

DRI conducts searches after reports of influx of fake notes
Sat, Mar 18, 2017

The Intelligence Bureau was also involved in the operation, said sources. Nothing has been found so far but the operations were ongoing at the time of going to press.

Maharashtra accounts for almost half the assets managed by mutual funds industry
Sat, Mar 18, 2017

According to data from the Association of Mutual Funds in India, Maharashtra accounted for Rs 8.12 lakh crore of assets under management (AUM), about 45.3 per cent of the overall Rs 17. 9 lakh crore AUM at the end of February.

Mumbai: Little interest in private sector to build airport infrastructure
Sat, Mar 11, 2017

According to ICRA, this poor interest in building airport infrastructure comes at a time when existing capacity is bursting at the seams.

Anil Ambani’s Reliance Infrastructure Ltd under probe for ‘non-payment’ of service tax of over Rs 250 crore
Thu, Mar 09, 2017

RInfra has contended before the DGCEI that the three services provided by it in Mumbai are related to supply of electricity, which is covered under the negative list of service tax.

In a first, I-T moves against entities making illegal profits via penny stocks
Mon, Mar 06, 2017

The first such criminal prosecution has been filed against Mukesh Ruia, promoter of the listed Shekhawati Poly-Yarn Ltd on February 28.

Mumbai most important to the wealthiest
Sat, Mar 04, 2017

In India, Mumbai leads the race with 1,340 ultra high networth individuals (UHNWIs), followed by Delhi (680), Kolkata (280) and Hyderabad (260).

Bombay HC judge raps firms for wasting time of judiciary
Wed, Mar 01, 2017

“There is not the slightest urgency, and this is evident from the delay thus far and the application for three weeks’ time for an affidavit in rejoinder,” said Patel.

HC judge order highlights ‘trivial excuses’ used by firms to delay legal process
Tue, Feb 28, 2017

The court refused to entertain any application until the petitioner “deposits in advance an amount of not less than Rs 10 lakh...”

Money laundering case: ED arrests Hong Kong-based firm owner
Tue, Feb 28, 2017

Kritika Dahal who was arrested in Mumbai, according to ED sources did not co-operate with the money laundering probe earlier. “

Non-payment of TDS by mumbai companies: Showcause notices to over 300 firms
Mon, Feb 27, 2017

According to court filings of the tax authority, in most of the cases, the companies have defaulted on payment of TDS to the government despite collecting it from the employees.