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Friday, June 25, 2021

Khushboo Narayan


10 bar owners in Mumbai paid Rs 4 crore to Anil Deshmukh for three months: ED
Fri, Jun 25, 2021

The ED is conducting searches at four locations, including the residence of former Maharashtra home minister Anil Deshmukh, in Nagpur, in connection with the new findings in the money laundering case registered against the NCP leader.

DRT sells Vijay Mallya-owned United Breweries shares for Rs 5,824.50 crore
Thu, Jun 24, 2021

The anti-money laundering agency said the sale of shares was conducted on behalf of a consortium led by State Bank of India (SBI). The ED said it expects a second round of sale of shares of Mallya worth Rs 800 crore on June 25.

ONGC draws flak over lack of safety conditions in tender to hire oil vessel
Wed, Jun 23, 2021

The tender document reviewed by The Indian Express states that all certification showing that the vessel is seaworthy should be valid on the date of an inspection, which will be carried out by a third party on behalf of ONGC after a ship is selected through the bidding process.

Centrum takeover of PMC Bank: What’s in store for existing depositors
Mon, Jun 21, 2021

While the RBI has paved the way for a joint venture of Centrum and BharatPe to take over the troubled PMC Bank, the central bank has not come out with the details of the proposed acquisition of PMC Bank.

ED arrests former MLA Vivekanand Shankar Patil in Panvel bank fraud case
Wed, Jun 16, 2021

A member of the Peasants and Workers Party of India, Patil is the former chairman of the Panvel-based bank.

Direct tax collections in Q1 FY 21-22 jumps 66% from that of FY 19-20
Tue, Jun 15, 2021

Income tax data accessed by The Indian Express shows the total direct tax collection for FY 21-22 as on June 14 stood at Rs 1.68 lakh crore up by 66 per cent from Rs 1.01 lakh crore in FY19-20, the year before the Covid-19 pandemic.

CBI opposes Choksi’s bail plea in Dominican HC
Sun, Jun 13, 2021

Mehul Choksi has been accused of defrauding Punjab National Bank (PNB) of Rs 13,600 crore. An affidavit filed by Sharda Raut, deputy inspector general of police, CBI said, Choksi is an “international fugitive who continues to evade law enforcement in India”.

No change in rates, growth pared, sops for more: RBI
Sat, Jun 05, 2021

Unveiling the bi-monthly monetary policy, the RBI unveiled a Rs 15,000-crore liquidity window for contact-intensive sectors like hotels and tourism, and announced securities purchases of Rs 40,000 crore in June and Rs 1.2 lakh crore in the September quarter.

Explained: Why is the NCP opposing RBI supervision of cooperative banks?
Fri, Jun 04, 2021

The changes to The Banking Regulation Act approved by Parliament in September 2020, brought cooperative banks under the direct supervision of the RBI. Why is the NCP opposing the new laws?

Deportation case: Court adjourns, Mehul Choksi lawyer says next hearing only on July 1
Fri, Jun 04, 2021

Mehul Choksi has now been sent to the hospital under police protection for the treatment of injuries sustained by him.

Firms line up to bid but vaccine makers say have no agents
Fri, May 28, 2021

This comes as several states float global tenders and, at the same time, underline that the Centre should procure the vaccines rather than make them compete in the global market.

Maharashtra, Mumbai global call: Firms line up to bid but vaccine makers say have no agents
Fri, May 28, 2021

This comes as several states float global tenders and, at the same time, underline that the Centre should procure the vaccines rather than make them compete in the global market.

Mehul Choksi held ‘fleeing’, lawyer contests not citizen, can’t be sent to India
Fri, May 28, 2021

Wayne Marsh, Choksi's attorney in Dominica, said the businessman told him he had been abducted by "an Indian and Antiguan" police officer on May 23 while on his way to a restaurant for dinner.

PNB-accused Mehul Choksi goes missing in Antigua, family claims no clue
Wed, May 26, 2021

Mehul Choksi's aide also claimed that Choksi has citizenship of another Caribbean nation. India does not have an extradition treaty with Cuba.

Looking for Sarnaik, ED visits Lonavala resort
Wed, May 19, 2021

The Enforcement Directorate has initiated an inquiry into the whereabouts of Shiv Sena MLA Pratap Sarnaik, who has not responded to three summons issued by the agency in connection with an alleged Rs 175-crore money laundering case, sources told The Indian Express.

Explained: Why does Sebi want to reclassify promoters?
Tue, May 18, 2021

The Sebi has proposed doing away with the classification of ‘promoter’ concept and moving to ‘person in control’ system and scrapping the ‘promoter group’.

Amid Covid effect, bank steps, wilful defaults rise Rs 38,976 crore
Tue, May 11, 2021

With this, total wilful defaults amounted to Rs 2,44,602 crore from 12,917 accounts as of December 2020, as against Rs 2,05,606 crore from 12,255 accounts in December 2019, according to data available from credit information bureau TransUnion CIBIL.

Under CBI lens, 6 firms owned by Maharashtra former minister Anil Deshmukh’s sons
Wed, May 05, 2021

The CBI is investigating Deshmukh for corruption and alleged “attempt to obtain undue advantage for improper and dishonest performance of the public duty”.

Explained: New SEBI rule for fund manager compensation
Fri, Apr 30, 2021

Key personnel here refers to the likes of chief executive officer, chief investment officer, research head and their direct reportees.

Anil Deshmukh attempted to obtain undue advantage for dishonest performance of his public duty: CBI
Sat, Apr 24, 2021

The CBI has charged Deshmukh under Section 7 of the amended Prevention of Corruption Act (PCA), 2018, along with Section 120 B of the Indian Penal Code (IPC).

CBI files FIR against Anil Deshmukh in corruption case, conducts searches across Maharashtra
Sat, Apr 24, 2021

Anil Deshmukh has been charged under Section 7 of the amended Prevention of Corruption Act, and Section 120 B (criminal conspiracy) of the Indian Penal Code (IPC). 

Covid surge adding to uncertainty, RBI keeps key rate unchanged
Thu, Apr 08, 2021

The central bank, however, announced a bond-buying calendar which will ensure that borrowers reap the benefits of a low interest rate regime.

Compliance burden reduced for listed cos, but disclosures go up
Fri, Mar 26, 2021

The BRSR will be applicable to the top 1000 listed entities (by market capitalization), for reporting on a voluntary basis for FY 2021 – 22 and on a mandatory basis from FY 2022 – 23, the regulator said.

Startup listing rules, exit route relaxed
Fri, Mar 26, 2021

Currently, the capital market regulator’s rules stipulated that at least 25 per cent of pre-issue capital of a start-up wanting to list should have been held by an eligible investor for at least two years. In its board meeting on Thursday, the SEBI board has cut this to a year.

Sebi relaxes valuation norms for AT1 bonds: reasons why, and likely impact
Wed, Mar 24, 2021

While there may not be panic redemptions now, the main issues remain: AT1 bonds will continue to be treated as 100-year bonds and there will be unwinding of positions by mutual funds in a specific timeframe.