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.
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.
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.
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.
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.
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”.
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.
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.
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.
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.
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.
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.