The Enforcement Directorate (ED) has earmarked assets worth about Rs 15,000 crore that will be restored to victims of real estate, Ponzi and other frauds across India during the current financial year. The agency has been "aggressively" initiating this provision for restitution since last year to ensure rightful claimants duped by financial crime get their dues. The ED has already restored Rs 31,951 crore worth of assets under this provision, including Rs 15,201.65 crore from 2019-21 in cases related to Vijay Mallya, Nirav Modi and the National Spot Exchange Limited (NSEL). The ED Director has issued directions to all regions to actively work on cases marked for restitution of assets worth Rs 15,000 crore during the financial year 2025-26.
Red Square and VDNKh easily rank among the most striking places I've visited -- both for their historical significance and architectural splendour.
My admiration for Russian culture, vision and ambition grew with every step as I clocked the miles, Nitin Sathe tells us after a visit to Moscow and St Petersburg.
'No respite from economic pain is worth the loss of dignity and self-respect,' asserts former foreign secretary Shyam Saran.
The National Spot Exchange Ltd (NSEL), an arm of Multi Commodity Exchange (MCX), is planning to launch gold and silver (bullion) contracts in spot market in Kolkata by end of this month.
Originally hailing from Andhra Pradesh, the 67-year-old was involved in indoctrination and radicalization of youth and also responsible for numerous Maoist attacks in Chhattisgarh, resulting in the death of civilians and security personnel, they said.
A fresh political row has erupted in West Bengal after a person allegedly involved in Bangladesh's August 2024 student protests was found listed as a voter in Kakdwip, triggering sharp Bharatiya Janata Party-Trinamool Congress exchanges over alleged illegal infiltration and manipulation of the voter list in the state.
A soldier of the special forces of the army was killed in an encounter between security forces and terrorists following a search operation in Jammu and Kashmir's Udhampur district on Thursday, officials said. The firing took place in the Dudu-Basantgarh area during a cordon and search operation that was launched based on information about the presence of terrorists. The deceased soldier has been identified as Havaldar Jhantu Ali Sheikh of 6 Para of the Special Forces. The operation was still underway when the last reports came in from the spot, they added. Four suspects were also picked up for the area for questioning. This is the third encounter between terrorists and security forces in Jammu in the past over 24 hours.
Israel debutant Yarden Shua scored an 86th-minute winner as they upset more fancied Belgium 1-0 in Budapest on Sunday.
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MCX-SX was set up by FTIL and MCX, but they have been now classified as 'public shareholders' as against 'promoters' earlier, pursuant to a Sebi-ordered restructuring of its board and governance structure.
Gold prices inched closer to the psychological mark of Rs 1 lakh per 10 grams as the bullion rates surged Rs 1,650 in the national capital on Monday on weak dollar and uncertainties over US-China trade war driving demand. According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity reached Rs 99,800 per 10 grams on Monday. Its value had declined Rs 20 to close at Rs 98,150 on Friday.
As sludge started solidifying inside the Srisailam Left Bank Canal tunnel in Telangana, rescuers are planning to use sniffer dogs to locate those got trapped, District Collector B Santhosh said on Wednesday.
Gold future prices sustained upward trend for the fourth straight session by surging Rs 2,048 to hit a fresh record high of Rs 100,000 per 10 grams as investors rushed to safe havens after US President Donald Trump indicated plans to overhaul Federal Reserve amid continuing global trade war jitters. On the Multi Commodity Exchange (MCX), the August delivery contract of the yellow metal bounced by Rs 2,048 or 2.1 per cent to hit a fresh peak of Rs 100,000 per 10 grams in the mid-session trade.
Amendments to the Agriculture Produce Market Committees Act have opened floodgates for private companies and online commodity exchange in Gujarat.
The exchange also plans to start Futures trading in electricity, carbon credit, coal, freight index, weather index, real estate index and rain index after the amendment to the Futures Contracts Regulation Act is passed by the Parliament.
The visitor returns not just with the jewel-like beauty of the country imprinted on the mind, the body rejuvenated by hot stone massages, but also with the captivating stories and myths that are built into every important structure -- whether a tourist magnet or an off-the-beaten track spot.
It will be the first to go, in what has become an overcrowded segment since India first allowed futures trading in commodities in 2003.
Is Anjani Sinha of National Spot Exchange being made the fall guy?
The interplay between domestic and foreign capital will shape India's equity markets.
'That is why I'm extremely concerned when India says that every terrorist incident in future from Pakistan will be treated as an act of war.'
Combat units of the Chhattisgarh police's District Reserve Guard (DRG), Special Task Force (STF) and Bastar Fighters were mobilised from different directions in the area on February 7, the official said.
Gold prices advanced Rs 700 to reach a new lifetime high of Rs 91,950 per 10 grams in the national capital on Wednesday on the back of continued buying by jewellers ahead of wedding season, according to the All India Sarafa Association. Besides, increased tensions in the Middle East and concerns about the US economic slowdown have kept the demand for safe-haven assets intact.
The trigger for international gold prices rising to $3,000 per ounce was Germany's upcoming heavy government borrowing.
From what the crisis is all about to who all are affected, here are 10 FAQs.
Capital markets regulator Sebi Chairman U K Sinha advocated the listing of bourses and greater competition among exchanges.
Gold prices hit a fresh record high of Rs 84,900 per 10 grams in the national capital on Friday, driven by robust domestic demand and strong global cues, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity continued its ascent for the third straight session, jumping by Rs 1,100 to hit a new peak of Rs 84,900 per 10 grams.
Late Jammu and Kashmir Police deputy superintendent Humayun Bhat, who died in a 2023 encounter with terrorists, was posthumously awarded the President's Police Medal for Gallantry for his courageous actions during a 2021 gunfight. Bhat was earlier honored with the Kirti Chakra, the nation's second-highest peacetime gallantry award, for his role in neutralizing a top local commander of the banned Lashkar-e-Taiba (LeT) and a Pakistani terrorist.
Capital markets regulator Sebi on Tuesday barred five brokerage houses for up to six months from making fresh applications seeking registration as commodity brokers as they failed to meet 'fit and proper' criteria in the NSEL case. The affected brokerage houses include India Infoline Commodities, Anand Rathi Commodities and Geofin Comtrade (banned for 6 months each), and Phillip Commodities and Motilal Oswal Commodities Broker (for 3 months each). "There were enough red flags for a reasonable person to come to conclude that what was being offered as paired contracts on NSEL were not spot contract in commodities," Sebi said in five separate orders.
In one of the deadliest blows to Naxalites in Chhattisgarh, security forces on Sunday gunned down 31 rebels, including 11 women, in a fierce encounter in the state's Bijapur district, police said.
MCX and MCX-SX are facing the worst crisis in their existence following the Rs 5,574 cr fiasco at the National Spot Exchange.
According to officials, after launching sugar successful on its electronic platform, NCDEX Spot has decided to go in for more commodities.
The exchange has formed a new company -- NCDEX Spot Exchange--and senior officials said bullion will be one of the important products in spot market trading.
Olympic bronze-medallists India wasted chances galore to lose 0-2 to world champions Germany in the first hockey Test of the two-match series in New Delhi on Wednesday.
Preliminary investigations conducted by capital markets regulator Securities and Exchange Board of India and inputs from other regulators and government departments suggest that some brokers were offering structured financial products to their HNI clients under some portfolio investments schemes for high returns of 10-20 per cent.
In September 2013, FMC was brought under the Finance Ministry.
Making a weak opening, shares of FTIL further tanked 45 per cent to Rs 105.5 -- its fresh 52-week low on the BSE.
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The National Spot Exchange Ltd, promoted by Jignesh Shah-led Financial Technologies, is facing a Rs 5,600-crore (Rs 56-billion) settlement crisis.
The Corporate Affairs Ministry's latest move comes in the backdrop of instances of private entities using the word 'National' in their names, including the case of National Spot Exchange Ltd, which is embroiled in a major payment crisis.
In his order, SEBI member dealt with the "fit and proper" criteria of the exchange promoted by Financial Technologies (FT) and Multi Commodity Exchange (MCX) and their founder Jignesh Shah.
The order says he was the 'highest beneficiary' of NSEL fraud and has proven unfit to handle affairs of any exchange.
The bourse had proposed to settle all dues amounting to Rs 5,574.31 crore (Rs 55.74 billion) in 30 weeks, according to a settlement schedule issued by NSEL on August 16.
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