The Enforcement Directorate conducted searches at the office of political consultancy firm I-PAC and the home of its director Pratik Jain in Kolkata as part of a money laundering probe into an alleged multi-crore rupee coal pilferage scam.
Domestic institutional investors, on the other hand, made a net investment of Rs 1.13 trillion during this period.
Two Enforcement Directorate officers who participated in the raid against I-PAC in Kolkata this January received an award for their 'exceptional competence'.
Despite his influence, Pratik Jain avoids the spotlight. Credit is routinely passed on to colleagues. He maintains no visible faction within the TMC, no personal coterie.
The Supreme Court questioned the West Bengal government regarding its objection to the maintainability of the Enforcement Directorate's plea concerning alleged obstruction by Chief Minister Mamata Banerjee during a raid, focusing on the fundamental rights of ED officers.
The Supreme Court is scheduled to hear a plea by the Enforcement Directorate (ED) alleging interference and obstruction by the West Bengal government, including Chief Minister Mamata Banerjee, in its probe into an alleged coal-pilferage scam. The ED claims Banerjee removed key evidence during raids on I-PAC offices and the premises of its director, Pratik Jain.
Jan Suraaj Party founder Prashant Kishor alleges Bihar Deputy Chief Minister Samrat Choudhary escaped a murder trial by falsely claiming to be a minor. He demands Choudhary's dismissal and threatens to expose further financial irregularities.
The BJP has criticized West Bengal Chief Minister Mamata Banerjee following Supreme Court observations regarding obstructions during ED raids at I-PAC premises, alleging abuse of power and shielding of those accused of corruption.
West Bengal Chief Minister Mamata Banerjee on Thursday dramatically turned up at the residence of Indian Political Action Committee (I-PAC) chief Pratik Jain amid an ongoing Enforcement Directorate raid, alleging that the central agency was attempting to seize the Trinamool Congress's internal documents, hard disks and sensitive data linked to its election strategy.
The Supreme Court has expressed serious concern over the Enforcement Directorate's allegations of obstruction by the West Bengal government and Chief Minister Mamata Banerjee during raids related to a coal-pilferage scam. The court intends to examine the matter and has also taken note of the commotion at the Calcutta High Court during hearings related to the case.
A round-up of Sunday's action in the Syed Mushtaq Ali Trophy group stage matches.
Conservative investors seeking equity-like tax benefits with low risk may go for them.
Plumes of smoke could be seen billowing from the spot. A purported video of the aftermath of the explosion also surfaced on social media showing thick dense white smoke.
A low-intensity blast occurred near a multiplex in Delhi's Rohini on Thursday, injuring one person and sparking panic. The explosion took place near a park in the same area where a previous blast occurred in October. Delhi Chief Minister Atishi accused the BJP-led central government of failing to maintain law and order in the national capital.
A purported Telegram post circulated on social media, which claimed that the blast was carried out in retaliation to the "targeting" of pro-Khalistan separatists allegedly by Indian agents.
Film folk are celebrating Diwali with a lot of light and love on social media.
The BJP may win more seats in the February 5 assembly election, but not enough to trump AAP, notes Ramesh Menon.
Delhi faces a severe financial crunch and the deficit is largely due to numerous welfare schemes without adequate revenue flowing in. The success of welfare schemes and electoral promises will need careful financial planning and out of the box thinking to whip up additional revenue, notes Ramesh Menon.
Locals said there was a "chemical-like" smell at the site and thick white smoke everywhere as panic gripped the Paschim Vihar area after the blast happened near a CRPF school.
The case caused a national uproar after the Juvenile Justice Board member L N Danwade gave bail to the accused on very lenient terms, including writing a 300-word essay on road safety.
From a longer term prospective, while the markets are not as attractive as they were six months back, it would be correct to say that there is reasonable upside for medium to long term investor, said Prashant Jain, head-equities, HDFC Mutual Fund.
"It is very easy to fling allegations and letters," an anguished Chief Justice of India D Y Chandrachud said on Thursday while clarifying that the bail plea of Aam Aadmi Party leader Satyendar Kumar Jain in a money laundering case was listed before a bench headed by Justice Bela M Trivedi as Justice A S Bopanna was unavailable due to illness.
To lend a Mughal-era ambience to shopping in the city of the Taj, Quality Constructions Ltd, an Agra-based real-estate developer, announced the completion of its Taj shopping plaza project near Taj Mahal on Monday.
Singh remained missing for the fourth consecutive day on Wednesday.
HDFC Equity, the largest equity fund, also managed by Prashant Jain, with a corpus of Rs 10,445 crore, has 9.4 per cent of its assets in SBI.
Agarwal, a real estate developer, was arrested under sections 75 and 77 of the Juvenile Justice Act, while the others were booked for allegedly serving alcohol to an underage person.
Power generating companies (gencos) that use imported coal to produce electricity, may find it difficult to switch on their idle units immediately in the wake of high fuel costs, several players have told Business Standard. Recently, the Union power ministry had invoked Section 11 of the Electricity Act mandating all imported coal-based plants to generate power at full capacity. However, some generating companies that use imported coal, argue that it is simply unviable for them to produce power when the price of coal in the international market is high, while the per-unit price of power has been capped at Rs 12 per unit on the domestic power exchange.
Peace committee meetings were held in Nuh and Sohna on Tuesday following communal violence in the two towns, with people assuring the administration that they will cooperate fully in maintaining peace, officials said.
Roundup for Ranji Trophy matches played on Friday
While the purchases of celebrity investors become public knowledge, what is not known is the price point at which they bought them.
HDFC MF has had a history of stock options and gave additional ESOPs to key staff a few months ago
The 'Pran Pratishtha' of the idol of Ram Lalla -- the childhood form of Lord Ram -- will be attended by people from all walks of life, including representatives of major spiritual and religious sects of the country and of various tribal communities and prominent personalities.
A round-up of Day 2 of the Ranji Trophy matches played on Sunday
Sebi wanted to know how much Mutual Fund head honchos were paid. A look into who got how much...
'Kejriwal could have easily deputed someone to step in as chief minister, but being the authoritative and self-centered personality that he is, he chose not to do it.' 'If the AAP loses Delhi, where it has a huge majority, the only one to blame would be Kejriwal,' asserts Ramesh Menon.
A round-up of the Ranji Trophy quarter-final matches played on Sunday.
Investment experts said the key to generating superior returns was "asset allocation" and taking money out of the table from themes that have performed well and into themes that are available at a discount.
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