Capital markets regulator Sebi on Wednesday said it will auction 27 properties of Rose Valley group of companies on November 25 at a reserve price of Rs 63.26 crore in a bid to recover money raised by the firm from the public through illicit schemes. The properties to go under the hammer include flats, buildings, land parcels and hotels located in West Bengal and Bihar, the Securities and Exchange Board of India (Sebi) said in a notice. The e-auction will be conducted on November 25 between 11 am to 1 pm.
ED probe finds funds were ploughed into group's jewellery, entertainment and hospitality businesses
Rose Valley is one of the biggest money businesses after Sahara.
While Rose Valley claimed that it was mobilising funds for real estate business, Sebi came to the conclusion that the company was in fact running a Collective Investment Scheme and did not seek market regulator's permission, mandatory for these products.
In a fresh ponzi clampdown, Sebi on Wednesday barred Kolkata-based Rose Valley group from raising public money in the name of 'holiday membership' scheme, through which it is estimated to have garnered over Rs 1,000 crore (Rs 10 billion) without necessary regulatory approvals.
The case is related to a probe by Securities and Exchange Board of India over allegations that Rose Valley had raised money by issuing debentures without complying with the norms.
The probe agency is likely to take him to Bhubaneswar for further questioning.
Overall, the official data shows that over 7.85 crore tourists visited Jammu and Kashmir from 2023 to 2025, while over 4.76 crore tourists visited the Union Territory during 2016-18.
ED had arrested group chairman Gautam Kundu on March 25.
He will have to surrender before the court by the end of 14 days.
Kundu was arrested by the ED on March 25, 2015.
Former Bigg Boss contestant Tehseen Poonawalla has hit back at trolls who have been criticising Salman Khan after the teaser of Battle of Galwan was released on his birthday.
A severe cold wave has gripped North India, with temperatures plummeting to near-freezing levels in several areas. The cold wave has disrupted daily life, with dense fog affecting visibility and forcing people to stay indoors.
Mbappe fires Real Madrid to the summit, Bayern lose at home and Dortmund stay in the title hunt.
'The (Maoist) organisation is in visible decline. Their senior leaders are ageing. Forest life is unforgiving -- older leaders simply cannot cope physically.' 'Earlier, they attracted educated youth from cities. That stream has dried up. Today's recruits largely come from poor village backgrounds and lack ideological depth.'
Bengaluru is at a critical juncture, where its economic model, reliant on attracting and retaining skilled professionals, is directly threatened by a measurable decline in urban quality of life, point out Shishir Gupta and Rishita Sachdeva.
Notably, Siachen is the highest battlefield of the world, which sits on the nuclear tri-junction of India, Pakistan and China.
After record rains wreaked havoc in Jammu and Kashmir over the past two days, the death toll in related incidents rose to 41, most of them victims of the landslide on a Vaishno Devi pilgrimage route, while there was some let-up in the showers on Wednesday, allowing relief efforts to pick up pace.
Mrs Gandhi's power ebbed and peaked with the times. Mr Modi's has almost been constant, barring the few months of hard dip after the 240 seats of 2024, points out Shekhar Gupta.
As he took the bow at the end of the Lakme Fashion Week x FDCI show, many in the crowd cheered for him with an inkling that the magic and the beauty they just witnessed on the ramp was perhaps for the last time. But no one in the fashion fraternity thought that Bal would pass away so soon.
Seventy years after Pather Panchali released on August 26, 1955, we finally get it. Shuttling between the village of Boral and a studio in Calcutta, caught between worrying about the next purse of funds and wondering which item to mortgage next, Satyajit Ray was explaining Indians to themselves, discovers Sreehari Nair.
The highlight of Tuesday's debate on Operation Sindoor was the speech by Prime Minister Narendra Modi, with the rebuttal by Congress's Wayanad MP Priyanka Gandhi coming a close second.
The launch of the first-ever direct train service from Delhi to Kashmir would be a big turning point in the Valley's mood and its integration with India. He had to thwart it at any cost, asserts Shekhar Gupta.
The labourers, who are said to be of Nepali origin, were engaged in the construction of a hotel.
Air India Boeing 787-8 crash in Ahmedabad has brought back all traumatic memories.
A cold wave has intensified in most parts of north India, with temperatures in the Kashmir Valley dipping below freezing point. The national capital saw a brief respite from the bitter cold during the day, but cold conditions persisted in parts of Rajasthan and Himachal Pradesh. The weather department has issued a yellow warning for cold wave, ground frost and dense fog for some places in Himachal Pradesh. There is a possibility of rain and snowfall in parts of northwest India later in the week.
There's clearly no limit to how dramatic a wedding can be.
Aamina Zehra, a young martial artist from Srinagar, has brought pride to her hometown and country by winning a silver medal at the Pencak Silat World Championship held in Abu Dhabi.
Three bodies suspected to be of six persons missing from Jiribam district were found near the confluence of Jiri river and Barak river along Manipur-Assam border, officials said on Saturday.
Inflencer and vlogger Shenaz Treasury chooses her favourite quiet spots.
Designer Rohit Bal, a pioneer who helped put Indian fashion on the global map and dressed celebrities at home, Hollywood and elsewhere, died on Friday night at a south Delhi hospital following a heart attack. He was 63.
Bandopadhaya claimed he was innocent and had no involvement in the scam.
Another TMC MP Tapas Pal has been sent to judicial custody after six days in CBI custody.
Will Lieutenant Governor Manoj Sinha, who gets his orders from New Delhi, call the shots or allow a democratically elected government to independently govern, questions Ramesh Menon.
The recent controversy unfolded after West Bengal Chief Minister and TMC leader Mamata Banerjee had in November advocated the need to give due respect to senior members and rejected the notion that elderly leaders should retire from active politics.
The Bharatiya Janata Party on Tuesday clinched a stunning hat-trick win in Haryana overcoming anti-incumbency and dashing Congress' hopes of a comeback while the National Conference-Congress combine pulled off a spectacular victory in maiden elections in Jammu and Kashmir after abrogation of Article 370 in 2019.
'I have tutored my family and myself to fight hunger,' the former agent for the disgraced Saradha chit fund says, his eyes welling up. 96 of the 107 cases referred to the Serious Fraud Investigation Office are based in Bengal!
Amidst strained ties with China, the pre-budget Economic Survey on Monday made a strong case for seeking foreign direct investments (FDI) from Beijing to boost local manufacturing and tap the export market. As the US and Europe are shifting their immediate sourcing away from China, it is more effective to have Chinese companies invest in India and then export the products to these markets rather than importing from the neighbouring country, the Survey said.
The quizmaster-turned-parliamentarian was interrogated for about two hours on some financial transactions in bank accounts related to the TMC mouthpiece 'Jago Bangla'.
Fresh snowfall brought respite from intense cold to the residents of Kashmir Valley as night temperatures rose considerably, even as it led to the closure of the Srinagar-Jammu National Highway on Saturday.
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