The agency said it searched a Mumbai-based operator who was running 700 shell companies with 20 dummy directors and had "converted Rs 46.7 crore for Chaggan Bhujbal", the jailed ex-Maharashtra deputy chief minister.
Landmark judgments follow new CJI's assumption of office.
Need for much more investment; sector would like govt help
Prime Minister Narendra Modi has five key aspects to his style of leading -- total command over bureaucracy, direct approval on every decision, flexible approach to issues, importance of communication and adept at repackaging schemes, says A K Bhattacharya.
Joydeep Ghosh takes stock of personal finances after the life-altering surprises of 2016.
Or, what will the Indian policy process allow it to be, says Ajit Balakrishnan.
"I invite each one of you to become a partner in India's growth story. And once again assure you of our wholehearted support."
If your child is 20 when s/he decides to pursue higher eduction and her/his current age is 3 years, then here's a plan for you...
The Rs 89 crore question before Tamil Nadu now is what shape a central intervention would take, and if there would be any role whatsoever for acting governor, Ch Vidyasagar Rao, in it, says N Sathiya Moorthy.
In an interview with Sanjay Jog, REC chairman and managing director P V Ramesh talks of the growth strategy and the company's plan to ride the transformation wave in the power sector.
An exercise to rationalise coal linkages which will optimize transport of coal and reduce cost of power is underway.
'Modi is likely to make more announcements to win or retain popularity, and put himself at the centre of things even more than now,' says T N Ninan.
Despite the BJP's displeasure over Sasikala's elevation as AIADMK general secretary, the Dravidian party has sent a message to the Modi government that it will not be cowed down, says N Sathiya Moorthy.
We dance on every small achievement and forget the long-term objectives: Ajit Gulabchand, MD, Hindustan Construction Company.
Read the investor-developer agreement carefully before signing the cheque
Rajan said expecting the government to provide all solutions wasn't right.
Here's your weekly digest of the most weird, true and funny news from the across the globe.
Markets finished lower for the sixth consecutive day as hopes of the Goods and Services tax (GST) bill being passed in the current session of the Parliament faded considerably.
'That is not a democratic ideal obviously, but it is a practical reality.' 'It is a consistent feature of politicians in Pakistan that their rhetoric on the army softens the closer they get to the seat of power.'
Riding on e-commerce wave is the youngest state, which faces competition from neighbours.
The measures to reduce the current account deficit should have focused far more on narrowing the trade imbalance, principally through export facilitation and linked FDI, says Nitin Desai.
The sluggish legal system in India makes it extremely difficult for law-enforcing agencies in the ministry of finance to punish violations of foreign exchange laws. Unfortunately, it is not just FEMA. The Prevention of Money Laundering Act too has significant infirmities, say Paranjoy Guha Thakurta and Pranati Mehra.
I-T dept investigating black money angle; FM hints against bailout for bourse's investors.
The court while granting bail to the duo also held that it does not find any possibility of the accused persons fleeing from justice and that their custodial interrogation was not required.
It is high time to manoeuvre the rupee more effectively and predictably, even as it has to be recognised that such tweaking of the rupee needs to be accompanied by reforms to the real sector and factor markets.
The persistence with Aadhaar, to the exclusion of all other identity systems, is a dangerous path and should be avoided if the risks of digital vulnerability are to be eliminated. Till such time that the ownership of the Aadhaar system is transferred to an independent body, concerns over Aadhaar's digital vulnerability will persist, says A K Bhattacharya.
Launches of new homes reduced drastically this year.
While Sahara maintains it has already repaid more than 93 per cent of the outstanding dues directly to the concerned bondholders and the remaining amount was just about Rs 2,500 crore (Rs 25 billion), it deposited Rs 5,120 crore (Rs 51.2 billion) to Sebi in December 2012 towards the investor refunds as per Supreme Court orders.
Among other things, taking note of complaints against several Chinese e-commerce players such as Shein, Ali Express etc for sending shipments as 'gifts' to customers in India and avoiding duties, the government has now mandated that all e-commerce sites and apps must have a registered business entity. This will be the importer on record and subject to customs rules, report Subhayan Chakraborty, Neha Alawadhi and Karan Choudhury.
Earning returns from an asset lying idle can be a good option in times of volatility.
What we want from spectrum allocation is access to broadband networks at prices that will result in productivity gains.
One of the biggest ways in which recent government actions have been seen as investor-unfriendly is New Delhi's decision to unilaterally revisit almost every Bilateral Investment Treaty it has signed with other countries, says Mihir S Sharma.
Entirely new businesses have been built using data to disrupt traditional companies.
Aditya Puri thinks the government is on track.
'India should today tell China to provide proper facilities in Minsar for Indian yatris visiting Mt Kailash,' says Claude Arpi.
Nike Inc and some other big international companies face a grilling over their powerful role in Brazilian soccer.
USL is already contesting a Karnataka High Court order.
'Modi followed a prime minister whose second term was marked by such tragic passivity that Indians, it would seem, are willing to go to great pains to help this one realise his ambitions for them.'
Growing and harvesting trees for productive and economic uses are once again dead in the water, says Sunita Narain.
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