ED raids Raut aide in Mumbai Covid centre scam

The Enforcement Directorate on Wednesday raided 15 locations in Mumbai in connection with a money laundering case related to an alleged COVID centres scam against businessman Sujit Patkar, believed......

Shiv Sena-NCP Leaders Facing ED Heat

IMAGE: Maharashtra Deputy Chief Minister Ajit Pawar with Ministers Dilip Walse Patil, Jayant Patil and others stage a protest at Mahatma Gandhi's statue near Mantralaya, the state government......

Sebi bars five brokerage houses for six months

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......

NSEL settles Rs 330 crore of Rs 5,500 crore dues in 33 weeks

Embattled spot commodity bourse NSEL has settled Rs 330 crore (Rs 3.3 billion), or 6 per cent of the amount due to investors since it suspended operations, missing its own deadline to clear......

Swift action taken to stop NSEL crisis spillover: FM

Finance Minister P Chidambaram on Monday said the government has taken ‘swift action’ to ensure that the Rs 5,600-crore (Rs 56-billion) payment crisis at NSEL does not spill over to......

Lessons from the NSEL fiasco

The government must take steps to end the gaps in regulatory oversight in the NSEL fiasco, notes Jamini Bhagwati The December 2, 2013, edition of this newspaper carried an item under its Chinese......