Panaji, Feb 28 (IANS) The Directorate of Enforcement (ED) has provisionally attached movable and immovable properties worth Rs 78 lakh in connection with an alleged bank fraud involving misappropriation of public funds from the Anjuna branch of the Bank of Baroda, officials said on Saturday.The action was carried out by the ED’s Panaji Zonal Office under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.The money laundering probe was initiated on the basis of an FIR registe…
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New Delhi, Feb 26 (IANS) The Central Bureau of Investigation (CBI) conducted searches at the residences of industrialist Anil Ambani and offices of Reliance Communications (RCom) after registering a second case against the company on the complaint given by the Bank of Baroda dated February 24 for offences of conspiracy, cheating under the IPC, and criminal misconduct and abuse of official position under the Prevention of Corruption Act.The case has been filed against Anil Ambani, promoter and er…
Navi Mumbai, Feb 25 (IANS) Left-handed batting duo Mahipal Lomror and Anuj Rawat powered Income Tax to a six-wicket win over Bank of Baroda in the 20th DY Patil T20 Cup game held at the DY Patil Stadium in Nerul on Wednesday.Chasing 164/5 posted by Bank of Baroda, batting all-rounder Lomror and wicketkeeper-batter Rawat shared a 119-run stand for the second wicket to set up the victory for Income Tax side in the tournament seen as more of a preparatory tournament for the upcoming IPL season.Lomr…
Navi Mumbai, Feb 24 (IANS) Mumbai wicketkeeper batter Hardik Tamore’s brilliant knock of 85 went in vain as Route Mobile went down by eight runs in the contest against DTDC in the 20th DY Patil T20 Cup at the University Ground in Nerul, Navi Mumbai on Tuesday. But the talking point of the day was Shreyas Iyer’s golden duck in BPCL’s afternoon encounter against Bank of Baroda.After being asked to bat, DTDC posted 182 for nine in their 20 overs. In their response, Route Mobile fell short by …
Indore, Feb 20 (IANS) The Directorate of Enforcement (ED), Indore Sub-Zonal Office, has provisionally attached an immovable property — a parcel of land valued at ₹5.13 crore — in the name of Neeta Shahra, wife of Umesh Shahra, under the Prevention of Money Laundering Act (PMLA), 2002.The attachment order was issued on February 17, 2026, the investigation agency said in a press statement.The action forms part of an ongoing investigation into M/s Ruchi Global Ltd. (now renamed M/s Agrotrade …
Ahmedabad, Feb 13 (IANS) The Enforcement Directorate (ED) has filed a charge sheet against Hellious Tubealloys Private Limited (HTPL) and its directors in connection with an alleged bank fraud of Rs 28.54 crore involving the Bank of Baroda, the central agency said on Friday. The complaint was filed by the Ahmedabad Zonal Office under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, following an investigation initiated on the basis of an FIR registered by the Central Bureau …
New Delhi, Feb 13 (IANS) The Consumer Price Index (CPI) is expected to remain below the 4 per cent target level even in newly-introduced CPI series, and will better capture India’s evolving consumption curve and align data for policy decisions with international practices, a report said on Friday.The report from the Bank of Baroda said, “The trajectory of core inflation needs to be closely watched as prices of precious metals pose upside risk. But with fine balancing of weights in the new CPI …
Lucknow, Feb 12 (IANS) The Enforcement Directorate (ED) searched two premises in Uttar Pradesh and seized records of 17 immovable properties valued Rs 20 crore and linked to a former primary teacher in a Madrasa, who acquired UK citizenship in 2013, an official said on Thursday. The ED’s Lucknow Zonal Office, conducted search operations on Wednesday under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in connection with a fraud case against Maulana Shamsul Huda Khan and o…
New Delhi, Feb 6 (IANS) The RBI’s prudent monetary framework will reinforce market confidence, boost manufacturing and trade activities, and enhance India’s global competitiveness, leading industry chamber Assocham said on Friday.The RBI’s decision to maintain a stable policy stance and adopt calibrated measures will strengthen economic growth, consumer demand, producers’ sentiment, and exporters’ competitiveness. “The Monetary Policy Committee’s move to keep the repo rate unchange…
Mumbai, Feb 6 (IANS) The Reserve Bank of India’s (RBI) decision to keep the policy rate unchanged reflected a favourable assessment of growth and inflation dynamics, economists said on Friday.The RBI MPC, in its first monetary policy review of 2026, kept the repo rate unchanged at 5.25 per cent.Analysts welcomed the pause on rate hikes and said they expect the RBI to maintain an extended pause, due to positive cyclical upswing and confidence from successful conclusion of multiple trade deals.Rad…