SC seeks Center’s inputs on Swaraj Abhiyan’s petition alleging helicopter scam

Supreme Court of India today asked the Union of India to appear and assist on two PIL petition‎s seeking CBI and SIT probe in the non transparent purchases of VVIP Helicopters by various State government. The order came in the PIL filed by Swaraj Abhiyan which was argued by Lawyer Prashant Bhushan.  ‎It is argued […]

Enforcement Directorate moves to attach FTIL’s Rs 306.70 cr mutual fund assets

63 moons technologies ltd, formerly known as Financial Technologies said it received a provisional attachment order from the Directorate of Enforcement, Mumbai, attaching mutual funds amounting to Rs 306.70 crores. The company is taking appropriate steps in consultation with the legal counsel of the company in this matter, it said. The move comes a day […]

Muthoot Finance warns against scamsters and frauds

Muthoot Finance, one of India’s leading gold loan companies, has cautioned people against paying money to so-called agents in return for loan approvals. “In a recent instance, an unidentified organisation has fraudulently attempted to lure customers/investors, through the platform of Muthoot Finance, by sending bogus loan approval letters to unsuspecting people,” the company said. To […]

Fund manager explains how India’s onion cartel works

Sandip Sabharwal, a Mumbai-based fund manager and investment expert, has explained how unscrupulous hoarders and traders in India jack up the prices of onions. In a post on his Facebook page, Sabharwal described the exact methodology of how India’s onion cartel, that pushes up onion prices to as much as Rs 100 per KG, operates. […]