City Kolkata Financial News

BENGALURU , MUMBAI : The already overheated smallcap market may be in for more turmoil with apparent links to the Mahadev betting scam surfacing. The Enforcement Directorate recently seized the assets of several entities that it believes were used as vehicles to launder illicit money made from the illegal Mahadev Online betting app. Turns out that 13 smallcap companies valued at between ₹63 crore and ₹3,300 crore have more than 1% shares owned by at least four of these entities, according to a review of share ownership by Mint.

ITC, SBI, Kfin Tech, Vedanta, Muthoot Capital among others will be in focus due to various news developments. Kfin Tech Kotak Mahindra Bank has sold 2% stake in KFin Technologies through the open market for Rs 208 crore.

cricket tournament. Pant has represented Delhi Capitals (DC) since 2016 and scored 2,838 runs in 98 matches at an average of 34.61 and a strike rate of over 147, with a century and 15 fifties to his name. The schedule until April 7 has been announced as of now, with the remainder to be declared later.

Narendra Modi inaugurated metro operations at Kavi Subhash, Majerhat, and Esplanade stations on March 6. This marks a major milestone for the city's public transportation system, offering residents a faster, more convenient, and eco-friendly way to travel. The most anticipated addition is the Howrah Maidan-Esplanade stretch of the Green Line.

The Reserve Bank of India (RBI) has announced that seven Non-Banking Financial Companies (NBFC) have surrendered their Certificate of Registration (CoR).

Supreme Court's severe strictures on the Electoral Bonds Scandal." Jairam Ramesh, in a post of X, said the Modi government has taken over four years to notify the rules, after nine extensions. “It has taken four years and three months for the Modi Government to notify the rules for the Citizenship Amendment Act that was passed by the Parliament in December 2019." Refuting the Prime Minister's claims that his government works in a business-like and time-bound manner, Ramesh said that the time taken to notify the rules for the CAA is yet another demonstration of PM Modi's blatant lies. West Bengal Chief Minister Mamata Banerjee on the other hand has called it BJP's publicity for elections, while also stating that she will fight against the saffron party if the notification deprives people of their rights.

Congress leader Adhir Ranjan Chowdhury on Monday claimed that the Trinamool Congress was in a sorry state of affairs owing to internal squabbles and that was being reflected in its choice of candidates for the 42 Lok Sabha seats in West Bengal. The TMC announced the names of its candidates for all the 42 seats in the state, leaving no constituency for its INDIA bloc alliance partners, at its mega rally in Kolkata on Sunday. «TMC is in a sorry state of affairs owing to internal squabbles,» the West Bengal Pradesh Congress Committee president told reporters at a press conference here. Claiming that Trinamool Congress supremo Mamata Banerjee is «directionless», the leader of the Congress in Lok Sabha said the TMC was having to show off its might through a public meeting which seemed to be more like a corporate show than a political event.

Kolkata: The CBI visited Bongaon in North 24 Parganas district on Monday in connection with its investigation into the attack on an Enforcement Directorate (ED) team that went to arrest TMC leader Shankar Adhya on January 5, officials said. The ED team was attacked by a mob when they went to search properties linked to him in connection with the alleged ration scam. Adhya, the former chairman of the Bongaon Municipality, was arrested following the searches that lasted for around 17 hours, they said. The mob allegedly tried to prevent the ED team from taking Adhya with them, hurling stones at their vehicles. The CRPF personnel accompanying the team had to baton charge to control the situation, they added. The CBI team that went to Adhya's house was accompanied by forensic sciences personnel, officials said.

Election Commission held a briefing here in the national capital on Monday for all its observers for the General Election to Lok Sabha and General Election to Legislative Assemblies 2024. Chief Election Commissioner Rajiv Kumar will address the meeting, according to sources. The aim of the meeting for over 2000 observers is to streamline strategy to ensure that the model code is implemented during the elections. The observers will monitor polls to ensure the process is «free and fair.»

Gold And Silver Prices Today: Gold prices experienced a slight increase on Monday. The price of 24 carat gold is Rs.6631.9 per gram, up by Rs.65.0. The price of 22 carat gold is Rs.6074.8 per gram, up by Rs.59.0.

Arun Goel's resignation as election commissioner, although a surprise, was preceded by simmering differences with chief election commissioner Rajiv Kumar. The issues appeared to have escalated over the last few weeks following Anup Pandey's retirement on February 15. ET has learnt that most disagreements were not about major policy issues. However, differences continued and involved issues such as the composition and size of EC teams heading to states for poll preparation reviews and the formats of press briefings in states, among others. Insiders said that despite such disagreements, there was no recorded case of 'dissent' between the duo at Nirvachan Sadan. The differences were rather «expressed verbally».

Kolkata Knight Riders have brought in Englishman Phil Salt as a replacement for compatriot Jason Roy who pulled out of the IPL due to personal reasons. This will be Salt's second season in the IPL, having played for Delhi Capitals last season. The 27-year-old Salt, who went unsold at the auction, has been bought at his reserve price of Rs 1.5 crore. «Kolkata Knight Riders have named Phil Salt as a replacement for Jason Roy after the latter pulled out of the upcoming TATA IPL 2024 owing to personal reasons,» an IPL media release said.

Yusuf Pathan, the former Indian cricketer who played 57 ODIs and 22 T20Is for India between September 2007 and March 2012, has ventured into politics. He has been named as the Trinamool Congress (TMC) candidate from West Bengal's Berhampore seat for the upcoming Lok Sabha polls. Pathan, 42, is expected to face Congress' Adhir Ranjan Chowdhury, a vocal critic of TMC supremo Mamata Banerjee, who has held the seat since 1999. Cricket to Politics: Pathan's Political Journey Hailing from Gujarat's Vadodara, Pathan is renowned for his cricketing career, particularly with the Kolkata Knight Riders (KKR) in the Indian Premier League (IPL). He joins a list of Indian cricketers who have transitioned into politics, including Gautam Gambhir, Kirti Azad, Navjot Singh Sidhu, Manoj Tiwary, Mohammed Azharuddin, and Chetan Chauhan, among others.

Trinamool Congress has dropped MP Nussrat Jahan from contesting the Basirhat Lok Sabha seat amid the Sandeshkhali row. The party has fielded Nurul Islam in place of Nusrat Jahan. Mamata Banerjee-led TMC today announced a total of 42 candidates from West Bengal for the upcoming Lok Sabha elections.

TMC declared candidates from all Lok Sabha seats in West Bengal, the Congress on Sunday said its doors are open for an alliance till the withdrawal of nominations and maintained that any agreement has to be finalised through negotiations and not by unilateral announcements. Trinamool Congress (TMC) supremo and West Bengal Chief Minister Mamata Banerjee at a public rally in Kolkata announced the names of 42 candidates for the Lok Saba election in the state. «Our doors are always open and an alliance can happen anytime before withdrawal,» Congress president Mallikarjun Kharge said over the development. Congress general secretary Jairam Ramesh also said that the Indian National Congress has repeatedly declared its desire to have a respectable seat-sharing agreement with the TMC in West Bengal.

West Bengal's Basirhat on Sunday extended the CBI custody of Shajahan Sheikh, key accused in a mob attack on ED officials at Sandeshkhali, by another four days on a prayer by the central agency. The Central Bureau of Investigation got custody of Sheikh on March 6 along with transfer of investigation on an order of the Calcutta High Court. Enforcement Directorate (ED) officials were attacked when they went to raid the now-suspended Trinamool Congress leader's premises at Sandeshkhali. The judge of the Basirhat court in North 24 Parganas district granted extension of Sheikh's custody to CBI by four days on a prayer by the central agency.

Shahjahan Sheikh, appeared before the Basirhat court on Sunday. The court is set to deliver a verdict on his custody, marking the end of his 10-day police remand. Earlier in the day, Sheikh Shahjahan was brought out of the Central Bureau of Investigation (CBI) office at Nizam Palace in Kolkata on Sunday.

Brigade Ground. West Bengal Chief Minister Mamata Banerjee and TMC supremo Mamata Banerjee is likely to announce the names. The rally is being led by party's national general secretary Abhishek Banerjee.

Melinda Pavek, Consul General at US Consulate General in Kolkata visited IIM Shillong to discuss prospective academic collaborations. Drawing upon her diverse background in both diplomatic and corporate spheres, Consul General Pavek shared her journey of her current position, highlighting key roles such as Counselor for Science, Innovation, and Development at the U.S. Embassy in Tokyo and Deputy Chief of Mission in Bandar Seri Begawan, Brunei. Her extensive experience, ranging from public service as a Foreign Service Officer to corporate roles at Johnson & Johnson, provided valuable insights into the intricacies of international relations. Prof D P Goyal, Director, IIM Shillong mentioned about various initiatives of IIM Shillong and highlighted the International Collaborations with the B Schools of US resulting in mutual exchange programme, joint research initiatives, and faculty collaborations between IIM Shillong and B Schools of US.

Enforcement Directorate (ED) on Friday said it has attached immovable assets worth Rs 367 crore in Delhi, Mumbai, Kolkata and some cities in Odisha as part of a money-laundering probe linked to an alleged bank-loan fraud against Bhushan Steel Limited (BSL). A provisional order has been issued under the Prevention of Money Laundering Act (PMLA) to attach the assets that were held «in the name of benamidars/shell entities through dummy directors so as to conceal them and to ensure that they are out of the reach of law enforcement agencies», the ED has said in a statement. After completing the corporate insolvency resolution process (CIRP), BSL was taken over by Tata Steel Limited in 2018.

crypto market during the fiscal year 2023-24 (FY23-24). According to Mudrex's platform data, Delhi topped among female crypto investors in FY23-24. This was followed by IT hubs Bengaluru and Mumbai. Analysis of Mudrex's data reveals insights into the geographical distribution of female investors in India. Among Indian cities, Delhi leads with 23% of female investors, followed closely by Bengaluru with 21%. Mumbai, Kolkata, and Hyderabad also contribute to the growing presence of female investors in the crypto space, demonstrating diverse participation across major metropolitan areas.