Pankaj Bansal News

Mint. According to a Bain Capital report released this March titled ‘India Venture Capital Report 2024’, even as fund-raising slowed to $4 billion in 2023, domestic VCs stepped up, driving more than 90% of the fund-raising and, significantly, launching several thematic funds focused on emerging themes. While sector-specific funds have existed for some time, it is only now that they are coming centre stage, as investors become more discerning and look to make targeted bets in sunrise industries to maximize returns on capital deployed.

Kalpesh Mehta, Founder of Tribeca Developers and the licensed Indian partner for Trump Towers projects is in the US for Donald Trump's inauguration as the next President. In an Instagram post, Mehta recently shared photos with Donald Trump, Trump Jr, and Eric Trump.

PAG Asia, one of the largest global alternative investment managers, will invest ₹400 crore in bonds of a M3M India group entity to refinance existing debt and acquire land, said people with knowledge of the matter. PAG's Asia Pragati Strategic Investment Fund will invest in Lavish Buildmart, a 100% subsidiary of M3M India — the real estate developer whose promoters were questioned by the Enforcement Directorate last year for unauthorised transactions with the IREO group.

Enforcement Directorate is not expected to be «vindictive» in its conduct and must act with utmost probity and fairness, the Supreme Court has held, and directed the anti-money laundering agency to henceforth furnish the grounds of arrest to the accused in writing «without exception». In a significant verdict having far-reaching ramifications, the apex court said being a premier investigating agency charged with the onerous responsibility of curbing the debilitating economic offence of money laundering in the country, every action of the ED in the course of such exercise is expected to be «transparent, above board and conforming to pristine standards of fair play in action». «The ED mantled with far-reaching powers under the stringent Act of 2002, is not expected to be vindictive in its conduct and must be seen to be acting with utmost probity and with the highest degree of dispassion and fairness,» a bench of Justices AS Bopanna and Sanjay Kumar said.

M3M, in case pertaining to money laundering. A bench of justices A S Bopanna and Sanjay Kumar, which had reserved the verdict on September 11 after hearing submissions of lawyers, granted the relief to the directors of the realty firm.

Supreme Court's intervention in curbing the «drastic powers» of the Enforcement Directorate (ED) in money laundering probes, as he appeared for arrested M3M group directors Basant Bansal and Pankaj Bansal. «See how the arrest was done. They were cooperating.

Supreme Court on Tuesday was told that the Enforcement Directorate (ED) has been given «drastic powers» in investigating money laundering cases and these powers need to be reined in. A bench of Justices AS Bopanna and MM Sundresh was hearing a batch of pleas relating to Gurugram-based realty group M3M under the Prevention of Money Laundering Act (PMLA). Senior advocate Harish Salve appearing on behalf of directors of realty group M3M said, «These are drastic powers given to the ED.

Even when the real estate industry is going through tough times, Gurugram-based M3M, India’s leading real estate developer, claims to have registered phenomenal success through its new project – M3M Soulitude. Within the first week of launch of the project, the company has registered a robust sales of over Rs 1000 crore.