Hindustan Times
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Shanimol Usman becomes Keralaโs 4th woman deputy speaker, first in over 3 decades
The election took place during the first assembly session after the Congress-led UDF returned to power and formed the government
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The election took place during the first assembly session after the Congress-led UDF returned to power and formed the government
New Delhi: The Enforcement Directorate (ED) has arrested four promoters of a real estate group in connection with a money laundering probe into an alleged Rs 2,004-crore homebuyer fraud that affected more than 19,000 buyers and investors.The accused, Avdhesh Kumar Goel, Rajnish Mittal, Atul Gupta and Vikas Gupta, are promoters/directors of Earth Infrastructures Ltd. They were arrested on June 1 under the Prevention of Money Laundering Act (PMLA), an official statement said on Tuesday.The accused were produced before a special PMLA court in Delhi, which granted the agency five days' custody for interrogation, it said.Read More: Signature Global commits Rs 1,200-1,500 crore for land acquisitions in FY27According to the federal agency, the group collected around Rs 2,004 crore from more than 19,425 homebuyers and investors by promising timely delivery of residential and commercial units and assured returns.The agency alleged that its probe found approximately Rs 467 crore had been diverted or siphoned off through various group entities and related concerns and individuals."Despite receipt of substantial funds from the buyers/investors, the projects were either left incomplete or possession of units was not handed over, thereby causing wrongful loss to the homebuyers and investors," the ED said.The probe further revealed that a part of the alleged proceeds of crime was used for acquisition of movable and immovable assets in the names of various entities and individuals connected with the promoters and directors of the group, it said.The investigation was initiated based on five FIRs registered by the Economic Offences Wing (EOW) of Delhi Police against Earth Infrastructures Ltd, its directors and related entities under various provisions of the Indian Penal Code.The Serious Fraud Investigation Office (SFIO) has also filed a criminal complaint under Section 447 of the Companies Act against the promoters and directors of the group.Read More: Amazon adds 10.6 acres to Mumbai data centre campus in Rs 125 crore dealEarlier in April, the ED had conducted searches at premises linked to the Earth Group across Delhi-NCR.During the raids, the agency seized cash worth about Rs 6.30 crore, jewellery valued at around Rs 8.78 crore and property documents relating to more than 100 immovable properties estimated to be worth over Rs 100 crore.
Shiv Sena (UBT) leader Raut said that the BJP was never the "elder brother" in the original saffron alliance in Maharashtra
TMC leader returns 'cut money' to PM Awas Yojana beneficiaries in Bengal
Rabri Devi, who was on a vacation when the order was issued, returned to Patna and made it clear that she had no intention of leaving the residence.
It is alleged that over one lakh investors of the Loni Urban Multi-State Credit and Thrift Co-operative Society (LUCC) were cheated to the tune of โน800 crore with the promise of lucrative returns
A 16-year-old cybersecurity researcher claimed to have identified vulnerabilities in NTAโs re-examination portal. After allegations surfaced, portal link was returning a 404 error.
Shares of NHPC fell nearly 5% to Rs 73.42 apiece on Tuesday after the government launched an offer for sale (OFS) to divest up to a 6% stake in the PSU. The OFS, which opened for non-retail investors on Tuesday, was priced at Rs 71 apiece, a discount of nearly 8% to the stock's previous closing price, weighing on investor sentiment.NHPC announced on Monday that the government aims to sell 3% of the companyโs total paid-up equity capital as part of the base offer. The government also retains an oversubscription option to sell an additional 30 crore shares, taking the total potential offer size to 60.27 crore shares or 6% equity. At the floor price of Rs 71 per share, this would be worth more than Rs 4,279 crore.The offer for sale opened for non-retail investors on June 2, while retail investors, eligible employees and non-retail investors carrying forward unallotted bids can participate on June 3.Also read: Vedanta shares fall after media reports of ED searches at Mumbai, Delhi officeThe government owned more than 67% stake in the PSU company as of March 31, 2026. NHPC, in its exchange filing, further said that the share sale by its promoter will be conducted through a separate window mechanism on BSE and the National Stock Exchange in accordance with the Securities and Exchange Board of Indiaโs OFS guidelines.NHPCโs OFS comes days after the government divested some of its stake in state-run miner Coal India through an offer for sale at a floor price of Rs 412 per share. The government owned more than 63% stake in the PSU company as on March 31, 2026.NHPC share priceNHPC shares have fallen more than 6% in one week and 12% in one month. The stock is down around 8% in 2026 so far and 16% in one year. In the longer term, the stock delivered 70% returns over three years and 185% over five years.Also read: Morgan Stanley says Indian stock market poised for strong year ahead. Hereโs why The company currently has a market capitalisation of more than Rs 73,760 crore. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
The woman, accompanied by her friend, was returning to their room after a part-time job around 4 a.m. when they were allegedly subjected to eve-teasing by the group, which also included two women
Shares of Anant Raj surged as much as 4.6% to Rs 563.25 in Tuesday's trade after the company announced a landmark partnership with the Government of Haryana to accelerate the state's digital infrastructure buildout.The real estate and infrastructure developer has signed a Memorandum of Understanding (MoU) with the Haryana Enterprises Promotion Centre (HEPC), marking a significant step in its ambitions to expand its data centre and cloud services business.The agreement was formalized on June 1, 2026, during the launch of the "Make in Haryana Policy & Other Sectoral Policies" event, presided over by Haryana Chief Minister Nayab Singh Saini.Rs 25,000 crore investment planUnder the MoU, Anant Raj intends to invest around Rs 25,000 crore in building data centres and cloud infrastructure across Haryana. The move highlights the company's increasing emphasis on digital infrastructure as demand continues to grow for artificial intelligence (AI), cloud computing, and data storage solutions.The partnership framework involves several key government departments and agencies, including:Haryana Enterprises Promotion Centre (HEPC)Department of Information Technology, Electronics & CommunicationHaryana State Electronics Development CorporationCitizen Resources Information DepartmentDepartment of Industries & CommerceThe agreement is designed to support Anant Raj's expansion of its Digital Infrastructure Business, encompassing both data centre operations and cloud services. The Haryana government, through HEPC, has committed to providing facilitation support and ease-of-doing-business assistance to help fast-track the project.The company said the arrangement aims to foster long-term cooperation between the state government and Anant Raj, positioning Haryana as a major hub for next-generation digital infrastructure investments.Anant Raj clarified that the MoU does not involve any shareholding arrangement, special rights, equity issuance, or related-party transaction. The agreement is focused solely on enabling investment and operational expansion in the state.Share price performance and technical indicatorsOver the past three years, the stock has delivered strong returns, rallying nearly 254%. The company currently commands a market capitalization of approximately Rs 19,406 crore.From a technical perspective, the 14-day Relative Strength Index (RSI) stands at 61. An RSI reading below 30 typically indicates oversold conditions, while a reading above 70 suggests the stock may be overbought.The stock also exhibits strong bullish momentum, trading above all eight of its key Simple Moving Averages (SMAs), signaling a positive technical trend.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Annamalai is set to meet Home Minister Amit Shah in Delhi on Tuesday amid speculation that he may quit Tamil Nadu BJP and form his own party.
Interns paid Rs 15,000 as security deposit to join. It was never returned. One X user's advice: "If a company asks for any security deposit, stay away."
Many salaried taxpayers are already gearing up to submit their returns, hoping to finish the process early, receive refunds sooner or avoid the usual rush closer to the deadline. But before rushing to file, there is one crucial question taxpayers should consider.
Mumbai: Two years of challenging equity market returns appear to be prompting a section of retail investors to reassess exposure to the stock market, with industry data showing rising monthly systematic investment plan (SIP) discontinuations and a slowdown in new investor additions.SIP halts continued to outpace new registrations in April, with stoppage ratio at 101%, unchanged from March, according to data from the Association of Mutual Funds in India (AMFI). This indicates that more SIP accounts were closed than opened during the month.Importantly though, flows through SIPs, the mainstay of domestic investments, have remained resilient.131452535Not a Short-term Game This support has been critical for equities amid overseas investors stampeding out of the Indian markets. Any change in that trend would have led to greater market turmoil.Still, the discontinuation trend has worsened over time, with the 12-month SIP stoppage ratio rising to 94.5% in March 2026, compared with 75.6% in March 2025 and 52% in March 2024.Fresh investor additions slowed in April as well, with 295,000 new investors entering mutual funds, taking the total investor base to 61.7 million. This marks the slowest monthly addition since June 2023.In comparison, the industry added 700,000 and 500,000 new investors in February and March, respectively. The pace has moderated in the past two years, with 7.2 million additions in the 12 months ended March, compared with 9.7 million in the preceding year.The growing SIP stoppages and the drop in fresh investor additions underscore dissatisfaction over lower-than-expected returns from equity schemes."Two years ago, many investors came in after watching incredibly high returns from the small cap space," said Swarup Mohanty, vice chairman and CEO, Mirae Asset Investment Managers. "With high returns not coming their way now, they are disappointed."An SIP in the broad-based Nifty 50 would have lost 2.56% over the last two years, while an investment in the broad Nifty 500 would have fetched 0.83%."Many investors came with high return expectations in short time spans," said Viraj Gandhi, chief executive, Samco Mutual Fund. "As returns over the last two years are low, new investors are slow to come by, while some investors who expected high returns could move to other avenues, which is a natural phenomenon."
Abhijeet Dipke, founder of Cockroach Janta Party, plans a June 6 protest in Delhi demanding the resignation of Education Minister Pradhan over exam irregularities.
The legal dispute between Blake Lively and Justin Baldoni returned to a New York courtroom, with Baldoni's legal team opposing Lively's request for attorneys' fees following a settlement that ended her sexual harassment and retaliation claims.
The local Trinamool leaders had reportedly gathered villagers at a school field.
Mr. Dipke said he would return to India on June 6 and seek permission for a protest at Jantar Mantar, the CJPโs first major planned public mobilisation
Tamil Naduโs new Chief Minister C Joseph Vijay returned to the field today to thank voters for bringing his party, the TVK, to power in its first ever election
Mr. Dipke said he would return to India on June 6 and seek permission for a protest at Jantar Mantar, the CJPโs first major planned public mobilisation