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    September 4, 2026
    ED arrests ex-panchayat CEO who allotted govt funds for fake marriages during COVID lockdown
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September 4, 2026
ED arrests ex-panchayat CEO who allotted govt funds for fake marriages during COVID lockdown
Show AI Summary
Money laundering allegations over fraudulent marriage-assistance disbursements prompted investigation into false credentials and ineligible beneficiary payments.
Alleged money laundering arose from fraudulent disbursement of marriage-assistance funds intended for daughters of registered construction workers. The allegations include approvals and releases for suspicious marriage cases, use of bank accounts opened or misused on false credentials, multiple cash withdrawals, and extension of benefits to ineligible persons. Investigation under the Prevention of Money Laundering Act followed an economic-offences FIR concerning suspected misuse of the welfare scheme.
September 4, 2026
Goyal blames market conditions for Jet Airways' downfall; ED says he 'bled airline to death'
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Money-laundering allegations: discharge plea attributes airline's financial collapse to macroeconomic conditions and denies loan siphoning through sales agents.
Money-laundering proceedings arising from alleged bank fraud concern claims that loans advanced to an airline were siphoned off. The discharge application attributes the airline's financial collapse to adverse macroeconomic conditions rather than fraudulent conduct or laundering, denies diversion through General Sales Agents, and maintains that related payments were board-approved and disclosed. It also contests the treatment of the bank's outstanding claim as funds received by the founder, while the investigating agency alleges systemic fraud, loan diversion and laundering.
September 4, 2026
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Show AI Summary
Foreign exchange market conditions supported rupee appreciation, while oil prices and geopolitical tensions limited potential gains.
Foreign exchange market conditions supported the rupee's appreciation by 8 paise to 94.43 against the US dollar, aided by positive domestic equity markets, improved risk appetite, foreign capital inflows and foreign institutional buying. Reserve Bank of India intervention was also cited as support. Elevated crude oil prices, safe-haven dollar demand and United States-Iran tensions were identified as factors limiting further gains. India's foreign exchange reserves increased to a new all-time high during the relevant reporting week.
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Show AI Summary
Offer-for-sale IPO clearance enables existing exchange shareholders to monetise holdings, while sale proceeds remain outside the exchange.
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Show AI Summary
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Show AI Summary
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National Fertilizers Limited (NFL) OFS over-subscribed by 1.41 times;

July 28, 2017

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Retail portion got oversubscribed approximately 1.66 times while Non Retail portion oversubscribed by 1.35 times; Government likely to get ₹ 535 crore approximately and its shareholding in NFL after this OFS to come down to 74.71%.

The Retail Portion of the National Fertilizers Ltd (NFL) OFS has been oversubscribed by the retail investors. Against the 20% portion amounting to ₹ 107.14 crore reserved for retail investors, the total bids of ₹ 178.67 crore has been received, thus the Retail Portion got oversubscribed approximately by 1.66 times.

The Non Retail portion of the OFS opened on 26th July, 2017. Total subscription of ₹ 578.8 crore has been received against shares for value of ₹ 428.57 crore at floor price and thus oversubscribed by 1.35 times.

Overall, NFL OFS for 15% divestment for equity shares of 73586760 amounting to ₹ 535.71 crore at the floor price ₹ 72.80 per share, received a total demand for equity shares amounting to ₹ 757.45 crore. Therefore, the OFS of NFL was over-subscribed by 1.41 times.

This is the 3rd CPSE OFS in the current financial year, and the Government is likely to get ₹ 535 crore approximately. The Government shareholding in NFL after this OFS will come down to 74.71%.

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