ed raid: Two Sharp with ET: ED raids Anil Ambani firms & India to be world's third largest economy by 2028 - The Economic Times Video
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Economic Times
21 minutes ago
- Economic Times
Gemini Daily Horoscope Today, 28th July 2025: Lead the Room, but Watch the Details
ET Online Gemini Daily Horoscope: Career 28th July 2025: You are articulate and socially magnetic today. This can work in your favour during meetings or presentations. Mercury retrograde currently warns against making quick promises. Stay flexible, but verify important information before acting. Gemini Daily Horoscope: Finance 28th July 2025: Opportunities may arise through social contacts or tech-related ventures. Mars in the Virgo sign asks you to reassess budgeting for household or family needs. It is a great day for sorting out lingering financial details or bills. Gemini Daily Horoscope: Love and Relationship 28th July 2025: You are radiant and communicative, and attract attention easily. Your emotional clarity may be clouded. You need to ensure that your words match your true feelings. Gemini Daily Horoscope: Health 28th July 2025: Mental overstimulation may leave you scattered. Ground yourself with quiet time. You should stay hydrated to avoid fatigue. Written by: Anand Sagar Pathak of Live Events Also Read: Monthly Horoscope Gemini, August 2025 Weekly Horoscope Gemini, 28th July to 3rd Aug, 2025 You are articulate and socially magnetic today. This can work in your favour during meetings or presentations. Mercury retrograde currently warns against making quick promises. Stay flexible, but verify important information before may arise through social contacts or tech-related ventures. Mars in the Virgo sign asks you to reassess budgeting for household or family needs. It is a great day for sorting out lingering financial details or are radiant and communicative, and attract attention easily. Your emotional clarity may be clouded. You need to ensure that your words match your true overstimulation may leave you scattered. Ground yourself with quiet time. You should stay hydrated to avoid by: Anand Sagar Pathak of . For feedback, write to hello@ Read: Disclaimer Statement: This content is authored by a 3rd party. The views expressed here are that of the respective authors/ entities and do not represent the views of Economic Times (ET). ET does not guarantee, vouch for or endorse any of its contents nor is responsible for them in any manner whatsoever. Please take all steps necessary to ascertain that any information and content provided is correct, updated, and verified. ET hereby disclaims any and all warranties, express or implied, relating to the report and any content therein.
Time of India
an hour ago
- Time of India
ED probes Anil's RHFL for writing off Rs 7k cr loans to group firms
NEW DELHI: As the ED sifts through voluminous documents and digital records seized from Anil Ambani 's Reliance group entities during searches, which began on July 24 and concluded on Sunday, the agency, in particular, is looking at alleged diversion of Rs 12,000 crore loans by Reliance Home Finance Ltd (RHFL) to various related entities. ED is being assisted in its task by National Financial Reporting Authority, CBI, Security and Exchange Board of India (Sebi) and National Housing Bank, since it involves misappropriation of huge public funds. At least a dozen related entities of the group are currently undergoing insolvency proceedings, which means massive haircuts for banks. Sources said 22 individuals, who are key management personnel and associates of Ambani, have come under the radar of the agency and are being investigated, besides the 60 companies that were covered during the searches lasting over 72 hours. A Sebi investigation report (shared with ED) has highlighted alleged laundering of funds by RHFL, which had written off around Rs 7,000 crore out of the Rs 12,000 crore of loans it had extended to various entities linked to the Anil Ambani group. Ambani is already under investigation for his group entity RHFL availing funds of Rs 2,965 crore from Yes Bank by allegedly paying bribes to its former CEO Rana Kapoor through his wife Bindu Kapoor and her companies. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Do You Speak English? You May Be Able To Work a USA Job From Home in Bangladesh US Jobs | Search ads Undo Rs 1,353 crore of the Rs 2,965 crore received from Yes Bank has turned into NPA. A forensic audit, commissioned by the bank, has also concluded diversion of this amount to related companies. Reliance Power and Reliance Infrastructure, in identical statements, said, "The company and all its officials have fully cooperated and will continue to cooperate with the authority". On the alleged diversion of Rs 12,000 crore by RHFL to related entities, a company official said, "The account of RHFL has been fully resolved with change in management pursuant to the judgment of SC in 2023. ..Allegations of other irregularities are sub-judice and as a matter of fact, the Sebi order has been challenged before SAT (Securities Appellate Tribunal) since 2024". "Sebi vide its order dated Aug 22, 2024, has found that RHFL has engaged in a fraudulent scheme to divert funds for the benefit of Ambani and his group companies," a source aware of the probe said. ED is probing related party transactions, in which it was found that Reliance Infrastructure had received funds from Crest Logistics and Engineers Pvt Ltd, which in turn had received funds from at least four entities - RPL Star Power Pvt Ltd, RPL Solar Power Pvt Ltd, Species Trade and Commerce Pvt Ltd and Worldcom Solutions Ltd - all of them allegedly linked to the Anil Ambani group. According to the Sebi investigation report, the forensic audit of RHFL found that "loans of more than Rs 12,000 crore have been extended to various entities which are linked to the Anil Ambani group. These companies had a common registered address, email ID/domain, address and directors". The Sebi report further revealed that as on Sept 30, 2021, Rs 6,931 crore had been declared as NPA/written off by RHFL out of loans extended to linked/associated entities of the group.
Time of India
4 hours ago
- Time of India
Delhi HC to hear predicate offence matter
The Delhi High Court will hear a plea on Monday filed by Dr Subramanian Swamy relating to the predicate offence in the Congress-linked National Herald case . The hearing assumes significance because the trial in the predicate offence, which forms the basis of a money laundering probe by the ED in the said case, has been hanging fire for the past four years. Explore courses from Top Institutes in Please select course: Select a Course Category others Digital Marketing Artificial Intelligence Management Finance Cybersecurity Product Management Data Science Project Management Healthcare healthcare Data Science Others Design Thinking MCA Leadership Data Analytics Degree PGDM MBA Technology Operations Management Public Policy CXO Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT - ISB Cybersecurity for Leaders Program India Starts on undefined Get Details People in the know told ET that Swamy is likely to withdraw his appeal. When contacted, Swamy's lawyer Satya Sabharwal told ET, "We are exploring options as to how to expand the list of documents we want to summon before the court under section 244 CrPC." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo The stay was ordered by the Delhi HC on February 22, 2021, after Swamy, the appellant and complainant in the original case, had filed an appeal in the HC against an order passed by the trial court on February 11, 2021. Vide the said order, the trial court had turned down an application moved by Swamy seeking to summon certain witnesses to prove documents in the case. The HC had on February 22, 2021, stayed "the proceedings before the trial court against the petitioner (Swamy)". This put the brakes on the trial in the predicate offence in the lower court. As first reported by ET in April this year, since March 16, 2021, till March 1 this year, the case in trial court was adjourned 18 times. Live Events On Monday, Swamy's plea is coming up for a resumed hearing. Significantly, the hearing comes a day before a special PMLA court is to pronounce its verdict on whether to take cognisance of a prosecution complaint filed by the ED against Sonia Gandhi , Rahul Gandhi and five others for their alleged involvement in the National Herald newspaper case. The trial in the main case (predicate offence) will resume if Swamy withdraws his petition from the high court on Monday.
