Citizens' Issues
CBI arrests Railway Board official for accepting Rs5 lakh bribe

The alleged bribe of Rs5 lakh was paid to the Railway Board official through Hawala channel to facilitate running of special trains and additional coaches for tourist purposes

 

The Central Bureau of Investigation (CBI) on Wednesday arrested Ravi Mohan Sharma, an official from the Railway Board for allegedly receiving a bribe of Rs5 lakh from a Mumbai-based tour operator for adding coaches in trains for tourist purposes.

 

Sharma, an Indian Railway Traffic service officer of 1997 batch was arrested at his residence in New Delhi while allegedly receiving a bribe of Rs5 lakh from a tour operator.

 

The sources said the bribe was allegedly paid by the Mumbai-based operator through hawala channel.

 

They said the alleged bribe was paid to facilitate the running of special trains and additional coaches for tourist purposes.

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HDFC Q2 net profit up 8.8% to Rs2,064 crore

HDFC said during the September quarter, its loan book rose by 14.6% to Rs2.12 lakh crore, as compared to Rs1.85 lakh crore same period last year

 

Housing mortgage lender Housing Development Finance Corporation Ltd (HDFC) on Wednesday said its second quarter net profit rose on higher revenues.

 

For the quarter to end-September, HDFC said its net profit rose to Rs2,064.4 crore from Rs1,891.2 crore, while its total revenues, including interest income, increased to Rs11,644.1 crore from Rs9,982.7 crore, same period last year.

 

On a standalone basis, the home loan provider said its net profit increased 7.2% to Rs1,357.6 crore from Rs1,266.3 crore and total revenues rose to Rs6,670.7 crore from Rs5,954 crore, a year ago period.

 

HDFC said during the September quarter its, loan book rose by 14.6% to Rs2.12 lakh crore, as compared to Rs1.85 lakh crore reported in the corresponding quarter of last fiscal.

 

HDFC closed Wednesday marginally up at Rs1,030 on the BSE, while the 30-share Sensex ended the day 211 points up at 26,787.

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SEBI to recover Rs4 crore by selling shares held by nine entities

SEBI had issued attachment orders against Saral Website, Monalisha Securities, Usha India, Usha Ispat, Ankur Cultivators, Nisha Aggarwal, Pradeep Aggarwal, Harish Sisodia and Gordon Herbert

 

Market regulator Securities and Exchange Board of India (SEBI) has decided to sell shares held by nine entities in various companies to recover penalties worth nearly Rs4 crore imposed on them for violations of securities market norms.

 

In separate orders, SEBI said, the share sale would take place on the National Stock Exchange (NSE) and BSE from 20th November.

 

SEBI said that the transactions in the shares would take place "till entire dues under the certificate are recovered in full or till the attached shares of the scrips are exhausted, whichever is earlier".

 

The market regulator had issued attachment orders against nine entities -- Saral Website, Monalisha Securities, Usha India, Usha Ispat, Ankur Cultivators, Nisha Aggarwal, Pradeep Aggarwal, Harish Sisodia and Gordon Herbert.

 

However, SEBI said that these entities had failed to pay the dues.

 

SEBI has to recover as much as Rs2.27 crore from Gordon Herbert and an amount of Rs1 crore from Ankur Cultivators.

 

Besides, the regulator has to recover dues ranging from Rs1.28 lakh to Rs20 lakh from the rest of the entities.

 

"The sale will be stopped if the arrears mentioned in the said certificate along with interest costs (including the costs of the sale) are paid by the defaulter to the recovery officer," SEBI said in the orders.

 

The capital markets watchdog had begun initiating attachment proceedings against defaulters, including individuals and companies, nearly one year ago as part of the greater powers granted by the government.

 

These proceedings involve attachment of equity shares, bank accounts, movable and non-movable properties, among others.

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