Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Mumbai cops conduct searches at Yash Birla Group's 7 premises

Jan 27 2014, 12:51 IST
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The Income Tax Department recently conducted searches on the group for alleged tax evasion, while the ED had grilled Yash Birla. The Income Tax Department recently conducted searches on the group for alleged tax evasion, while the ED had grilled Yash Birla.
SummaryEconomic Offence Wing of Mumbai Police is probing an alleged cheating case of Birla Power Solutions

After the Income Tax searches on Yash Birla group last week, the Mumbai Police also conducted searches at seven premises belonging to the group here today.

"We have conducted searches at seven premises in the city," a police official said.

The Economic Offence Wing of the Mumbai Police is probing an alleged cheating case of Birla Power Solutions Pvt Ltd, against which 28 investors had filed a complaint against the firm.

The Income Tax Department recently conducted searches on the group for alleged tax evasion, while the ED had grilled Yash Birla.

The searches were conducted at about 20 premises of the group in Mumbai and New Delhi.

On January 10, top executive of the group Anand Vadhan was arrested by Narcotics Control Bureau for alleged possession of five grams of cocaine.

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