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Tata money market fund's NAV dips 5.94% on IL&FS write-off

Wednesday, October 31, 2018, 6:01 PM

Tata Money Market Fund saw its net asset value dip as much as 5.94% on October-29 after the fund wrote off the balance 50% of its investment in the commercial paper of IL&FS which was to mature on October-29. "Since we did not receive maturity proceeds on October-29, we have made 100% provision against the IL&FS exposure", says Murthy Nagarajan.
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SC Orders: Religious Institutions to Assets, Accounts And Hygiene

Thursday, August 23, 2018, 1:12 PM

The Supreme Court has directed District Magistrates to carry out inspection in all religious and charitable institutions with regard to their hygiene, assets, access, and accounts. It asked them to submit their reports to high courts, which will treat them as PILs. The order was issued after the court's hearing on a PIL demanding inspection at Puri's Jagannath Temple.
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Nirav Modi: Family get notices to appear under Fugitives Act

Saturday, August 11, 2018, 7:21 PM

A special Fugitive Economic Offenders Act court in Mumbai on Saturday issued public summons to absconding diamantaire Nirav Modi's brother Neeshal Modi and sister Purvi Modi. The court said their assets will be seized if they fail to appear before it on September 25 at 11 am. The Enforcement Directorate had charged Neeshal and Purvi for indulging in money laundering.

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