India
Anand Subramanian Denied Bail by Delhi Court in NSE Co-location Scam

Anand Subramanian, the former group operating officer (GOO) of the National Stock Exchange, was denied bail in the co-location fraud case by a Delhi court on Thursday, March 24. After hearing lawyers for the Central Bureau of Investigation (CBI) and Subramanian, who is now in judicial custody, Special Judge Sanjeev Aggarwal issued the decision.
The CBI detained the former NSE senior executive on February 24 and held him in custody for questioning. On March 9, he was placed in judicial detention for 14 days.
As per a court order obtained by Republic, Subramanian pretended to be Himalayan Yogi, with whom the co-accused NSE’s former MD and CEO Chitra Ramakrishna communicated secret information about the company’s structure and operations via email. He is also a flight risk, according to the CIA, and hence should not be released on bond.
“Further, investigations are ongoing, and the investigative agency is uncovering the hidden curtain to reveal the genuine face of this Himalayan Yogi, who is as elusive as mythical Himalayan Yeti,” it said.
Because he was not identified in the First Information Report (FIR) and had no participation in the NSE co-location facility, the former GOO’s lawyer had requested his release on bail. He also refuted Subramanian’s claim to be the “Himalayan Yogi.”
On March 9, the court chastised the CBI for its slow investigation into the matter, claiming that the case’s gravity would be significant and that the country’s prestige would be jeopardized.
In 2018, an FIR was filed under IPC Sections 204 and 120B, as well as the Information Technology Act and the Prevention of Corruption Act, in connection with the NSE co-location scandal.
Brokers might use the National Stock Exchange’s co-location facility to house their servers on the stock exchange’s premises, providing them with speedier access to the markets. CBI claims that certain brokers utilized the algorithm and the co-location facility to generate significant profits in conjunction with insiders.
The investigating agency said that Ramakrishna, who was also detained by the CBI, exploited her position as Managing Director of NSE to designate Subramanian as her Chief Strategic Advisor by creating this office to accommodate and appoint him outside of the NSE’s mandated due processes.
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Navi Mumbai Police Seize Drugs Worth ₹1.10 Crore, Arrest Three in Pre-Dawn Raid

In a major crackdown on drug trafficking and illegal immigration, the Navi Mumbai Police conducted a pre-dawn raid on Thursday, seizing narcotics worth Rs1.10 crore and arresting three African nationals.
Acting on directives from Commissioner of Police Milind Bharambe, the Anti-Narcotics Cell and Crime Branch launched a coordinated operation at 4:00 AM. The raid, led by Assistant Commissioner Bhausaheb Dhole and Inspector Sandeep Nigde, involved 125 police officers targeting 11 locations across the Commissionerate.
Authorities confiscated 118.48 grams of high-quality cocaine worth Rs59.24 lakh, 100.84 grams of MD powder valued at Rs50.42 lakh, and Rs43,500 in cash. A total of 35 African nationals were screened, and three individuals found in possession of narcotics were arrested under the NDPS Act at Ulwe Police Station.
Additionally, 11 individuals with expired visas and passports were served Leave India Notices, as part of the police’s intensified efforts against illegal immigration.
The Navi Mumbai Police have vowed to continue their crackdown on drug trafficking and unlawful activities, warning of strict action against offenders.
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On February 15, CIDCO Will Conduct A Computerized Lottery Draw For The “My Preferred CIDCO Home” Program

CIDCO to hold computerised lottery draw for “My Preferred CIDCO Home” scheme on February 15.
The Lottery
The City and Industrial Development Corporation (CIDCO) will hold the computerised lottery draw for its highly anticipated “My Preferred CIDCO Home” housing scheme on Saturday, February 15, 2025, at 11:00 AM. The event will take place at Raigad Estate, Phase I, Sector-28, Taloja Panchanand, Panvel, and will be streamed live on the CIDCO website for applicants to watch in real time.
Launched on October 12, 2024, the scheme aims to provide affordable housing under the Pradhan Mantri Awas Yojana (PMAY) for the Economically Weaker Section (EWS) and Low-Income Group (LIG) categories. A total of 26,000 tenements have been made available across Navi Mumbai in key locations such as Vashi, Bamandongri, Kharkopar, Kharghar, Mansarovar, Khandeshwar, Panvel, and Kalamboli.
A key feature of this scheme was that applicants could select up to 15 preferred tenements, making it highly flexible and attracting overwhelming participation.
The live webcast of the draw can be accessed on cidcohomes.com, ensuring transparency in the process. After the draw, the list of successful applicants will be published on lottery.cidcoindia.com.
With this initiative, CIDCO continues its mission to provide affordable housing and fulfill the dream of homeownership for thousands in Navi Mumbai.
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Construction Projects Must Utilize Tertiary Processed Recycled Water, Under NMMC Regulations

NMMC mandates use of tertiary treated recycled water for construction projects.
The Regulation
In a major step towards water conservation, the Navi Mumbai Municipal Corporation (NMMC) has made it mandatory for developers to use tertiary treated recycled water in all construction projects approved by the Town Planning Department.
The initiative aims to curb the rising demand for potable water as the city grapples with declining rainfall and increasing concerns over water scarcity. With several redevelopment projects underway, the consumption of drinking water for construction has surged, putting additional strain on resources.
To address this, NMMC is leveraging its advanced sewage treatment infrastructure. The city currently operates seven sewage treatment plants using Sequential Batch Reactor (SBR) technology. Additionally, tertiary treatment plants at Koparkhairane and Airoli utilize Ultra Filtration and Ultraviolet-Based Technology to further purify secondary treated water. This recycled water is already being supplied to industrial establishments in the Maharashtra Industrial Development Corporation (MIDC) area for non-potable use.
By enforcing the use of recycled water in construction, NMMC aims to reduce reliance on drinking water and promote sustainability. This regulation is expected to play a crucial role in preserving Navi Mumbai’s water resources for the future while ensuring responsible urban development.
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