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In the NSE case the CBI is expected to detain Chitra Ramakrishna

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Sources tell that Chitra Ramakrishna, the former chief of the National Stock Exchange (NSE), is likely to be detained by the Central Bureau of Investigation (CBI) after a Delhi court denied her anticipatory bail appeal on Saturday.

Chitra Ramakrishna had filed a court appeal seeking protection from the CBI’s detention. After the agency objected, her application was denied.

Officials may arrest her shortly, according to sources, but if she goes to the high court, the CBI will have to wait for an order.

Chitra Ramakrishna, NSE’s former Managing Director, and Chief Executive Officer are being investigated for allegedly sharing private NSE information with a “yogi who resides in the Himalayas.”

CBI officers had previously questioned her in Mumbai. Anand Subramaniam, her suspected close friend, and former Group Operating Officer of NSE was previously detained by the CBI.

Officials claim that the suspected discriminatory activities in NSE took place between 2010 and 2015. Ravi Narain was the NSE’s Managing Director and Chief Executive Officer until March 2013. At the time, Chitra Ramakrishna was the company’s, Deputy CEO. She succeeded Ravi Narain as CEO of the NSE, which she led until December 2016.

According to sources, the CBI took action in response to recent SEBI findings (Securities and Exchanges Board of India).

“As during inquiry into the matter of co-location facilities at NSE, SEBI came across all these documentary evidence, which illustrated that Notice No. 1 [Chitra Ramakrishna], former MD & CEO of NSE, had disclosed certain internal confidential information of NSE, viz., organizational structure, dividend scenario, financial results, human resources policy, and related issues, response to the regulator, etc., with an unfamiliar persuasion,” the SEBI said in its order on February 11.

According to sources, the CBI has new evidence in the co-location case against Chitra Ramakrishna.

In 2018, the CBI filed an FIR in a co-location case on the court’s directives. The CBI case involves a stockbroker who allegedly corrupted the NSE’s system with the cooperation of then-top officials to acquire access to the markets before anyone else when they opened.

Sanjay Gupta (promoter of OPG Security Pvt Ltd), Aman Kokrady, his brother-in-law, and data cruncher and researcher Ajay Shah, as well as anonymous NSE and SEBI employees, were listed as suspects in the investigation by the CBI.

The broker’s computer is located in the same area as the stock exchange’s server, which is known as co-location.

In comparison to other brokers, this gives brokers a time advantage. The broker whose computer is housed in the NSE’s server room has first access to market data, allowing them to profit handsomely from stock trading.

In the CBI investigation, broker Sanjay Gupta reportedly had access to the NSE’s co-location facility, allowing his firm, OPG Security Pvt Ltd, to acquire early access to data and earn massive financial profits.

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Navi Mumbai Durga Puja Associations Pay Tribute to Late Ratan Tata

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As the nation mourns the loss of Shri Ratan Tata, an industrialist, visionary leader, and philanthropist, various Durga Puja associations across Navi Mumbai have come together to honor his remarkable legacy during the ongoing Navaratri festivities.

The Vashi Cultural Association, celebrating Durga Puja in Sector 14, paid tribute by displaying a photograph of Tata on a giant LED screen with an “RIP” note, and attendees observed a minute of silence before cultural events. Similarly, the Seawoods Cultural Welfare Association, hosting Durga Puja at Ganapati Tandel Ground, showcased Tata’s image on a large screen, with committee member Gautam Chakraborty delivering a speech on his philanthropic contributions.

The Navi Mumbai Bengali Association also observed a moment of silence during cultural events, sharing an anecdote on Tata’s life and accomplishments. Shri Gujarat Bhavan in Vashi canceled their Rass Garba on 10th October as a mark of respect, while the Lohana Samaj Navaratri Mandal in Koparkhairane held a minute of silence before their Dandiya sessions, reflecting on Tata’s vision.

Ratan Tata’s last rites were held on 10th October at Worli crematorium with state honors. Dignitaries including Union Home Minister Amit Shah, Maharashtra CM Eknath Shinde, and Gujarat CM Bhupendra Patel attended the ceremony. Citizens are now calling for Tata to be posthumously awarded the Bharat Ratna, India’s highest civilian honor, in recognition of his lasting contributions to the nation.

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When The Unlicensed Driver Pressed The Accelerator Rather Than The Brake, The Kharghar Joyride Turned Tragic

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Kharghar Joyride Turns Tragic As Unlicensed Driver Hits Accelerator Instead Of Brake.

The Ride

Six Engineering College students were on a joyride when their automobile struck a divider and overturned in an attempt to avoid a pothole, resulting in one death and one injury. The automobile’s driver, Arnav Birari (18), accidentally hit the accelerator instead of the brake while attempting to avoid a pothole on the road heading to Gurudwara in Kharghar. This caused the car to collide with the road divider and overturn.

Birari and his five pals from NMIM College in Kharghar decided to have a joy ride in his father’s automobile on Tuesday afternoon, which is when the event occurred. Darsh Jain (18) was recognized as the deceased student, and Yash Maurya (18) was identified as the injured student. Paik Sawariya (18), Kumari Agrim Parashar (18), and the case’s complainant, Atharv Rawat (18), were the other passengers in the vehicle. They were all freshmen studying computer engineering at Kharghar’s N.M.I.M. College.

On October 8, Birari had driven his father’s Wagon R vehicle to college. He took five of his classmates on a trip in Kharghar around 1:15 p.m. He was trying to dodge a pothole on the road in front of a Gurudwara. The car scraped the road divider when he swung the steering wheel to the right. Police said that Birari became confused and pressed the accelerator rather than the brake, sending the car hurtling ahead and crashing into the road barrier, which caused it to topple over.

A stone used to build the divider struck the rear right window glass when the automobile overturned, striking Jain’s head and seriously injuring him. When the physicians arrived at the hospital, they proclaimed Jain dead, but all of the students were able to exit the vehicle, pull him out, and rush him there. After the preliminary inquiry, Kharghar police discovered that Birari, the driver, lacked a driver’s license and filed a complaint against him for his careless driving without a permit and negligence that resulted in death.

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Residents Of Uran Want NMMT Bus Services To Resume

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Uran residents demand the resumption of NMMT bus services.

The Service

Students, workers, and business people’s daily commutes have been significantly hampered by the several-month-long suspension of Navi Mumbai Municipal Transport (NMMT) bus services in Uran. Residents have been forced to rely on expensive and unreliable private transportation due to the lack of public transportation, which has caused major delays and inconvenience.

Private vehicle drivers are harassing local commuters and charging exorbitant prices, especially for those going to Navi Mumbai for business or school. Given these difficulties, Uran City Congress Committee members, Morning Katta leaders, and senior residents met with Dr. Kailas Shinde, Commissioner of the Navi Mumbai Municipal Corporation (NMMC), to insist on the immediate restoration of NMMT bus services.

The group emphasized how the lack of dependable public transportation has interfered with daily routines and the general annoyance of Uran locals. To further encourage the return of bus services, a signature drive was launched as a gesture of support.

In response to the citizens’ worries, Commissioner Dr. Kailas Shinde gave them his word that action would be done to promptly resume NMMT bus service in Uran. Prakash Patil, the president of the Uran City Congress Committee, Abhay Ved Pathak, former corporator Afsha Mukari, and other local leaders attended the gathering and emphasized the importance of the service for the welfare of the community.

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