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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 Civic Body Meeting Sees Heated Exchange Between Sagar Naik and Shivram Patil

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Discussion over approval of civic proposals leads to a sharp argument during the NMMC General Assembly.

The Meeting

A heated exchange took place between Sagar Naik and Shivram Patil during the Navi Mumbai Municipal Corporation (NMMC) General Assembly while members discussed the civic body’s functioning and the approval of administrative proposals.

According to the report, the issue centred on proposals submitted by NMMC commissioners. Over the past seven months, 1,830 proposals were presented, of which 1,185 were approved. The figures and the process of approving the proposals led to questions from members during the meeting. The discussion became tense as Naik and Patil expressed differing views.

Members also raised broader concerns regarding the functioning of the civic administration and the role of elected representatives in decision-making. The exchange highlighted the differences among members over how civic proposals are discussed and approved in the NMMC General Assembly.

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Navi Mumbai Collects Nirmalya at Six Immersion Sites for Composting

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Initiative turns floral offerings into compost and encourages residents to celebrate Ganeshotsav responsibly.

The Composite

As Ganeshotsav celebrations continue across the city, an eco-friendly initiative is helping ensure that religious offerings do not end up as waste. The Dr Shri Nanasaheb Dharmadhikari Pratishthan is collecting nirmalya at six major Ganesh immersion sites in Navi Mumbai and sending it for composting.

The initiative encourages devotees to place flowers and other religious offerings in specially designated containers instead of throwing them into water bodies. Volunteers at the sites are collecting and separating the waste before sending the floral material for composting.

The collection drive is being carried out at Diwale Jetty, Belapur village lake, Nerul village lake, Chincholi Lake in Shiravane-Juinagar, Koparkhairane Dharan Lake and Airoli Creek Lake. During the immersion of 1.5-day Ganesh idols, around 1,485 kg of nirmalya was collected from these six locations. Airoli recorded the highest collection at 450 kg, followed by Koparkhairane with 320 kg.

The collected flowers will be converted into compost, which can later be used for tree plantation and maintaining greenery in the city. The drive will continue throughout the Ganesh immersion period, giving residents an easy way to dispose of religious offerings responsibly while helping keep Navi Mumbai’s water bodies and surroundings cleaner.

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NMMC Uses Ganeshotsav Aarti Booklet to Spread Cleanliness Message

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Unique booklet combines popular Ganeshotsav Aartis with messages on waste segregation and environmental protection.

The Message

With Ganeshotsav bringing families and communities together, the Navi Mumbai Municipal Corporation (NMMC) has come up with a unique way to promote cleanliness and environmental awareness. The civic body has introduced a special Aarti booklet that combines devotional Aartis with simple messages on keeping Navi Mumbai clean and eco-friendly.

The foldable booklet includes popular Aartis dedicated to Lord Ganesha, Lord Shiva, Goddess Durga, Lord Vitthal and other saints and deities. Alongside the prayers, it carries useful information encouraging citizens to adopt responsible waste management practices. The booklet urges residents to separate wet, dry, domestic hazardous and sanitary waste. It also encourages people to choose clay Ganesha idols instead of Plaster of Paris idols, avoid plastic bags and use cloth bags, and properly manage nirmalya by converting it into compost.

Designed to be compact and easy to carry, the booklet has been distributed across Navi Mumbai, including through school students. The initiative has also been promoted through social media. Through the initiative, NMMC aims to connect religious celebrations with everyday civic responsibility and encourage residents to celebrate Ganeshotsav while keeping the city clean and protecting the environment.

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