Connect with us

India

With no access to home-cooked meals Chitra Ramkrishna has now been sentenced to 14 days court custody

Published

on

In the NSE co-location scam case, a Delhi court on Monday remanded former National Stock Exchange chairman Chitra Ramkrishna in judicial custody for 14 days. Ramkrishna has been ducking questions and refusing to cooperate with the probe, according to the CBI. Ramkrishna’s defence lawyer requested home-cooked food during his judicial detention, but the court responded that the food in judicial custody is as good. According to Bar and Bench, the judge stated, “I have had the cuisine numerous times.” Permission for a prayer book and a mask was also requested, but the judge denied her request because she is not a VIP. “VIP detainees demand everything.

Then, and only then, should every rule be altered? Every detainee is the same. The judge stated, “She is not a VIP.”

The CBI appeared in court today to present Chitra, who was allegedly encouraged by a Himalayan yogi to install Anand Subramanian as the NSE’s group operating officer. Her seven-day detention period had ended today. Ramkrishna was apprehended by the investigation agency on March 6, a day after the court denied her anticipatory release motion.

Although the cases of Himalayan Yogi and co-location are distinct, they both feature the same characters.

What is the case for co-location? In May 2018, an FIR was filed alleging that some brokers were allowed early access to the markets. Brokers may host their servers on the grounds of the stock exchange, allowing them to access the markets more quickly. Some brokers are accused of abusing the algorithm and the co-location facility to achieve windfall profits in collusion with insiders.

What is the case of the Himalayan Yogi? Sebi, the capital markets regulator, has fined the NSE, Chitra Ramkrishna, and other former executives for recruitment mistakes. The NSE and its senior officials broke securities contract rules when they appointed Anand Subramanian as group operating officer and advisor to the managing director, according to the Sebi. In appointing Subramanian, Chitra Ramkrishna said she was motivated by a Himalayan Yogi.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Community Over Celebrations: RPI(A) Marks Ex-MLA Sandeep Naik’s Birthday with Service Drives

Published

on

Rejecting flower bouquets, supporters distribute fruits to hospital patients, raincoats to sanitation workers, and free bus passes.

The Drives

Transforming birthday traditions into meaningful public service, the Republican Party of India (Athawale) joined hands with local BJP leaders to celebrate former Airoli MLA Sandeep Naik’s birthday with a series of community-focused welfare drives in Sector 3.

Responding directly to Naik’s personal appeal asking supporters to skip expensive garlands and focus on social work, party leaders organized a multi-pronged community event led by NMMT committee member Advocate Yashpal Ohal and Airoli Assembly President Pratik Jadhav.

Volunteers visited the local Mother and Child Hospital in Sector 3 to distribute fresh fruits to recovering patients. Demonstrating appreciation for the city’s frontline workers, the team gifted durable raincoats to Navi Mumbai’s sanitation workers the Swachhata Doots whose daily efforts keep the municipality clean. Additionally, free NMMT bus passes were distributed to senior citizens and women at the Airoli Bus Depot to support local travel needs.

“A birthday is just a reason to gather, but our real goal is serving people,” said RPI(A) leader Sidram Ohal. “Sandeep Sahib has always guided us to prioritize public welfare over pomp. Honoring our sanitation workers and supporting our seniors is the best gift we could give him.”

The event drew strong support from civic representatives, including Transport Committee Chairman Vikas Jhanjhad and Corporator Shivajirao Khopde, showcasing a unified effort across political lines to turn a personal milestone into a day of tangible public good.

Continue Reading

Latest News

Relief for Navi Mumbai as Morbe Dam Level Reaches Nearly 86% Capacity

Published

on

Steady monsoon downpours across catchment areas push water storage past 85.90%, securing the city’s drinking supply.

The Dam

A wave of relief has washed over Navi Mumbai as the Morbe Dam, the primary lifeline for the city’s drinking water, crossed a crucial milestone this monsoon. Following days of persistent heavy rainfall across its catchment area in the Raigad and Matheran hill ranges, the dam’s water storage has officially reached 85.90% of its total capacity.

The surge in water levels brings immense reassurance to both city officials and local households. Prior to the onset of the heavy downpours, lower storage levels had raised concerns over potential water cuts and strict rationing through the upcoming summer months. However, the steady inflow over recent weeks has effectively neutralized those worries.

With the current storage level approaching the dam’s maximum operational height of 88 meters, civic officials from the Navi Mumbai Municipal Corporation (NMMC) are keeping a close watch on daily weather patterns. Once the dam reaches 100% capacity, excess water will automatically discharge through its waste weir into the Dhavri River. “This is fantastic news for everyone in the city,” shared a local resident from Vashi. “Water uncertainty creates a lot of anxiety for families. Knowing the main dam is nearly full gives us complete peace of mind for the year ahead.”

NMMC authorities continue to monitor the reservoir daily, expressing confidence that if the monsoon maintains its current momentum, the dam will soon reach full capacity ensuring an uninterrupted water supply for the entire city.

Continue Reading

Latest News

Scattered Cable Wires Pose Daily Hazard for Navi Mumbai Residents

Published

on

Loose internet and TV cables dangling across footpaths and roads leave commuters at risk of trips, entanglements, and electrocution.

The Cables

Walking down a sidewalk in Navi Mumbai has increasingly become an obstacle course, with residents raising alarm over a growing safety threat: tangled webs of loose, low-hanging cables scattered across roads and footpaths.

What started as minor visual clutter has turned into a daily hazard. Overhead internet, television, and telephone lines dangle dangerously close to street level, catching on passing vehicles and tripping pedestrians, particularly children and the elderly. Motorcyclists face the terrifying risk of getting entangled in hanging wires, while the proximity of these cables to high-voltage power lines creates a constant risk of short circuits and electrocution. The root of the problem lies in irresponsible installation. To cut costs, local service providers string optical fiber cables across electricity poles rather than placing them underground. When wires break or services are updated, dead cables are simply left hanging instead of being safely removed.

Frustrated citizens are calling on the Navi Mumbai Municipal Corporation (NMMC) and MSEDCL to take immediate action. “Walking at night feels like walking into a trap,” shared one concerned local resident. “You never know when a hanging wire might catch your neck or trip you up. The authorities need to clean this up before someone loses their life.”

Residents are demanding a citywide drive to remove unauthorized dangling wires, alongside strict policies enforcing underground cabling for all service providers.

Continue Reading

Trending