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Anil Ambani Banned from Markets for 5 Years, Fined Rs 25 Crore: SEBI Calls Him the Mastermind of Fraud Scheme.

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Photo: TOI

SEBI Takes Action Against Questionable Loans, pointing On Anil Ambani and Reliance Home Finance.

Anil Ambani and Reliance Home Finance Limited (RHFL) have been severely punished by the Securities and Exchange Board of India (SEBI) for authorizing dubious loans to parties associated with the firm without doing adequate due diligence. SEBI has slapped Ambani with a big fine of Rs 25 crore and barred him from the securities market for five years. RHFL and some of its top executives are also getting penalized.

Investigative Findings: Ambani’s Involvement and Loan Irregularities

The investigation says Ambani was behind a scam where Reliance Home Finance gave loans to his associates, labeling them as working capital loans during the 2018–2019 fiscal year. These loans, totaling Rs 8,470 crore, didn’t go through proper checks.

The SEBI order noted that funds structured as General Purpose Working Capital (GPC) loans were transferred to entities linked to the Reliance ADA Group. The manner in which these loans were disbursed was described as abrupt and highly irregular. Moreover, there was evidence that senior officials actively pushed for these loans, showed little interest in recovering the amounts, and that Ambani was directly involved in approving them.

SEBI’s findings pointed to a pattern indicating that these loans were intended for Ambani’s benefit, either directly or indirectly.

Independent Reports Back SEBI’s Findings

Reports from Price Waterhouse & Co., RHFL’s statutory auditor, and Grant Thornton, a forensic auditor hired by Bank of Baroda, RHFL’s primary lender, corroborated SEBI’s findings. Price Waterhouse outlined issues that prompted it to stop auditing RHFL, pointing to the company’s other procedural failings as well as a dearth of meaningful answers to its questions. Due to its position, the company even received threats of legal action.

Grant Thornton’s report found similar discrepancies and pointed out suspicious reclassifications of borrower entities from related to non-related parties just before loan disbursements. Eight entities, which initially appeared to be related to the Reliance group, were shown as unrelated shortly before receiving loans totaling Rs 1,323.43 crore.

Broader Penalties

SEBI’s order impacts 28 individuals and entities, including RHFL, Anil Ambani, several Reliance ADA group companies, and other key management personnel. RHFL has been prohibited from participating in the securities market for six months, while Ambani and 26 others face a five-year ban.

RHFL faces fines of Rs 5 lakh, Anil Ambani faces fines of Rs 25 crore, Amit Bapna, the CFO of RHFL, faces fines of Rs 27 crore, and CEO Ravindra Sudhalkar faces fines of Rs 26 crore. All companies involved in this notice face fines of Rs 25 crore each.

This major regulatory action makes it very evident that SEBI is committed to upholding accountability and transparency in the securities industry and makes it very apparent that corporate malfeasance will not be accepted.

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Diwali 2025 Date Confusion? Get the Full Details Here

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Diwali, also called Deepawali, is one of the biggest festivals for Hindus. People all over India celebrate it with lights, sweets, and joy. The festival is about the victory of good over evil, light over darkness, and knowledge over ignorance. Diwali Celebrates on the Amavasya (new moon) of the Kartik month.

Why There Is Confusion About the Date

This year, some people are unsure about the date because the Amavasya tithi lasts for two days—from October 20 to October 21, 2025. Don’t worry! Here’s the information to help you celebrate Diwali at the right time.

Diwali 2025: Date and Time

Amavasya Tithi Starts: October 20, 2025 – 3:44 PM

Amavasya Tithi Ends: October 21, 2025 – 5:54 PM

Lakshmi Puja Muhurat: October 20, 2025 – 7:08 PM to 8:18 PM

Pradosh Kaal: October 20, 2025 – 5:46 PM to 8:18 PM

Vrishabha Kaal: October 20, 2025 – 7:08 PM to 9:03 PM

Since the Amavasya tithi starts on October 20, the main day to celebrate Diwali is October 20, 2025.

The Significance of Diwali

Diwali is a festival full of lights, joy, and celebration. It marks the victory of good over evil and brings happiness, peace, and luck to people.

According to Hindu tradition, Diwali celebrates the return of Lord Ram to Ayodhya after defeating the demon king Ravana. People welcomed him by lighting lamps, decorating the city, and making rangoli.

On Diwali, people pray to Goddess Lakshmi, Lord Ganesha, and Lord Kuber. It is believed that Goddess Lakshmi comes to homes on this night and brings wealth, happiness, and peace. The festival is a time to celebrate life, family, and positivity.

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Delhi’s Nightlife Is Getting a Foodie Twist! Govt’s Plan Revealed.

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Delhi is getting ready to make its nightlife more exciting. The city government is planning food streets that will stay open late, serving a mix of popular local dishes along with music and cultural shows.

Food Trucks in Key Areas

PWD Minister Parvesh Verma said that food trucks will be placed in busy locations like Connaught Place and Chandni Chowk. These trucks will serve food from 10 PM to 1 AM to give people more night-time food options.

Inspired by Indore’s “56 Dukaan”

This idea takes inspiration from Indore’s well-known “56 Dukaan” area, which is famous for its street food and active night scene. Delhi hopes to create something similar to boost tourism and support local culture.

Pilot Project to Begin Soon

The plan will first be tested in one area—most likely Connaught Place, Hauz Khas, or Chandni Chowk. If successful, more zones will follow. Cleanliness will be a priority, and vendors ignoring hygiene rules may lose their licenses.

Support for Local Businesses and Artists

This move is expected to help street vendors, artists, and small shop owners by giving them more visibility and income. It’s also aimed at creating jobs and offering Delhi’s residents a safe, lively space to enjoy at night.

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Delhi Police Constable ‘Kartar’ Singlehandedly Nabs 3 Burglars in Hauz Khas.

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In Delhi’s Hauz Khas area, a late-night encounter created a stir when a lone constable caught three suspects after a brief chase.

The constable, Kartar, posted at Malviya Nagar police station, was on night patrol when he noticed three young men acting suspiciously. He asked them to stop, but they ran. While chasing them, one of the men attacked Kartar with an iron rod. Luckily, he was wearing a helmet and avoided injury.

To warn them, Kartar first fired a shot in the air. But the suspects kept running. When they turned aggressive, he fired in self-defence, injuring one. All three were later arrested, and the injured man was taken to the hospital.

Police say the trio is part of a gang involved in house break-ins across states. A stolen bike and burglary tools were found. One of the accused has 14 cases registered in different Delhi police stations.

Investigation is ongoing.

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