You are here: Home >> English News & Features >> BUSINESS & ECONOMY

47 assets of Ponzi scheme Citrus Check Inns attached

DNMUM416135 | 6/14/2018 | Author : Manju AB | WC :431

Mumbai: Thousands of investors who put their money into two Mumbai-based Ponzi schemes Royal Twinkle Star Club and Citrus Check Inns Ltd have reasons to cheer after the Maharashtra government attached 47 properties of the company in Maharashtra and Karnataka.
The promoter Om Prakash Goenka, who has stakes in chains of premium restaurants including Farzi Café, Falafel, Rajdhani, Smoke House Deli and Mad Over Donuts, is now behind bars after the Economic Offences Wing (EOW) arrested him last month.
The state home department said in its order that the government is convinced that the companies are not going to return the money so it is attaching the said properties.
The deputy collector of Mumbai, who will be given the author
Read full story

Copyright restricted. Under license from   
Add To Lightbox
Calculate Price


‘We’ve lined up capex of `15K cr for 3 years’
DNMUM428010 | 12/14/2018 12:00:00 AM | Author : Swati Khandelwal | WC :525

V S Parthasarathy, chief financial officer (CFO), Mahindra & Mahindra, spoke about the expected growth of the company, the impact of the trade war, acquisition of Korea’s SsangYong Motor and Mahindra-Ford alliance during an interview with Swati Khand
Add To LightboxCalculate Price

Food for your pet’s soul
DNMUM428011 | 12/14/2018 12:00:00 AM | Author : Priyanka Golikeri | WC :538

When millennials vouch by pure and gourmet foods, why leave out their beloved pets? Dogs and cats are getting a taste of all things artisanal and organic, with exotic ingredients like yak cheese, black rice, quail eggs making their way into curated p
Add To LightboxCalculate Price

Uncertainty may lead to re-rating of power sector
DNMUM428027 | 12/14/2018 12:00:00 AM | Author : Sandeep Upadhyay | WC :676

Power sector is grappling with the double whammy of uncertainties revolving around policy and decision making along with depleting interest from the investors due to more than ever before focus on renewables.
About a fifth of the total power gener
Add To LightboxCalculate Price

Let there be light
DNMUM428028 | 12/14/2018 12:00:00 AM | Author : Ateeq Shaikh | WC :1452

In India’s bankruptcy courts, a clutch of electricity generators and ancillary companies are jostling for space. An unusual growth in capacity addition over the last few years that outpaced the demand had created stress in the sector, taking one afte
Add To LightboxCalculate Price