ED Questions Niranjan Hiranandani in FEMA Probe Case

05 Mar 2024 CW Team

Niranjan Hiranandani, a prominent figure in the real estate industry, is under the lens as the Enforcement Directorate (ED) conducts an inquiry into potential violations of the Foreign Exchange Management Act (FEMA). The investigation adds to the heightened regulatory scrutiny on financial transactions within the real estate sector.

The ED's questioning of Niranjan Hiranandani is part of the agency's efforts to delve into financial irregularities and ensure compliance with FEMA regulations. The real estate sector, being a significant contributor to the Indian economy, is increasingly becoming a focal point for regulatory authorities keen on maintaining financial integrity.

This development underscores the growing importance of transparency and adherence to financial regulations within the real estate industry. The ED's probe reflects a broader commitment to investigating potential financial improprieties and enforcing compliance to safeguard the interests of stakeholders.

As the real estate sector continues to play a vital role in the economic landscape, regulatory scrutiny is instrumental in ensuring fair practices, accountability, and the prevention of financial malfeasance. The investigation into Niranjan Hiranandani's transactions serves as a reminder of the evolving regulatory landscape in the real estate industry, emphasising the need for stringent oversight to maintain the sector's credibility.

Infrastructure Urban

26 Aug 2025

Jupiter Opens First EV Showroom in Hyderabad

Jupiter Electric Mobility Pvt Ltd (JEM), the electric commercial vehicle arm of Jupiter Wagons Ltd, has inaugurated its first showroom in New Bowenpally, Secunderabad, Hyderabad. The launch also marks the introduction of its 1.05-tonne four-wheeler electric light commercial vehicle (eLCV), JEM TEZ, to Telangana’s growing logistics and intra-city freight market. This expansion underscores JEM’s commitment to delivering purpose-built sustainable mobility solutions and accelerating the electrification of India’s logistics sector.The new showroom, operated by Arven Motors Pvt Ltd, offers cus..

Premier Energies Launches 620W DCR Solar Modules in India

Premier Energies Limited, one of India’s largest integrated solar manufacturers, has launched its next-generation 620W DCR solar modules using G12R TOPCon technology, now among the most powerful large-format panels available in the country.The new modules, built with Tunnel Oxide Passivated Contact (TOPCon) architecture, deliver superior power density, improved temperature coefficients, and enhanced low-light performance. The rectangular G12R N-type cell design enables higher string power and balance-of-system optimisation, making the panels suitable for utility-scale projects as well as com..

ONGC Starts Gas Sales from Rajasthan Chinnewala Tibba Block

Oil and Natural Gas Corporation Limited (ONGC) has commenced natural gas sales from the Discovered Small Field (DSF-II) Block RJ/ONDSF/Chinnewala/2018, marking the successful monetisation of the Chinnewala Tibba field in the Rajasthan Kutch Onland Exploratory Asset (RKOEA). Gas sales officially began on 25 August 2025.This development highlights ONGC’s commitment to boosting domestic energy production and strengthening India’s energy security under the guidance of the Ministry of Petroleum and Natural Gas. Located in western Rajasthan, close to the Indo-Pakistan border, the Chinnewala Tibb..