ED charges EaseMyTrip co-founder Pitti in Mahadev betting app case
Share
Cite this▾
Citations are auto-generated; verify before publishing. The news classification is PolicyDhara's, not the source's.
News coverage — journalism about policy, not a policy document. Useful as timely context; the underlying instrument is linked where known.
Summary
ED alleged that Nishant Pitti facilitated the entry of proceeds of illegal betting into the Indian equity market under the guise of foreign portfolio investments
Key Facts
TypeNews
SourceHindustan Times - India
PublishedTuesday, 22 September 2026
Affected Population1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
Key Authorities
Ministry of FinanceRBISEBIDEA
Key Stakeholders
TaxpayersBanks & NBFCsInvestors
Government Context
NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight
Amendment History
2 changes recorded for this policy.
DescriptionTuesday, 22 September 2026via the_hindu_business
ED alleged that Nishant Pitti facilitated the entry of proceeds of illegal betting into the Indian equity market under the guise of foreign portfolio investments
Pitti, on behalf of the promoters of NzVs Easy Trip Planners Ltd., entered into a pre-arranged stock price manipulation deal with Amardeep Sharma to artificially inflate the share price and market capitalisation of IWs Easy Trip Planners Ltd., the chargesheet filed in a special PMLA court says
DescriptionTuesday, 22 September 2026via the_hindu_business
ED alleged that Nishant Pitti facilitated the entry of proceeds of illegal betting into the Indian equity market under the guise of foreign portfolio investments
Pitti, on behalf of the promoters of NzVs Easy Trip Planners Ltd., entered into a pre-arranged stock price manipulation deal with Amardeep Sharma to artificially inflate the share price and market capitalisation of IWs Easy Trip Planners Ltd., the chargesheet filed in a special PMLA court says
Tenor 1-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 71,971 Amount accepted (in ₹ crore) 71,971 Cut off Rate (%) 5.24 Weighted Average Rate (%) 5.24 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/1164
India’s jute industry is expected to recover in FY27, with sales volumes projected to rise 15% and operating margins improving on stronger demand and softer raw jute prices.
SECI’s 15-year journey has supported renewable energy deployment, market investments and emerging clean energy technologies, strengthening India’s renewable energy ecosystem.