Mumbai: The Economic Offences Wing (EOW) of the Mumbai Police has re-registered a major corporate fraud case involving ₹68 crore against the directors and key officials of Boston Ivy Healthcare Pvt. Ltd., originally an FIR filed at MIDC Police Station and now transferred to the EOW. An FIR has been registered under sections 316(5), 344, 351, 61(2), and 3(5) of the Bharatiya Nyaya Sanhita (BNS). The alleged offences took place between April 1, 2024, and August 30, 2025.

The complainant, Vivek Tiwari (47), a former Chief Executive Officer and 13% shareholder of the company, has accused the directors of arbitrarily terminating him from his position and engaging in large-scale financial irregularities. The alleged fraudulent activities occurred at the company’s registered office located at 2nd Avenue, Unit No., Viravali Village, near SEEPZ, MIDC Central Road, Mahakali Caves Road, Andheri East.

According to the complaint, after Tiwari’s removal, the accused directors allegedly allotted company shares to an ESOP Trust at grossly undervalued rates. They are also accused of siphoning off approximately ₹264 crore from the company’s accounts to various unrelated third parties between April 2024 and August 2025. Tiwari, along with co-promoter Ketan Malkan also a 13% shareholder claims to have suffered a combined loss of ₹68 crore due to these alleged acts of misappropriation and corporate fraud.

The accused in the case include Nitish Bandi, Pinak Shrikhande, Charles Janssen, Ravishankar Gopalkrishnan, Jens Nieuwenborgh, CEO Dinesh Lodha, CFO Raman Chawla and other associated individuals. The EOW is investigating the flow of diverted funds and examining company transactions to determine the extent of the financial fraud.

New Delhi, Oct 31: The domestic benchmark indices started the session flat amid mixed global cues, as US President Donald Trump and his Chinese counterpart, Xi Jinping, agreed to ease the trade conflict for a year only.

The Sensex started the session at 84,379.79, down 25 points against the last session’s closing of 84,404.46. Nifty opened 14 points lower at 25,863.80. However, both the indices turned green in a while amid buying in automobile and banking heavyweights.

“The Trump-Xi summit delivered only a one-year truce in the US-China trade war, not a breakthrough trade deal. To that extent, market participants were disappointed at the outcome, even though there is relief in the declining trade tensions and possible movement towards further progress,” analysts said.

Among the Sensex stocks, NTPC, Tata Steel, Kotak Bank, Sun Pharma, and Bharti Airtel were trading lower in early trade, while Maruti Suzuki, TCS, BEL, Bajaj Finance, Titan, Tata Motors PV, L&T, and ITC were trading in positive territory.

Broader indices witnessed buying activities in the morning trade as Nifty Midcap 100 and Nifty Smallcap 100 were up around 0.4 per cent. Nifty 100 was also trading in green.

“The rally in the Indian market has been running out of steam as it approaches the record high of 26277 set in September 2024. Renewed selling by FIIs is likely to be a drag on the market in the near-term,” market watchers added.

Sectoral indices were trading high. Nifty Auto, Nifty IT, Bank Nifty, and Nifty FMCG were trading up to 0.6 per cent higher amid decent buying interest. Nifty Fin Services was also trading up.

“Given the heightened volatility and mixed global cues, traders are advised to maintain a cautious ‘buy-on-dips’ approach, particularly when using leverage. Booking partial profits during rallies and keeping tight trailing stop losses will be key for effective risk management. Fresh long positions should be considered only if the Nifty sustains above the 26,100 mark,” the analysts added.

Mumbai: Mumbai woke up to light to moderate showers and cloudy skies on Friday morning, following a night of intermittent rainfall across the city. Light to moderate showers were reported in South Mumbai areas such as Fort, Byculla, Lalbaug, along with Sion, Bandra, Kurla, Mulund and Andheri in the early hours of the morning today.

The IMD’s forecast for the day suggests partly cloudy skies with chances of moderate rain or thunderstorms. The maximum temperature is expected to reach 32°C, while the minimum may drop to around 25°C, keeping the weather comparatively pleasant. The unseasonal rain has not only cooled down the city but also led to a notable improvement in air quality, which had deteriorated over the past few weeks due to stagnant winds and increasing pollution levels.

Real-time data from AQI.in recorded Mumbai’s overall Air Quality Index (AQI) at 46 on Friday morning, placing it firmly in the “Good” category. This marks a sharp improvement from the “Unhealthy” levels recorded earlier this month, as rain showers helped wash away pollutants and clear suspended particles from the air. The result was visibly clearer skies, improved visibility, and a fresher atmosphere across the city.

Among monitoring locations, Kurla registered the highest AQI at 52, followed by Bandra West (50), Bandra-Kurla Complex (50), Colaba (50) and Borivali East (48), all remaining within the “Good” range. Several areas even reported exceptionally clean air, with Malad West topping the list at 40, followed by Deonar (41), Chakala (42), Kandivali East (42) and Chembur (43).

As per AQI.in’s classification, readings between 0–50 denote “Good” air, 51–100 “Moderate,” 101–150 “Poor,” 151–200 “Unhealthy,” and anything above 200 falls under “Severe” to “Hazardous.”