Customs duty cannot be levied on electricity supplied from a special economic zone (SEZ) to the domestic market, ruled the Supreme Court on Monday while upholding Adani Power's appeal against a 2019 judgment of the Gujarat high court. The 2019 judgment had denied relief to Adani Power from Customs duty on electricity supplied from its Mundra SEZ unit to the domestic tariff area (DTA).
Quoting an incorrect PAN during property registration can invite penalties and prosecution.
The widow of former Maharashtra minister Baba Siddique, who was murdered last year, has petitioned the Bombay High Court for a Special Investigation Team (SIT) to investigate the case, alleging police have failed to apprehend the real culprits.
One of the most exploited provisions is Section 10(13A), which permits exemption on HRA.
'Trump does have a master plan in mind to put pressure on India with the additional tariff of 25 per cent to get Modi to persuade Russian President Vladimir Putin to freeze the Ukraine war.' 'It has not worked so far. By end-September only we'll know for sure the future trajectory of India's oil purchases from Russia,' observes Ambassador M K Bhadrakumar.
'If you align your ambition with India's rise, the peak of your careers will unfold alongside the peak of India's power.'
Adani Group on Monday said it does not handle any cargo coming from Iran or any Iranian-owned ship at any of its ports, as it denied any deliberate engagement in sanctions evasion. In a stock exchange filing, the group said reports of links between any of its entities and Iranian LPG are "baseless and mischievous".
Adani Group has commissioned India's first off-grid 5 megawatt green hydrogen pilot plant in Kutch, Gujarat, the conglomerate said.
The Income-Tax (I-T) Department has detected widespread tax evasion involving cryptocurrencies and, according to media reports, has issued emails to thousands of defaulting taxpayers seeking transaction details. Investors must understand the tax rules governing crypto assets and respond promptly to these emails.
Some individuals opt for the new regime without a comparative analysis of the tax liability under the two regimes.
Deductions missed in Form 16 can still be claimed while filing ITR.
India's list of top harbours/ports, is dynamic and changing all the time. It is based on their capacity to handle cargo, as per the most up-to-date listing available from Indian shipping marketplace, Freight Mango.
These fashion-forward youngsters are redefining style.
With this, a total of 42 individuals and seven firms have so far been chargesheeted in the case which was initially registered by the Directorate of Revenue Intelligence, Gandhidham unit, Gujarat, on September 13, 2021.
The Directorate of Revenue Intelligence has seized 56 kg of cocaine from a container near the Mundra port in Gujarat's Kutch district, a DRI official said on Thursday.
The Gujarat Anti-Terrorist Squad has seized 75.3 kg of heroin estimated to be worth Rs 376.5 crore from a container near the Mundra port in Kutch district, an official said on Tuesday.
The National Investigation Agency arrested an Afghan national in connection with the seizure of 2,988 kg of heroin at Mundra port in Gujarat, an official said on Tuesday.
The seized hazardous cargo containers were en route from Karachi in Pakistan to Shanghai in China, and the containers were not destined for Mundra Port.
Embattled Adani Group on Monday said it has put on hold major equipment procurement and site construction activities for the Rs 34,900 crore petrochemical project at Mundra in Gujarat as the project has not yet tied up finances. The group's flagship Adani Enterprises Ltd (AEL) incorporated a wholly-owned subsidiary, Mundra Petrochem Ltd in 2021 for setting up a greenfield coal-to-PVC plant at Adani Ports and Special Economic Zone (APSEZ) land in the Kutch district of Gujarat. Asked by stock exchanges to comment on a PTI report on Sunday that the group has suspended work on the project, AEL said, "The financial closure of the Green PVC project of Mundra Petrochemicals Limited ( MPL) is pending with the financial institutions and it is in their active consideration."
Former MLA Zeeshan Siddique has named several builders and politicians in his statement to police, alleging their involvement in the murder of his father and NCP leader Baba Siddique. Zeeshan claims that developers were in frequent contact with his father regarding redevelopment projects and that one builder used abusive language towards his father during a meeting. He also alleges a false case was registered against him for opposing a redevelopment project. This information is part of a 4,500-page chargesheet filed by police in connection with Baba Siddique's murder.
The Pakistan Foreign Office issued a statement in response to questions from the press about reports in the media on the 'seizure of possible radioactive material' by Indian authorities at Mundra Port on a cargo ship from Karachi Port to Shanghai in China.
The National Investigation Agency (NIA) on Wednesday took over the probe into the seizure of 2,988 kg narcotic at the Mundra port in Gujarat, an official said.
The $22.8 billion CK Hutchison ports deal intensifies geopolitical tensions between the US and China. Chinese media has already called it 'a betrayal of all Chinese people'. Shyam G Menon explains how the proposed sale will reshapes global trade infrastructure.
These four, including two Afghanistan nationals, were among the nine accused who were remanded in custody till March 29 by Special Judge Shubhada Baxi.
Tata Power's Q2FY25 reported results were above consensus despite challenges like low plant availability at Mundra and Odisha discom operations affected by rain. A positive development for the power major included module manufacturing hitting nearly 100 per cent capacity utilisation. The Board has approved an investment proposal for a 1GW pumped storage project (PSP).
From highways connecting once-remote regions to aviation networks carrying millions, India's infrastructure story is one of transformation.
Gautam Adani had in the late 1970s applied to join a Mumbai college for education, but the college rejected his application. He did not pursue education but turned to business and went on to build a $220 billion empire. About four-and-a-half decades later, he gets called to the same college to deliver a lecture to students on Teachers Day. Adani had moved to Mumbai at the age of 16 and started working as a diamond sorter.
The conglomerate, which has received environmental clearance for the project, plans to invest around Rs 1,500 crore in it.
Concerned over the fallout of the Red Sea crisis and severe shortage of containers against the backdrop of a steep decline in merchandise exports in August, the Union government is pulling out all the stops to find a solution. To begin with, the government has devised a strategy aimed at boosting container supply and supporting exporters.
Green signal from Jaitley; CVC okays Hemant Contractor for head of PFRDA
Mundra fills the vacancy created by the retirement of KC Chakrabarty in April, two months before his five-year tenure was come to an end.
By refusing permission for the proposed ship-breaking facility, India can send a categorical message to the foreign ship owning countries that they should keep their own waste and recycle
Investigation revealed that Kumbhar worked as an ISI agent and transferred Rs 5,000 through Paytm in the account of one Rizwan which was further handed over to the main accused Rashid.
Even as rains abated in most parts of Gujarat on Friday morning, several towns and villages witnessed water logging due to swollen rivers, officials said.
The fire on a merchant vessel off the Karwar coast has been brought under control after more than 24 hours but one of the ship's 21 crew members was missing, the Indian Coast Guard (ICG) said on Saturday.
The Adani Group's Mundra Port plans to raise $400 million from its initial public offering for expansion of facilities.
At Rs 1.196 per unit, power tariff reaches new bottom.
The US govt has urged the Supreme Court to reverse a lower court order on the Tata Mundra Power Plant in Gujarat funded by a financial wing of the World Bank
Maruti Suzuki's next offering, the A-Star, a premium hatchback car, will be the first vehicle to be exported from the company's car terminal at Mundra Port, which is expected to be operational by December 2008. A joint venture between Maruti Suzuki and Mundra Port and Special Economic Zone (MPSEZ), the terminal is being set up with an investment of Rs 100 crore (Rs 1 billion).
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