News for 'Customs'

Unitech Reports Rs 441 Crore Net Loss For March Quarter

Unitech Reports Rs 441 Crore Net Loss For March Quarter

Rediff.com28 May 2026

Realty firm Unitech Ltd reported a consolidated net loss of Rs 441 crore for the quarter ended March 2026, compared to a net loss of Rs 309.95 crore in the year-ago period. The company faces a cash crunch and delays in housing projects, affecting around 22,000 customers.

Govt restricts bulk petrol, diesel purchases from retail pumps

Govt restricts bulk petrol, diesel purchases from retail pumps

Rediff.com12 Jun 2026

The Indian government has restricted industrial, commercial, and institutional users from purchasing petrol and diesel from retail petrol pumps, directing them to bulk sale points instead. This move, which can last up to 90 days, aims to address abnormal demand growth and prevent localised shortages caused by a significant price difference between retail and bulk fuel prices.

Titan's expansion plans earn glittering outlook

Titan's expansion plans earn glittering outlook

Rediff.com6 Jun 2026

Titan Company's ambitious roadmap to achieve a 20 per cent revenue compound annual growth rate (CAGR) by financial year 2030 (FY30) has garnered a positive outlook from analysts, who highlight the company's strong brand, sourcing capabilities, and diversified portfolio as key strengths.

Hyderabad Police Busts International 'OG Ganja' Smuggling Network

Hyderabad Police Busts International 'OG Ganja' Smuggling Network

Rediff.com9 Jun 2026

Telangana's EAGLE Force, in coordination with Customs and NCB, has dismantled an international 'OG Ganja' smuggling ring operating between Bangkok and India. The operation led to the arrest of a woman junior artist and the seizure of 2.15 kg of cannabis, exposing a larger syndicate that exploits vulnerable women as drug carriers.

Anupam Rasayan Pioneers ETFA Production With Innovative Chemistry Platform

Anupam Rasayan Pioneers ETFA Production With Innovative Chemistry Platform

Rediff.com12 Jun 2026

Specialty chemicals maker Anupam Rasayan India Ltd has become the first company globally to commercialise Ethyl trifluoroacetate (ETFA) production using its proprietary continuous flow chemistry platform. This innovative technology offers significant advantages over traditional methods, and ETFA is a crucial component for pharmaceuticals, life sciences, and performance materials, with a global market estimated at USD 500-600 million.

BMW has maxi plans for Mini Cooper, drive into Tier 2 markets

BMW has maxi plans for Mini Cooper, drive into Tier 2 markets

Rediff.com13 Jun 2026

The luxury carmaker plans to drive growth through local assembly of the MINI Countryman, expansion into 10 new cities and a broader product portfolio.

Uttar Pradesh Man Arrested With Marijuana At Ahmedabad Airport

Uttar Pradesh Man Arrested With Marijuana At Ahmedabad Airport

Rediff.com22 May 2026

A man from Uttar Pradesh was arrested at Ahmedabad airport for allegedly possessing over 20 kg of marijuana after arriving from Bangkok.

Lava Bold N2 5G Now On Sale

Lava Bold N2 5G Now On Sale

Rediff.com11 Jun 2026

The Lava Bold N2 5G has gone on sale in India, just a few days after making its debut on June 3, 2026.

SBI Chief Setty backs RBI rate pause, urges focus on India's long-term growth story

SBI Chief Setty backs RBI rate pause, urges focus on India's long-term growth story

Rediff.com4 Jun 2026

State Bank of India Chairman C S Setty has expressed support for a 'pause' in policy rates by the Reserve Bank of India's monetary policy committee, believing it will help stabilise conditions and support economic growth. He also urged investors to look beyond short-term equity market movements and focus on India's structural transformation, driven by reforms and digital infrastructure.

Credit card adoption rises in Tier-II, -III cities

Credit card adoption rises in Tier-II, -III cities

Rediff.com20 May 2026

Credit card adoption is rapidly expanding beyond India's major metropolitan areas into Tier-II and Tier-III cities, driven by increasing incomes, digital awareness, and the integration of RuPay credit cards with UPI, according to a new report by SBI Card.

Indian-Origin Man Held At Delhi Airport For Gold Smuggling

Indian-Origin Man Held At Delhi Airport For Gold Smuggling

Rediff.com16 May 2026

Customs officials at Delhi airport seized 115 smuggled gold bars weighing 3.5 kg from an American national of Indian origin, who allegedly concealed the contraband in a specially designed belt.

Rs 48 Crore Hydroponic Weed Seized At Delhi Airport

Rs 48 Crore Hydroponic Weed Seized At Delhi Airport

Rediff.com23 May 2026

Customs officials at Delhi's Indira Gandhi International Airport seized approximately Rs 48 crore worth of hydroponic weed from two Thai nationals arriving from Bangkok.

The Last Trip With My Father

The Last Trip With My Father

Rediff.com26 Jun 2026

At Kolga Aabla, the closest beach to her grandmother's home, at the edge of a birch forest, we immersed her balance ashes. It was a sombre, precious day for both of us. But a day that also brought long-needed closure. My mother's spirit, chained for so many years in a Parkinson's-locked body, was free. But my father came back from the beach a visibly older man.

Bank Must Pay For ATM Failure: Consumer Court

Bank Must Pay For ATM Failure: Consumer Court

Rediff.com23 May 2026

A consumer court in New Delhi has directed the Bank of India to refund Rs 10,000 to a woman and provide additional compensation for a failed ATM transaction that was not reversed for several months, citing deficiency in service and violation of RBI guidelines.

Jio Platforms set for mega IPO of 27 crore equity shares; eyes 5G, AI expansion

Jio Platforms set for mega IPO of 27 crore equity shares; eyes 5G, AI expansion

Rediff.com19 Jun 2026

Jio Platforms Ltd, the digital and telecommunications arm of Reliance Industries, has approved filing draft papers for an initial public offering (IPO) involving a fresh issue of up to 27 crore equity shares, aiming to unlock value for shareholders and fuel its ambitious expansion into 5G, AI, and global markets.

Will Budget 2026 Fix The Customs-FTA Disconnect?

Will Budget 2026 Fix The Customs-FTA Disconnect?

Rediff.com31 Jan 2026

Customs regimes can lead to labyrinthine legal disputes. Budget 2026 must recognise that an excessively defensive Customs posture can itself become a trade barrier, point out Mukesh Butani and Shankey Agrawal.

Mumbai grinds to a halt as BEST strike pulls 2,700 buses off roads

Mumbai grinds to a halt as BEST strike pulls 2,700 buses off roads

Rediff.com19 Jun 2026

Employees of Mumbai's BEST undertaking have launched an indefinite strike, severely impacting public transport and electricity services. The strike, called by a joint action committee, demands budget merger with BMC, settlement of dues, and implementation of the Seventh Pay Commission, among other issues. Despite court orders and MESMA invocation, the strike continues, causing widespread inconvenience to millions of commuters and electricity consumers.

Brazen Daylight Murder: Masked Gunmen Kill Pharmacy Cashier In Chandigarh

Brazen Daylight Murder: Masked Gunmen Kill Pharmacy Cashier In Chandigarh

Rediff.com13 Jun 2026

Two masked men shot dead a 45-year-old pharmacy cashier, Janki Das, in broad daylight in Chandigarh's Sector 11. The assailants fired multiple rounds before fleeing on a motorcycle with a third accomplice. Police are investigating all angles, including potential extortion or gangster involvement, though the shop owner reported no threats.

Delhi Police Uncover Major Fake Helicopter Booking Scam Targeting Pilgrims

Delhi Police Uncover Major Fake Helicopter Booking Scam Targeting Pilgrims

Rediff.com11 Jun 2026

Delhi Police have arrested three individuals, including a B.Tech student, for allegedly operating fake helicopter booking websites that defrauded pilgrims across India. The accused created fraudulent sites impersonating legitimate travel platforms, luring customers with online ads, and are linked to nearly 30 complaints totalling Rs 10 lakh in fraud.

Haryana Police Busts Fake Call Centre Defrauding US Citizens

Haryana Police Busts Fake Call Centre Defrauding US Citizens

Rediff.com3 Jun 2026

Haryana Police have dismantled a fraudulent international call centre in Panchkula, arresting 21 individuals involved in scamming US citizens by impersonating employees of a major e-commerce company.

Like Aishwarya Rai Bachchan's Cannes 2026 Gown?

Like Aishwarya Rai Bachchan's Cannes 2026 Gown?

Rediff.com23 May 2026

Aishwarya Rai Bachchan made a stunning appearance at Cannes 2026 in an exquisite custom sculptural gown by Designer Amit Aggarwal.

Gujarat man urges govt not to deport his Bangladeshi-born wife, says...

Gujarat man urges govt not to deport his Bangladeshi-born wife, says...

Rediff.com14 Jun 2026

A man from Gujarat's Anand district has urged the state government not to deport his Bangladeshi-born wife, claiming that she had embraced Hinduism and that her life could be at risk if she is sent back to her native country.

Maa Behen Recipe: Kadaknath Chicken Masala

Maa Behen Recipe: Kadaknath Chicken Masala

Rediff.com11 Jun 2026

With its high iron content, unique black colour, intense flavour profile, Kadaknath chicken is sought after by chefs and gourmands alike.

Haryana Police Busts Fake Call Centre Defrauding US Citizens

Haryana Police Busts Fake Call Centre Defrauding US Citizens

Rediff.com3 Jun 2026

Haryana Police busted a fake international call centre in Panchkula, arresting 21 individuals for defrauding US citizens by posing as employees of a leading e-commerce company.

Flesh Trade Racket Busted At Thane Spa; Five Women Rescued

Flesh Trade Racket Busted At Thane Spa; Five Women Rescued

Rediff.com27 May 2026

Police in Thane, Maharashtra, have dismantled a flesh trade operation disguised as a health spa, rescuing five women and arresting one woman involved in the racket.

How India Is Becoming A Global Leader In Enterprise AI Adoption

How India Is Becoming A Global Leader In Enterprise AI Adoption

Rediff.com12 Jun 2026

A SAP study reveals that Indian enterprises are rapidly moving from AI experimentation to value-driven implementation, positioning India as a global leader in enterprise AI adoption. Indian organisations plan significant investments in AI, with projected fivefold growth in Agentic AI returns and a high percentage of businesses having defined AI strategies and dedicated AI leaders.

DU Student Arrested For Supplying Hydroponic Marijuana To College Students

DU Student Arrested For Supplying Hydroponic Marijuana To College Students

Rediff.com9 Jun 2026

A 22-year-old Delhi University student was arrested in north Delhi with 195 grams of hydroponic marijuana, valued at Rs 20 lakh. He allegedly supplied the drug, known as OG, to college students to fund a lavish lifestyle. Police are investigating the supply chain.

Someone Else Owns India's Off Switch

Someone Else Owns India's Off Switch

Rediff.com17 Jun 2026

A sovereign cloud, our own DNS root and Root CA, a defence-led research base that builds for keeps, and a real national cybersecurity strategy that outlives electoral cycles are not vanity projects. They are the difference between a nation that can be switched off and one that cannot, points out Venkata Satish Guttula.

Assess Mythos Threat By June 30: RBI To Banks

Assess Mythos Threat By June 30: RBI To Banks

Rediff.com17 Jun 2026

'...A new challenge has emerged in the form of Mythos.'

'India Is At The Tipping Point...'

'India Is At The Tipping Point...'

Rediff.com13 Jun 2026

'...when it is going to start witnessing a hockey stick growth in terms of music streaming and paid music streaming.'

Like Mouni Roy's Vibrant Gown At Cannes? VOTE!

Like Mouni Roy's Vibrant Gown At Cannes? VOTE!

Rediff.com20 May 2026

Mouni Roy made a striking style statement at Cannes in a custom-made blue gown inspired by the intricate Patola weaving style from Gujarat.

Crisil: Gold Jewellery Sales Volume to Drop 13-15% in FY27 Amid High Prices, Duty Hike

Crisil: Gold Jewellery Sales Volume to Drop 13-15% in FY27 Amid High Prices, Duty Hike

Rediff.com22 May 2026

India's organised gold jewellery retail sector is projected to experience a 13-15 per cent year-on-year decline in sales volumes this fiscal, following an 8 per cent drop last year, due to elevated gold prices and a recent import duty hike, according to a Crisil report.

ED probes 5,300 Indian SIMs used in Cambodia-based cyber fraud

ED probes 5,300 Indian SIMs used in Cambodia-based cyber fraud

Rediff.com8 Jun 2026

The Enforcement Directorate is investigating a large-scale cyber fraud operation involving 5,300 Indian SIM cards used from Cambodia by a Malaysian national-led gang, duping people of hundreds of crores. The probe follows raids in Rajasthan and Punjab, identifying 30 bank accounts linked to the fraud.

RIL Flags 'Extreme Volatility' Risks from West Asia Conflict, Silent on Jio IPO

RIL Flags 'Extreme Volatility' Risks from West Asia Conflict, Silent on Jio IPO

Rediff.com5 Jun 2026

Reliance Industries Ltd (RIL) has expressed caution regarding 'extreme volatility' risks stemming from the West Asian conflict, which could impact global oil demand and the company's margins, while also noting that near-term retail consumption demand may remain sensitive to macro conditions. Chairman Mukesh Ambani, in the annual report, remained silent on the timeline for Jio Platforms' anticipated public listing, stating the group will 'continue to evaluate strategic pathways'.

Sanjiv Bajaj: 'Fortunately, We've More Companies Than Family Members'

Sanjiv Bajaj: 'Fortunately, We've More Companies Than Family Members'

Rediff.com23 May 2026

'We strongly believe that anyone with capability and a strong work ethic should have a chance at the top job.'

Iraq striker Hussein questioned for hours on arrival in US for FIFA World Cup

Iraq striker Hussein questioned for hours on arrival in US for FIFA World Cup

Rediff.com6 Jun 2026

Iraq striker Aymen Hussein was questioned for nearly seven hours at Chicago's O'Hare Airport before being allowed into the United States, while the team's photographer was denied entry ahead of the FIFA World Cup.

How DRI Uncovered A Rs 5 Crore Gold Smuggling Syndicate

How DRI Uncovered A Rs 5 Crore Gold Smuggling Syndicate

Rediff.com7 Jun 2026

The Directorate of Revenue Intelligence (DRI) has dismantled a major gold-smuggling syndicate at Chhatrapati Shivaji Maharaj International Airport, seizing 3.2 kg of gold worth Rs 5 crore. Seven individuals, including Bangladeshi and Sri Lankan nationals and three airport staff, have been arrested in connection with "Operation Golden Nexus."

Carmakers seek govt help to trace old vehicles for recycling

Carmakers seek govt help to trace old vehicles for recycling

Rediff.com17 Jun 2026

Automobile manufacturers have informed NITI Aayog that they face significant challenges in tracing 20-25-year-old vehicles due to multiple ownership changes, hindering their ability to meet Extended Producer Responsibility (EPR) targets for end-of-life vehicles (ELVs). They are seeking government support, including access to updated Vahan registration records, to locate these vehicles and encourage owners to use authorised scrapping centres.

RBI Simplifies Outward Remittance Rules For Non-Bank Entities

RBI Simplifies Outward Remittance Rules For Non-Bank Entities

Rediff.com13 May 2026

The Reserve Bank of India (RBI) has removed the prior approval requirement for non-bank entities to form tie-up arrangements for facilitating outward remittance services through banks in India, aiming to streamline the process and enhance efficiency.

Bharti Airtel's Q4 net profit drops 33.5% to Rs 7,325 crore due to one-time provisions

Bharti Airtel's Q4 net profit drops 33.5% to Rs 7,325 crore due to one-time provisions

Rediff.com13 May 2026

Bharti Airtel reported a 33.5 per cent decline in consolidated net profit to Rs 7,325 crore for the March 2026 quarter, primarily attributed to one-time provisions for statutory and tax liabilities.