News for 'Financial Intelligence Unit'

ITC chairman questions NGO funding

ITC chairman questions NGO funding

Rediff.com1 Aug 2015

Deveshwar wondered whether the countries FUNDING the anti-smoking NGOs had pictorial warnings.

How Chidambaram plans to check tax evasion

How Chidambaram plans to check tax evasion

Rediff.com12 Dec 2013

The intelligence wing of Central Board of Excise and Customs has 532 officers and staff, he said, adding, the staff strength of DRI will double when cadre review is completely rolled out.

TCS says IT cos not yet out of woods; Q2 net profit up 9%

TCS says IT cos not yet out of woods; Q2 net profit up 9%

Rediff.com11 Oct 2023

The country's largest software company Tata Consultancy Services (TCS) on Wednesday said its net profit increased 8.7 per cent year-on-year to Rs 11,342 crore in the September 2023 quarter. The Tata Group flagship had reported a net profit of Rs 10,431 crore in the year-ago period.

Atmanirbharta Complicates India-US Arms Deals

Atmanirbharta Complicates India-US Arms Deals

Rediff.com17 Feb 2024

Indian policymakers must realise that in buying small quantities of equipment, it becomes hard to start manufacturing them in India, explains Ajai Shukla.

Mauritius tightens norms to avoid money laundering in India

Mauritius tightens norms to avoid money laundering in India

Rediff.com25 Dec 2013

Long accused of being a route for avoiding taxes for foreign investments into India, Mauritius says it has put additional safeguards in place to thwart such wrong perceptions and to boost its image as a preferred global financial centre.

Most competitive cities in the world

Most competitive cities in the world

Rediff.com22 Mar 2012

There is no doubt that competition is increasing the world over, but there are cities that are more competitive than others.

Hindujas sell health care unit to Baring Private Equity for $1.2 billion

Hindujas sell health care unit to Baring Private Equity for $1.2 billion

Rediff.com11 Aug 2021

Hinduja Group's business process management entity, Hinduja Global Solutions Limited (HGS) said on Wednesday that it has entered into definitive agreements to divest its Healthcare Services business to funds affiliated with Baring Private Equity Asia (BPEA), at an enterprise value of $1.2 bilion. The deal is subject to closing adjustments, and is expected to complete within 90 days, subject to shareholder and other regulatory approvals. "The cash that will come in as a result of this transaction will be deployed to growing the business as well as looking at buying some capabilities...where capabilities are important for being able to do a good job of customer experience transformation.

HDFC Bank, 2 PSBs fined for regulatory lapses

HDFC Bank, 2 PSBs fined for regulatory lapses

Rediff.com25 Jul 2016

Reserve Bank carried out the investigation and noted the deficiencies which were reflective of weaknesses and failures in internal control mechanisms

'Wrong to allege ED is politically motivated'

'Wrong to allege ED is politically motivated'

Rediff.com11 Apr 2022

'Whatever ED officers do -- issue summons, conduct searches or arrest a person -- they have to face the courts.'

RBI doubles pre-paid card limit to Rs 1 lakh

RBI doubles pre-paid card limit to Rs 1 lakh

Rediff.com3 Dec 2014

The cards should be issued strictly for use in India and transactions settled in Indian rupee.

'Financial crisis bigger threat than Al Qaeda'

'Financial crisis bigger threat than Al Qaeda'

Rediff.com15 Feb 2009

The plunging global economy is an even bigger threat to the United States' national security than the al Qaeda terrorist network or proliferation of weapons of mass destruction, according to America's new intelligence czar.Traditionally, US intelligence chiefs always preface their opening remarks with either terrorist or nuclear proliferation threats, but DenisBlair's first sentences in his testimony before the US Senate Select Committee on Intelligence was about the economy.

Centre issues notices to all those named in Panama Papers

Centre issues notices to all those named in Panama Papers

Rediff.com29 Apr 2016

The Income Tax department has sent a detailed questionnaire to about 50 individuals and entities figuring in the list of those allegedly holding offshore assets in tax havens.

Be money smart when you are young

Be money smart when you are young

Rediff.com18 Jul 2006

Financial planner Gaurav Mashruwala helps a young Get Ahead reader get financially set for the future.

Mumbai world's 2nd least expensive city, Delhi 4th

Mumbai world's 2nd least expensive city, Delhi 4th

Rediff.com16 Feb 2012

As per the worldwide 'cost of living' survey by Economist Intelligence Unit, Mumbai is the second least expensive city globally, while New Delhi is ranked fourth.

Blackmoney SIT reviews IPL, Lalit Modi cases; seeks more updates

Blackmoney SIT reviews IPL, Lalit Modi cases; seeks more updates

Rediff.com23 Jun 2015

The SIT on black money on Tuesday sought update from multiple probe agencies on the role of Lalit Modi in alleged financial irregularities in the T-20 cricket tournament.

'Taliban's Sindh unit attacked Karachi dockyard'

'Taliban's Sindh unit attacked Karachi dockyard'

Rediff.com15 Sep 2014

Pakistani Taliban's Sindh unit, which had penetrated into various departments of the provincial government, was involved in a foiled terror attack at a Naval dockyard in Karachi in the country's financial capital.

Asia's top M&A targets: India, China

Asia's top M&A targets: India, China

Rediff.com23 May 2007

China and India are Asia's top two targets for merger and acquisitions in the financial services space.

India No. 1 in inflow, outflow of expat executives

India No. 1 in inflow, outflow of expat executives

Rediff.com17 Sep 2010

India ranks number one among all countries in respect of both the inflow and outflow of expatriate executives, according to a survey of global firms conducted by leading financial journal The Economist.

CEOs not best source to know firms' health

CEOs not best source to know firms' health

Rediff.com4 Apr 2007

What can be the easiest and best way to know a company inside out? Those saying 'befriending the company's Chief Executive Officer' might be in for a shock as a survey has found that most CEOs are in the dark about the health of their companies.

FMCG supply gridlock: Demand falls, inventory adds up

FMCG supply gridlock: Demand falls, inventory adds up

Rediff.com22 Nov 2023

The supply chain for fast-moving consumer goods (FMCG) companies is seeing congestion due to persistently low demand. This has led to an increase in inventory days, with stocks accumulating at distributors and compelling them to extend higher credit periods to retailers. Distributors, Business Standard spoke to, revealed that demand inventory days have more than doubled in some cases, forcing them to offer credit terms as long as 45 days to retailers, as consumer offtake continues to face pressure.

Axis Bank dismisses 24 staffers, suspends 50 accounts

Axis Bank dismisses 24 staffers, suspends 50 accounts

Rediff.com16 Dec 2016

Axis Bank dismisses 24 staffers, suspends 50 accounts after I-T raids

I-T recovers Rs 1.64 cr, pens worth Rs 50 lakh from UP IAS officer

I-T recovers Rs 1.64 cr, pens worth Rs 50 lakh from UP IAS officer

Rediff.com13 Mar 2019

4 luxury SUVs and documents indicating 'benami' assets of Rs 300 crore have been recovered during income tax raids.

'Fake TRPs' case: Republic TV CFO doesn't appear before cops

'Fake TRPs' case: Republic TV CFO doesn't appear before cops

Rediff.com10 Oct 2020

Despite summons, Republic TV's chief financial officer (CFO) did not appear before the Mumbai police on Saturday to record his statement in connection with the TRP manipulation racket, saying the channel has approached the Supreme Court in the case, a senior official said.

Biggest perpetrator of terrorism: India slams Pak at UN

Biggest perpetrator of terrorism: India slams Pak at UN

Rediff.com7 Oct 2021

"We call on Pakistan to stop cleansing their own minorities including Hindus, Christians, Sikhs, Buddhists and others," Bhat said.

Here is how US media covered Modi's maiden state visit

Here is how US media covered Modi's maiden state visit

Rediff.com23 Jun 2023

In a full-page coverage inside The Washington Post, the paper notes 'In Prime Minister's address before Congress, Modi puts his focus on growth.'

Budget: FM may announce policy to combat black money

Budget: FM may announce policy to combat black money

Rediff.com23 Feb 2015

PAN could be used by the probe agencies.

Is it time to end a 150-year-old tradition and move to a Jan-Dec financial year?

Is it time to end a 150-year-old tradition and move to a Jan-Dec financial year?

Rediff.com22 Dec 2016

The most serious recommendations to change the financial year came in the years preceded by deficient rainfall. The Jha committee was formed after droughts in 1979-80 and 1982-83, reports Rishika Pardikar/IndiaSpend.

Pak Army Chief Is In No Mood To Forgive Imran Khan

Pak Army Chief Is In No Mood To Forgive Imran Khan

Rediff.com6 Mar 2023

The military establishment is in no mood to forgive or forget Imran's anti-military utterances, observes Rana Banerji, who headed the Pakistan desk at RAW, India's external intelligence agency.

Google to set up AI research unit in Bengaluru

Google to set up AI research unit in Bengaluru

Rediff.com19 Sep 2019

Apart from the Google team led by AI scientist Manish Gupta, the company will also partner with the research community across the country to focus on tackling challenges in fields like healthcare, agriculture, and education.

GST authorities quiz auto dealers on fake invoicing

GST authorities quiz auto dealers on fake invoicing

Rediff.com26 Apr 2023

Expanding investigation into allegedly wrongful claims of input tax credit by insurance companies, the tax authorities are probing a section of automobile dealers who have supposedly generated fake invoices without providing any service, which is a punishable offence under goods and services tax (GST) law. The authorities are learnt to have questioned the car dealers to explain the services they provided general insurance companies. The investigators suspect car dealers pitched for insurance schemes that give them commissions in excess of those insurance regulations permit.

Pakistan's new Army chief oversaw attack on CRPF convoy in Pulwama

Pakistan's new Army chief oversaw attack on CRPF convoy in Pulwama

Rediff.com24 Nov 2022

Munir was among those in Pakistan who oversaw the 2019 Pulwama terror attack, according to Tilak Devasher, a member of the National Security Advisory Board (NSAB) and who retired as Special Secretary, Cabinet Secretariat.

India, Qatar ink 7 agreements to boost cooperation

India, Qatar ink 7 agreements to boost cooperation

Rediff.com5 Jun 2016

Official talks were held between Modi and Seikh Tamim for multi-sectoral partnership and strengthening of Indo-Qatar ties following which the agreements and Memorandums of Understanding were signed on the second day of the Prime Minister's visit.

SIT on black money to hold first meet on Monday

SIT on black money to hold first meet on Monday

Rediff.com1 Jun 2014

The first high-level meeting of the Special Investigation Team on the issue of black money and special probe into cases of unaccounted funds stashed away abroad by Indians will be held in New Delhi on Monday.

I-T dept starts analysing deposits post note ban

I-T dept starts analysing deposits post note ban

Rediff.com28 Dec 2016

The Income Tax department has begun the process to examine bank deposits and transactions to check possible black money instances and said once the last opportunity to declare funds in old notes under the PMGKY scheme ends it will be very tough for hoarders.

CBI may probe tax evasion by Haryana builders

CBI may probe tax evasion by Haryana builders

Rediff.com15 Apr 2016

These builders had collected the taxes from prospective buyers but had failed to deposit them.

Margins remain a pain point for organised FMCG supply-chain companies

Margins remain a pain point for organised FMCG supply-chain companies

Rediff.com16 Jun 2023

Jiomart B2B is the latest among organised supply-chain companies to bite the bullet, shutting down its warehouses, and asking its employees to leave. Why are companies finding it difficult to sustain the supply-chain business? Experts point out that gross margins in supplying fast-moving consumer goods (FMCGs) are very low.

How Taliban's funding continued over 20 years

How Taliban's funding continued over 20 years

Rediff.com9 Sep 2021

In fact, the Taliban apparently collects about 10 per cent as cultivation tax from opium farmers and 15 per cent as heroin tax from laboratories and smugglers that smuggle narcotics into Pakistan. This, by itself, is a revenue stream estimated at USD 250-300 million.

Is Technology Important In Banking?

Is Technology Important In Banking?

Rediff.com14 Mar 2024

'Just the amount of work which is there just to become more and more successful in banking. For this to happen you need to have leaders who understand technology.'

Why short-term boost is NOT likely for auto stocks

Why short-term boost is NOT likely for auto stocks

Rediff.com19 Jan 2023

Auto Expo 2023 may not trigger a fresh rally in automobile stocks, say analysts, as this year's edition lacks participation from major listed players. It is also owing to the focus on electric vehicles (EVs), a segment where four-wheelers have minuscule market share. "In the passenger vehicles (PV) segment, Maruti Suzuki India and Tata Motors are the only listed players.

Over Rs 80,00,00,00,000 blackmoney brought under tax ambit: Centre to SC

Over Rs 80,00,00,00,000 blackmoney brought under tax ambit: Centre to SC

Rediff.com3 Oct 2016

About Rs 1,282 crore has been levied as tax in 159 cases pertaining to concealment of tax due to the government