The Central Bureau India (CBI) on Monday alleged before a special court that Essar Group of companies had created a "corporate veil".
CBI had registered a case against Tyagi along with 13 others including his cousins and European middlemen in the case.
The rise in material prices and excise duty is set to raise the prices of liquor brands across the country. According to officials of various companies, the brands will be costlier by 15-20 per cent from April.
While companies have not launched too many products in rural areas of late, easy financing has helped push up demand.
The government's plan to mop-up additional revenue from indirect tax may not materialise
Last month, India's AlcoBev industry pulled off a successful two-day showcase exhibition at the Hotel Renaissance in Powai. We got experts to show readers how they can create some mind-boggling cocktail concoctions, so watch and learn.
The income tax department estimates total collection to be between Rs 10.5 trillion and Rs 10.7 trillion against the revised target of Rs 11.7 trillion.
What was meant to be a toast to life and its many gifts suddenly became Sushant Singh Rajput's last hurrah, a this-is-it, a tearful goodbye, feels Sukanya Verma.
A change is in the wings, though perhaps not right now, for Basant Kumar Birla's Kesoram Industries. Birla, who is 90 and the chairman, says his daughter, Manjushree Khaitan, will manage Kesoram, but under his grandson, Kumar Mangalam Birla.
Along with Tyagi, his cousin Sanjiv alias Julie Tyagi and lawyer Gautam Khaitan were also arrested.
According to experts by making CSR spending mandatory, the government has made it into a statutory due like tax but with none of its democratic quality.
According to experts, this will have major impact on new investments by Chinese players in companies, such as Paytm, Ola, BigBasket, Byju's, Dream11, MakeMyTrip, and Swiggy, when they go for follow-up funding. Chinese investors, such as Alibaba, Tencent, and Xiaomi, are active in the Indian start-up space, and have collectively invested billions of dollars.
The newly-formed entity which will list on the NYSE as Eros STX Entertainment Corp, will remain listed on the New York Stock Exchange, with headquarters in both Mumbai, India, and Burbank, California, and has also got $125 million in fresh funding. The merger will not change the structure of Eros's Indian arm which is also listed on Indian stock exchanges.
Over a year after the judgement was reserved, a bench of justices G S Singhvi and S J Mukhopadhaya rejected the pleas of the telecom companies which pleaded that they be tried in a magisterial court unlike other accused in 2G cases as they have not been charged under Prevention of Corruption (PC) Act.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Tipplers will miss the usual price cuts and other freebies this Diwali as liquor makers are attempting to woo customers only through attractive packaging rather than festive season discounts. Unlike last year, major players in the Indian Made Foreign Liquor (IMFL) segment such as United Spirits, Radico Khaitan and Diageo are staying away from any price cuts and discounts, instead, they are concentrating more on attractive packaging and premium brands.
The higher than expected growth in the second quarter of 2013-14 is an indication of recovery in economy but some key sectors still need to perform better, India Inc said on Friday.
The deal that promises to make Flipkart a leading force in fashion segment - estimated at Rs 3 lakh crore - came after hectic weekend parleys.
As on March 31, 2019, while the promoter group's stake, including individual promoter shareholders as well as group investment firms, stood at 42.71 per cent, it fell to 38.39 per cent on Tuesday.
India must take urgent measures like issuing sovereign guaranteed bonds and exempting FIIs from short term capital gains tax to stem the rupee's slide, India Inc said.
An income tax tribunal held that the PoA could not be construed as an instrument of transfer concerning any right, title, or interest in the immovable property.
Bollywood gives a thumbs up to Raazi!
'People who have unaccounted money often park it in unregulated deposit schemes.' 'Curbing illegal deposit-raising activity will also carry forward the government's drive against black money.'
We aren't saying it will happen, but a sequel to Kuch Kuch Hota Hai would be interesting, na?
E-invoicing would be implemented on a voluntary basis by those having an annual turnover of above Rs 500 crore from January 1.
Birla was the chairman of Century Textiles and Industries and had been active in business since the age of 15. He was instrumental in a slew of business initiatives, starting with his stint as the chairman of Kesoram Industries.
While the new norms are part of the draft policy's guidelines to fight counterfeit and fake products on platforms, they might end up helping brands and e-commerce firms sign exclusive sale deals.
A phased roll-out of prohibition will hit revenues of companies, which get 5% of their volume sales from the state
To safeguard investor interest, stock exchanges BSE and NSE on Wednesday advised their members to take extra caution while trading in nearly 400 illiquid stocks.
'The biggest tip my mother gave me was to work hard and be true to yourself.' Janhvi Kapoor gets ready for her big launch Dhadak with Ishaan Khatter by her side.
The hits and misses of the week.
The hits and misses of the week.
The ministry said some urgent amendments are not there in the ordinance but are required for strengthening the corporate governance
Box Office: Vishwaroop II is a disaster
Since its rollout 13 months ago, the new indirect tax has yielded Rs 1 trillion only in in April 2018
According to property consultancy firm Knight Frank, only 19 states and UTs have a functional portal in place, that too with a lot of information dissymmetry across data points
The probe agency sought nine days further remand of Michel for his custodial interrogation saying he was not cooperating in the investigation of the case.
Jewellers initially feared the ban applied on them, too. However, after discontinuing their monthly schemes for almost two weeks, they've started accepting deposits again.
