A whopping Rs 62,476 crore has been "illegally" transferred by smartphone maker Vivo to China in order to avoid payment of taxes in India, the Enforcement Directorate said Thursday, as it claimed to have busted a major money laundering racket involving Chinese nationals and multiple Indian companies. This money is almost half of Vivo's turnover of Rs 1,25,185 crore, it said without stating the time period of the transaction. The crackdown on the leading Chinese company came after the federal probe agency found that three Chinese nationals, all of whom "left" India during 2018-21, and one other person from that country incorporated as many as 23 companies in India in which they were also helped by a Chartered Accountant, Nitin Garg.
Sri Lankan police on Monday came under pressure to arrest the Rajapaksa family loyalists involved in attacks on peaceful protesters last week, even as it arrested over 200 people on various charges following the violence that left nine people dead.
'The Khalistanis get bulk of the money from abroad.' 'Where did Amritpal's Mercedes come from, which costs well over Rs 60 lakhs?' 'Where does his fleet of vehicles come from?' 'Local Punjabis can certainly not contribute this kind of money.'
Nasper-backed fintech firm PayU has started talks to acquire domestic payment gateway major BillDesk, and the deal size could be in the range of $3-4 billion, sources in the know said. "BillDesk has been open to being acquired for some time now, but in the past the valuations that the company was seeking proved to be a hurdle," said a source. "Three years ago too, PayU had approached BillDesk for an acquisition, but things didn't go ahead due to high valuations. "BillDesk had asked for $2-billion value then," said the source.
In the early part of 1800, a 30-acre plot next to Fort Gloster on the banks of river Hooghly in Howrah district of Bengal was the nerve centre of industrial activity; it housed India's first steam-powered cotton mill, Bowreah Mills, which was set up by a British merchant and went on to become a hub of factories - a rum distillery, foundry, cotton yarn factory, an oil mill and a paper mill, et al. Spearheaded by Dwarkanath Tagore, the industrialist grandfather of Rabindranath Tagore, the commercial complex was possibly the first of its kind in the country. Close to 200 years later, after much ebb and flow of history, the hub is set for a resurgence of sorts.
The Enforcement Directorate (ED) on Friday carried out simultaneous raids at the houses of around a dozen people, including two ministers, in connection with its investigation into the teacher recruitment scam and seized huge amounts of cash.
The investigating officer of the Delhi police, in the remand application, had sought custodial interrogation of the accused saying it was required to identify the persons to whom the alleged siphoned off money was transferred and to ascertain the purpose of creating the shell companies.
Mapusa police has filed a charge sheet against former Goa Cricket Association President Dayanand Narvekar for allegedly forging his son's birth certificate.
What happens when two former ministers go up against each other? No sparks fly, reports A Ganesh Nadar from the Arakkonam Lok Sabha constituency in Tamil Nadu, but it is the summer heat that has the last word on the campaign.
Nine seats have been proposed for STs and seven for SCs in Jammu and Kashmir, sources said. This is the first time that seats have been proposed for STs in Jammu and Kashmir, they said.
The launch of a new party by former Karnataka minister and mining baron G Janardhana Reddy has spiced up the poll scene in parts of state.
'Who would think of making a bank of poor women? She had vision and boldness.'
The second phase of IPL 2021 will feature a Singapore cricketer for the first time with Royal Challengers Bangalore bringing in T20 specialist Tim David, who has made a name for himself in the leagues around the world.
News of all that's transpired on and off the football field
Venkataraman Krishnamurthy, who is considered as the turnaround man of several Indian corporate houses like BHEL, Maruti Udyog, SAIL and Gail (India), passed away on Sunday at the age of 97. Krishnamurthy is considered as "the father of public sector undertakings in India" by many in India Inc. Born in the temple town of Tamil Nadu's Karuveli, he started his career as an airfield technician during the Second World War.
Kumar, a former minister in the Arvind Kejriwal government, was sacked from the party last year over a sex tape purportedly featuring him.
Don't run IOA office as one-man show, IOA secretary Rajeev Mehta tells chief Narinder Batra in a stinging letter.
Uttarakhand Director-General of Police Ashok Kumar informed that 168 people are still missing following the glacier burst.
The probe agency sought to intervene in a plea of Chandrashekhar, who is lodged in Tihar jail on charges of money laundering and duping several people, and his wife seeking their transfer to a prison outside Delhi alleging threat to their lives from jail staff.
"Several (Congress) meetings happened, but not even a single suggestion was taken," Azad said.
However, the severity of illness is likely to be much lower, according to a study.
The latest allegation of rape was levelled against Akbar by Pallavi Gogoi, chief business editor of National Public Radio, a Washington-based American media organisation, who has detailed the "most painful memories" of her life in an article in The Washington Post.
A group of retired civil servants also called upon the PM to reach out to the families of the victims in Unnao and Kathua and "seek their forgiveness on behalf of all of us".
Pournima Zanane had been suffering from cancer for the past two years and also underwent extensive treatment for the same.
As far as Hindus are concerned, the eclipse of Wokeism cannot come any sooner, says Rajeev Srinivasan.
Neelabh Mishra had earlier been editor of Outlook Hindi and has done extensive work in areas of research and documentation including for the Right to Information movement.
Global soccer body FIFA's Appeal Committee on Friday rejected an appeal by former German Football Association President Wolfgang Niersbach, maintaining a one-year ban imposed in July.
For the first time, Akhilesh is leading the SP almost single-handed into a major election, but he is not the only one running the show Shikha Shalini reports.
Within a few hours of Nitish Kumar leaving the NDA, entirely reasonable people were speculating as to how the CBI or ED could be used against him or his party, notes Mihir S Sharma.
The family members of 26 people from Madhya Pradesh, who were killed in the Uttarakhand accident, cannot believe that the pilgrimage met with a tragic end.
As Azad ended his decades-old association with the party, leaders across political spectrum praised his contribution to Jammu and Kashmir, with the BJP hailing him as a "towering leader".
Disgraced long-time USA Gymnastics team doctor Larry Nassar was sentenced on Wednesday to 40 to 175 years in prison for molesting young female gymnasts, following days of wrenching testimony from about 160 of his victims, including Olympic medallists.
World soccer's governing body FIFA has hired a former New York prosecutor to represent it as senior officials face bribery and corruption charges in a US court, a person familiar with the matter said.
The legendary Bhaichung Bhutia on Friday filed his nomination for the president's post in the upcoming AIFF elections but getting through won't be easy for the former footballer as several candidates with political affiliations have also thrown their hats in the ring.
According to the orders of the commission, set up under the Jammu and Kashmir Reorganisation Act of 2019, the Union territory will have 90 assembly constituencies -- 43 in Jammu Division and 47 in Kashmir -- with nine of them being reserved for the Scheduled Tribes.
Ghosh, 43, will be reporting to 25-year-old Ritesh Agarwal, who founded OYO with a single hotel in 2013.
Chirag and Ketan asked Hardik to stop 'boasting' only about his 'imprisonment' or else they would reveal some of the 'darkest secrets' related to the agitation.
'We know that our Indian partners are committed to that rules-based international order. There are any number of tenets in that order. One of them is that borders cannot be redrawn by force'
For the past five months, ever since he was appointed the Ayushman CEO, Indu Bhushan, a former bureaucrat, has made Nirman Bhawan his second home, working nine to nine with his "dedicated team" on the Modi government's biggest initiative after the Goods and Services Tax, says Nivedita Mookerji.
'How can someone who has never been associated with the movement and never had darshan of Ram Lalla mediate on the matter of temple construction? We have gone to jail for it, faced house arrest and have been fighting court cases. Sri Sri does not qualify to mediate on the matter.'
