The Enforcement Directorate on Thursday raided multiple locations in Maharashtra as part of a money laundering probe against state transport minister Anil Parab and others linked to alleged irregularities in a land deal in coastal Dapoli area of Ratnagiri district and other charges, officials said.
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.
'I have to take better care of myself.' 'I was lucky that the cancer was diagnosed at a very early stage.'
This year, festive sales are expected to push up the annual gross merchandise value of e-commerce companies to around $38 billion, a 40 per cent growth over the previous year.
Several passengers have been complaining on social media as domestic airlines have decided not to give refunds in cash for cancelled flights due to the lockdown and instead issue credit for future travel.
'India has entered an economic super-cycle driven by a housing cycle turnaround.'
Uber Technologies said it is doing a fresh round of recruitment for its India tech centres and is planning to hire 500 more tech employees by December. The app-based mobility and delivery company has a 1,000-member tech team across its centres in Hyderabad and Bengaluru. The firm said the hiring plan is a testament to Uber's commitment to India, and its recognition of the engineering talent in the country. Uber hired 250 engineers to its India teams in 2021.
The Bombay High Court on Thursday said it would hear on September 29 the plea filed by Maharashtra's former home minister Anil Deshmukh against summons issued to him by the Enforcement Directorate in a money laundering case.
The Premier League has said its clubs will consult with their players over a proposed 30% reduction in wages and the suspended season would only resume when it was "safe and appropriate". While there has been speculation about a reduced season or even abandoning this campaign, the league said it remained their aim to complete all remaining domestic league and cup matches.
'Most of the measures the finance minister announced will take effect after the lockdown.' 'By that time, millions of people will be starving.'
'We will see footfall returning to pre-COVID levels by January.'
The former minister said even days before the Centre issued guidelines and protocols in identifying and containing the disease, the state commenced its preparations to fight the possible outbreak of the disease.
The Enforcement Directorate (ED) has issued fresh summons to Shiv Sena MP Sanjay Raut asking him to appear on July 1 for questioning in a money laundering case linked to the re-development of a Mumbai 'chawl' and other related financial transactions involving his wife and friends, officials said.
The Bombay High Court on Tuesday said its division bench (comprising two judges), instead of a single-judge bench, would hear the petition filed by Maharashtra's former home minister Anil Deshmukh against the summons issued to him by the Enforcement Directorate in a money laundering case.
Experts said if the slowdown, and subsequent weakness in GST mobilisation, continued, it would curtail the Centre's resources to a considerable extent in the current financial year.
Reliance Retail Ventures Ltd has acquired a majority equity stake in digital pharma market place Netmeds for a cash consideration of around Rs 620 crore, Reliance Industries said in a late night statement on Tuesday.
S&P Global Ratings on Wednesday said Indian banks face a systemic risk as the second COVID wave will impair the performance of financial institutions in the April-September period. Stating that economic recovery remains highly vulnerable to setbacks due to COVID, particularly if fresh outbreaks trigger new lockdowns, S&P said the banking sector's weak loans will likely remain elevated at 11-12 per cent of gross loans in the next 12 to 18 months. "The second wave has front-ended weakness in asset quality," said S&P Global Ratings Credit Analyst Deepali Seth Chhabria. "Financial institutions face a strained first half amid weak collections and poor disbursements."
Remonetisation exercise will eliminate cash squeeze by April 2017
While people have paid the price for the disruption it caused, now is the time to reap its benefits, says T N Ninan.
'Companies with a strong business case and healthy balance-sheet should sail through and emerge more robust in the future.'
The income-tax department has created various functionalities under its Project Insight, which will provide the 360-degree profile of taxpayers, including new and non-filers to gauge their accountability and tax liability. The tax department had on March 15 put out instructions for tax officials for accessing the insight.
Tax sleuths have detected over Rs 52 crore of unexplained cash in jewellers' bank accounts
After a month long gap, the primary market is heading for a busy time, with five firms including Paytm parent One97 Communications and policybazaar parent PB Fintech have lined up their IPOs in the first half of November to raise over Rs 27,000 crore collectively. The other three firms whose initial share-sales are set to open are Sapphire Foods India, which operates KFC and Pizza Hut outlets, decorative aesthetics supplier SJS Enterprises and microcrystalline cellulose manufacturer Sigachi Industries. The IPOs of FSN E-Commerce Ventures Ltd, which runs online marketplace for beauty and wellness products Nykaa, and Fino Payments Bank are currently open for public subscription.
The central probe agency had filed a money laundering case to probe the deal and is carrying out the action to collect evidence under the Prevention of Money Laundering Act (PMLA), officials said.
Preetha Chaudhury, 58 from Mulund, Mumbai tells us how she, along with the help and support of her housing society is taking extra care to make the lockdown effective.
Chief statistician T C A Anant says growth figure might go up once indirect tax data is fully in, however, he agrees that private expenditure is yet to pick up
Countrywide raids are being conducted in connection with a money laundering case linked to a fertiliser scam.
'Since we defeated their evil designs on July 10, their poaching approach became more aggressive with using blackmail and money power as tools to finish off the political opposition in Goa.'
The recovered some "incriminating" documents and electronic evidence such as laptop, I-pad and mobile phones from Waze's office there, the official said.
'EV-charging is the next big opportunity after fuelling'
Finance secretary Ajay Bhushan Pandey on Sunday hinted that the government was working on another stimulus package but he refrained from giving a timeframe.
On the face of it, there could be a bump up in tax filings, but its impact on tax collections is not that straightforward
"Polling was held peacefully at the 11,697 polling booths across the state with 65.1 per cent of the electorate casting their votes till the close of polls," Chief Electoral Officer Saujanya who does not use a surname said.
The French League (LFP) will take out a state guaranteed loan to pay clubs in its top two tiers the money they would have received from television broadcasts if the season had not been abandoned due to the COVID-19 pandemic, it said on Monday.
New norms are in place to strengthen regulations for this set of lenders which has been playing a critical role in Asia's third largest economy, notes Tamal Bandyopadhyay.
'67 per cent of our transactions happen digitally and about 93 per cent of transactions happen outside the branch.' 'Despite that, there is ample scope for promoting banking-related activities in branches.' 'So, for some time, we will have to, probably, live with the same structure.'
Jaitley said future transactions would be substantially digital as India moves towards a less-cash society
The Reserve Bank on Monday superseded the boards of Srei Infrastructure Finance as well as Srei Equipment Finance, citing concerns over governance and payment defaults, and decided to refer the two NBFCs for resolution under the insolvency law. This is only the second time in as many years that the Reserve Bank of India (RBI) is referring entities for the resolution process under the Insolvency and Bankruptcy Code (IBC) after taking first ever such step in the case of DHFL back in 2019. Superseding the boards of the crisis-hit Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL), the RBI has appointed Rajneesh Sharma, former Chief General Manager of Bank of Baroda as the administrator to manage the affairs of the two companies.
The 'mystery' of the education business sale by Cox & Kings is part of an Enforcement Directorate investigation, which is also examining the siphoning-off of funds to the tune of Rs 21,000 crore to dozens of so-called related-parties, highlighted by the forensic auditor.
The government has budgeted for total expenditure of Rs 34.83 lakh crore or 6.8 per cent of GDP. While the net tax revenue rose from Rs 5,75,697 crore in October 2020 to Rs 10,53,135 crore till October 2021, a growth of 82.93 per cent annualized, total expenditure rose only by 9.95 per cent, led by infra spending to Rs 18,26,725 crore from Rs 16,61,454 crore during the same period, the RBI said in the financial stability report.
