Their bank accounts have been frozen. State governments have been told to restrict sales and transfers of real estate assets these companies own.
Veena Mani reports.
'If my understanding is correct, one has to file not less than 37 returns per year for every ordinary business, and that too per state.' 'If you are doing businesses in Chennai, Bangalore and Hyderabad, you have to file 37x3 returns every year!' 'The consequence of GST will be chaos, confusion and possibly economic crisis.'
Prime Minister Narendra Modi hailed the passage of bills as a "momentous occasion" in parliamentary democracy and said a new dawn awaits the people there as they are now free from the "shackles" of vested interest groups.
Finance Minister Nirmala Sitharaman on Monday presented the Budget for 2021-22 in the Lok Sabha that is expected to provide relief to the pandemic-hit common man as well as focus more on driving economic recovery through higher spending on healthcare, infrastructure and defence amid rising tensions with neighbours, As India emerges from the COVID-19 crisis, the ninth Budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.
StanChart India CEO Zarin Daruwala is building a culture of 'celebrating liabilities,' the tough negotiator tells Niraj Bhatt and Anup Roy over lunch.
'Mr Kejriwal has played it cool in distancing himself from Delhi's hotspots, adroitly pandering to the BJP's Hindu vote.' 'He neither visited the scene of JNU violence nor has he dropped by at Shaheen Bagh,' notes Sunil Sethi.
Senior party leader Ghulam Nabi Azad said her condition was "stable" after she suffered a bout of "dehydration, vomited and had fever" in Varanasi.
This is one of the many such cases that helped to create an acute fear psychosis among public sector bankers, reveals Tamal Bandyopadhyay in his fascinating new book Pandemonium: The Great Indian Banking Tragedy.
The Uttarakhand government will not allow any state to make unilateral efforts to evacuate its citizens stranded in the hill state, a move that comes in the midst of war of words on Gujarat Chief Minister Narendra Modi's claim that he had rescued over 15,000 people.
Delhi BJP chief Manoj Tiwari, who released the manifesto along with senior party leaders, including Union ministers Harsh Vardhan and Vijay Goel, said, "The sankalp patra embodies Prime Minister Narendra Modi's policies and the views of party president Amit Shah.
Actress Katrina Kaif wanted to participate in her first-ever Standard Chartered Mumbai Marathon, on Sunday, but things don't go as planned.
The 26-year-old Abshero, a former world junior cross country champion, would be looking to make a big impact on his first trip to India with a personal best time of two hours, four minutes and 23 seconds, the best among those who have entered the race.
The Magna Carta was not quite a grand demand for equality, freedoms and rule of law but just a narrow demand for restricting the ruler's powers to ring fence the interests of the elite. But its consequences greatly expanded over the centuries into a charter, which guarantees individual liberties, equality and justice to all, irrespective of race, religion and class, says Mohan Guruswamy.
Malaysia Airlines today began shifting relatives of missing Chinese and Indian passengers to Kuala Lumpur for "better care and comfort" while China pressed more ships and aircraft to locate the plane that went missing four days ago.
People who are close to retirement and don't intend to go back to full-time work again should deploy a part of their VRS money in equities so that it keeps growing at a faster rate.
A record 39,510 runners have registered for the Standard Chartered Mumbai Marathon on January 19, 2014.
"Why is it that whenever there are no political overtones to a case, the CBI does a good job?" he said.
Sidbi acquires Ahmedabad-based start-up at hefty premium; founders deny link to govt.
"Considering the facts and circumstances, I am of the view that police custody is justified," the judge said.
Deutsche Bank in India has managed to avoid the bad-loan problems plaguing its rivals such as Standard Chartered Plc.
Cheers broke out in the cabin of JetBlue flight 387 as the plane touched down.
The reaffirmation from the US comes in the backdrop of the maiden India US Strategic and Commercial Dialogue which was held on Tuesday.
'Brand Kejriwal-AAP have a long way to go even if they win another Delhi election...'
'It is a force nobody can ignore, not even Mr Modi, because it will keep punching above its weight,' notes Shekhar Gupta.
India's only live volcano in the Andaman and Nicobar Islands which had started showing activity in the year 1991 after being dormant for over 150 years has once again started spewing ash, researchers at Goa-based National Institute of Oceanography said on Friday.
'Where have we failed, as parents, teachers and leaders, that our children have forgotten all tenets of decent behaviour and respect for women?' President Pranab Mukherjee asks the nation on the eve of Republic Day.
In an online chat with Rediff.com readers, G Srikanth, partner, GSV Associates, chartered accountants, Chennai and member of the Institute of Cost and Management Accountants, answered queries about the new income tax proposals mooted in the Union Budget 2020-2021.
An estimated $344 billion has been illegally removed from the Indian economy between 2002 and 2011
Raghu Krishnan profiles the man in the eye of the storm at Infosys.
'I'm a little fuzzy on the details, but I know that everyone is behaving as if they've just discovered that their favourite grandfather is a peeping tom,' says Mitali Saran.
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Banks had a tough time in recovering loans from corporates in 2014.
You need not worry even if there is a mismatch between your income and deduction in Form 16/16A and Form 26AS, says Ashley Coutinho
As the threat of a showdown between Russia and the West over Ukraine loomed large, German Chancellor Angela Merkel has deplored Moscow's military build up on the Crimean peninsula and called on President Vladimir Putin to respect the country's territorial integrity.
If not, an assessee might be charged interest for not paying TDS on time.
Deutsche Bank could be the next to trim its retail operations.
Since 1950 successive governments have tried various options but failed to reduce alienation amongst the people, for different reasons, of Kashmir, Jammu and Ladakh. It is best to accept this reality and let each region charter its own path, within the framework of the Indian Constitution, says Sanjeev Nayyar.
By undertaking medical mercy missions, the Indian Air Force will win immense political and national goodwill.
A 10-member panel to amend Egypt's Constitution met for the first time on Sunday amid political turmoil over the ouster of President Mohammed Morsi and rebuffed claims that it has devised ready-made amendments.
'I want to use my music to reach out to the youth, to inspire them to create history.' 'To share knowledge, to tell them the importance of voting, girl child education, menstrual hygiene.'
When you sell your property, you would be liable to pay capital gains tax.
Yes, if you are planning to apply for a loan or want to claim refund
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