'We will have a strong exit as our third quarter is strong.'
Hundreds of millions of dollars were invested in publicly traded Adani group stocks through Mauritius-based 'opaque' investment funds by partners of promoter family, the Organised Crime and Corruption Reporting Project (OCCRP) alleged on Thursday. The fresh allegations by an organisation funded by likes of George Soros and Rockefeller Brothers Fund come months after a US short seller wiped away close to $150 billion in value of Adani group stocks with allegations of accounting fraud, stock price manipulation and improper use of tax havens by the ports-to-energy conglomerate run by billionaire Gautam Adani. Adani group has denied all allegations. Citing review of files from multiple tax havens and internal Adani Group emails, OCCRP said its investigation found at least two cases where the "mysterious" investors bought and sold Adani stock through such offshore structures.
The income tax department will share PAN and bank account details of any entity with 10 investigative and intelligence agencies, including the CBI and NIA, under the integrated counter-terrorism platform NATGRID, according to an official order.
Five persons, including a defence ministry staff and a constable of the Directorate of Revenue Intelligence, were arrested for allegedly molesting a woman and trying to forcibly take her in their car on Sunday, police said on Wednesday.
Dominic Xavier wonders what the end game in the NCB's starstruck probe will be.
Chinese phone maker Xiaomi's India unit has been slapped with a Rs 653 crore notice for alleged evasion of import duty, as per an official statement. A show-cause notice has been slapped on Xiaomi India following recovery of documents during searches on its premises that indicated remittance of royalty and licence fee to US and Chinese firms under contractual obligations, the union finance ministry said on Wednesday. Replying to an email query, a Xiaomi spokesperson said, "At Xiaomi India, we give utmost importance to ensuring we comply with all Indian laws.
Buying one's dream home requires planning, funds, and these days, putting on an AI-enabled virtual reality (VR) headset. Realtors are increasingly providing customers an immersive experience, courtesy generative artificial intelligence (GenAI), mixed reality, and metaverse. For realty consultancy Anarock group, AI and machine learning (ML) are enabling predictive market analysis, facilitating virtual property tours, and improving property management through predictive maintenance.
In a significant win for the Adani group, the Supreme Court on Wednesday refused to transfer the probe into allegations of stock price manipulation by the Indian corporate giant to a special investigation team or the CBI, saying market regulator SEBI was conducting a "comprehensive investigation" and its conduct "inspires confidence".
The Directorate of Revenue Intelligence on Saturday slapped the charges of Foreign Exchange Management Act and Customs Act violation against Pakistani Sufi Singer Rahat Fateh Ali Khan and his manager Maroof in connection with recovery of huge undeclared foreign currency from them at the New Delhi airport.
Armed with his contract papers, Pakistani singer Rahat Fateh Ali Khan, appeared at the office of Directorate of Revenue Intelligence as directed. The singer was accompanied by his aide Maroof and his Indian agent Chitresh Srivastav.
Pakistani singer Rahat Fateh Ali Khan and two of his troupe members were released on Monday evening pending investigations into recovery of foreign exchange case.
With the launch of a pilot project to alert commuters about the traffic situation, Ahmedabad became the first Indian city to get an Intelligent Traffic System (ITS).
Customs sleuths will be posted in London, Hong Kong, Dubai and Brussels in an effort to check trade-based money-laundering among others.
Over 60 kg of gold "concealed and smuggled" by several passengers on three flights coming from Singapore and Malaysia was seized at the Visakhapatnam airport by the directorate of revenue intelligence, officials said on Monday.
More than 600 people have visited hospitals and medical camps in Puri. However, only over 130 have been admitted to hospital, said Director of Health Services, Bijay Mohapatra.
Senior Congress leader Kishore Chandra Deo, who headed a parliamentary panel that probed the 2008 'cash-for-votes' scam allegedly involving some members of the Lok Sabha, on Thursday said there cannot be any inquiry on the basis of "so-called" cable leak as its authenticity has to be verified
Pakistani sufi singer Rahat Fateh Ali Khan was questioned on Friday by the Directorate of Revenue Intelligence officials for allegedly carrying $ 1.24 lakh (about Rs 60 lakh) of undeclared foreign currency.
A senior DRI official, under condition of anonymity, told rediff.com that there was severe diplomatic pressure for the singer's release.
The mystery over the source of Rahat Fateh Ali Khan's funds continues after a Rajkot, Gujarat, police officer denied that the local police had tipped off the Directorate of Revenue Intelligence about the Pakistan singer's cache of cash, as reported by a Mumbai newspaper.
The CG and ATS personnel seized the boat Al Sakar which had 50 kg heroin on board, in the Arabian Sea, the official said.
Pakistan singer Rahat Fateh Ali Khan, who was detained by the Directorate of Revenue Intelligence with $ 1.24 lakh undeclared currency, has left the country after paying a fine of Rs.15 lakh. Official sources said Khan left by an Emirates flight to Lahore via Dubai on Tuesday evening.
Earlier, Directorate of Revenue Intelligence officials questioned the singer extensively to find out where the money came from and why it was not declared.
A plea has been filed in the Supreme Court seeking investigation under the supervision of a sitting apex court judge against the Adani group of companies in light of the allegations made by the US-based Hindenburg Research.
GST authorities have detected GST fraud of Rs 55,575 crore over the last two years and arrested over 700 persons for causing loss to the exchequer, an official said on Thursday. Over 22,300 fake GST identification numbers (GSTIN) were detected by the officers of the Directorate General of GST Intelligence (DGGI). The government on November 9, 2020, launched a nationwide special drive against unscrupulous entities for availing and passing on Input Tax Credit (ITC) fraudulently by issuing fake/bogus invoices, thereby evading Goods and Services Tax (GST).
The Organised Crime and Corruption Reporting Project (OCCRP) on Thursday trained its guns on the Adani Group, alleging hundreds of millions of dollars were invested in publicly traded group stocks through Mauritius-based 'opaque' investment funds managed by partners of promoter family, charges the conglomerate denied vehemently.
The secret template India uses to print currency notes has been 'compromised' and that is possibly why fake but real-looking Indian currency notes are being pumped in, says the Central Bureau of Investigation, to subvert the country's economy.
The government has slapped a tax notice of Rs 1,450 crore on the computer-maker Hewlett Packard India for allegedly evading Customs duty, a charge which was refuted by the company.
Bollywood superstar Amitabh Bachchan has been slapped with a showcause notice by the Directorate of Revenue Intelligence (DRI) for allegedly not declaring dutiable goods at the Mumbai airport while returning from London last year.
The regulatory gap between crypto firms registered with the Financial Intelligence Unit-India (FIU-India) and unregistered offshore entities is expected to narrow, industry players said, after global crypto players Binance and KuCoin received approvals to register with India's anti-money laundering unit.
The Department of Revenue Intelligence, DRI is tracing a major counterfeit currency racket with roots in Kerala and wings spread across Middle east and Far East.
Debashis Chatterjee speaks about the overall demand environment and company's strategy
The clean chit to Aryan Khan and five others by the Narcotics Control Bureau on Friday has once again brought the central agency's former zonal director Sameer Wankhede under the spotlight.
Noted industrialist Pawan K Ruia, who had bought public sector engineering giant Jessop through National Democratic Alliance's divestment scheme
The passengers-a 60-year-old man and a 58-year-old woman -- were off-loaded along with their checked-in baggage and later taken into custody by sleuths of the Directorate of Revenue Intelligence (DRI) for allegedly possessing 3.73 kg of heroin, worth nearly Rs 4 crore in the international market, official sources said.
The Congress on Monday alleged that a Chinese national played a 'dubious role' in the Adani Group's activities and asked the government if it was not concerned that the conglomerate may be involving that person in important defence contracts.
Directorate of Revenue Intelligence officials on Monday visited the Mukesh Ambani-promoted Special Economic Zone at Jamnagar to ascertain the area used for setting up the export zone.
The Directorate of Revenue Intelligence has booked cases at Mumbai and Delhi against private airlines Jet Airways and Air Sahara for non-payment of customs duty, the Lok Sabha was informed on Friday.
The Supreme Court is scheduled to pronounce on Thursday its order on a batch of PILs on the recent Adani group shares crash triggered by the Hindenburg Research's fraud allegations.
