Analysts have sharply reduced cigarette maker ITC's earning estimates for the next two years, fearing a significant dent in the company's profitability and margins. This is owing to a steep hike in excise duty on tobacco by the government.
A drug raid at a Hyderabad farmhouse led to the detention of a TDP MP and a former BRS MLA, sparking a police investigation into drug consumption and illegal activities.
'At the first sign of real trouble, that money will move. There will be a run.'
A TDP MP and former BRS MLA were among those detained after a drug raid at a farmhouse in Moinabad, Hyderabad. Some individuals tested positive for drug consumption, and a businessman was detained for allegedly firing a weapon.
Additional Solicitor General S V Raju has urged the Enforcement Directorate (ED) to challenge rulings in predicate offences and share fresh evidence to prevent accused individuals from evading justice in money laundering cases.
A retired Navy officer has been arrested in Kerala after excise officials seized ganja and cannabis plants from his residence.
A retired Navy officer has been arrested in Kerala after excise officials seized ganja and cannabis plants from his residence.
The Maharashtra Excise Department dismantled a major inter-state illicit liquor racket operating in Thane district, seizing contraband valued at Rs 32 lakh after conducting multiple raids.
Delhi Police are increasing security measures, including intensified border checks and crackdowns on traffic violations, to ensure peaceful Holi celebrations.
The Comptroller and Auditor General (CAG) of India has criticized the Maharashtra state excise department for operational lapses that led to a significant revenue shortfall. The report cites incorrect fee assessments, failure to implement revised rates, and other irregularities.
The Delhi High Court has directed the city police to remove unauthorised recordings of court proceedings related to Arvind Kejriwal's plea from social media. This action follows a complaint against AAP leaders for sharing the clips.
Delhi Police have detained a 41-year-old woman, Sonia, under the Prevention of Illicit Traffic in Narcotic Drugs and Psychotropic Substances (PIT-NDPS) Act for alleged drug trafficking.
The West Bengal government has filed FIRs against five state government employees for alleged lapses in electoral roll revisions, following an Election Commission ultimatum. The action comes after the EC directed the state to initiate criminal cases against the accused for adding fictitious names to voter lists.
The Enforcement Directorate conducted raids on executives of political consultancy firm I-PAC and others in connection with a money laundering case linked to an alleged coal scam in West Bengal.
Delhi Police have detained a 44-year-old drug trafficker and moved him to a Chennai prison under the PITNDPS Act to disrupt narcotics supply chains.
ICICI Bank has received a demand notice of 768.6 crore from tax authorities for alleged short payment of GST, related to services provided to customers maintaining minimum balances.
State-run oil-marketing companies (OMCs) are unlikely to significantly raise petrol and diesel prices despite crude oil nearing $100 a barrel, leading to potential margin pressure, while CLSA analysts project a 65 per cent upside for ONGC's stock.
The court noted that after an exhaustive review of voluminous documents and statements of nearly 300 witnesses over more than two months, there was no legally admissible material connecting the accused to any criminal misconduct.
The Kerala High Court has overturned a single judge's order that had put a 15-day hold on the screening of 'The Kerala Story 2-Goes Beyond,' paving the way for the film's release.
'The next two to three weeks will not be decided in Washington.' 'They will be decided in Tehran, in whatever calculation Iran makes about the costs of continued resistance against the costs of appearing to have yielded.'
The Chhattisgarh assembly was disrupted by Congress protests over alleged illegal opium cultivation on a BJP functionary's farm, leading to the suspension of several MLAs.
Households should moderate large discretionary expenses for the time being.
'They should prioritise essential spending. They should maintain an emergency fund covering 6 to 12 months of expenses.'
Sending money from the US to India has become costlier after a 1% excise tax on cash-based remittances took effect from January 1, 2026.
Will rising tensions between US-Israel and Iran threaten crude oil supply through the Strait of Hormuz, putting India's fuel prices, imports, and economic stability at risk?
The Uttar Pradesh excise department arrested climate activist Harjeet Singh for allegedly possessing excess liquor after the ED searched his premises in connection with a foreign exchange violation case. The ED is investigating the misuse of funds received from abroad and Singh's visits to Pakistan and Bangladesh.
The fiscal tilt towards capex benefits companies in investment-related sectors like capital goods, defence equipment, engineering & construction and metal & mining. The planned cut in revenue expenditure will weigh on companies in consumption sectors like FMCG, consumer durables and retail.
Satat Sampada, the organisation of climate activist Harjeet Singh and his wife, said the allegations made by the Enforcement Directorate against the firm and its founder were baseless, biased and misleading.
The Madras High Court has reserved its order on an appeal filed by the CBFC, challenging a single judge's direction to grant a censor certificate to the Tamil film 'Jana Nayagan'. The case involves disputes over the film's content and the process of obtaining certification.
The INDIA bloc has released its manifesto for the Bihar assembly polls, promising jobs, restoration of the old pension scheme, and free power, among other things.
The Anti-Corruption Bureau/Economic Offence Wing (ACB/EOW) has claimed in its chargesheet that Chaitanya, son of former Chhattisgarh Chief Minister Bhupesh Baghel, received Rs 200 crore to Rs 250 crore as his share from an alleged liquor scam in the state.
Three laws passed in Parliament could boost central revenues, reshape GST cess flows, shift MGNREGA costs to states and create new budget headroom ahead of the 2026-2027 Union Budget, points out A K Bhattacharya.
The Supreme Court of India has struck down key provisions of the 2021 Tribunals Reforms law, citing violations of separation of powers and judicial independence. The court restored earlier directions on tenure for tribunal members.
The Supreme Court has said that selling land or property is not a service under the Finance Act, 1994, so such sales cannot be charged with service tax.
The Delhi High Court has granted the Enforcement Directorate a final opportunity to argue against the bail granted to Arvind Kejriwal in the excise policy-linked money laundering case, following objections from Kejriwal's counsel regarding repeated adjournments.
InterGlobe Aviation, the operator of IndiGo, has approached the Delhi high court seeking a refund of over Rs 900 crore it claims to have paid as Customs duty on aircraft engines and parts re-imported into India after overseas repairs. The petition came up for hearing on Friday before a bench of Justices Prathiba M Singh and Shail Jain.
A jampacked nightclub in North Goa turned into a death trap around midnight as a massive fire tore through it, claiming 25 lives and bringing to the fore illegalities along with the laxity of government officials in enforcing rules.
A chargesheet filed by Andhra Pradesh police alleges former Chief Minister YS Jagan Mohan Reddy chaired a meeting related to a new liquor policy under which outlets would be run by a government entity. The chargesheet details alleged kickbacks and money laundering.
According to a senior police officer, the man has been detained and further inquiry is underway.
Police said they have made five arrests in the incident. Those arrested have been identified as Prabhjit Singh, the main accused, Kulbir Singh, Sahib Singh, Gurjant Singh and Ninder Kaur, they said.
A 22-year-old man wanted for liquor smuggling was arrested in Prayagraj, Uttar Pradesh during the Maha Kumbh festival. Pravesh Yadav, a resident of Alwar, Rajasthan, had been evading arrest since July 2023 after being involved in a liquor smuggling operation. Police apprehended him during the Maha Kumbh, a major religious event where millions of people gather for ritual bathing at the Sangam. The arrest highlights the effective surveillance measures implemented by the police.
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