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In 2024, Arunachal Pradesh Police arrested the Jha brothers for their role in a Rs 100 crore ITC scam, marking an earlier instance of their involvement in tax fraud The Enforcement Directorate's (ED) probe into the Rs 650 crore Input Tax Credit (ITC) scam has uncovered a web of fake firms and hawala traders, where even the names of Seema Haider and her husband Sachin were allegedly misused. According to reports, two brothers from Bihar's Darbhanga, Ashutosh Jha and Vipin Jha, have emerged as k ...Read More >
Mumbai (Maharashtra) [India], May 16 : Domestic indices opened flat on Tuesday morning as losses in financial and construction stocks dragged the key indices. Investors are keeping a wait-and-watch mode for the various earning announcements of companies such Bharti Airtel, Bank of Baroda, Indian Oil and V-Mart Retail lined for the day. BSE Sensex opened 91 points lower to 62,254.21 while NSE Nifty dropped 16.70 points to 18,382.15 at 10.50 am on Tuesday morning. The top gainers on Nifty 50 we ...Read More >
New Delhi: The Enforcement Directorate (ED) on Friday said its preliminary probe into a multi-crore pan-India alleged fake input tax credit (ITC) fraud has found that 'big MNCs' were benefiting from these illegal transactions. The Itanagar (Arunachal Pradesh) office of the federal probe agency carried out searches in this case on Thursday and covered about 10 premises in the northeastern state apart from Delhi, Haryana, Tamil Nadu and Telangana. The raids were undertaken in connection with a m ...Read More >
New Delhi/Guwahati, Sep 12 (SocialNews.XYZ) The Enforcement Directorate (ED) has conducted search operations at 10 premises across five states including Delhi in connection with a multi-crore fake Input Tax Credit (ITC) fraud under the Prevention of Money Laundering Act (PMLA), 2002, the probe agency said on Friday. The Itanagar-based ED unit has carried out search operations on at 10 premises across Arunachal Pradesh, Delhi, Haryana, Tamil Nadu, and Telangana on Thursday in connection with a m ...Read More >
New Delhi, Sep 12 (PTI) The Enforcement Directorate (ED) on Friday said its preliminary probe into a multi-crore pan-India alleged fake input tax credit (ITC) fraud has found that "big MNCs" were benefiting from these illegal transactions. The Itanagar (Arunachal Pradesh) office of the federal probe agency carried out searches in this case on Thursday and covered about 10 premises in the northeastern state apart from Delhi, Haryana, Tamil Nadu and Telangana. The raids were undertaken in connec ...Read More >
New Delhi, Sep 12 (PTI) The Enforcement Directorate (ED) on Friday said its preliminary probe into a multi-crore pan-India alleged fake input tax credit (ITC) fraud has found that "big MNCs" were benefiting from these illegal transactions. The Itanagar (Arunachal Pradesh) office of the federal probe agency carried out searches in this case on Thursday and covered about 10 premises in the northeastern state apart from Delhi, Haryana, Tamil Nadu and Telangana. The raids were undertaken in connec ...Read More >
MUMBAI: Benchmark equity indices Sensex and Nifty closed higher in a volatile session on Wednesday, driven by a rally in metal stocks and optimism related to the GST Council meeting. After oscillating between highs and lows, the 30-share BSE Sensex jumped 409.83 points or 0.51 per cent to settle at 80,567.71. During the day, the benchmark hit a high of 80,671.28 and a low of 80,004.60, gyrating 666.68 points. The 50-share NSE Nifty climbed 135.45 points or 0.55 per cent to 24,715.05. The GST ...Read More >
Indian benchmark indices Sensex and Nifty experienced a downturn at the opening on Tuesday. This decline was triggered by concerns regarding potential U.S. trade measures, specifically the proposed tariffs of up to 50% on Indian goods. India's benchmark indices Sensex and Nifty slipped at the open on Tuesday, pressured by worries over U.S. trade measures after the United States issued a draft notice proposing tariffs of as much as 50% on Indian goods starting Wednesday. At 9:32 AM, the S&P BSE ...Read More >
Surat (Gujarat) [India], August 21: KP Group, a leading name in India's renewable energy sector, is stepping up its expansion with a clear goal of reaching 10 GW capacity by 2030. With projects already underway in Gujarat, the Group is working on projects in Rajasthan, Madhya Pradesh, Odisha, Andhra Pradesh and Maharashtra, supported by a strong order book and government partnerships. KP Group has signed memoranda of understanding with Gujarat, Odisha, Rajasthan and Madhya Pradesh for over 2.6 ...Read More >
Mumbai, Aug 26 (PTI) Benchmark BSE Sensex tumbled 849 points to close below the 81,000 level on Tuesday due to widespread selling pressure after the US issued a draft notice on the implementation of an additional 25 per cent tariff on Indian products. The 30-share BSE Sensex tumbled 849.37 points, or 1.04 per cent, to close at 80,786.54 with 25 of its constituents ending lower and five with gains. During the day, the index nosedived 949.93 points, or 1.16 per cent, to hit a low of 80,685.98. T ...Read More >
Kinnaur: A cloudburst was reported in Himachal Pradesh's Kinnaur district on Wednesday evening. Due to the cloudburst, a sudden flash flood struck Hojis Lungpa Nala. Notably, the site was an active road construction zone under CPWD towards Gangthang Bralam. A rescue operation was launched to rescue the stranded civilians. The Indian Army was also called in to help the local administration. The Army has deployed its new generation equipment to assist in the operation. The Logistics Drone High Al ...Read More >
Mumbai: Stock markets rebounded on Wednesday with benchmark Sensex closing higher by 304 points on buying in metal, auto and pharma shares as steady US inflation data propelled a sharp rally in global markets. The 30-share BSE Sensex climbed 304.32 points or 0.38 per cent to settle at 80,539.91. During the day, it jumped 448.15 points or 0.55 per cent to 80,683.74. The 50-share NSE Nifty edged up by 131.95 points or 0.54 per cent to 24,619.35. Analysts said retail inflation slowing to an 8-year ...Read More >
Investing.com - India stocks were higher after the close on Monday, as gains in the Metals, Real Estate and Auto sectors led shares higher. At the close in NSE, the Nifty 50 rose 0.64%, while the BSE Sensex 30 index climbed 0.52%. The best performers of the session on the Nifty 50 were Hero MotoCorp Ltd (NSE:HROM), which rose 5.34% or 230.30 points to trade at 4,541.90 at the close. Meanwhile, Tata Steel Ltd (NSE:TISC) added 4.08% or 6.24 points to end at 159.25 and Adani Ports and Special Eco ...Read More >
Mumbai, Aug 6 (PTI): Falling for the second day, benchmark BSE Sensex declined by 160 points on Wednesday due to selling in IT and healthcare shares amid the RBI policy decision to keep the key interest rates unchanged. The 30-share BSE Sensex fell 166.26 points or 0.21 per cent to settle at 80,543.99 with 18 of its constituents ending lower and 12 with gains. During the day, it declined 261.43 points or 0.32 per cent to hit a low of 80,448.82. The 50-share NSE Nifty dipped 75.35 points or 0.3 ...Read More >
Kolkata: ITC saw a marginal decline in net profit in the first quarter of FY26 to Rs 4,912 crore from Rs 4,917 crore in Q1FY25. Its revenue, however, saw a 20% jump from Rs 17,457 crore to Rs 20,911 crore.According to the company, the marginal decline in net profit was due to the demerger of its hotel business. Profit figures for Q1FY25 included Rs 97.5 crore from the hotels business. The conglomerate's profit would have been Rs 4,820 crore. The rise in revenue was largely due to cigarette and a ...Read More >
New Delhi, Jul 20 (PTI) GST officers have uncovered fake input tax credit (ITC) claims of Rs 15,851 crore in the April-June quarter of current fiscal, a 29 per cent jump over the year-ago period, even though the number of fake firms detection was less Y-o-Y, officials said. The total number of fake firms detected by central and state GST officers during the first quarter of FY26 stood at 3,558, less than 3,840 such entities detected in the same quarter of FY25. panel of state finance ministers ...Read More >
New Delhi, Jul 20 (PTI) GST officers have uncovered fake input tax credit (ITC) claims of ₹15,851 crore in the April-June quarter of current fiscal, a 29 per cent jump over the year-ago period, even though the number of fake firms detection was less Y-o-Y, officials said. The total number of fake firms detected by central and state GST officers during the first quarter of FY26 stood at 3,558, less than 3,840 such entities detected in the same quarter of FY25. panel of state finance ministers, ...Read More >
The season's opening round of the MRF MMSC FMSCI Indian National Car Racing Championship will begin at the Kari Motor Speedway here on Saturday. The two-day event has attracted 75 entries across various categories. The compact 2.3 km long circuit with 16 turns, will witness both single-seaters, the MRF F2000 and F1600, Formula LGB 1300 and saloon cars that include popular Indian Touring Cars (ITC), newly introduced ITC1625, Super Stock and the Indian Junior Touring Cars (IJTC) besides the Volks ...Read More >
Bengaluru: The Karnataka Commercial Tax Department has once again issued a clarification regarding the recent tax notices sent to bakeries, condiments, and tea stalls in Bengaluru. Following earlier backlash, the department had stated that traders with annual turnover below ₹1.5 crore can opt for the Composition Tax Scheme and pay only 1% tax, offering significant relief. Now, in a press release, the department reiterated that traders who have received notices should visit their respective tax ...Read More >
Hyderabad: Heritage Foods Limited, a leading Indian dairy brand, reported its highest-ever quarterly revenue of Rs11,368 million for the first quarter of FY26, registering a 10% year-on-year growth despite headwinds from unseasonal rainfall across its key markets. The company, which is celebrating 34 years of operations, attributed its strong performance to steady progress in milk procurement, resilient milk and value-added product (VAP) sales, and its continued focus on quality, innovation, an ...Read More >
Indian equity markets edged lower on Wednesday, mirroring Asian market trends after the US inflation data release. Investors are exercising caution ahead of key corporate earnings reports and developments in US trade talks. Sectorally, auto, metal, and financial services faced declines, while Dixon Technologies surged following an acquisition announcement. Indian equity benchmarks opened slightly lower on Wednesday, tracking weakness in Asian peers after an uptick in US inflation data. Investor ...Read More >
Kolkata: ITC Hotels Ltd is aiming at expanding its portfolio to over 220 operating units with more than 20,000 keys by 2030, its latest annual report said. According to the annual report for 2024-25, the company plans to accelerate its growth through management contracts and franchise arrangements. Approximately, 70 per cent of the keys are being operated under management contracts, including franchising, it said. Spun into a separate entity after the demerger from ITC Limited, the company owns ...Read More >
CHENNAI: The first round of the MRF MMSC FMSCI Indian National car racing championship 2025 is set to commence at the refurbished Kari Motor Speedway in Coimbatore on Saturday, while boasting of 75 entries across various categories. The compact 2.3 kilometre long circuit with 16 turns, will witness both single-seaters - the MRF F2000 and F1600, Formula LGB 1300 - and saloon cars that include the Indian Touring Cars (ITC), the newly introduced ITC1625, Super Stock and the Indian Junior Touring Ca ...Read More >
Mumbai: The Indian equity market indices opened lower on Friday amid uncertainty surrounding US President Donald Trump's trade policies, as he continues to threaten elevated tariffs across various sectors and countries. At 9.20 am, Sensex was down 224 points or 0.27 per cent at 82,965 and Nifty shed 65 points or 0.26 per cent at 25,289.Marginal buying was seen in the midcap and smallcap stocks. Nifty midcap 100 index was up 60 points or 0.10 per cent at 59,220 and Nifty smallcap 100 index was u ...Read More >
Mumbai, July 9 (SocialNews.XYZ) The Indian stock markets closed lower after a volatile session on Wednesday amid selling in the IT and metals stocks, especially in Vedanta and Hindustan Zinc. Sensex settled at 83,536.08, down 176.43 points or 0.21 per cent. The 30-share index opened in negative territory at 83,625.89 against the last session's closing of 83,712.51. However, it showed some volatility, hitting an intra-day high at 83,781.36 before closing. Nifty fell 46.40 points or 0.18 per cen ...Read More >
Mumbai: Benchmark stock indices Sensex and Nifty closed almost unchanged on Monday in a highly volatile trade amid caution ahead of the July 9 US tariff deadline, weak trends in Asian markets and foreign fund outflows. After oscillating between highs and lows, the 30-share BSE Sensex finally ended 9.61 points or 0.01 per cent up at 83,442.50. The index hit a high of 83,516.82 and a low of 83,262.23 during the day. The 50-share NSE Nifty ended unchanged at 25,461.30 with 22 of its constituents s ...Read More >
Mumbai, July 7 (SocialNews.XYZ) The Indian stock market ended flat on Monday as investors remained cautious amid uncertainty around the interim India-US trade deal. Sensex closed at 83,409.68, marginally up 9.61 points or 0.01 per cent. The 30-share index opened marginally lower at 83,398.08 against the last session's closing of 83,432.89. The index did not see much volatility as it touched an intra-day high at 83,516.83, a jump of 84 points. Similarly, Nifty settled flat at 25,461.30, up 0.30 ...Read More >
New Delhi: Consumer goods makers Dabur India Ltd, Marico Ltd, and Godrej Consumer Products Ltd are expected to report contrasting demand patterns for their products in the June quarter, with robust sales in edible oils and home and personal care categories offset by a subdued summer for beverages. This divergence is largely attributed to untimely rains and a milder summer, hurting demand for seasonal categories. On Friday, homegrown consumer goods company Dabur India said that the Indian FMCG ...Read More >
Mumbai, July 4 (SocialNews.XYZ) After witnessing a highly volatile session, the Indian stock market ended in green on Friday amid value buying in IT and banking stocks as talks progressed on the interim India-US trade deal. Touching an intra-day low at 83,015, the Sensex bounced back to end at 83,432.89, up 193.42 points or 0.23 per cent against the last session's closing of 83,239.47. Similarly, Nifty closed 0.22 per cent or 55.70 points higher at 25,461. "The Indian market is experiencing a ...Read More >
Mumbai: After witnessing a highly volatile session, the Indian stock market ended in green on Friday amid value buying in IT and banking stocks as talks progressed on the interim India-US trade deal. Touching an intra-day low at 83,015, the Sensex bounced back to end at 83,432.89, up 193.42 points or 0.23 per cent against the last session's closing of 83,239.47. Similarly, Nifty closed 0.22 per cent or 55.70 points higher at 25,461. "The Indian market is experiencing a pause as investors adopt ...Read More >
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