Rs 5,259 cr unaccounted income found in Karnataka, Goa tax raids

Bengaluru: Unaccounted income of Rs 5,259 crore was found during 50 Income Tax (IT) raids that were held in Karnataka and Goa during the fiscal 2017-18, a tax official said on Thursday. The IT official, however, declined to name the firms raided “Fifty searches held in Karnataka and Goa during the fiscal year revealed an unaccounted income worth More...

by Agencies | Published 2 mins ago
By IANS On Thursday, March 22nd, 2018

Paperless air travel may soon become reality in India

Jaipur: In a move aimed to fructify the government’s concept of “Digiyatra” at Indian airports, air transport IT and communications service provider SITA is all set to help India lead the way in More...

By IANS On Wednesday, March 21st, 2018

Another bank fraud of Rs 824 crore involving Chennai jeweller

Chennai: In yet another fraud played on banks, a Chennai-based jeweller Kanishk Gold Pvt Ltd (KGPL) has been accused of defrauding a consortium of 14 banks led by the State Bank of India (SBI) to the tune of Rs More...

By Agencies On Wednesday, March 21st, 2018

SC directs Jaypee Associates to deposit Rs 200 cr

New Delhi: The Supreme Court on Wednesday directed the Jaypee Associates to deposit Rs 200 crore as a part payment of the amount required to pay the principal amount to 2,800 home buyers seeking refund. The court More...

By Agencies On Tuesday, March 20th, 2018

Engaging P&W to get grounded jets back into service: IndiGo

New Delhi: Low-cost carrier IndiGo on Tuesday said that it is “actively engaged” with engine manufacturer — Pratt & Whitney (P&W) — to get all of its grounded aircraft back in operation. Two More...

By IANS On Tuesday, March 20th, 2018

Privatise public sector banks before it’s too late: Nandan Nilekani

Mumbai: Public sector banks should be privatised now when they dominate the market share before their value is eroded by “creeping privatisation”, Infosys Chairman and the architect of Aadhaar Nandan More...

By Indileak Web Desk On Tuesday, March 20th, 2018

Air India to launch New Delhi-Tel Aviv flights from Thursday

New Delhi: National passenger carrier Air India on Monday said that it will introduce a direct flight from New Delhi to Tel Aviv from March 22. A 256-seater Boeing 787 ADreamliner will operate the thrice-a-week More...

By Agencies On Monday, March 19th, 2018

Unrealistic to expect GST to settle down in less than 10 years: Bibek Debroy

New Delhi: Prime Minister’s Economic Advisory Council Chairperson Bibek Debroy on Monday said the implementation of the Goods and Services Tax (GST) is a process which would take more than 10 years to settle More...

By Agencies On Sunday, March 18th, 2018

Counterfeit market in India worth over Rs 40,000 cr: ASPA

New Delhi: The market for fakes in India has grown steadily and stands at a whopping over Rs 40,000 crore even as law enforcement remains weak, the Authentication Solutions Providers Association (ASPA) said on Sunday. Prabhu More...

By Indileak Web Desk On Sunday, March 18th, 2018

Sebi fines NDTV for disclosure lapses

New Delhi: Securities market regulator Sebi has fined media organisation NDTV, and four individuals for lapses in mandatory disclosure. NDTV has been fined Rs 10 lakh According to a Sebi order dated March 16, NDTV More...