CATEGORIES

I-T dept launches tax evasion probe against Hinduja Global Solutions

The Income Tax department has initiated a probe into the alleged evasion of tax liabilities amounting to Rs 2,700 crore by the Hinduja Group linked to a sale transaction of group company Hinduja Global Solutions (HGS) to another subsidiary NXTDigital.

Textiles, FMCG products account for 90% of illicit trade into India

The illicit market in textiles and apparel, packaged goods, personal and household care, alcohol, and tobacco has expanded faster in India and is undermining legitimate businesses, according to a report.

Centre asks TN to resolve Samsung workers' strike

Union Minister Mansukh Mandaviya has written to Tamil Nadu Chief Minister M K Stalin and urged swift resolution of workers' strike at the Sriperumbudur plant of Samsung Electronics, a source said.

Adani discusses aircraft services partnership with Bombardier CEO

Adani Group Founder and Chairman Gautam Adani held a high-level meeting with Eric Martel, CEO of Bombardier, on Tuesday, to discuss transformative partnerships in Aircraft Services, Maintenance, Repair, and Overhaul (MRO), as well as defence.

India's aviation sector: Powerhouse of growth

India's aviation sector has experienced remarkable growth since the economic reforms of the 1990s. In 2024, it surpassed Brazil and Indonesia to become the third-largest domestic aviation market, following the USA and China.

India's foodgrain production hits record 332.22 mn tonne in 2023-24

India's foodgrain production reached a record 332.22 million tonne in the 2023-24 crop year ended June, driven by bumper wheat and rice output, the agriculture ministry said on Wednesday.

No plans to open up dairy sector in any FTAs: Goyal

Commerce and Industry Minister Piyush Goyal on Wednesday said dairy is a sensitive sector in India as it involves livelihood issues of small farmers and there are no plans to give duty concessions under any Free Trade Agreement (FTA) in this area.

Gilts end up on hope of cut in borrowing plan for FY24-25

Government bond prices ended sharply higher on Wednesday in anticipation of a cut in the gross borrowing plan for 2024-25 (Apr-Mar), dealers said. An overnight fall in US Treasury yields also aided a rise in prices earlier in the day.

Expecting FDI to rise to $100 bn/yr: DPIIT Secy

India is receiving foreign direct investments (FDI) of USD 70-80 billion every year and is expected to hit USD 100 billion per annum in the coming years, a top government official said on Wednesday.

FM asks AIIB to facilitate low-income countries to avail financial resources

FM Nirmala Sitharaman on Wednesday said AIIB should continue to focus on a client-centric approach and facilitate member countries, particularly low-income countries to avail financial resources through technical assistance.

Sebi's Sep 30 Board meet expected to have big-ticket announcements on F&O, FPIs

The members who constitute the governing body of the Securities and Exchange Board of India (Sebi) are to meet on September 30.

‘Make in India’ initiative helped boost mfg, exports, strengthening economy

The Modi government's flagship initiative 'Make in India' launched 10 years ago has helped the country boost exports, push investments and promote manufacturing.

bp board meets in India reflecting importance of the country

The board of global energy giant bp plc is holding its meeting in India, reflecting the importance of the country and its confidence in the opportunities it presents, the firm said on Wednesday.

Chief economists bullish on India: WEF survey

A majority of chief economists have shown a cautious optimism about the global economy with India's robust performance making South Asia the best performer worldwide, a survey showed on Wednesday.

Gold hits new all-time high of ₹77,850/10 gm

Gold prices surged Rs 900 to hit a fresh record high of Rs 77,850 per 10 grams in the national capital on Wednesday amid a rally in precious metal rates in the global markets, according to All India Sarafa Association.

Sensex ends above record 85K level, Nifty scales 26K mount

VOLATILE TRADE | Markets surge on fag-end buying

Preparations of Navratri at Mahurgadh

Thousands of devotees visit the Mahurgadh (Renukamata Mandir) during the Navratri festival and hence the preparations for the Navratri are in full swing now.

Elderly woman assaulted, robbed

Haranabai Vithoba Pekhale, a resident of Pangri, was alone at a settlement near the village when unknown thieves assaulted her and stole her jewellery around midnight on Sunday, Sep 22.

12 get life sentence for mob lynching after 9 yrs

Nine years ago, a mob murdered a youth sitting on the steps of a temple by hitting his head with stones after abusing him for his caste.

Conflicting claims emerge over sandalwood seized at Mhasrul

The investigation into the sandalwood seized by the Forest Department at Mhasrul seems to be mired in confusion.

112 villages included in PM Janman scheme

The Pradhan Mantri Janajati Unnat Gram Abhiyaan Yojana has been extended to 112 villages across 12 talukas in Jalgaon district, as part of the government's effort to improve the socio-economic conditions of tribal communities.

Heavy rain disrupts life

Heavy rain that occurred after a gap of around 20 days on Monday and Tuesday in Chhatrapati Sambhajinagar affected the routine life of the residents.

BJP likely to contest 5 seats in Nashik: Shah to assess situation

ASSEMBLY ELECTIONS | Speculations are rife that former Union minister Dr Bharti Pawar may contest as a candidate from Dindori, her home turf

Jayakwadi Dam gates opened again on 25/9

WATER INFLUX | Following the rain, the administration is now releasing 9,432 cusec water from 18 gates in the Godavari basin

Sebastian's death: EY office lacked labour welfare permit

The Maharashtra Labour Department investigation has revealed that the Ernst & Young (EY) office in Pune, which employed the 26-year-old Anna Sebastian, who died allegedly due to an \"overwhelming workload\", was operating without a mandatory registration under the state's Shops and Establishments Act.

PCMC surveys the blue flood line of three rivers

The Encroachment Department of Pimpri-Chinchwad Municipal Corporation (PCMC) recently conducted a survey of constructions within the blue flood line of three rivers—Pavana, Mula and Indrayani.

District Court-Swargate Metro inauguration by PM Modi today

PUNE MATTERS | The prime minister's fifth visit in connection with city metro today

Governor urges MIT-ADT grads to chase their dreams

The seventh convocation ceremony of MIT-ADT University was held in high spirits, with over 2,972 students receiving their degrees in a grand event attended by dignitaries, parents and students from across the country.

MP Nimbalkar lauds Valanj

MP Omraje Nimbalkar praised the social work of Nandkumar Valanj for the people of the Mulshi area, emphasising that Milind Valanj is successfully carrying forward his father's legacy.

BJP will contest Wadgaon Sheri: Jagdish Mulik

Days after writing a letter to the voters of the Wadgaon Sheri assembly constituency, former BJP MLA Jagdish Mulik has reiterated that the BJP will contest the seat.