LUCKNOW: A Delhi-based company contracted to operate a toll plaza on NH-19 in UP is under investigation for allegedly sealing a 15-year lease by fraudulently paying Rs 100 as stamp duty instead of the stipulated Rs 63 crore.The lease, signed on March 18, 2023, entitles the firm to collect toll for a 72.64-km stretch of…
In a first-of-its-kind action against illicit liquor trade, the special Gangster Act court of Ambedkar Nagar in UP has declared property worth Rs 1.7 crore of alleged hooch kingpin Motilal Gupta as govt property. According to court records, Gupta, a resident of Azamgarh, ran a large-scale operation producing spurious country liquor packaged with fake labels…
CHENNAI: India Cements is selling its subsidiary Industrial Chemicals and Monomers (ICML) to Mirai Sensing for Rs 97.7 crore. The company will enter into an agreement with Chennai-based Mirai Sensing and complete the sale within six months from the date of agreement, India Cements informed the stock exchange. India Cements board at its meeting, on…
NEW DELHI: Gross direct tax collections rose less than 5% to Rs 5,45,207 crore during the fiscal year up to June 19. The first of the four instalments of advance tax receipts increased at a muted 3.9%, raising fears of a sharp slowdown in the growth in corporate profits during the June quarter.On a net…
Emcure Pharmaceuticals on Saturday said it will acquire the remaining 20.42% stake in its subsidiary Zuventus Healthcare Ltd from minority shareholders for Rs 724.9 crore, making it a wholly owned unit. The company’s board has approved entering into an agreement with the minority shareholders of Zuventus Healthcare for the acquisition, Emcure said in a regulatory…
The incentives in India’s proposed programme will be distributed through a reverse bidding mechanism. (AI image) India is readying a plan to reduce its acute dependence on China for rare earth minerals. The move comes at a time when China has imposed export curbs on rare earths and Indian industry has raised alarm bells on…
NEW DELHI: State-run power major NTPC Ltd on Saturday said its board has approved a proposal to raise up to Rs 18,000 crore through issuance of non-convertible debentures (NCDs) or bonds via private placement in the domestic market.According to a regulatory filing, the company’s board gave its nod during a meeting held earlier in the…
Representative image (Picture credit: ANI) India’s net direct tax collections for the ongoing financial year 2025-26 declined by 1.39 per cent to Rs 4.59 lakh crore as of June 19, mainly due to a sharp surge in refund issuances, according to government data released on Saturday. In the same period last year, net direct tax…
Navratna Defence Public Sector Undertaking Bharat Electronics Limited (BEL) has secured fresh orders worth Rs 585 crore since its last disclosure on June 5, the company said in a stock exchange filing.Major components of the new orders include fire control and sighting systems for missiles, communication equipment, jammers, spares, and services, according to the disclosure…
Indian money deposited in Swiss banks more than tripled in 2024, reaching nearly Rs 37,600 crore or 3.5 billion Swiss francs, according to data released by Switzerland’s central bank. The 2024 figure is the highest since 2021, when Indian money in Swiss banks had reached a 14-year peak of CHF 3.83 billion.This sharp jump, however,…