Delhi court convicts former Haryana CM Om Prakash Chautala in disproportionate assets case

The court passed the order and posted the matter for May 26, when the court will hear the arguments on the quantum of sentence.

published on : 21st May 2022

Biden seeks new powers to use oligarchs’ assets for Ukraine

Biden will also ask Congress to allow the federal government to use the proceeds from selling the seized assets of sanctioned Russian oligarchs to help the people of Ukraine.

published on : 28th April 2022

Shares of Future Group firms tumble up to 20 per cent

The stock of Future Consumer plummeted 19.91 per cent, Future Supply Chain Solutions slipped 19.96 per cent, Future Lifestyle Fashions 19.89 per cent, Future Enterprises tumbled 9.87 per cent.

published on : 25th April 2022

Lenders reject Future Group-RIL deal

It leaves bankruptcy as a strong possibility for the retailer; at least 75% vote was required for the deal to pass.

published on : 23rd April 2022

Forex reserves declined by USD 311 million to USD 603.694 billion: RBI data

Gold reserves increased by USD 626 million to USD 43.145 billion in the reporting week, the data showed.

published on : 22nd April 2022

Tata Power raises Rs 4,000 crore to fund growth of its renewable energy business

As per the company, the newly created platform will consist of five distinct businesses delivering long-term, customer oriented solutions.

published on : 15th April 2022

RBI’s balance-sheet registers 8.3 per cent growth in FY22

The RBI’s balance-sheet increased by Rs 4.7 lakh crore in FY22, registering a growth of 8.3% over FY21. 

published on : 13th April 2022

Crypto industry still hopeful of changes in tax despite Finance Bill 2022

Despite the Lok Sabha passing the Finance Bill 2022, introducing a 30% tax on virtual digital assets (VDA) from April 1, the crypto industry still sees space for reasonable changes in tax policy.

published on : 30th March 2022

Government proposes 39 changes in Finance Bill; clarifies on crypto taxation

Proposes relaxation of penalty provision for claiming cess, surcharge as expenses 

published on : 25th March 2022

Income Tax department searches Hiranandani group premises; question of 'undisclosed foreign assets'

The income tax department has confirmed that raids were being conducted at the premises of Hiranandani, but refused to give more details about it.

published on : 23rd March 2022

Blow to Crypto as govt says loss can’t be set off

Crypto exchanges call measures  “detrimental” for the industry

published on : 22nd March 2022

Crypto mining cost not to be allowed as deduction under I-T Act: FinMin 

In a written reply to the Lok Sabha, Chaudhary said the government will come out with a definition of virtual digital assets (VDA) with a view to levy 30 per cent tax on income from the transfer of su

published on : 21st March 2022

Alleged disproportionate assets: ACB raids 18 officers in 75 locations in Karnataka

According to the Additional Director  General, ACB, Seemant Singh, a team of 100 ACB officers accompanied with 300 staff are conducting searches at 75 locations.

published on : 16th March 2022

Amazon calls Reliance takeover of Future stores as 'Fraud'

Amazon has been contesting the Rs 24,713 crore sale of Future Group's retail assets to Ambani's Reliance group, first announced in August 2020, and the case is currently before the Supreme Court.

published on : 15th March 2022

DVAC registers fresh disproportionate assets case against former AIADMK minister SP Velumani

While DVAC raided 58 premises in Tamil Nadu and Kerala, they have accused him of Rs 58.23 crores which is 3,928 per cent of his total income.

published on : 15th March 2022
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