Mumbai, March 31 (IANS) The Securities and Exchange Board of India (SEBI) has initiated regulatory action against Elitecon International Ltd after finding prima facie evidence of a pump-and-dump scheme in the company’s shares.The capital markets regulator observed that the stock surged more than 60 times within a short period before witnessing a sharp decline, a pattern it said was indicative of manipulative trading.In addition, the price rally was allegedly supported by coordinated trades and…
Latest Goods and Services Tax (GST) News & Updates
New Delhi, March 10 (IANS) Hiring intentions among Indian employers strengthened sharply for the second quarter of 2026, with the net employment outlook (NEO) rising to its highest level on record, a report showed on Tuesday.According to an analysis by ManpowerGroup, the NEO for Q2 (April-June) stood at 68 per cent, up 17 percentage points from the previous quarter and 24 points higher year-on-year (YoY).The report said businesses are also benefiting from tax reforms under the Goods and Services…
Chandigarh, Feb 12 (IANS) A Ludhiana-based businessman has been arrested for an alleged Goods and Services Tax (GST) fraud amounting to Rs 9 crore, Punjab Finance Minister Harpal Singh Cheema said on Thursday. Cheema said a major operation, conducted by the state Intelligence and Preventive Unit of Ludhiana, led to the arrest of Rohit Gupta, owner of Maa Steel, by the Taxation Department.”The Taxation Department has unmasked a significant GST fraud where Maa Steel was found issuing fake invoices…
New Delhi, Feb 2 (IANS) Robust consumer spending and public investments will maintain India’s real GDP growth at 6.7 per cent in fiscal 2027 and 7 per cent in fiscal 2028, S&P Global Ratings said on Monday, adding that the Union Budget reinforces its expectation of gradual fiscal consolidation.The global ratings anticipates that these growth rates continue to place India above sovereign peers at similar income levels and should continue to support fiscal revenue increase.The central governme…
New Delhi, Jan 24 (IANS) Prime Minister Narendra Modi on Saturday said the country is moving ahead on a fast-paced ‘Reform Express’, which is bringing widespread benefits to workers, employees, entrepreneurs and businesses, while making life and business easier across India.Addressing the 18th edition of the Rozgar Mela virtually, the Prime Minister said the objective of the ongoing reforms is to improve ease of living and ease of doing business.He noted that next-generation reforms, especia…
New Delhi, Jan 9 (IANS) The National Traders’ Welfare Board at its meeting held here on Friday emphasised the importance of the ‘Vocal for Local’ initiative to boost indigenous industries and promote locally made products.The board members decided to take the ‘Swadeshi Sankalp Daud’ nationwide from January 12 to 23, encouraging citizens across the country to participate and embrace the spirit of Swadeshi in both production and consumption.The board chairman Sunil J. Singhi stressed the…
New Delhi, Jan 5 (IANS) On the 73rd birth anniversary of former Bihar Deputy Chief Minister late Sushil Kumar Modi, senior leaders across party lines paid rich tributes to the veteran BJP leader, remembering his role in public life, his fight against corruption, and his lasting contribution to Bihar’s development.Union Minister Giriraj Singh, recalling Sushil Modi’s political journey, said the late leader emerged as a strong voice of justice and integrity within the BJP.“Sushil Modi emerge…
Jaipur, Dec 25 (IANS) Market experts on Thursday said that India’s stock markets are witnessing robust growth, with the IPO segment reaching record levels, driven by investor confidence, supportive government policies and a stable economic outlook despite global uncertainties.India’s IPO market has touched a historic high in 2025, with more than 365 initial public offerings raising around Rs 1.95 lakh crore so far, surpassing the previous record set in 2024.According to market experts, this …