Chandigarh, May 9 (IANS) The Enforcement Directorate (ED) on Saturday conducted searches at four premises linked to Punjab Industry Minister Sanjeev Arora and his associates under the Prevention of Money Laundering Act (PMLA) of 2002.This is the third raid in a year. In April, the ED had raided Arora’s locations for the second time. According to officials, the searches are being carried out in Chandigarh and the Delhi-NCR region.The premises being searched include the official residence allott…
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New Delhi, May 9 (IANS) The Enforcement Directorate (ED) again conducted raids at the residence of Punjab Cabinet Minister Sanjeev Arora in Sector 2, Chandigarh on Saturday morning, with around 20 vehicles and heavy security personnel deployed during the operation.According to ED sources, the agency is carrying out search operations at four premises linked to Sanjeev Arora and his associates under the Prevention of Money Laundering Act, 2002. The searches are being conducted across Chandigarh an…
New Delhi, May 7 (IANS) Homegrown FMCG major Dabur India is set to raise prices by up to 4 per cent across parts of its portfolio and reduce grammage in smaller packs as the company grapples with rising input costs triggered by the ongoing conflict in West Asia.Speaking to analysts after the company’s quarterly earnings announcement, Dabur Global Chief Executive Officer Mohit Malhotra said inflationary pressures have intensified across most categories of the India business, prompting the compa…
New Delhi, May 2 (IANS) India’s auto sector saw a demand‑led but uneven recovery in FY26, driven by urban market demand and premiumisation while rural demand saw some headwinds, a new report has said.The report from Deloitte India said two‑wheelers led the recovery, with wholesale volumes up 10.7 per cent year‑on‑year and retail sales rising 13.4 per cent.Passenger vehicles continued the premiumisation trend, with mid-size entry segments gaining share and traditional entry-level segmen…
New Delhi, May 1 (IANS) The gross Goods and Services Tax (GST) collection surged 8.7 per cent (year-on-year) to a record Rs 2,42,702 crore in the month of April despite geo-political uncertainties, latest official data showed on Friday.Net GST revenue for last month stood at Rs 2,10,909 crore, registering a 7.3 per cent annual growth (after accounting for refunds).Total refunds jumped 19.3 per cent (on-year) to Rs 31,793 crore, leading to a net GST revenue of Rs 2,10,909 crore for the month.The …
Rajkot, April 29 (IANS) A trap operation by the Gujarat Anti-Corruption Bureau (ACB) in Rajkot has resulted in the arrest of a Central GST (CGST) superintendent and a tax consultant for allegedly accepting a Rs 20 lakh bribe, officials said on Wednesday.Mukesh Kumar, 43, a superintendent posted with CGST Division-1, Range-5 in Rajkot, and Akash Kaloliya, 33, a tax consultant, were caught on April 28 during a planned operation at Creative Complex located near the city’s ST bus station.According…
Mumbai, April 28 (IANS) The formal agreement for the transfer of the iconic Air India building at Nariman Point in Mumbai is set to be signed between the Maharashtra government and Air India Assets Holding Limited (AIAHL) within the next week, government officials said on Tuesday. While the state government moved to purchase the building for Rs 1,600 crore nearly two-and-a-half years ago, the transaction had remained incomplete until recently. The Finance Department has now officially transferre…
New Delhi, April 27 (IANS) India’s passenger vehicle (PV) wholesale volumes rose 16 per cent year‑on‑year (YoY) to 4.4 lakh units in March 2026 and improved 6 per cent sequentially, as original equipment manufacturers (OEMs) continued steady production to cater to the robust domestic demand, a report said on Monday.The automobile wholesale volume is projected to grow 4–6 per cent in FY27, as demand is supported by GST rate cuts and new model launches, the report from ICRA said. The growth …
Mumbai, April 24 (IANS) India Inc is estimated to have recorded 8.5–9 per cent year-on-year (YoY) revenue growth in the fourth quarter of fiscal 2026 (Q4 FY26), driven by strong volume momentum in automobiles and white goods after GST rate rationalisation in September 2025, a report said on Friday.The data compiled by Crisil Intelligence noted that while corporate India has maintained healthy growth so far, the outlook for the first quarter of fiscal 2027 is likely to moderate, with revenue gr…
Mumbai, April 22 (IANS) SBI Life Insurance on Wednesday reported a marginal 1 per cent decline in its net profit for the fourth quarter of FY26, even as premium income showed strong growth.During the quarter, the insurer’s profit after tax (PAT) stood at Rs 804.64 crore, compared with Rs 813.5 crore in the same quarter last year.On a quarter-on-quarter basis, net profit jumped by about 40 per cent from Rs 576.74 crore in the third quarter of the fiscal.Moreover, net premium income rose 16 per …