Bengaluru, Jan 5 (IANS) In a significant blow to tax evasion networks plaguing India’s Goods and Services Tax (GST) system, the Enforcement Wing (South Zone) of Karnataka’s Commercial Taxes Department has exposed and dismantled a sprawling interstate fake invoicing cartel.Operating across Karnataka and Tamil Nadu, the syndicate orchestrated fraudulent transactions totalling a staggering Rs 1,464 crore in building materials like cement, iron, and steel, leading to the wrongful claiming and passin…
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Mumbai, Jan 1 (IANS) Indian equity markets ended the first trading session of the calendar year 2026 on a flat note, as investors stayed cautious in the absence of strong domestic or global triggers.At the close of trade, the Sensex slipped marginally by 32 points, or 0.04 per cent, to settle at 85,188.6.The Nifty, meanwhile, edged higher by 16.95 points, or 0.06 per cent, to close at 26,146.55.“For the Nifty, 26,000–26,050 continues to act as an immediate support zone; as long as this area …
Mumbai, Jan 1 (IANS) Shares of major cigarette makers fell sharply on Thursday after the government announced to slap a fresh excise duty on cigarettes next month, a move that is expected to push up prices and impact sales. Stocks of ITC and Godfrey Phillips dropped by as much as 19 per cent during the intra-day’s trade on Thursday.According to a government order, the new excise duty will come into effect from February 1.The duty has been fixed in the range of Rs 2,050 to Rs 8,500 per thousand…
Mumbai, Dec 23 (IANS) Indian equity benchmark indices ended on a mixed note on Tuesday, as weakness in information technology stocks weighed on the market, even as buying in financial, FMCG and metal shares provided some support. Investor sentiment also remained cautious due to the weekly expiry of Nifty derivatives.The Sensex snapped its two-day winning streak and closed marginally lower, slipping 0.05 per cent to settle at 85,524.84.In contrast, the Nifty managed to extend its gains for a thir…