Business

DAINIK NATION BUREAU The Income-Tax?Department on Thursday released a pan-India list of 24 defaulting individuals and companies who owe about Rs 490 crore in taxes to the exchequer but have either gone untraceable or have reported inadequate assets for payment of dues The department issued an advertisement as part of its name and shame defaulters policy in leading national dailies ...

Reserve Bank of India (RBI) has fined ICICI Bank Rs 58.9 crore for violating norms relating to sale of government securities from the held-to-maturity category of its bonds portfolio. This is the highest penalty imposed by RBI on a bank for a single incident. Shares of ICICI Bank were down nearly 2 per cent to Rs 278 in early morning ...

DAINIK NATION BUREAU British pharmaceutical company Glaxosmithkline plc will assess its Indian Consumer healthcare subsidiary as it looks to fund a $13 billion buyout of Novartis’ stake in their global consumer healthcare joint venture, the company said on Tuesday. This is part of a “strategic review” of consumer nutrition products that may include the sale of Horlicks, for which India ...

DAINIK NATION BUREAU In a bid to provide market to the farmers, state government is developing UTTARA HAAT on the pattern of DELHI HAAT at Tera Gaon near IT Park, Dehradun. To attract the crowd they are organizing Cultural and Musical Fest, which is to begin by March 29 and will continue till April 1. In which various prominent music ...

DAINIK NATION BUREAU A oral care manufacturing company, JHS Svendgaard Laboratories has entered into a partnership with Patanjali Ayurved to set up exclusive Patanjali stores at airports across the country. “There is a captive audience at airports, which Patanjali will tap into through these stores,” JHS Svendgaard managing director Nikhil Nanda disclosed to media. Their plan is to set up ...

Rising for the fifth straight session, gold prices rose by another Rs 95 per 10 grams at the bullion market today on sustained buying by local jewellers. Silver recovered marginally by Rs 20 per kg on mild offtake from industrial units. Standard gold (99.5 purity) rose by Rs 95 to finish at Rs 30,780 per 10 grams from Friday’s closing ...

Scam-hit Punjab National Bank had issued as many as 41,178 Letters of Undertaking (LoUs) since 2011, of which 1,590 were given to Nirav Modi, Mehul Choksi and their associates, the finance ministry has said. Fraudulent LoUs of the state-owned PNB were used by diamantaire Nirav Modi and his associates to defraud the bank of about Rs 13,000 crore. Following the ...

he Supreme Court today asked the embattled realty firm Jaiprakash Associates Limited (JAL) to deposit Rs 200 crore in two installments by May 10. The bench headed by Chief Justice Dipak Misra asked the real-estate major to deposit Rs 100 crore by April 6 and the rest by May 10. The bench, comprising justices A M Khanwilkar and D Y ...

After the reports of data leak surfaced, where the whole world is shocked on one side, on the other hand, the data leak of millions of users on the other side has also caused a major setback to Facebook. According to reports, on Monday, shares of the American social media gaint fell nearly 7 percent. Because of this, Facebook CEO ...

Mumbaikars hoping to travel by app-based cabs run by Ola or Uber on Monday may find it difficult to find a ride, as thousands of independent drivers working with the aggregators will go on an indefinite strike from midnight on Sunday against the companies’ policies. In Mumbai, the strike is being spearheaded by the Maharashtra Navanirman Sena (MNS). Driver-owners in ...