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I-T warns against cash dealings of Rs 2 lakh; seeks tip-off

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New Delhi : Income Tax department on Friday warned people against indulging in cash transaction of Rs 2 lakh or more saying that the receiver of the amount will have to cough up an equal amount as penalty. It also advised people having knowledge of such dealings to tip-off the tax department by sending an email to ‘blackmoneyinfo@incometax.gov.in’.The government has ...

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After Uttarakhand, Uttar Pradesh ban Maggi, NGO demands ban on sale of Maggi in Himachal Pradesh

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Shimla : After a ban on use of Maggi Noddles by Uttar Pradesh and Uttarakhand governments, an NGO today sought an immediate ban on the sale and advertisements of Maggi noddles in the state. Umang Foundation, a public welfare trust, today urged the Himachal government to immediately impose a ban on sale and advertisments of Maggi Noodles.The Uttar Pradesh and ...

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Ratan Tata buys stake in Xiaomi: Top 9 companies the Tata Chairman Emeritus has invested in

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Ratan Tata is once again in news after acquiring stocks in the Chinese smartphone manufacturer company, Xiaomi. Tata yesterday acquired stakes in the Chinese manufacturer company, Xiaomi which is the first ever investment in the company by any Indian. According to an annual study by Brand Finance India, Tata has retained its position as the most valued brand of the ...

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Sensex opens higher, dips and then recovers slightly

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Mumbai, April 28: After shedding 6.5 percent over nine past sessions, the sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened slightly higher on Tuesday and came immediately under some volatile trading.The 30-share index opened higher at 27,215.61 points, as against the previous close at 27,176.99 points and almost immediately fell to 27,116.81 points. It rose subsequently to 27,247.91 ...

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Diageo asks Vijay Mallya to quit United Spirits

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London/New Delhi, Apr 27: With United Spirits asking its own chairman Vijay Mallya to quit, the majority owner Diageo today said its “contractual obligations” to support his presence would not apply in the event of “defaults” by the Indian businessman and his group firm UB Holdings Ltd.A major boardroom battle broke out this weekend at United Spirits Ltd (USL), where ...

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