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The two real estate firms have engaged in tax fraud by inflating expenses in their construction and development business to the tune of Rs 28 crore, having made bogus purchases and resorted to over-invoicing of the construction materials, the IT officials said. Representational image/DC

Hyderabad real estate clocks 32% sales growth in September quarter

HYDERABAD: The Hyderabad real estate market continued to remain robust, clocking a 32 per cent growth in sales in the...

30 Sept 2022 6:50 PM IST

After unearthing a rampant fake invoicing scam to evade goods and services tax (GST), the Central Board of Indirect Taxes and Customs (CBIC) amended rules making it mandatory for businesses with monthly turnover of over Rs 50 lakh to pay at least 1 per cent of their GST liability in cash from January 1. (ANI File)

GST revenue in September likely at Rs 1.45 lakh cr

New Delhi: Goods and Services Tax (GST) revenue mop-up in September is expected to be around Rs 1.45 lakh crore, an...

28 Sept 2022 1:52 PM IST

Indian rupee appreciated by 25 paise to 76.02 against the US dollar in early trade on Wednesday. (PTI Photo)

Rupee falls 26 paise to close at 80 against dollar

MUMBAI: The rupee declined by 26 paise to close at 80.00 (provisional) against the US dollar on Wednesday, tracking the...

21 Sept 2022 4:17 PM IST

In a circular, the Brihanmumbai Municipal Corporation (BMC) asked the Mumbai airport operator to communicate this new rule to all the domestic airlines. (PTI Photo/File)

Mumbai airport handles record 1,30,374 passengers in 24 hours, highest...

The growth in traffic is a result of newer destinations, rising flight movements and an increase in airline capacity

20 Sept 2022 1:07 PM IST

However, a positive opening in domestic equity market and easing crude oil prices supported the rupee and restricted the fall, forex dealers added.

Rupee falls 2 paise to close at 79.80 against US dollar

MUMBAI: The rupee pared its initial gains and settled 2 paise lower at 79.80 (provisional) against the US dollar on...

19 Sept 2022 4:28 PM IST

Union Finance Minister Nirmala Sitharaman speaks during a press conference at NMC in New Delhi, Thursday, Sept. 16, 2021. (PTI /Manvender Vashist)

FM Sitharaman to India Inc: What stops you from investing

FM expressed concerns over an issue of payment of dues to micro, small, and medium enterprises and asked big corporates...

13 Sept 2022 9:14 PM IST

Union finance minister Nirmala Sitharaman. (PTI)

Finance ministry mulls easing laws to increase insurance penetration

NEW DELHI: The finance ministry is contemplating changes in insurance laws, including reduction in minimum capital...

11 Sept 2022 8:28 PM IST

Union power minister R K Singh (Twitter)

Power discoms-' outstanding dues towards gencos to be eliminated by...

Government has converted the total outstanding dues of discoms toward gencos (power generator companies) into Equated...

11 Sept 2022 1:00 PM IST

Government has decided to procure rice from surplus districts, including Suryapet, Karimnagar and Nizamabad. (Image: PTI)

India-'s kharif rice production may fall by 10-12 mn tonne: Food...

NEW DELHI: India's rice production could fall by 10-12 million tonnes during the Kharif season this year due to a...

9 Sept 2022 11:25 PM IST

A demat account is mandatory to participate in IPOs. A policyholder who wishes to apply for LICs IPO should be the first account holder in the demat account. In case it is a joint account, then the policyholder should be the first or primary holder. Representational image/By arrangement

Demat account count tops 10 crore

MUMBAI: The number of demat accounts in the country crossed the 100-million mark on August 31, 2022, showing the equity...

7 Sept 2022 5:52 PM IST

At the interbank foreign exchange, the rupee opened strong at 70.55, registering a rise of 26 paise over its previous close of 70.81.

Rupee rises 8 paise to close at 79.79 against US dollar

MUMBAI: The rupee appreciated 8 paise to close at 79.79 (provisional) against the US dollar on Monday, in line with a...

5 Sept 2022 4:26 PM IST

Indias electricity generation during the first half of June fell at a slightly faster rate than in May. (AFP Photo)

Electricity Amendment Bill may be pushed for passage in Winter Session...

New Delhi: The power ministry is likely to be able to bring the Electricity Amendment Bill 2022 for consideration and...

4 Sept 2022 12:49 PM IST