Chinese telecom firm Huawei raided for tax evasion

New Delhi (IANS) Raids are being conducted at multiple premises linked to Chinese telecom company Huawei across the country in connection with alleged tax evasion.

A source said that the Income Tax department on Tuesday started the search operation…

Value buying boosts equity indices; Sensex gains over 1,500 pts

Mumbai (IANS) Value buying pushed India's key indices -- S&P BSE Sensex and NSE Nifty50 -- higher during Tuesday's late afternoon trade session.

The upward movement comes a day after a sharp correction took place on the back of heightened…

India's Jan merchandise exports rise over 25%, imports 23%

New Delhi (IANS) India's January 2022 merchandise exports rose to $34.50 billion, higher by 25.28 per cent on a year-on-year basis, official data showed on Tuesday.

The exports during January 2021 stood at $27.54 billion.

The data…

Succession planning as Noel Tata joins two Tata trusts as trustee

New Delhi (IANS) In an important development signalling succession planning, two main Tata trusts controlling Tata Sons roped in Noel Tata as a trustee making him a board member, as per media reports.

Reports said the move signals succession…

India's Jan wholesale price inflation sequentially eases to 12.96%

New Delhi (IANS) Lower prices of manufactured goods and a slight dip in fuel cost eased India's January 2022 wholesale inflation on a sequential basis.

Accordingly, the annual rate of inflation, based on wholesale prices, eased to 12.96…

Not possible: Maran, KAL Airways to SC on Rs 600 Cr settlement offer by SpiceJet

New Delhi (IANS) Kalanithi Maran and KAL Airways informed the Supreme Court on Monday that SpiceJet's offer of Rs 600 crore towards full and final settlement of the share transfer dispute was not acceptable.

Senior advocate Maninder Singh,…

Vizag Steel Plant workers intensify protest against privatisation

Visakhapatnam (IANS) Employees of the Visakhapatnam Steel Plant (VSP) on Sunday organised 'jail bharo' programme to mark one year of their protest against proposed privatisation.

Demanding that the Central government take back its decision…

LIC files DRHP, intends to list 5% equity via IPO

New Delhi (IANS) The Life Insurance Corporation of India on Sunday filed the Draft Red Herring Prospectus (DRHP) with capital markets regulator SEBI.

The insurer is looking to sell the Centre's five per cent equity stake in the company…

Banks had tried to revive ABG Shipyard but failed: SBI

New Delhi (IANS) The State Bank of India on Sunday said that the consortium of banks, which had made loans to ABG Shipyard, had tried to revive its operations but all efforts failed as it was going through a downturn.

It said that the fraud…

India-based startups raised $39 bn in 2021; mortality rate down to 1%

New Delhi (IANS) India-based startups raise $39 billion capital in 2021, said Grant Thornton Bharat.

The report on the democratisation of India's startup ecosystem showed a total funding of $39 billion, a rise of 255 per cent from $11.8…