Khushboo Narayan

Articles By Khushboo Narayan

Its owners in jail, Bombay HC says Chandamama is up for sale

According to sources, Chandamama alone has been valued at over Rs 25 crore. Geodesic Ltd — the company that owns the magazine — faces provisional liquidation on allegations of fraud and siphoning of funds.

Why multiple agencies are after little known co-op society in Ahmednagar

Ahmednagar-headquartered Renukamata Multistate Co-op Urban Credit Society Ltd, according to the tax agency, has routed suspicious transactions of over Rs 11,000 crore in the last five years through banks, sources told The Indian Express.

MCA asks SFIO to probe three Yash Birla-promoted firms

The MCA order of January 7 directing an investigation into the three Birla firms is based on a September 2018 inspection report of the RoC that has alleged diversion of funds by these three firms.

Accidental Prime Minister: Firm tied to director faces UK tax fraud charges

Contacted by The Indian Express, Gutte said the tax relief was claimed by submitting genuine papers and the producers have followed the necessary procedure.

Mumbai: DGGSTI arrests promoters of textile firms

The DGGSTI has also written to the National Company Law Tribunal (NCLT) to remove Oneworld Industries from the Insolvency and Bankruptcy Code (IBC) proceedings as one of the operational creditors of the textile firm dragged it to bankruptcy court with its connivance, sources told The Indian Express.

Consumer price inflation at 2.33%, for Mumbaikars it feels over 10%

Overall, for India as a whole, inflation expectations remained sticky.

Facing probe by UPA govt, Jignesh Shah’s firm rented farmhouse owned by Rahul, Priyanka

Rental routine, UPA took decisive action against firm, Shah... Modi facing defeat, running smear campaign: Congress

Nirav Modi scam: IT report waved red flags 8 months earlier, was not shared

Sources said the tax department, before February 2018, also did not share its findings through the Regional Economic Intelligence Council (REIC), a mechanism for sharing of information between various law enforcement agencies.

Maharashtra tops the list of states with outstanding bank credit

That was not only short of the 11.8 per cent bank credit growth for India as a whole, but also one of the lowest in the country.

Realty JV developing SRA project in Mumbai under I-T dept scanner

Hillcrest Joint Venture, a JV of Giraffe Developers and Atul Projects India Pvt Ltd, was surveyed by the tax department on October 30.

NSEL case: SFIO says wind up 148 brokerages for ‘fraudulent manner’ of business

The SFIO probe has also found that the brokers failed in their duty to inform their clients on the risk in trading at NSEL and did not carry out due diligence to verify the availability of the traded commodities at the warehouses of NSEL.

Explained: Why ATM operators are unhappy, what happens if cash machines shut

The Confederation of ATM Industry has said the regulatory changes will make it impossible for ATM service providers to meet the cost of compliance. The ATM industry thinks there is no option but for banks to step in to bear the load.

Maharashtra home to highest number of rich real estate entrepreneurs

In Maharashtra, there are 41 such entrepreneurs spread across three districts — Mumbai, Thane and Pune. Maharashtra was followed by followed by Delhi with 22 individuals and Karnataka with 21 individuals.

PNB fraud: Interpol notice on way, Mehul Choksi seeks to make video statement

Lawyers file fresh applications, tell court he is ill, will return to India in three months if his health improves

Many challenges in implementation of Mumbai Development Plan 2034: Study

In the past 20 years, only 1 lakh slums have been rehabilitated and the pace is not going to increase. The primary reason for the failure of the earlier policy was lack of understanding of market conditions and the DCPR carries forward the same set of mistakes, study showed.

Corruption in coal import in Indore: No ‘sufficient’ evidence, CBI closes case

The CBI in its closure report said “the disputed coal (supplied from 2011 to 2013) has already been consumed by NTPC Ltd, and the samples of the same were not retained at the NTPC laboratory” for CBI to conduct tests.

DRI probes domestic aviation majors for alleged duty evasion

Under the norms, parts of aircraft classified under customs tariff heading 8803 attract 5 per cent IGST while the IGST applicable on other goods is between 18 per cent and 28 per cent, depending on its classification.

Retail digital payments jump in FY18

The total value of such transactions in 2017-18 stood at Rs 299.3 lakh crore up 64.64 per cent from Rs 181.7 lakh crore in 2015-16.

Note ban, PNB fraud hit gold business: Zaveri Bazaar jewellers face challenging times

Zaveri Bazaar is currently doing sales worth Rs 165 crore daily, as against Rs 170 crore per day last year and Rs 225 crore worth of sales before demonetisation in 2016.

Maharashtra a middling performer in case of macroeconomics: study

The brokerage arrived at this conclusion after analysing 20 different parameters during the two-and-half year period ending September 2018.

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