Government approves Cochin Shipyard IPO and 10% stake sale in Coal India

NEW DELHI: The government has approved 10% stake sale in Coal India and initial public offer of Cochin Shipyard, restarting the disinvestment programme that had been put on hold in a weak market. The stake sale in Coal India will be carried out through the offer for sale mechanism, the timing of which will be […]

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Income Tax raids Hira Group in Chhattisgarh

RAIPUR: In a major operation to uncover undeclared wealth, Income tax (Investigation wing) officials on Wednesday raided over two dozen premises of a leading Chhattisgarh industrial group, Hira, across Maharashtra, Delhi, Rajasthan, Odisha, Andhra Pradesh and Raipur. Majority of the raids were cantered in Raipur, where over 100 IT sleuths arrived today early morning from […]

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I-T dept raids Rajesh Exports’ jewellery store in Bangalore

The income tax department on Tuesday raided Rajesh Exports Ltd’s retail arm, Shubh Jewellers, which has stores across Karnataka. A source familiar with the matter confirmed the I-T department was conducting the search at a store in the central business district of the city. “The I-T department is probing alleged tax evasion and understatement of […]

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