Certain have been using fake hawala bills to inflate their turnover, a sales tax department investigation has found. Achievement of a certain level of turnover is an entry-level criterion for companies to bid for such big-ticket (multicrore) projects
A tax evasion racket involving over 400 firms, most of which are based in the city, has come to light. The state sales tax department, which busted the racket, claimed that its initial assessment showed that the racket involved transactions worth Rs
Even as India has been cited as an example of prudential banking norms, the Reserve Bank of India (RBI) today said some lenders are not monitoring effectively use of loans by borrowers, which is facilitating diversion of funds. This came to light whe
In the alleged Rs 400-crore fraud by a senior employee at a Gurgaon branch of Citibank, RBI is probing whether there have been any violations of norms related to customer verification and monitoring of accounts. The initial probe by the banking regul
Sealed Tenders are invited from Registered Chartered Accountant Firms having minimum 10 years experience to be empanelled for internal audit work of Jawahar Navodaya Vidyalayas located in the State of Uttar Pradesh and Uttarakhand. Tender forms with
Anil Ambani group today said Reliance Infra and RNRL settled the Sebi probe through voluntary terms proposed by them and the regulator did not impose any ban on the companies or their directors. “There is no bar or ban imposed by Sebi on the compa
The reputed CA firm should have been in existence for 10 years or more for MMTC offices located in ‘A’ class cities and 5 years or more for MMTC offices located in other cities. At least one partner should have an association of 5 years or more with
The Securities and Exchange Board of India (SEBI) has passed a consent order regarding the Reliance Infrastructure and RNRL investigation that showed misrepresentation of investments. In an exclusive interview with CNBC-TV18, Amarjit Chopra, Presiden
CBI officers on Saturday arrested Deputy Manager of State Bank of India Ajay Kumar Sinha when he was accepting a bribe of Rs 30,000. Sinha, posted in the Small and Medium Enterprises, Cash Credit Centre in the bank’s Patna Main Branch, was arrested
India is becoming a hot destination for the investment among the top countries in the world. This is evidenced by the recent visits of Heads of States of all the important economic powers in the international arena. Starting with UK, followed by USA,
