Designer deals, deceptive declarations: DRI busts multi-crore luxury furniture import racket

Designer deals, deceptive declarations: DRI busts multi-crore luxury furniture import racket

Follow Us on Google News New Delhi, July 23 (IANS) In a significant enforcement action, the Directorate of Revenue Intelligence (DRI) has busted a sophisticated, well-orchestrated customs fraud in imports of premium luxury furniture. Acting on specific intelligence, DRI officials conducted searches across multiple locations, including business premises, warehouses, offices of freight forwarders, customs brokers, … Read more

India will enter trade deals only if they’re in country’s interest: Piyush Goyal

Follow Us on Google News Mumbai, July 19 (IANS) Union Commerce Minister Piyush Goyal on Saturday said that India will enter international trade agreements only if they serve the country’s interests. Addressing the media during an event organised by leading industry chamber Assocham here, the minister said if India gets a good trade deal, it … Read more

Fragmentation law for land deals in urban areas to be repealed: Maha Minister

Follow Us on Google News Mumbai, July 9 (IANS) Maharashtra Revenue Minister Chandrashekhar Bawankule on Wednesday announced in the state Assembly that the government will repeal the fragmentation law for land transactions up to one guntha in urban areas. He said that according to the Maharashtra Prevention of Fragmentation and Consolidation of Holdings Act, 1947, … Read more

US Treasury Secretary hints at more trade deals ahead of July 9 deadline for tariff hike

Follow Us on Google News New Delhi, July 7 (IANS) United States’ Treasury Secretary Scott Bessent on Sunday said that Washington is close to reaching agreements on several trade deals as “a lot of proposals” have poured in from various countries at the last minute. His comments hint at several big trade deal announcements by … Read more

Ola Electric shares crash 72 pc from peak amid weak earnings, block deals

Follow Us on Google News Mumbai, June 25 (IANS) Ola Electric’s stock has taken a massive hit, plunging 72 per cent from its record high of Rs 157.40, which it had touched on August 20, 2024 — just six days after making a strong debut on the National Stock Exchange (NSE) at Rs 75 per … Read more

Govt seals Rs 1,982 crore deals for defence hardware to beef up Army’s counter-terror capability

Follow Us on Google News New Delhi, June 24 (IANS) In a significant move to strengthen the Indian Army’s operational readiness in counter-terrorism operations, the Ministry of Defence has concluded 13 contracts worth Rs 1,981.9 crore under the Emergency Procurement mechanism, according to an official statement issued on Tuesday. The key equipment being procured includes … Read more

‘From backchannel deals to sham opposition’: NC has perfected art of deception, says AIP

Follow Us on Google News Srinagar, April 16 (IANS) J&K Awami Itihaad Party (AIP) slammed the National Conference (NC) on Wednesday following revelations by former RAW Chief A.S. Dulat in his new book ‘The Chief Minister and the Spy’, asserting that from backchannel deals to sham opposition, the NC has perfected art of deception. Chief … Read more

M&A, PE deals in consumer sector surge to 3-year high at $4 bn in Jan-March

Follow Us on Google News Mumbai, April 15 (IANS) The value mergers and acquisitions (M&As) as well as private equity (PE) deals in India’s domestic consumer and retail markets rose to a three-year high of close to $4 billion in the January-March quarter this year, according to consultancy firm Grant Thornton Bharat’s quarterly deal tracker … Read more

Securitisation deals jump 24 pc to Rs 2.35 lakh crore in FY25 as banks raise more funds

Follow Us on Google News Mumbai, April 7 (IANS) Securitisation volume in India rose 24 per cent on-year to around Rs 2.35 lakh crore in financial year 2024-2025, the highest on record, driven by large deals originated by private sector banks and steady fund raising by non-banking financial companies (NBFCs), according to a Crisil report … Read more

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