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The Latest Breaking News from Mumbai

BBC survey: Tax dept claims ‘irregularities in payments’, points to ‘crucial evidence’

A day after it concluded its three-day survey on the BBC’s premises in Delhi and Mumbai, the income tax department on Friday claimed to have “unearthed crucial evidences” and “irregularities” in “certain tax payments”.

Newslaundry

Under Cost-Cutting Drive, Twitter Shutters Offices In Delhi, Mumbai; Staff To Work From Home

Twitter has shut offices in Delhi and Mumbai and asked staff members to work from home. Read further on Dynamite News:

Dynamite News

Rohit Sharma best IPL captain: Virender Sehwag

NEW DELHI: Former explosive India opener Virender Sehwag feels Rohit Sharma is the best IPL captain, picking the Mumbai Indians' skipper over legendary MS Dhoni.

The Times of India

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Tax survey ends on Day 3, BBC says will continue to report without fear

Income tax officials have ended their survey at the BBC offices in Delhi and Mumbai, according to the British broadcaster. The offices were searched over three days with the government suggesting that the move was linked to an alleged violation of transfer pricing rules and diversion of profits.

Newslaundry

The Staged Bomb Scare That Backfired on Mumbai’s Notorious Cops

Terrorists were blamed when explosives were found in an SUV parked outside billionaire Mukesh Ambani’s home in 2021. The truth was far more alarming.

Businessweek

I needed to settle down financially, so had to opt out of Band of Boys: Sudhanshu Pandey

Actor Sudhanshu Pandey, who is currently seen in the TV show Anupamaa, used to be a part of the boy band A Band of Boys. However, the actor opted out of the band in 2005. Recently, the band performed at the Kala Ghoda Arts Festival. We asked Sudhanshu if he…

The Times of India

Most Adani dollar bonds rally out of distressed territory

MUMBAI: Most Adani group dollar bonds have climbed out of distressed territory after the company said it will address upcoming maturities, the latest boost to investor sentiment in recent days after an initial rout sparked by a US short-seller report.

The Times of India

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Sulakshan Kulkarni appointed new Tamil Nadu head coach

CHENNAI: Tamil Nadu appointed former Mumbai wicketkeeper Sulakshan Kulkarni as their next coach following dismal performances of the state team in the Ranji Trophy in the past few seasons. Kulkarni takes over from R Venkatramana, who was in charge for the last couple of seasons.

The Times of India

My son is 15 and already working hard to get a chance in IPL: Virender Sehwag

MUMBAI: His father once lit up the IPL with his dazzling strokeplay, and now, Virender Sehwag's son Aryavir Sehwag, a budding cricketer who found a place in the Delhi Under-16 squad last season, too is itching to play in the high-profile T20 tournament.

The Times of India

Markets end marginally higher amid volatile trade

MUMBAI: Equity benchmark indices ended marginally higher on Thursday amid volatility faced during the last minutes of trading hours as concerns over rising inflation and fears of monetary tightening worldwide hit the sentiment.

The Times of India

Indian tax officials end 'stressful' 3-day BBC inspection

Indian tax officials on Thursday left the BBC's offices in New Delhi and Mumbai, after a three-day inspection that involved the cloning of data from some digital devices, the tax department said.

Reuters

Indian officials probe BBC for 3rd day, alleging tax dodge

India’s tax officials are searching the BBC offices in New Delhi and Mumbai for a third straight day seeking information about the organization’s business operations amid allegations of tax evasion

The Independent UK

‘Tea breaks, keyword searches’: Inside the BBC ‘survey’ as it enters Day 3

The income tax “survey” at BBC’s Delhi and Mumbai offices entered the third day on Thursday. A team of two dozen tax officials are probing alleged transfer pricing violations and diversion of profits.

Newslaundry

Daily Dose Ep 1278: BBC survey continues, another Adani ‘fraud’ plea in SC

Gurmehar Kaur brings you the news from Delhi, Supreme Court, Mumbai, Tamil Nadu, and New Zealand.

Newslaundry

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The Times of India

Sensex, Nifty rise for 2nd day on gains in oil, IT & auto shares

MUMBAI: Benchmark sensex pared early losses to close 242 points higher while Nifty settled above the 18,000-mark on Wednesday following gains in IT, oil and select banking stocks amid mixed global trends.

Dynamite News

Maharashtra: Woman Killed In Fire At Kurla High-Rise, Several Injured

A woman was killed in a massive fire that broke out at a multi-storied residential building in Mumbai's Kurla West on Wednesday. Read further on Dynamite News:

The Times of India

We are in 21st century, still there are incidences where girls are treated as commodities: Bombay HC

MUMBAI: “We are in the 21st century and still there are incidences where the girls are treated as commodities and they have been used as a medium for financial benefit," said the Bombay high court expressing concern while granting bail to a woman accused last year of buying a one-year-old…

Dynamite News

Mumbai Man Arrested In Madhya Pradesh After Killing Wife Over Money

A day after a woman's decomposed body was found in a Mumbai flat, the Crime Branch arrested her husband from Madhya Pradesh. Read further on Dynamite News:

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The Guardian - AU

Tax raids at BBC offices in India enter second day

Searches in offices in Delhi and Mumbai come weeks after the release of BBC documentary critical of prime minister Narendra Modi

The Times of India

Retail investors keep faith in Indian market despite $129 billion rout in Gautam Adani stocks

MUMBAI: Individual stock investors in India are keeping faith in the country’s $3.1 trillion equity market even after a punishing selloff in Adani group shares threatened to drag down one of the world’s best-performing indexes since the pandemic.

Reuters

India, soon world's most populous nation, doesn't know how many people it has

In two months, India is projected to become the world's most populous country with over 1.4 billion people. But for at least a year, and possibly longer, the country won't know how many people it has because it hasn't been able to count them.

Reuters

Indian tax probe of BBC a follow-up, not vindictive - govt official

India embarked on an income tax survey of BBC offices after the British news organisation failed to offer a convincing response to earlier tax notices, a government official said on Wednesday, weeks after India blocked a BBC documentary as propaganda.

The Times of India

Decoding Saurashtra's incredible Ranji run

Individual commitment to a group effort. That, perhaps, best explains Saurashtra’s cricket journey over the past decade. Although they started competing as Saurashtra from the 1950-51 season, it wasn’t until 2012-13 that they turned title contenders. After making three appearances in the final (2012-13, 2015-16 and 2018-19), Saurashtra finally took…

The Times of India

Irani Cup could be D/N game played with pink ball

MUMBAI: The upcoming Irani Cup fixture between last season's Ranji Trophy champions Madhya Pradesh and Rest of India is likely to be a pink ball match under lights, TOI has learnt.

The Times of India

Gautam Adani group touts cash reserves in bid to calm investors

MUMBAI: Indian billionaire Gautam Adani’s embattled conglomerate said it has adequate cash reserves and its listed companies are able to refinance their debts.

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