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Income Tax (I-T) department has set the ground to tap Interpol for information on the current whereabouts, identity, and hidden assets of tax dodgers. A standard operating procedure has been circulated for initiating requests to Interpol, the world's largest international police organisation with 194 member countries, sources told ET. While tax evasion is a criminal offence and may attract penalty and even imprisonment, the I-T department does not seek the help of Interpol in going after tax fraud offenders. However, learning from past experiences, the tax office believes that accessing the latest information on such fugitives-their locations, front entities, and details of newly acquired assets-would help to freeze bank accounts and other assets faster.

Subscribe to enjoy similar stories. New Delhi: The Parliamentary Standing Committee on Chemicals and Fertilizers reviewed the prices of essential medicines on 7 January in a meeting attended by officials from the Department of Pharmaceuticals (DoP). This move may lead to a lowering of prices of life-saving medicines.

Maha Kumbh, with plans to operate over 300 trains, including 80 special services, to ensure efficient transportation for devotees arriving in Prayagraj, an NCR official said. Hours ahead of the commencement of the Maha Kumbh, the Chief Public Relations Officer (CPRO) of NCR, Shashi Kant Tripathi, told that the railway authorities have completed all necessary preparations, including crowd management, ticket booking counters, train services, and security arrangements. Providing details about train services, the CPRO said that North Central Railways will also introduce unreserved short-distance regular trains starting tomorrow.

Subscribe to enjoy similar stories. Non-resident Indians play a vital role in India’s economic and social progress, significantly contributing to the country’s growth through remittances, investments, entrepreneurship, and international trade. As the Union Budget for 2025-26 approaches, NRIs will be looking for clarity on certain rules as well as incentives and reforms that could strengthen their contribution to India’s economic landscape.

Interpol 'Silver Notice' a «more effective» tool than the Mutual Legal Assistance Treaties (MLATs) for gathering information on illicit assets parked offshore, CBI Director Praveen Sood has said it was Prime Minister Narendra Modi's idea, which has now been realised. In an exclusive interaction with PTI, he said Prime Minister Modi had proposed in 2015 a system under the Interpol to trace money laundered offshore, and it has now taken shape as the Silver Notice. The Notice, aimed at locating illicit assets laundered across borders, is the newest addition to the Interpol's suite of eight colour-coded Notices and Diffusions, which enable countries to share alerts and requests for information worldwide. Conventionally, the information on illicit assets is gathered through MLATs which are treaties between two countries whereby they cooperate to provide and obtain formal assistance in the prevention, suppression, investigation, and prosecution of crime.

Meta's shock announcement that it would halt its fact-checking operations in the US has stunned media outlets and netizens around the world. Now a purported reason behind the Facebook, Instagram, WhatsApp owner's move has been revealed. Zuckerberg's own post regarding his injury while training for a mixed martial arts (MMA) bout could not become viral due to censorship restrictions, New York Post reported quoting Wall Street Journal. «Tore my ACL sparring and just got out of surgery to replace it. I was training for a competitive MMA fight for early next year, but now that’s delayed a bit. Still looking forward to it after I recover. Thanks to everyone for the love and support,» Meta CEO posted in November 2023.

Prime Video on February 20, 2025. Episodes will be released weekly after an initial three-episode launch.

Abhishek Kar, a finfluencer who recently faced backlash for making derogatory remarks about Assam's history and traditions on social media, has issued a public apology. The comments, made during a podcast, were met with severe criticism from the Assam government, prompting the Chief Minister’s Office (CMO) to condemn Kar's statements on X (formerly Twitter). In response, Kar clarified that his intention was never to cause harm and promised to be more careful in the future when sharing information. The tweet from CMO read, “A video from a YouTube channel ,named Riya Upreti, is in circulation where an individual named Abhishek Kar is seen making unacceptable comments on Assam's history and traditions. Appropriate action may be initiated against the said individual for spreading misinformation. @assampolice” Kar, who describes himself as a «trader, investor, and mentor» on his YouTube channel, had earlier posted a video spreading misinformation about a village in Assam, claiming that women there had the ability to turn people into goats and back to humans through tantric practices. His remarks triggered an FIR, and a senior police officer confirmed that an investigation into the matter had been initiated.

digital arrest scam and lost more than Rs 1.2 crore between December 21 and January 3. In a desperate attempt to pay the fraudsters, she even took out a loan of Rs 40 lakh after they drained her savings. According to a TOI report, Keerthana (name changed), from east Bengaluru, lodged a complaint with the East CEN Crime police, revealing that the scam began on December 11 when she received an IVR call from a number (+971 71518333) claiming to be from the courier service ‘DHL’. Following the instructions, she spoke to someone pretending to be a courier executive, who told her that a parcel sent in her name contained six fake passports, ATM cards, and illegal drugs like MDMA. Keerthana explained that she hadn't ordered any such parcel. She was then told that she needed to go to Mumbai to clear the matter with the police. When she expressed that she couldn't immediately travel, the fraudster connected her to someone posing as «Sunil Dutt Dubey», a police officer from Mumbai's crime team.

Ola Electric for additional documents as part of its ongoing investigation into the electric two-wheeler manufacturer. “In continuation of the earlier letter received from the Central Consumer Protection Authority dated December 04, 2024, by Ola Electric Mobility Limited (the Company) we would like to inform you that the Company has received further request for information via email dated January 10, 2025,” Ola Electric said in an exchange filing on Friday. This comes days after the Karnataka High Court granting the Bhavish Aggarwal-led firm a six-week extension to submit its response to the CCPA. The CCPA first issued the show-cause notice to Ola Electric on October 8, 2024 over alleged consumer rights violations, misleading advertisements, and unfair trade practices.

Tata Consultancy Services (TCS) led the rally in large-cap information technology shares, as investors were encouraged by the country's largest software exporter's commentary on the demand outlook after its third-quarter results. The Nifty IT Index gained 3.4% on Friday, led by a 5% jump in TCS shares. The company posted a 12% increase in net profit in the December quarter compared to the previous year.

Sen. Mike Crapo, R-Idaho, unpacks the tax code and tariffs proposal under President-elect Donald Trump on Kudlow.

Apollo Global Management Inc. is considering taking a substantial stake in a bid by Seven & i's founding Ito family to take the Japanese convenience store operator private, people familiar with the matter said. The US private equity giant is discussing a commitment of as much as ¥1.5 trillion ($9.5 billion) for an equity stake in the plan, said the people, who asked not to be identified as the information isn't public. Under the current proposal, which is subject to change, Apollo would join the Ito family and Itochu Corp., the operator of FamilyMarts in Japan, as key investors. The Ito family is weighing a commitment of around ¥500 billion and Itochu more than ¥1 trillion. Other partners are still negotiating stakes.

In the fifteenth annual letter to his clients, Terry Smith, the manager of the £22.7bn Fundsmith Equity strategy, said the fund disposed of its holdings in Diageo, «which we had owned since inception». This came following «problems with [Diageo's] new management, shown by a lack of information about its Latin American business», Smith said, which resulted in poorer performance compared to the sector in this area. Fundsmith's profit decline forces Terry Smith to take second pay cut «Moreover, we suspect the entire drinks sector is in the early stages of being impacted negatively by ...

Bombay Burmah Trading Corporation, its promoters including Nusli Wadia, his sons Ness and Jehangir, and others on Friday settled a disclosure lapses case with markets regulator Sebi after paying Rs 2.12 crore towards settlement amount. In all, a total of 18 entities settled the case pertaining to flouting various provisions of securities market norms. The order came after the entities proposed to settle the violations «without admitting or denying the findings» by paying settlement amounts.

500 Indian currency notes being in circulation. While it could not be immediately verified how many of such fake Rs 500 currency notes are in circulation. However, this viral social media post highlights why it's a good idea to always check each and every feature of a currency note before using it. This will prevent you from falling victim to the fake currency note scam. The Reserve Bank of India (RBI) has published on its RBI Kehta Hai website detailed information about the features to check for in a real currency note.

Interpol has issued its first Silver Notice to locate assets laundered across borders as part of a pilot project in which India is also a participant, the global body said Friday. In its response to a PTI query on the notice, the Interpol said in a statement it has issued the first Silver Notice on the request of Italy which has sought information about the assets of a senior mafia member. The Lyon-based international police cooperation organisation said the pilot project has participation from 52 members including India. At present, the Interpol has eight types of colour-coded notices which allows a member country to seek specific kind of information worldwide. The Red Notice allows a country to request the detention of fugitive living in another country.

Shriram Finance are likely to remain in focus as the stock begins trading on an ex-split basis on Friday. The company has set January 10 as the record date to determine shareholder eligibility for its 1:5 stock split. Shares of Shriram Finance will start trading on an ex-split basis on Friday, as the company had set January 10 as the record date for determining the shareholder eligibility for their 1:5 stock split.