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The Latest Breaking News from DRI

India slaps Rs 4,389 crore notice on Oppo for import duty evasion; company says will contest charges

NEW DELHI: Chinese phone maker Oppo's India unit has been slapped with a notice for alleged Rs 4,389 crore import duty evasion, the finance ministry said on Wednesday.

The Times of India

DRI detects Customs duty ‘evasion’ of ₹4,389 crore by Oppo India

The DRI’s earlier searches yielded ‘incriminating’ evidence indicating alleged wilful mis-declaration in the description of certain items imported by Oppo India for use in the manufacture of mobile phones.

The Hindu

Heroin worth Rs 376 crore seized by ATS Gujarat after Punjab police alert

AHMEDABAD/CHANDIGARH: The Gujarat Anti-Terrorist Squad (ATS) on Monday evening seized 75.3kg of high-quality heroin, valued at Rs 376.5 crore in the international market, from a container at Mundra port in Kutch district, an official said on Tuesday. The contraband, hidden inside fabric rolls to evade detection, had been sent from…

The Times of India

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Police seize 75 kg heroin near Mundra port in Gujarat

Officials say Gujarat’s ports and porous sea coast are being increasingly used as transit centres to smuggle drugs

The Hindu

Read How Analysts Reacted To Darden Restaurants' Q4 Results

Wedbush analyst Nick Setyan lowered the price target on Darden Restaurants Inc (NYSE:DRI) to $122 (3% upside) from $140 and kept a Neutral rating on the shares. The analyst noted that FY23 guidance is predicated on normalization in inflation trends in the second half and has lowered his FY23 EPS estimate to $7.60 from $8.41…

Benzinga

Earnings Beat, Dividend Hike, New Buyback: Darden Restaurants' Q4 Highlights

Darden Restaurants Inc (NYSE:DRI) reported fourth-quarter FY22 sales growth of 14.2% year-on-year to $2.60 billion, beating the consensus of $2.54 billion. Same-restaurant sales increased 11.7% versus last year. Olive Garden sales increased 8.2%, LongHorn Steakhouse climbed 13.2%, and Fine Dining jumped 40.7%. Darden clocked an operating margin of 13%, and the operating income…

Benzinga

Ludhiana: 396 kg cannabis incinerated by DRI under drug destruction day

LUDHIANA: Zonal unit of Directorate of Revenue Intelligence (DRI) Ludhiana organised Drug Destruction Day on Wednesday.

The Times of India

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Latvian national held with over 6 kg of cocaine at Mumbai airport

MUMBAI: A 24-year-old Latvian national was arrested by the Directorate of Revenue Intelligence (DRI) for alleged possession of 6.9 kg of cocaine at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, an official said on Wednesday.

The Times of India

Think Inflation Has Peaked? Then Consider Buying These 5 Consumer Discretionary Stocks

The Consumer Price Index is expected to remain flat in May. Furthermore, the leading indicators of inflation are showing signs of easing. So, we think investors who believe inflation has peaked could now look to add the stocks of consumer discretionary companies O’Reilly Automotive (ORLY), InterContinental Hotels (IHG), Darden Restaurants…

StockNews.com

Cocaine worth over ₹500 crore seized near Mundra Port in Gujarat

A team of DRI officials searched and scanned a container, which had arrived a few days back from Dubai and housed at a Container Freight Station near the port in Mundra.

The Hindu

₹1,526 cr. worth of heroin seized off Lakshadweep

Joint operation conducted by DRI and Indian Coast Guard

The Hindu

Ludhiana: DRI busts international drug ring; seizes heroin worth Rs 434 cr

LUDHIANA: Directorate of Revenue Intelligence (DRI) on Wednesday busted an international drug smuggling nexus operating from Africa with roots in Sahnewal in Punjab's Ludhiana district.

The Times of India

‘Over 10 crore drug users in India’

70% increase in narcotics consumption in past 8 years: Hyderabad CP

The Hindu

Cocaine worth ₹ 80 cr. seized at RGIA

Two foreign nationals were carrying 8 kg of contraband

The Hindu

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The Times of India

Gujarat: 400kg of heroin-coated yarn seized at Pipavav

AHMEDABAD: Bearing an imprint of south American drug cartels, a consignment of 395 kg yarn coated with heroin was found by Gujarat Anti-Terrorism Squad (ATS) and Directorate of Revenue Intelligence (DRI) from a container.

The Times of India

Mumbai: DRI nabs 2 airline staffers for ‘aiding’ Rs 1 crore gold smuggling

MUMBAI: The Directorate of Revenue Intelligence (DRI) has unearthed a gold smuggling racket allegedly carried out with the assistance of two employees of a private airline and recovered 2kg gold worth Rs 1.1 crore. DRI also suspects that a total of 18kg gold worth Rs 9 crore has been smuggled…

The Hindu

Tanzanian who swallowed cocaine capsules to smuggle in India caught at Hyderabad airport

1,157 grams of cocaine worth ₹11.57 crore seized by DRI

The Times of India

Hyderabad: Tanzanian peddler caught trying to smuggle in 1,157 gram of cocaine

HYDERABAD: In one of the biggest cocaine seizures in Hyderabad, Directorate of Revenue Intelligence (DRI) sleuths arrested a peddler from Tanzania at Rajiv Gandhi International (RGI) Airport and seized 1,157 grams of Cocaine worth Rs 11.57 crore.

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The Times of India

Goa: DRI foils bid to smuggle drones, 5 held

PANAJI: In a major operation, the directorate of revenue intelligence (DRI) intercepted and foiled a bid to smuggle 38 sophisticated drones into the country. DRI sleuths in Goa arrested five men who flew in from Sharjah on April 19 aboard an Air Arabia flight, and also found gold and tobacco…

The Hindu

Heroin worth ₹1,500 crore seized at Kandla port in Gujarat

On a tip-off, Gujarat’s Anti Terrorist Squad launched a joint operation with Directorate of Revenue Intelligence

Benzinga

Wednesday Is Your Last Chance To Buy Darden Restaurants Before The Dividend Payout

Wednesday marks the last chance for investors to receive the next dividend payout from Darden Restaurants (NYSE:DRI).

The Times of India

DRI seizes Rs 113 crore drugs at Kolkata airport, three held

KOLKATA: In the largest drug haul in Bengal in recent times, the Directorate of Revenue Intelligence on Thursday night seized 16.1kg heroin from three passengers — two Kenyans and a Malawian — at Kolkata airport who came to India from Dubai. The market value of the seized contraband is approximately…

The Times of India

Kolkata: DRI arrests three African nationals; heroin worth Rs 113 crore seized

KOLKATA: In a major drug haul by Directorate of Revenue Intelligence (DRI) in Kolkata, at least 16.14kg heroin was seized from three passengers — two Kenyans and a Malawian— at the city airport on Thursday night.

The Hindu

Drug trafficking via freight containers a major challenge

Enforcement agencies trying to curb the emerging trend of criminal syndicates using this mode for contraband smuggling

Benzinga

Analysts Slash Price Target On This Restaurant Company Post Q3 Results

Credit Suisse analyst Lauren Silberman lowered the price target on Darden Restaurants Inc (NYSE:DRI) from $180 to $175 and maintained Outperform rating on the shares. The revised price target implies a 34% upside. While the analyst acknowledged the concerns about the discretionary nature of casual dining, she believes Darden is well-positioned to wade through near-term…

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