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The Latest Breaking News from IT

The raids that went on for four days against “government contractors and real estate developers” in Karnataka, Andhra Pradesh, Telangana and New Delhi recovered ₹94 crore in cash and ₹8 crore worth of gold jewellery, diamonds and luxury watches, totalling ₹102 crore, the I-T Department said.

The Hindu

I-T raids: BJP demands CBI probe to trace the route of money

The Opposition BJP that staged a dharna throughout the State for the second day on Tuesday demanding the resignation of Chief Minister Siddaramaiah and Deputy Chief Minister D.K. Shivakumar, demanded a CBI probe into the recent I-T raids in Bengaluru unearthing crores of unaccounted money and valuables.

The Hindu

Venugopal makes sudden visit to Bengaluru, holds consultations with Kharge and DKS

K.C. Venugopal's surprise visit to Bengaluru sparked political speculations. He held talks with D.K. Shivakumar, M. Mallikarjun Kharge, and Sathish Jarkiholi. Reports of a group of MLAs visiting Mysuru were denied. Venugopal's visit coincided with I-T raids. Shivakumar said it was to review preparations for Lok Sabha polls. He also…

The Hindu

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I-T raids: BJP stages protests; CM dismisses allegations

BJP protests CM & Dy CM over alleged corruption linked to I-T raids. CM calls allegations "baseless" & "politically motivated". BJP stages dharna in DC offices & demands resignations. CM says protests are for political purpose ahead of elections. Allegations "false & baseless", says CM.

The Hindu

IT raids continue, crores recovered from Bengaluru builder

In a continuation of the raids since Thursday, Income Tax (I-T) officials on Sunday searched an apartment in Kethamaranahalli at Rajajinagar belonging to a city-based builder and allegedly recovered cash worth several crores and incriminating documents from him

The Hindu

HDK demands probe into unearthing of money in I-T raids

Kumaraswamy demands probe into I-T raid unearthing huge quantum of money. He questions D.K. Shivakumar's remarks, asking why he's showing signs of guilt. Wants CM/Deputy CM to decide nature of probe to uncover truth.

The Hindu

BJP to stage two-day protest from today seeking resignation of CM, Dy.CM

BJP to stage protests in all districts, taluks; demand CM, Dy CM's resignation over I-T raids. BJP to accuse Cong of corruption, link between money unearthed in raids and pending BBMP bills. BJP to demand end to trend in interest of Karnataka's people, CM, Dy CM to quit.

The Hindu

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I-T dept revokes tax exemption status of 4 NGOs, letters to two mention protests against Adani

The Income Tax department has revoked the tax exemption status of four non-government organisations – Oxfam India, CARE India, Legal Initiative for Forest and Environment, and Environics Trust, Newslaundry learned from sources and top officials linked to these organisations. The tax exemption was reportedly revoked about two weeks ago.

Newslaundry

I-T raids: D.K. Shivakumar calls it political vendetta; BJP says money was ‘commission’ meant to fund Telangana polls

Deputy Chief Minister D.K. Shivakumar on Friday claimed that the Income Tax searches in Bengaluru on the residences of contractors, who had alleged 40% commission in contracts during the previous BJP rule, were “politically motivated”. This drew a sharp reaction from the Opposition that claimed the money seized was “commission”…

The Hindu

BJP says money unearthed in I-T raid is commission collected by Congress government in Karnataka

Addressing a media conference in Bengaluru on October 13, BJP State General Secretary and MLC Ravikumar alleged that the money was meant to be transported to Telangana, where Assembly polls have been announced.

The Hindu

Amid political slugfest, I-T department seizes crores in raid in Bengaluru

IT raids on contractors in Bengaluru, huge cache of money recovered from flat associated with R. Ambikapathy Money allegedly stashed in 20 cardboard boxes & kept under bed. Alleged attempt to shift money underway. Campaign by Karnataka Contractors’ Association alleging 40% commission under BJP regime. Ambikapathy's wife former city councillor,…

The Hindu

I-T department searches 40 premises of Kashmir’s prominent business group

I-T dept searches 40+ premises of business group in Kashmir & Delhi; finds evidence of undisclosed investments of ₹50cr in immovable properties & unaccounted cash .

The Hindu

Madras High Court adjourns actor Vijay’s plea against penalty of ₹1.5 crore imposed on him by Income Tax Dept

Actor C. Joseph Vijay's writ petition against I-T Dept's ₹1.5cr penalty for not disclosing ₹15cr income adjourned 3 wks. Interim injunction granted to restrain I-T officials from recovering penalty. I-T Dept. filed counter affidavit explaining reasons for penalty. Penalty levied beyond limitation period, judge granted injunction. Search & seizure operation…

The Hindu

SP MP Dimple Yadav vehemently attacks BJP over AAP MP Sanjay Singh's arrest

Samajwadi Party MP from Mainpuri Dimple Yadav has expressed concern over the arrest of Aam Aadmi Party leader Sanjay Singh. Read full report on Dynamite News: Read further on Dynamite News:

Dynamite News

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The Hindu

Here are the big stories from Tamil Nadu today

I-T Dept searches MP's premises; TN CM alleges BJP's "vindictive politics"; part-time teachers arrested; HC dismisses bail petition of biker; HC directs TN govt to file affidavit on illegal flex boards.

The Hindu

ISRO is all geared up for Gaganyaan, says Group Director at Satish Dhawan Space Centre

With the success of the Chandrayaan-3 mission, the scientists at the Indian Space Research Organisation (ISRO) are geared up for its next programmes such as Gaganyaan and Shukrayaan, said Group Director of ISRO at Satish Dhawan Space Centre, G. Appanna.

StockNews.com

Supercharge Your October Portfolio With These 3 Promising Tech Stocks

The tech industry has experienced tremendous growth in recent years, and this momentum should continue amid increased IT outsourcing and adoption of emerging technologies. Hence, fundamentally strong tech stocks Gartner (IT), Cognizant Technology Solutions (CTSH), and Hackett Group (HCKT) might be worth adding to your October portfolio. Read on.

The Hindu

Revanth Reddy claims BRS MPs hinted at poll tie with BJP in LS polls

.BJP-BRS alliance in LS polls: TPCC chief Revanth Reddy claims both parties were planning to join hands. BJP to contest all seats in Assembly, split votes to help BRS. BRS to contest 9 LS seats, BJP 7, MIM 1. PM touring Telangana to split anti-incumbency votes. ED, CBI, IT not…

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The Hindu

Citizens for Democracy to educate people on need for free and fair elections in Andhra Pradesh

Citizens for Democracy, a newly formed apolitical and neutral platform, is led by former Andhra Pradesh High Court Judge G. Bhavani Prasad. The organisation aims to become the voice of the voiceless in society and will hold its first executive meeting in Vijayawada on October 1. Former Chief Election Commissioner…

Reason

Review: Silo Shows the Perils of Authoritarian Hierarchies

Leaders depicted in the Apple TV+ series outlaw "relics" of the past, even including PEZ dispensers.

The Hindu

HC verdict on Group-I preliminary exam cancellation historic, says Madhu Yaskhi

TPCC campaign chairman Madhu Yaskhi hails HC verdict cancelling TSPSC Group I exam as historic. He blames CM & IT Minister for lapses in TSPSC functioning & demands age relaxation when exams are re-conducted. NSUI State president Balmoori Venkat says Congress will fight for unemployed youth. Riaz, TPCC official spokesperson,…

The Hindu

Lulu shopping mall opened in Hyderabad

”Lulu Group, a U.A.E.-based retailer, opened its first shopping mall in Hyderabad on Sept. 27. The ₹3,500 crore investment commitment made to Telangana for projects such as a 2 million sq. ft. destination mall and food processing facility was reiterated.

The Hindu

Odisha Finance Minister presents supplementary budget of ₹28,200 crore

Odisha Finance Minister announces ₹28,200cr supplementary budget for 2023-24, allocating resources for 'vote-catching' projects. Funds for Ama Odisha, Nabin Odisha, LACCMI, IT connectivity, Odisha Metro Rail, additional classrooms, farmers' welfare, food security, crop production, horticulture, capital investment, food storage, warehousing, Pradhan Mantri Fasal Bima Yojana, education, sports, and skill development.

The Hindu

Micron plant groundbreaking on September 23: MoS Chandrasekhar

Micron Technology, Inc. to build $2.75 billion semiconductor plant in Gujarat, with Union & State govt subsidies, says Ashwini Vaishnaw, He expects output by December 2024

The Hindu

I-T searches on premises of TNEB contractors

I-T dept. searches premises of contractors, suppliers of TNEB & Tangedco in Chennai & Thoothukudi. Suspects tax evasion of crores of rupees in works carried out in thermal power stations when V. Senthilbalaji was Minister for Electricity.

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