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India

Indian’s gang arrested over £15.5m dirty money smuggling

Britain’s National Crime Agency (NCA) has carried out a series of raids on a gang suspected of smuggling £15.5 million of dirty money out of the UK in suitcases. Ten people were arrested during the operation led by the National Crime Agency (NCA) on Wednesday, including a 41-year-old man thought to be the ringleader who was held in Hayes, west ... Read More »

Police Informer Arrested In Mumbai With Heroin Worth Over Rs. 1 Crore

MUMBAI: A 51-year-old ”police informer” was arrested in Mumbai for allegedly possessing heroin worth Rs. 1.41 crore, police said today. With this, the Anti-Narcotics Cell (ANC) of Mumbai police has claimed to have unearthed an alleged nexus between police informers and drug peddlers, an official said. The ANC arrested Khalid Wasi Khan, a resident of Mumbra in the neighboring Thane ... Read More »

DRI arrests Chinese national in major crackdown on gold smuggling

In its continuing crackdown on smuggling of gold into India from China and Taiwan, the Directorate of Revenue Intelligence (DRI) has arrested a Chinese national, believed to be one of the key masterminds of a notorious syndicate involved in smuggling of gold from Taiwan and Hong Kong into India, from Terminal-3 of Delhi’s Indira Gandhi International Airport. DRI had previously ... Read More »

Milkman arrested for smuggling liquor in milk drums

THE LALRU police booked a milkman who used to smuggle liquor from Chandigarh to Punjab by hiding liquor bottles in milk drums. Police recovered 85 bottles of liquor. In another case, the Mubarikpur police recovered 365 boxes of liquor from a truck. According to the Lalru police, they received a tip-off that accused Ramesh Kumar, a resident of Bair Majra ... Read More »

Men Hide Gold Worth Rs. 36 Lakh In Their Rectum, Caught At Chennai Airport

CHENNAI: The Customs Department at the Chennai airport on Saturday recovered gold worth Rs. 36 lakh from two passengers who had concealed it in their rectum. The accused, identified as Mohamed Yasin and Sheik Abdullah, had arrived in India from Dubai and were intercepted at the exit. “On their personal search, six bundles of gold in rubbery spread (three from ... Read More »

Share Market Live: Sensex jumps 200 points, Nifty above 11,500; Federal Bank gains 2%

Share Market LIVE: Equity indices turned bullish by Thursday’s afternoon session, with Sensex rising over 200 points and Nifty back above 11,500 mark for the first time in October, amid heavy buying pressure in media and private banking scrips. In domestic cues, market participants awating Q2 figures, hoping an hike to companies’ second-quarter earnings based on government’s corporate tax cut ... Read More »

India: 2 arrested for smuggling over 700 tortoises from Odisha

Andhra police arrested two people and seized over 700 tortoises in Korukollu village of Krishna district. Kaikaluru police station sub-inspector T Ramakrishna told ANI that their team apprehended two persons who were smuggling tortoises from Odisha. “The police found two autos in which almost 700 tortoises were being smuggled to Odisha. The accused have been identified as N Anjaneyulu and ... Read More »

Man tries smuggling 1kg gold under his wig at Kochi airport. Gets caught

After the story of a man trying to smuggle cocaine worth Rs 24 lakh under his wig at Barcelona airport went viral in July, a similar case has come to light recently. But this time, the incident took place at Kochi airport and the man tried to smuggle gold. Noushad is a native of Malappuram in Kerala. On Friday, Noushad ... Read More »

Delhi: Man smuggling 27 iPhones, 330 branded watches held by customs at IGI Airport

The Customs Department team of Indira Gandhi Airport, Delhi, held a man for smuggling expensive phones, watches and other goods to foreign countries. The Delhi airport department confiscated innumerable phones and watches from the accused. On September 25, the customs department confiscated 330 branded watches, 27 iPhones and other various goods from a passenger, who was coming from Hong Kong. ... Read More »

Rajasthan man arrested for smuggling cows sent to judicial custody: Cops

JAIPUR: A man who was arrested in Rajasthan’s Alwar district on Sunday night for allegedly smuggling cows was presented before a court and sent to judicial custody police said. Munfed Khan was arrested under provisions of the Rajasthan Bovines Animal Act, they said. Police had put up barricades in the district’s Shahjahanpur area on Sunday night after a tip-off that ... Read More »

Amway aims up to 12% of India business from consumer durables segment

Amway India is expecting its consumer durables business to contribute around 12 percent to the company’s overall turnover in the next two to three years as the direct selling firm carrying portfolio expansion plans in the segment, a top company official has said. Amway India, as part of expansion of its product portfolio, also announced foray into emerging home air ... Read More »

West Bengal: 2 held for smuggling birds, 524 parrots recovered

West Bengal police on arrested two smugglers and recovered 524 parrots from them. The accused were allegedly part of an inter-state racket involved in smuggling birds. The arrests were made during a joint operation of Burdwan Forest Department and Wildlife Crime Control Bureau. The accused have been identified as Sheikh Akhtar and Baishakhi Mohammad. Sharing details of the arrests, District ... Read More »

5 foreigners trying to smuggle out nearly half-million USD held at Delhi airport

The Directorate of Revenue Intelligence (DRI) has arrested five Hong Kong-bound foreign nationals at the Delhi airport for allegedly trying to smuggle out of India nearly half-a-million US Dollars (USD), officials said. The DRI, the enforcement arm of the Central Board of Indirect Tax and Customs (CBIC), on Wednesday, intercepted the five passengers, all from Taiwan, at the Terminal 3 ... Read More »

How BSF brought down cattle smuggling by 96 pc since last September

Delhi: Strict vigil and action against the personnel of Border Security Force (BSF) deployed along the Indo- Bangla border resulted in 96 pc drop in cattle smuggling, news agency IANS reported. A massive crackdown was launched along the 4,000 km long border stretching from South-West Bengal to Tripura last year. As a result, over 5,000 cross-border smugglers were arrested whereas ... Read More »

Three Arrested For Smuggling Gold Biscuits Worth Over Rs. 3 Crore: Police

NEW DELHI: The Directorate of Revenue Intelligence (DRI) has arrested three people for allegedly carrying about 10 kg gold worth over Rs. 3.87 crore smuggled into India through the Indo-Myanmar border, an official said on Tuesday. Acting on a tip-off, the DRI officers intercepted a vehicle on the Fulbari-Ghoshpukur bypass on Monday and recovered 60 gold biscuits, weighing a total ... Read More »

Air India SATS Employee Among 2 Arrested With Gold Bars Worth Rs. 26 Lakh

NEW DELHI: Customs officials have arrested two persons including an Air India SATS employee at the Delhi airport for their alleged involvement in smuggling gold bars worth over Rs. 26 lakh. Air India SATS, which is a 50:50 joint venture between Air India Limited and Singapore-based SATS Limited, offers end-to-end ground handling services such as passenger and baggage handling, aircraft ... Read More »

‘Cars don’t sell’: How a shadow banking crisis is hurting autos sector

Sudhir Gharpure and his sales team sat chatting at a big Maruti Suzuki dealership on the outskirts of Mumbai some two hours after its doors were opened on a recent Saturday morning – not a single customer was in sight. “There used to be close to 15-20 bookings each day, but now we’re down to 3-5 on good days,” said ... Read More »

500 Indian star tortoises being smuggled in train rescued from Vijayawada station

A search operation was conducted on the Navajeevan Express and a passenger was taken into custody for allegedly smuggling the tortoises in an AC coach. In a major bust, officials of the Directorate of Revenue Intelligence (DRI) seized around 500 Indian star tortoises, after they conducted a raid at the Vijayawada railway station. DRI officials said that a search operation ... Read More »

Do NRIs in Gulf need to pay income tax in India?

Benjamin Franklin, who was credited with drafting the Declaration of Independence and the American constitution, said there were only two things certain in life: death and taxes. His utterances made in 1700s hold true even this day. Non-resident Indians are required to pay an income tax on income of more than 250,000 Indian rupees that is earned in India. Siddesh ... Read More »

Canara Bank Q1 profit surges 17% to Rs 329 crore on lower provisions, asset quality improves

State-owned Canara Bank has reported 17.08 per cent year-on-year rise in its standalone net profit at Rs 329.07 for the quarter ended June 30, 2019, helped by lower provisions and improvement in asset quality. “The Bengaluru-headquartered public lender had posted a net profit of Rs 281.49 crore in the same quarter last year,” Canara Bank said in a filing to ... Read More »