Income tax officers raid Jaipur financier’s premises, seize Rs 10 crore in cash

September 9th, 2009 JAIPUR - Income tax officials on late Tuesday seized jewellery worth Rs 93 lakhs during a raid on the office of a private locker agency in Ganpati Plaza complex in Jaipur. During the raid, IT officials found the jewellery, 1000 dollars in cash and some papers.

September 2nd, 2009 JAIPUR - Vishwa Hindu Parishad (VHP) leader and stockbroker Damodar Modi's servant, has hinted that he was attacked by insiders. Sushil Paswan was attacked on August 29, just two days after a raid was conducted on his properties by the income tax officers in Rajasthan.

July 15th, 2009 JAIPUR - A vigilance team of Rajasthan Food Department has seized over 10 quintals of adulterated pulses during a raid at a mill in the State capital of Rajasthan. According to the officials involved in the raid, the pulses were processed and polished to give fine appearance by using of toxic colouring agents and soapstone powder.

July 9th, 2009 JAIPUR - An earthquake measuring 2.7 on the Richter Scale was felt in Jaipur and surrounding areas of Sikar district on Wednesday night. There were no reports of any loss to life or property.

May 25th, 2009 JAIPUR - After a gap of sluggishness due to global meltdown, the gems and jewellery business in Jaipur is slowly picking up. Of late, the demand has picked up not only across the world but also from within the country.

May 22nd, 2009 NEW DELHI - The state-owned power utility NTPC Ltd, formerly National Thermal Power Corp, posted a net profit after tax of Rs.8,201 crore in 2008-09 against Rs.7,415 crore netted the last fiscal, an increase of Rs.786 crore, the company announced Friday. Total income increased from Rs.40,018 crore 2008-09 to Rs.45,273 crore the previous fiscal, NTPC said in a regulatory statement.

May 9th, 2009 MUMBAI - The country's largest lender State Bank of India (SBI) Saturday reported a 45.62 percent rise in its net profit for the quarter ended March 31. The bank said in a regulatory statement that its fourth quarter profit stood at Rs.2,742.31 crore, up from Rs.1,883.25 crore in the like period last year.

May 4th, 2009 MUMBAI - Major housing loan provider HDFC Monday said its net profit dipped 6.3 percent to Rs.2,282.54 crore for the year ended March 31 from Rs.2,436.25 crore the previous fiscal. The company's total income, however, rose 36.33 percent in 2008-09 to Rs.10,992.43 crore from Rs.8,062.8 crore it made in the previous year.

May 1st, 2009 MUMBAI - Realty major DLF Friday said its net profit dipped over 41 percent for the year ended March 31 to Rs.4,629 crore (Rs.46.29 billion/$938 million) from Rs.7,821 crore (Rs.78.21 billion/$1.6 billion) earned the previous year. The company's total consolidated income for the period under review was Rs.10,541 crore - a decrease of a little over 28 percent from the previous fiscal's Rs.14,684 crore.

April 29th, 2009 NEW DELHI - Tyre maker Ceat Ltd Wednesday reported a loss of Rs.16.12 crore for the year ended March 31, 2009, even as the company's total income rose by a marginal 8 percent from the year before. In 2007-08, the company had posted a net profit of Rs.148 crore.

April 29th, 2009 NEW DELHI - Telecom company Bharti Airtel Wednesday reported an increase of 25 percent to Rs.3,788 crore (Rs.38 billion/$754 million) in cash profit from operations for the quarter ended March 31, 2009. The cash profit from operations during the same period in the previous fiscal had been Rs.3,036 crore (Rs.30 billion).

March 30th, 2009 MUMBAI - Leading drug maker Ranbaxy Laboratories Monday reported a net loss of Rs.1,044.8 crore ($204 million) for 2008 as against a net profit of Rs.617.7 crore in the previous year. However, the company's total income went up 9.85 percent to Rs.4,681.7 crore in 2008 from Rs.4,261.9 crore in 2007.

February 1st, 2009 MUMBAI - Realty major DLF's net profit has dipped 70.6 percent to Rs.1.78 billion (Rs.178 crore) for the quarter ended Dec 31, as compared to Rs.6.05 billion (Rs.605 crore) in the corresponding period last year. Total income was down 62.29 percent to Rs.6.83 billion (Rs.683 crore) till Dec 31 as compared to Rs.18.12 billion (Rs.1,812 crore) in the year-ago period, the company said in a regulatory statement.

January 27th, 2009 MUMBAI - Private steel manufacturer Jindal Steel Wednesday announced standalone net loss of around Rs.1.28 billion (Rs.127.5 crore) for the quarter ended Dec 31, as against a profit of near Rs.3.56 billion (Rs.355.37 crore) in the year-ago period. In a regulatory statement, the company said its standalone net income was Rs.28.27 billion (Rs.2,826.74 crore), a marginal rise of 0.14 percent from around Rs.28.23 billion (Rs.2,822.74 crore) registered in the corresponding period last fiscal.

January 19th, 2009 AHMEDABAD - The investigative wing of the Income-Tax department raided the factory premises of 40 textile and paint manufacturers in Surat Tuesday, an official said. The raids were conducted by a team of 150 sleuths, with senior officials from the Rajkot Income Tax Commissionerate joining in the raids.