Realty firm HDIL to pay tax on extra incomeSeptember 14th, 2009 MUMBAI - Realty firm Housing Development and Infrastructure Ltd (HDIL) Monday denied having evaded taxes but said it would pay tax on additional income of Rs.350 crore following raids by the income-tax department last week. Income-tax department officials had conducted raids on HDIL office premises and promoters' residences Sep 11-12.
JLL Partners and Warburg Pincus propose recapitalization of Builders FirstSourceSeptember 1st, 2009 Firms suggest recapitalizing Builders FirstSourceNEW YORK — Affiliates of private equity firms JLL Partners and Warburg Pincus said Tuesday they have proposed to the board of building-products supplier Builders FirstSource Inc. a recapitalization of the company.
New Hampshire opens 5 unemployment offices this weekend to deal with benefit claim backlogAugust 29th, 2009 NH opens 5 unemployment offices on weekendCONCORD, N.H. — New Hampshire is opening five unemployment offices around the state this weekend to ease the backlog of people filing claims.
Income tax officers raid Jaipur financier's premises, seize Rs 10 crore in cashAugust 26th, 2009 JAIPUR - Income tax officials on Wednesday recovered Rs.10 crore in cash during raids on the office and residence of a leading share broker here. The share broker was identified as Damodar Modi, and he has been accused of evading tax to the tune of Rs.
Homebuilder sentiment index increases 1 point in August to highest reading in more than a yearAugust 17th, 2009 Homebuilder sentiment index rises in AugustNEW YORK — The National Association of Home Builders said Monday its housing market index rose in August to the highest point in more than a year, as homebuyers hurried to take advantage of a federal tax credit before it expires. The Washington-based trade association said Monday the index rose one point to 18, a level not seen since June 2008.
Homebuilder sentiment index jumps 2 points in July as builders benefit from low ratesJuly 16th, 2009 Homebuilder sentiment index rises in JulyLOS ANGELES — The National Association of Home Builders says its housing market index climbed in July to the highest level in nearly a year, as low interest rates and other incentives helped builders woo homebuyers. The Washington-based trade association said Thursday the index rose two points to 17, its highest reading since it was 17 in September.
Homebuilder sentiment index drops by 1 point in JuneJune 15th, 2009 Homebuilder sentiment index slips 1 pointLOS ANGELES — The National Association of Home Builders says its housing market index slipped by one point in June, reflecting many builders' uncertainty about when their business prospects might improve. The Washington-based trade association said Monday the index fell to 15 — the first decline since January, when the index dropped to an all-time low of 8.
Construction spending posts surprising 0.8 percent gain in April; spending on home building upJune 1st, 2009 Construction spending posts surprising gainWASHINGTON — Construction spending rose 0.8 percent in April, defying economists' forecasts for a decline. The unexpected gain — the most since August — marked the second straight month that builders boosted spending on construction projects around the country, the Commerce Department reported Monday.
Three central government offices found locked in ChennaiApril 16th, 2009 CHENNAI - Entry gates of three central government offices including the income tax office and head post office in the city were found locked Thursday. Police suspect it to be the handiwork of pro-Sri Lankan Tamil elements.
99acres introduces property search on mobileApril 14th, 2009 NEW DELHI - In an endeavour to ease property search and to make the site device agnostic, 99acres.com, has introduced property search on mobile. Launched in partnership with Mobisoc Technology, 99acres.com offers a WAP application for property search that allows users to search properties via mobile.
Automobile company surrenders Rs.100 mn after income tax raidMarch 22nd, 2009 CHANDIGARH - A leading automobile designing company, which is known for manufacturing poll campaign vehicles for top politicians in the country, Saturday surrendered nearly Rs.100 million (Rs.10 crore) following income tax raids on its offices and other establishments, officials said. Income Tax department officials said the amount of Rs.100 million was surrendered by the JCBL group following a two-day survey at its offices and other establishments located in Chandigarh and nearby towns of Lalru in Punjab and Nalagarh in Himachal Pradesh.
Uttar Pradesh post offices to also sell gold coinsMarch 7th, 2009 LUCKNOW - After Gujarat, Tamil Nadu, Maharashtra and Delhi, now it is the turn of post offices in Uttar Pradesh to sell gold coins, an official said Friday. As many as 102 post offices in the state will start selling gold coins March 9, a day before Holi, Sachin Kishore, director of postal services told IANS here.
14 textile units raided in SuratJanuary 20th, 2009 SURAT - The Income Tax department continued search and seizure operations for the second day Wednesday, raiding 14 more textile units in this south Gujarat city to unearth unaccounted income. On Tuesday, the department had targeted 40 textile and paint manufacturing units.
Tax officials raid 40 Surat unitsJanuary 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.
Ghaziabad becomes first e-district in Uttar PradeshJanuary 1st, 2009 GHAZIABAD - Ghaziabad has become Uttar Pradesh's first electronically governed e-district, officials said Friday. The chairman of board of revenue of Uttar Pradesh, Vinod Kumar Malhotra, Friday inaugurated the e-governance centre (Jan Suvidha Kendra) on a public-private partnership basis.
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