The Income Tax Department has slapped notices on 1.16 lakh individuals and firms who made cash deposits of more than Rs 25 lakh in bank accounts post note ban but failed to file returns by the due date, CBDT Chairman Sushil Chandra said.

Besides, large cash deposit by people who have filed I-T returns are also under close scrutiny, he said.

Retail onion prices have touched Rs 80 per kg in the national capital owing to tight supply, while a similar spike is seen in other cities as well, as per the trade data.

Onions in other metro cities are being sold at Rs 50-70 per kg depending on the quality and locality, the data showed.

The Income Tax (IT) department officials on Tuesday raided 33 premises in Tamil Nadu belonging to three business groups.

According to reports, the raids by the IT department are the follow-up to its earlier searches linked to jailed AIADMK leader VK Sasikala’s kin and business associates.

The 26/11 Mumbai attacks mastermind and Jamaat-ud -Dawa (JuD) chief Hafiz Saeed has filed a petition in United Nations to remove him from the list of designated terrorists.

The LeT founder, in his late 60s, who has a $10 million American bounty on his head for terror activities, was freed by Pakistan after being under house arrest for 297 days since January.

Prime Minister Narendra Modi and US President Donald Trump's daughter Ivanka Trump will be inaugurating and addressing the Global Entrepreneurship Summit (GES) in Hyderabad today. Speaking a day ahead of the Global Entrepreneurship Summit (GES), Ivanka Trump said, "as the world's largest democracies... there is much we can and should do together. We share common priorities, including promoting economic growth and reform, fighting terrorism, and expanding security cooperation."

Larsen&Toubro has sought additional financial support from Telangana to cover cost overruns in the Rs 16,000-crore metro rail project that stemmed from delays in its implementation, sources privy to the development said.

Prime Minister Narendra Modi is scheduled to inaugurate the first phase of the 72-km project tomorrow, touted to be the world's largest such project on public-private partnership in the sector.

As the city of pearls gears up to receive US President Donald Trump’s daughter Ivanka Trump who is leading the US delegation for the three-day Global Entrepreneurship Summit (GES), Hyderabad traffic police has imposed restriction on vehicular movements on Tuesday, November 28. Prime Minister Narendra Modi and Ivanka Trump will attend the inauguration of GES which is expected to witness over 1500 attendees, including entrepreneurs, investors, educators, government officials, and business representatives from India and the world.

Notably, PM Narendra Modi too will be in the city for the summit as well as the inauguration of the Hyderabad Metro. Traffic as such will be affected by both the VIPs’ movement and the public has been advised to avoid a number of routes that are likely to be affected.

Pushing the BJP’s campaign in Gujarat into high gear, Prime Minister Narendra Modi on Monday asked Congress vice president Rahul Gandhi why his party applauded the release of a terrorist in Pakistan and why he hugged the Chinese ambassador during the Doklam standoff.

Mr. Modi, who started his high-voltage campaign with a rally in Kutch district’s Bhuj town, launched a stinging attack against the Congress party.

Oil and Natural Gas Corp (ONGC) officers association has sought Prime Minister Narendra Modi's intervention to stall Oil Ministry's plan to sell the company's producing oil and gas fields, saying the move has highly damaging implications for the country.

The Association of Scientific & Technical Officers (ASTO) cited examples of falling production at the western offshore Panna/Mukta fields that were privatised in the 1990s, and Reliance Industries' flagging KG-D6 fields to state that ONGC has done well with its ageing fields.

The Income Tax department on Monday slapped Arvind Kejriwal's Aam Admi Party (AAP) with a Rs 30.67 crore tax notice.

The IT department has reportedly pulled up the party for not recording full details of 462 donors who donated Rs 6 crore.

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