IT Dept suspects Rs 400-cr tax evasion on cap gains in Maharashtra

Last Updated: Wednesday, August 26, 2015, 22:50

The Income Tax department has detected about 200 cases of bogus "long term capital gains" in Nagpur, Aurangabad and Nashik divisions of Maharashtra where tax of around Rs 400 crore was evaded.

Bank of Maharashtra to auction Rs 500-crore NPAs in Sept

Last Updated: Wednesday, August 19, 2015, 18:13

State-owned Bank of Maharashtra is looking to sell stressed assets worth Rs 500 crore in an auction in September.

Maharashtra govt mulling 'Smart City' project at state level

Last Updated: Tuesday, August 18, 2015, 10:52

The project is at a nascent stage for now and nothing has been finalised on paper as yet, state Urban Development Department (UDD) secretary Manisha Mhaiskar said.

Will comply with court order to undertake fresh tests: Nestle

Last Updated: Thursday, August 13, 2015, 14:46

Nestle India on Thursday said it will comply with the order to undertake fresh tests while welcoming Bombay High Court's judgment that quashed ban on Maggi instant noodles in the country.

Posco, Uttam Galva to set up $3-bn steel plant in Maharashtra

Last Updated: Tuesday, August 11, 2015, 19:57

It will initially build 1.5 million tonne per annum (MTPA) plant with a new technology from Posco at a cost of about USD 1.5 billion.

Foxconn to invest $5 billion in Maharashtra projects in 5 years

Last Updated: Saturday, August 8, 2015, 14:38

Foxconn will create direct employment of 50,000 people through this MoU.

Nestle India did not opt for re-test, instead burnt Maggi: FDA

Last Updated: Wednesday, July 29, 2015, 18:47

Maharashtra's Food and Drugs Administration today argued in the Bombay High Court that Nestle India had burnt several tonnes of Maggi after the state's ban order was imposed on this food snack, instead of going in for a re-test of the samples.

Maggi case: Nestle violated laws, alleges Maharashtra FDA

Last Updated: Tuesday, July 28, 2015, 19:14

The Food and Drugs Administration of Maharashtra on Tuesday told the Bombay High Court that Maggi noodles manufacturer Nestle India violated laws with the lead level in the popular instant snack being above the permissible limit.

Bank of Maharashtra eyes Rs 4,000-cr fund raising

Last Updated: Sunday, July 26, 2015, 13:22

State-owned Bank of Maharashtra is looking to raise Rs 4,000 crore during the next five years and 50 per cent of the fund is expected to come from the Centre.

Maharashtra govt contemplating long-term policy to bail out farmers

Last Updated: Friday, July 24, 2015, 15:04

Maharashtra government is mulling to bring in a long-term policy for drought-hit farmers which will ensure they get compensation amount commensurate to their crop losses.

Coal scam: Ex-MoS for Coal, ex-Coal Secy summoned as accused

Last Updated: Tuesday, July 21, 2015, 19:19

Former Minister of State for Coal Santosh Bagrodia, ex-Coal Secretary H C Gupta and retired public servant L S Janoti were Tuesday summoned as accused by a Special Court in a coal scam case pertaining to allocation of Maharashtra's Bander coal block to AMR Iron and Steel Pvt Ltd.

Cabinet approves Rs 8,548 cr power transmission project

Last Updated: Thursday, July 16, 2015, 15:10

The Union Cabinet on Thursday approved a power transmission project worth Rs 8,548.68 covering seven states including Andhra Pradesh, Gujarat and Maharashtra.