Corporate funding of politics is a controversial subject. More so in India, where most of the money in recent years has gone to only one party. But there is a p
the hitavada state bureauraipur/bhilai/durg/ambikapur, in a significant move targeting alleged financial irregularities, the income tax department carried out a comprehensive search and seizure operation acro
Dixon Technologies said the search concluded at 8 PM on the same day, adding that the impact on financial, operation or other activities of the listed entity cannot be quantified at this point of time.
Polycab’s fortunes, impacted by tax evasion reports, will depend upon the annual results, due on January 18. Analysts expect the company to come out unscathed.
Shriram Subramanium says: “Ideally the department should first have sent the demand notice and given the opportunity to the company and then put out the press release, if anything. The company has admitted that during December 22nd to 25th, there were raids on its premises across India, on its dealer networks. But the demand itself is not clear to anybody for that matter.”