Coming down heavily on a taxpayer for what can be termed as ‘sham’ long-term capital gain (LTCG) transactions, the Delhi bench of income-tax appellate tribunal (ITAT) said the jump in the share price of a company of unknown credentials, cannot be an accident or windfall but is possible...
On 17th October, Reliance Industries Ltd (RIL) came out with its financial results for the second quarter (Q2) of FY18-19 results. However, more than the numbers, the buzz was created by its announcement of plan to acquire 66% stake in Den Networks and 51.30% stake in Hathway Cable, which...
Archit Organosys, which manufactures chemicals, specialty derivatives and adhesives and sealants, claims to be of the leading chemicals companies in India. The surprising part is that, though the company’s website claims that it has maintained a steady growth and has ‘matured itself in...
Best Steel Logistics Limited (BSLL) claims to provide warehousing solutions for steel industry and is also engaged in trading of steel and related products. It controls four warehouses with a total area of 373,000 square feet, located in Bengaluru, Hyderabad, Faridabad and Ghaziabad. While...
Toyam Industries was originally incorporated as Chetram Balkrishan Limited and later changed its name to Ojas Asset Reconstruction Company Limited before it was rechristened Toyam Industries in December 2016. The penultimate renaming was designed to reflect its changed business—from...
