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I-T authorities unearth fictitious transactions of Rs 2,200 crore in pan-India search: CBDT

Income tax authorities unearthed fictitious transactions amounting to Rs 2,200 crore during searches conducted countrywide on 20 residential and 12 business premises belonging to a diversified group having interest in media, real estate, power and textiles, the Central Board of Direct Taxes (CBDT) said on Saturday. The direct taxes body

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More money chases Indian tech start-ups as investors shun Chinese names

At a time when investors are selling Chinese technology stocks, more money is chasing Indian start-ups.Shares of food delivery app Zomato soared as much as 82% in their debut Friday on the National Stock Exchange of India. The initial public offering was priced at 76 rupees per share, or

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Companies from Chipotle to Whirlpool are raising prices on consumers because of higher costs

A employee sprinkles cheese on a burrito at a Chipotle Mexican Grill restaurant in Hollywood, California.Patrick T. Fallon | Bloomberg | Getty ImagesConsumer brands from Chipotle Mexican Grill to Whirlpool are dealing with inflation by passing higher costs onto their customers through price hikes.Many companies that reported quarterly results

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