IT Raids on Gujarat Builders Uncover Rs 100 Million

04 Dec 2024 CW Team

The Income Tax (IT) department's ongoing search at the premises of three builder groups in the state has led to the recovery of more than Rs 100 million in cash and incriminating documents, according to sources.

Initially, 34 locations were targeted in the operation, but six additional sites were subsequently included, increasing the total to 40.

Sources revealed that during the preliminary investigation, officials uncovered fake loan entries, bogus transactions, and undisclosed investments in land and properties that were not reflected in the final accounts. The full extent of the tax evasion is still under evaluation.

The search began on Saturday at the premises of a Mehsana-based real estate developer group, which has several projects located on SG Road, SP Ring Road, and in the Vaishnodevi area of the city. Of the 40 locations being searched, 25 are in Ahmedabad. Sources also indicated that details of approximately 15 lockers have been discovered, and the value of other seized assets is currently being assessed.

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..