Adani Group takes over management of Mumbai airport

Mumbai: Adani Group on Tuesday said it has taken over the management of Mumbai International airport from the GVK group. The Group last August had announced that it would acquire GVK Group’s stake in Mumbai airport. Adani Group will have 74% stake in Mumbai’s Chhatrapati Shivaji Maharaj International Airport, post the stake purchase transaction. PTI

New Delhi

Over Rs35,000-cr GST fraud unearthed in FY 2020-21

In the year-long crackdown on tax evasion, the GST authorities have unearthed over Rs 35,000 crore of tax fraud committed by misuse of input tax credit provision under the GST regime. During FY21, the CGST zones and the Directorate General of GST Intelligence registered about 8,000 cases involving fake ITC of over Rs 35,000 crore, a statement from CBIC said. PTI

Mumbai

Sensex, Nifty rebound, financial stocks shine

Sensex logged its best session in over six weeks on Tuesday on account of hectic buying mainly in financial stocks as investors cheered steady economic data and favourable global cues. Sensex ended 397.04 points higher at 52,769.73 while Nifty surged 119.75 points to settle at 15,812.35. PTI

New Delhi

Zomato’s Rs9,375-crore public offer opens today

Food delivery platform Zomato’s Rs 9,375 crore IPO — India’s biggest this year — will open on Wednesday amid buzz of strong response from global institutional investors. PTI