Business

Star Health Hit with ₹49 Crore GST Notice from Tax Authorities

Published

1 year ago

March 25, 2025

Star Health and Allied Insurance Company Limited has been issued 25 tax demand orders by the Goods and Services Tax (GST) authorities across various states, with a total claim, including penalties, reaching Rs 49 crore. These tax notices have been directed to the company’s zonal offices in Haryana, Delhi, Maharashtra, Tamil Nadu, Telangana, and Karnataka.

The authorities allege that the company did not pay GST on specific transactions related to coinsurance. The alleged violations also encompass the failure to disclose these transactions in statutory filings and the lack of invoice issuance for such services. According to an exchange filing, the specified violations consist of the following: non-payment of GST on coinsurance transactions, non-disclosure of these transactions in the statutory returns filed over time, and the absence of invoices for coinsurance services.

In Haryana, Star Health’s office received five tax demand orders totaling Rs 4.9 crore, issued by the Additional Commissioner of GST and Central Excise in Gurugram. Additionally, the Delhi office has been served four orders amounting to Rs 4.7 crore, while the Maharashtra zonal office faces the highest demand of Rs 19.4 crore through five orders issued by the GST authorities in Mumbai East, Andheri East, and Mumbai South-West. In Tamil Nadu, five orders totaling Rs 16.2 crore have been issued from the Chennai North GST office. The Telangana office also received five tax demand orders, amounting to Rs 3.8 crore, whereas the Karnataka office has one order demanding Rs 12.8 lakh.

Star Health has indicated that, based on legal counsel advice, it plans to contest these tax demands through an appeal or writ petition and will take necessary legal actions to address the situation. Meanwhile, last month, the company announced the expansion of its Home Health Care services to 100 locations across India. Launched in July 2023, this initiative now serves 85 percent of Star Health Insurance’s customers, offering cashless medical care at their doorstep.

Business

Fuel Prices Hiked by Rs.3 per Litre across India

Published

2 days ago

May 15, 2026

Namma Kudla

New Delhi: Petrol and diesel prices have been increased by Rs.3 per litre across the country from today. Oil marketing companies revised the rates due to the rise in global crude oil prices.

After the hike, petrol price in Bengaluru has reached Rs.106.17 per litre, while diesel now costs Rs.94.10 per litre.

The increase comes amid fluctuations in international crude oil prices and tensions in West Asia, including the Iran conflict. The fall in the value of the Indian rupee against the US dollar has also increased import costs.

The fuel price hike is expected to affect transportation and daily essentials. Transport charges for goods may rise, leading to higher prices of vegetables, fruits, milk, and other items. Bus, auto, and taxi fares may also increase.

Earlier, fuel prices were reduced before the 2024 Lok Sabha elections. In 2022, the Centre had also cut excise duty to control inflation after the Covid pandemic.

Business

Gold Prices Rise in Mangaluru; Demand for Ornaments Remains Strong

Published

2 weeks ago

May 4, 2026

Namma Kudla

Mangaluru: Gold prices in the coastal city of Mangaluru have been reported at high levels today. The rate for 24 karat gold (99.9% purity) stands at Rs.14,962 per gram. The price for 22 karat gold (91.6% purity) is Rs.13,715 per gram. Meanwhile, 18 karat gold (75% purity) is being sold at Rs.11,222 per gram.

Mangaluru is well known for its deep cultural connection with gold. The city has a long tradition of buying and wearing gold ornaments. This tradition continues strongly even today.

Local jewellers say that demand for gold remains steady despite high prices. Many people still prefer to invest in gold for safety and long-term value. Gold is also an important part of weddings and festivals in the region.

Apart from its love for seafood, Mangaluru is also famous for its gold market. The gold trade in the city has a long history and continues to grow.

Buyers are advised to check the latest rates before making a purchase. They can also use a gold rate calculator to get exact pricing based on weight and purity.

Experts say that gold prices may change depending on global market trends. Customers should stay updated and make careful decisions while buying gold.

Business

Pune FDA Seizes 3,800 Kg of Adulterated Mango Pulp in Major Crackdown

Published

1 month ago

April 15, 2026

Namma Kudla

In a major action against food adulteration, the Food and Drug Administration (FDA) in Pune has seized over 3,800 kilograms of mango pulp mixed with unsafe food colours.

The raid was carried out after officials received confidential information about illegal production activities in the district. Acting quickly, an FDA team traced the source to a manufacturing unit in Urse village in Maval taluka.

During the inspection, officers found that the mango pulp was being prepared using unauthorised food colours and other banned substances. These materials are not allowed under food safety rules and can be harmful to consumers.

The unit was reportedly operated by Mohammad Ekramul, also known as Akram Gulam. Authorities said the facility was violating multiple food safety regulations.

Officials immediately seized the adulterated stock and stopped further production at the site. The FDA has also begun investigating the supply chain to identify where the products were being distributed.

Authorities warned that strict action will be taken against those involved in food adulteration. They also urged the public to stay cautious while buying food products, especially during the mango season.

Further investigation into the case is currently underway.