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A Heinz Ketchup bottle sits between a box of Kraft macaroni and cheese and a bottle of Kraft Original Barbecue Sauce on a grocery store shelf in New York March 25, 2015. REUTERS/Brendan McDermid/File Photo(REUTERS File Photo)

Tata, Dabur among suitors to bid for Kraft Heinz in $1 billion India sale

By Bloomberg
UPDATED ON AUG 04, 2018 04:20 PM IST
Tata Group and Dabur India Ltd are among suitors selected for the second round of bidding for Kraft Heinz company
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The Enforcement Directorate (ED) initiated the action under the provisions of the Foreign Exchange Management Act (FEMA).
The Enforcement Directorate (ED) initiated the action under the provisions of the Foreign Exchange Management Act (FEMA).

ED seizes Rs 20.87 crore assets of Dabur’s Pradip Burman in probe of HSBC black money list

By Press Trust of India | Press Trust of India, New Delhi
PUBLISHED ON MAY 22, 2018 03:08 PM IST
ED said the assets were seized after it was found that Burman deposited $32.12 lakh in his account with HSBC bank in Zurich in Switzerland and that he “did not” show this amount in his IT Returns filed during 2007-08 despite declaring it to the taxman that this was his earning.
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