News digest: 130,000 firms without PAN, hiring crunch in IT, and more

The seven listed companies belonging to the ADAG fell as much as 12 per cent on Wednesday

Govt finds 130,000 firms without PAN

An investigation conducted by the Ministry of Corporate Affairs (MCA) has revealed more than 130,000 companies, out of 224,000 taken off registers, did not have a permanent account number (PAN) even as they transacted crores of rupees. Read More...

City of ploy: Surat pips Kolkata to become the new shell firm capital 

According to the Income Tax (I-T) department, a majority of the companies featuring on the new list of shell firms provided by the government are based in Surat. Kolkata had topped the first list. Read More...