The beauty and wellness formats will be started in Reliance Hypermarkets in May.
A senior income tax department official in the know of the discussions to have taken place in the finance ministry said the ministry was looking into the issue as a possible option.
The next time Amitabh Bachchan hosts Kaun Bangea Crorepati or Sachin Tendulkar hits a ton in an Indian Premier League match, the taxmen may come knocking on their doors.
All shares owned by Max group promoters shifted to two trusts
Cash-strapped Lilliput, the country's largest kidswear brand, may soon get a luxury makeover.
In a move that could pave the way for open auction of the 2G spectrum released from 122 cancelled operators, a draft Cabinet note prepared by the Department of Telecommunications (DoT) has recommended the spectrum price be discovered through an auction involving "existing players and new parties".
Sistema Shyam TeleServices Ltd is a venture involving equity participation by Sistema of Russia, the Russian Federation and the Shyam Group of India.
This will be the second high-profile exit from the company in recent months after Arun Kapur, the former chief executive, quit late last year.
Budget likely to list tax-exempt items as finance ministry, states agree
We are not a fly-by-night operator, says Sandip Das.
Four proposals by foreign firms deferred; half a dozen others waiting in the wings.
Regulator puts price at average of 1.65 times 3G cost; Sibal's approval needed for rollout.
The question is which tool it should use to shift gear.
The idea is to save customers the inconvenience of opening and closing bank accounts or keeping multiple accounts if they have to shift to a new location or find their bank's services unsatisfactory.
More than one-third of this amount (Rs 6,000 crore or Rs 60 billion) is likely to go to the country's largest lender, State Bank of India, while the demand for most other banks is less than Rs 1,000 crore (Rs 10 billion) each.
Pay healthy advance tax, but can't make up for large companies' volumes.
The Foreign Investment Promotion Board (FIPB) has rejected a proposal by Mauritius-based Axiata Investments 2 India Ltd, part of Asian telecom giant Axiata Group, to increase its stake in Idea Cellular by acquiring shares from the stock exchange.
The approval will, however, be subject to the regular conditions on valuation and pricing norms laid down by the Reserve Bank of India.
A rollback or dilution of the policy is not the only fear these multinationals have; they are also facing upfront political opposition.
Retailers need to get up to 50 permissions from a state government before they can start a new store. And, the permissions required include things like valet parking, use of insecticides, chillers and freezers or sale of non-vegetarian processed food.
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