Jet Airways, which is yet to resume operations under its new owner, will reduce salaries for various staff and send many employees on leave without pay, amid uncertainty over resumption of its operations. The measures, which will be effective from December 1, were revealed hours after the winning bidder Jalan-Kalrock Consortium (JKC) said it might take "difficult" near-term decisions to manage cashflows. The once-storied airline shuttered operations in April 2019 and JKC's resolution plan was approved under the insolvency process by the National Company Law Tribunal (NCLT) in June last year.
This is the first time that this important nodal national agency for economic intelligence has obtained data on suspected offshore stash of Indians as, till now, such information was only received by the exclusive wing of the Central Board of Direct Taxes.
ASCI and Ayush ministry get down to monitoring print and television ads of ayurvedic, unani, homeopathic and yoga and naturopathy practitioners.
A surge in taxi fares earlier led Maharashtra govt to set up committee to recommend prices for these players
Here's the full text of Prime Minister Narendra Modi's address to a joint session of the United States Congress, delivered on Thursday.
Bayern Munich eased past title rivals Borussia Dortmund 3-1 on Saturday to secure their 10th consecutive Bundesliga crown in front of a sold-out home crowd and with three games to spare, while Paris St Germain secured a record-equalling 10th French top flight title after stuttering to a 1-1 home draw by 10-man RC Lens.
The video, which also shows Osaka signing a TV lens after a win and at a tournament representing Japan, depicts girls of all ages playing softball, rugby, tennis, soccer and fencing, plus breakdancing.
Flipkart has long been under the ED scanner for alleged violation of FDI rules.
Saturday's mid-air engine failure on Indigo flight prompts scrutiny.
As many as 44 shareholders of Flipkart sold their holdings to Walmart. The income tax law requires the buyer to withhold tax while making payment to the sellers, in case they are not exempted from levy of capital gains tax.
Formal warning to Indian unit of deficiencies noted during inspection at facility near Chennai; firm says will remedy
A bench headed by Chief Justice P Sathasivam said the issues raised in the plea need 'examination' and issued notice to the Centre, RBI, Central Board of Direct Taxes, the Institute of Chartered Accountants of India, PwC and the audit firms sharing its brand name.
According to sources, the two fund managers allegedly made illicit gains worth Rs 150 crore to Rs 200 crore through front-running.
Sebi wants angel networks to follow public and private placement norms
Wimbledon's decision to ban Russian and Belarusian players from this year's tournament following the invasion of Ukraine was wrong and lacked respect, world number one Novak Djokovic said on Monday.
In this round, the market has won. But it is still for Gautam Adani to decide whether he has lost or not, argues Shekhar Gupta.
A senior official said CBDT has inputs that a number of these companies possibly indulged in tax crimes and once this is established, the department will initiate action against them for indulging in money laundering and tax evasion.
Laxity in enforcing KYC and allied norms suspected; money laundering gaps also on probe panel's mind
Ashish Narsale/Rediff.com brings you amazing gadgets and mobile devices from CES 2022.
Though the current framework applies to online advertisements as well, these pilot projects would lead to tighter screening on the Internet.
Jindal said that he had tweeted asking a question to those attacking and insulting Hindu deities and it was not aimed at hurting the religious sentiments of any community.
Reserve Bank Governor Shaktikanta Das on Wednesday said underlying economic activity in India continues to be strong, but external factors will cause some "dent" to the economy. Speaking at the BFSI Insight Summit 2022 organised by Business Standard, Das said the RBI tracks 70 fast moving indicators and most of them are in the "green box". It is the external sector, mired by a fear of recession or clear visibility about slowing growth in a large part of the world, where the challenges lie, he said, adding that the impact of external demand will "dent" the economy.
The government has decided to examine the popular export promotion scheme -- the Export Promotion Credit Guarantee Scheme -- to prevent its misuse in the wake of a car import scam coming to light recently.
The government-owned Oil and Natural Gas Corporation, Cairn India's partner in the Barmer block in Rajasthan, is closely scrutinising the stake sale in Cairn India by Cairn Energy.
We present some of the most dramatic photographs clicked across the globe in the last few days.
We present some of the most dramatic photographs clicked across the globe in the last few days.
We present some of the most dramatic photographs clicked across the globe in the past 48 hours.
India and Singapore had in 2013 amended the DTAA to help exchange banking and tax-related information more effectively.
When Jiang Zemin traveled, as you can see in the photographs here, a Kodak Moment was never far away.
The Directorate of Enforcement is investigating Ringing Bells, the company which has launched smartphone for Rs 251, for alleged contravention of FEMA.
The Enforcement Directorate has been asked to investigate alleged violation of FDI regulations by e-commerce company Flipkart Online Services and cash & carry chain Bharti Walmart.
Three teenage girls have made a brief documentary which shows a much more cheerful side of Afghanisthan's capital, Kabul. It has broken the stereotype of bombed out sites and terror attacks the world associates with this war-ravaged country.
Karim Benzema scored twice in the final few minutes to give Real Madrid a 3-1 win at Espanyol, while Barcelona breezed past Real Valladolid with a comfortable 4-0 LaLiga victory.
Leicester pushed forward after the interval but were caught out on the break in the 64th minute when Ritchie's pass released Wilson who coolly rounded Schmeichel before sliding home.
The government said on Friday it is considering offloading 10 per cent of its equity stake in navratna public sector unit Bharat Heavy electricals Limited.
Sources said a notification to this effect will be released soon. Indian arms of foreign firms make it a rule that audits must be conducted by their foreign partners for Indian companies approaching the overseas markets for any reason. No such rule exists, the source said, although the practice is common. "We are screening partnership agreements of all these firms to analyse the legal basis on which the foreign firms audit Indian companies," the source added.
Pakistan Prime Minister Shehbaz Sharif on Thursday chose Lt Gen Asim Munir as the new Army chief to replace incumbent General Qamar Javed Bajwa.
Barcelona wasted a golden opportunity to extend their lead at the top of LaLiga as they were shocked 1-0 at lowly Almeria on Sunday thanks to a first-half strike by El Bilal Toure.
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