Five out of the top 10 companies in Fortune 500 list of Indian companies are from the oil sector.
Odisha Chief Minister Naveen Patnaik may be questioned by CBI for writing a letter of support in favour of Hindalco, an Aditya Birla group company, after its bid for coal mines was rejected by coal ministry.
The Central Bureau of Investigation is likely to file its status report in the coal scam before the Supreme Court on Tuesday stating details of its 14th FIR against Hindalco and others and also progress in the remaining 13 cases.
Factories are shutting down owing to a shortage of labour and raw materials, and a lack of logistical support amid the ongoing nationwide lockdown against the coronavirus pandemic.
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Cumulatively for the first two quarters till now, the advance tax collections from the Mumbai zone, which contributes over a third of the income tax collections nationally, have grown 11 per cent, the official said.
Licence winners are expected to be announced by the first quarter of 2014.
Consumer businesses come to the rescue of large conglomerates in the midst of a meltdown in commodities.
Five others, including one retired and another serving public servant -- K S Kropha and K C Samria -- were held guilty for various offences under the Prevention of Corruption Act and Indian Penal Code.
Year 2013 saw business leaders facing the ire of hostile investigative agencies.
According to industry experts, companies in sectors such as consumer durables (fans, air-conditioners), power cables and the electrical industry will be hit, given that they are big users of copper.
Budget 2014-15 has done away with the tax sunset clause of March 2014.
Just before the 2008 financial crisis made headlines, Indian companies were on a global buying spree. In the fifth part of the series, Dev Chatterjee and Krishna Kant discuss how the crisis came as a black swan event for some, changing the mood from exuberance to despair.
Riding on a stock market boom since 2009, India Inc's chief executives have been able to salvage a lot of lost pride in their second innings.
The Central Bureau of Investigation has questioned T K A Nair, advisor to Prime Minister Manmohan Singh, in connection with alleged irregularities in allocation of coal blocks, which included granting of a block to Hindalco at Talabira despite it being rejected by a screening committee of the coal ministry.
Corporate India is starting to step up its capital expenditure plans amid government incentives and signs of rising demand, company executives and analysts have indicated. This coincides with the Reserve Bank of India (RBI) recently citing a double-digit growth in private capital expenditure. Healthy balance sheets of banks and corporates, along with increasing capacity utilisation and improving business sentiment, are contributing to a favourable environment for sustained growth in private sector investments, the RBI said in its policy last week.
The Supreme Court on Wednesday stayed the summons to former Prime Minister Manmohan Singh and 5 others by a trial court over the coal scam.
In the wake of the 2G acquittals, here are a few high-profile cases in which question marks were raised by various courts over the CBI's probe.
Dr Singh said he was upset but expressed confidence that truth will prevail in a fair trial.
Companies write off investments, shed assets as initial projections go haywire
Dividend distribution tax in FY20 would only be applicable after deducting Rs 70 received from the foreign subsidiary, meaning 20.56 per cent DDT would be paid only on Rs 30.
Tatas, Adani, Bharti, HDFC and Sun Groups have clocked huge gains.
Hindalco has done very well with Rs 900 crore (Rs 9 billion) of ebidta in June quarter.
CEOs fear any change in status of the mines will mean disruption in production, loss of investment and increased production cost for user industries.
From 5G to Tesla to Covid vaccine, 10 things will shape India's future.
Indian CEOs might like to make some serious course correction.
Sensex rises, snapping two-session losing streak; banks, auto gain.
R-Power, Essar could be hit as state mulls benefit-sharing levy for ecology loss.
Chanda Kochhar, managing director of ICICI Bank, says the new government must take effective action bringing clarity around tax laws.
Dr Manmohan Singh's role in the sordid saga of the Coal Allocation Scam was always Delhi's worst-kept secret; calls for his interrogation will mushroom after he was named by P C Parakh, says T V R Shenoy.
Sensex ended above 26,000 led by telecom shares amid TRAI's spectrum sharing norms.
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Crony capitalism will of course generate investment and ensure profit for private capital, but it won't give employment or income to the people. If you can make money by selling coal or speculating in land, why produce electricity, why invest in research and development, why even set up factories, asks Praful Bidwai.
Sentiment has improved but no progress on GST & ending 'tax terrorism' disappoints.
It is hoped that the decision of India's apex court will send a signal to politicians and their cronies from the world of business that the rule of the law does eventually prevail, says Paranjoy Guha Thakurta.
Gaurav Garg, Head of Research, CapitalVia answers readers' stock market queries
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Benchmark share indices ended lower on profit taking after they touched record highs in the previous session.
Congress leaders led by Sonia Gandhi marched from the Congress headquarter in New Delhi to the residence of Manmohan Singh to express solidarity with the former prime minister, who has been summoned as accused by a court in a coal scam case.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The 30-share Sensex ended 271 points higher to end at 28,930 and the 50-share Nifty climbed 76 points to close at 8,776.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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