The bill to nullify retrospective taxation offers a fair solution within the framework of Indian law and Parliamentary sovereignty to companies which have been subjected to such demands, Finance Secretary T V Somanathan said on Thursday. Finance Minister Nirmala Sitharaman introduced 'The Taxation Laws (Amendment) Bill, 2021' in the Lok Sabha that seeks to withdraw tax demands made using a 2012 retrospective legislation to tax the indirect transfer of Indian assets. The Bill provides for the withdrawal of tax demand made on "indirect transfer of Indian assets if the transaction was undertaken before May 28, 2012 (i.e. the day the retrospective tax legislation came into being)."
The broader NSE Nifty ended 57 points, or 0.49 per cent, lower at 11,498.90 in its fourth straight day of losses.
'If we chose to do the right things, it is possible to avoid job losses at a mass scale,' ABB MD Sanjeev Sharma tells Raghu Krishnan.
Indian 'Vedas' have since thousands of years considered sun as at soul of the universe and a nourisher of life, the PM said.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Naik is passionate about protecting India's manufacturing sector from the onslaught of Chinese imports.
Budget has laid emphasis on enhancing expenditure in farm & rural, and social sector including healthcare, education, skill development, job creation and infrastructure
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
the Indian pilots will be trained to act correctly in case of abnormal landing of the manned spaceship descent module in various climate and geographic zones.
Bajaj Auto was the top laggard in the Sensex pack, tumbling around 6 per cent, followed by M&M, Reliance Industries (RIL), Tata Steel, Tech Mahindra, SBI, Axis Bank and ICICI Bank. NSE Nifty tumbled 162.60 points or 1.36 per cent to 11,767.75.
Firms generated free cash flows in 2013-14, for the first time since the 2008 Lehman crisis
Two projects in Iran, which India is to execute involving major financial commitments on its part, are of particular significance for Indian steel.
Petrol and diesel prices on Thursday climbed to fresh highs in the country as rates were hiked by the most in recent times, even as fuel retailers said the government can cut taxes to ease consumer burden. Petrol and diesel price was hiked by 35 paise per litre each after a gap of a week, according to price notification of state-owned fuel retailers. The increase took petrol prices to a fresh high of Rs 86.65 a litre in Delhi and to Rs 93.20 in Mumbai.
Transparency is more than welcome, but govt should not look vindictive.
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
Adani Power will also be dropped from the S&P BSE 100 index
While she primed up spending on infrastructure to create jobs and boost economic activity, Sitharaman did not tinker with income tax slabs or tax rates. Her Budget for the fiscal year beginning April 2022 proposed a massive 35 per cent jump in capital expenditure to Rs 7.5 lakh crore, coupled with rationalisation of customs duty, an extension of time for setting up new manufacturing companies and plans for starting a digital currency and tax crypto assets.
The 'Make in India' concept in the defence sector has the potential to help India meet 70 per cent of its defence needs in a few years.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The country's near-term outlook hinged on a benign inflation trajectory, uptick in industrial activity and falling crude oil prices
Such investments will bring tremendous job opportunities and strengthen the IT sector in the country
According to experts, this will have major impact on new investments by Chinese players in companies, such as Paytm, Ola, BigBasket, Byju's, Dream11, MakeMyTrip, and Swiggy, when they go for follow-up funding. Chinese investors, such as Alibaba, Tencent, and Xiaomi, are active in the Indian start-up space, and have collectively invested billions of dollars.
The retail inflation rate breached the 6 per cent upper tolerance limit of the RBI for the first time in seven months in January, while the wholesale price index stayed in double-digits for the 10th month in a row, showed two sets of data released by the government on Monday. Retail inflation, the key input for the RBI while reviewing the repo rate every two months, soared during the month mainly because of a spike in certain food items. The previous high for retail inflation was 6.26 per cent in June 2021.
Prabhu-led advisory group also suggests JVs with mining and infra firms.
'SAP has been an enterprise software leader for 43 years, and we don't have a competitor also in this space.'
NTPC was the biggest loser in the Sensex pack, tumbling 2.25 per cent, followed by Tata Motors, Bharti Airtel, PowerGrid, HDFC, Reliance Industries, Hero MotoCorp and M&M that shed up to 1.85 per cent.
On his arrival, Modi was warmly received by Qatar's Prime Minister Abdullah bin Nasser bin Khalifa Al Thani at the airport.
Eyes investments of Rs 31,000 cr in research and manufacturing of electric vehicles
ONGC was the top loser in the Sensex pack, shedding around 5 per cent, followed by SBI, Axis Bank, ICICI Bank, Bajaj Auto and Maruti. On the other hand, IndusInd Bank, HUL, Dr Reddy's, NTPC and Reliance Industries were among the gainers.
Reliance Industries Ltd (RIL) was the star performer in Friday's session, spurting over 6 per cent to its all-time high, Other Sensex gainers included Bajaj Finance, PowerGrid, ICICI Bank, Maruti, Axis Bank and SBI. On the other hand, IndusInd Bank, HCL Tech, ITC, M&M HDFC and Infosys shed up to 2.94 per cent.
Business failures rise when growth declines. When Indian growth slowed in the last decade, defaults increased. This is the normal working of the market economy, points out Ajay Shah.
Janhvi, Sara workout together... Ayushmann celebrates nine years of Vicky Donor...
'During the making of the film, he (Rishi Kapoor) kept fighting with Ayan and me.' 'Who takes so long to make a film? Who spends so much money?' 'Ranbir, you are not making a penny on this film. Who will watch a VFX film in the country?'
The new government may also introduce a separate scheme for revival of stranded gas-based power projects
Ather Energy would set up 30 charging points across Bengaluru by the end of May and the number would go up to 60 by the end of the year.
Gilgit Baltistan's large frontage with Kashmir and Ladakh across Kargil and the Siachen Glacier gives Pakistan and China the perceived scope for conduct of collusive operations against India and wrest control of the major course of the Indus and Shyok, observes Lieutenant General Syed Ata Hasnain (retd).
His Germany visit, which he described as a "new chapter" in bilateral relations, will begin with a meeting with Chancellor Angela Merkel at her country retreat of Schloss Meseberg.
State governments in Punjab, Gujarat, Maharashtra and Jammu & Kashmir are on high alert and have come up with contingency plans to ensure the security of residents in case of a war.
The added burden on manufacturers for recycling e-waste is expected to impact their margins, which may further lead them towards hiking prices of other items.
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