Cooperative societies get more tax benefits as compared to individual house owners.
Amount more than twice the size of Sahara's; collective investment scheme operator has 3 months to return money and wind up.
Finance Minister Arun Jaitley said Sebi would develop new products in the commodity derivatives space apart from taking steps to deepen the corporate bond market.
While passing the scrutiny of courts is a tough challenge, with eight proposed amendments to the insolvency law, the government has sought to turn the focus back on at least some of the functions of the bankruptcy law.
Vodafone's long-pending tax dispute with the government might be heading for a resolution, with the finance ministry considering changing the Income-Tax Act's retrospective amendment and taxing indirect transfer of assets prospectively from 2012, the year the law was clarified.
Mark Scialla had interviewed several people on December 28 and 29 on alleged health issues faced by them due to the now closed Sterlite copper plant. Rambha said the visa clearly stated that the American national should not embark on any work except tourist activities.
Embattled liquor baron Vijay Mallya, who lost his UK high court appeal against an extradition order to India, has said that he is "disappointed" with the ruling but will continue to seek legal remedies as advised by his legal team. The 64-year-old former Kingfisher Airlines boss reiterated that he has repeatedly offered to pay the Indian banks the loan amount owed by his now-defunct airline, an offer which the banks have rejected.
In its judgment the tribunal said that all the accused entities should be given a chance for hearing, besides asking Sebi to establish whether these entities have made any unlawful gains through the IPO scam, which saw several entities cornering huge allotments during initial share issuances by applying for shares through thousands of illegal accounts.
Taking action against promoters of Gillette India for non-compliance to minimum public holding norms, Sebi on Friday ordered freezing all corporate benefits arising out of their stake in the company.
'The film stared at me and asked me a question. As a producer you have made financial decision but it's time that as a woman you made a decision from your heart. That's what I did,' says Lipstick Under My Burkha producer Ekta Kapoor.
Are we creeping back to controls on corporate decision making? Three moves over the past eight months reinforce this notion, says Kanika Datta.
Bangladesh's Supreme Court on Thursday upheld a death sentence for top Jamaat-e-Islami leader Abdul Quader Mollah for 1971 crimes against humanity, rejecting his review petition two days after his execution was dramatically put on hold in a last-minute reprieve.
Finance firms in these SEZs likely to get tax breaks.
Bangladesh's Supreme Court on Monday upheld the death sentence handed down to a fundamentalist Jamaat-e-Islami stalwart for committing mass murder and crimes against humanity during the 1971 liberation war against Pakistan.
In a setback to NALCO and Hindustan Lever Ltd, a tax tribunal has quashed their plea challenging the government's decision to impose anti-dumping duty on imports of caustic soda.
According to property consultancy firm Knight Frank, only 19 states and UTs have a functional portal in place, that too with a lot of information dissymmetry across data points
The NCLAT's order is offensive because it goes against every tenet of bankruptcy reorganisation. If Justice Sudhansu Mukhopadhyay's tenets are accepted by the Supreme Court, we will not only regress in modern bankruptcy reorganisation but also slide back in the Doing Business rankings, says Omkar Goswami.
Rediff readers tell us what their first salaries were.
The appellate telecom tribunal TDSAT on Friday dismissed Reliance Infocomm's petition challenging a penalty of Rs 150 crore (Rs 1.5 billion) imposed on it by the government for violation of licensing norms.
The government has accused Reliance Infocomm of violating the licence by illegally routing international calls as local ones to avoid payment of levies to telecom PSUs.
Bankers say debt resolution bills are coming high as resolution professionals are giving the human resources and audit/legal consulting to outside firms to plug all the loopholes.
The exchange moved through many ups and downs through the years.
Bangladesh government on Monday sought death penalty for rightwing Jamaat-e-Islami's 91-year-old supremo Ghulam Azam as it challenged in the Supreme Court a 90-year jail term handed down to him by a special tribunal for war crimes.
The deal, involving Abu Dhabi carrier Etihad's purchase of 24 per cent stake in Naresh Goyal-led Jet Airways, was approved last month by the Competition Commission of India.
After being forced to resign as chairman of MCF, Mallya is now keen on increasing his stake in the company
The CPI(M) on Friday renewed its demand for sacking of TRAI chief Pradeep Baijal and a full-scale probe into the entire 'scam.'\n
The report touches on variety of issues including consent, rights of children, data protection authority and right to recall data.
Palbinder Kaur Shergill, a sole practitioner with Shergill & Company, has extensive trial and appellate experience and has appeared before courts and tribunals across Canada, including the Supreme Court of Canada.
Bharti will move FIPB soon for increasing Axa's stake to 49%
Facing a penalty of Rs 150 crore (Rs 1.5 billion) for illegal rerouting of international calls, Reliance Infocomm is understood to have submitted its reply in the appellate telecom tribunal TDSAT justifying its position.
The chairperson of the Censor Board has sent her resignation to the government. So have some other members. They have alleged interference by the government and corruption in the board.
'Even though the hormonal drugs made me feel constantly sick, the IAAF now wants to enforce even stricter thresholds with unknown health consequences. I will not allow the IAAF to use me and my body again'
The new Insurance Bill may take little time to see light of teh day.
Sensex plunges 322.39 points to over 1-month closing low of 27,797.01; Nifty tumbles 97.55 points to 8,340.70.
The Sensex ended below 28,000 for the second straight day at 27,869.
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Since the cash flows will be impacted in a big way, DLF will have to resort to selling non-core assets in a substantial and significant manner through the next few quarters.
'I am not a supporter of complete freedom of speech or expression on any social platform, but we must have the right to choose as adults in a personal space.'
The apex court set aside the order of the Kerala high court which had upheld the Central Administrative Tribunal's decision that had not found fault with the state government's decision to transfer Senkumar from the post of the state police chief.
Delhi Stock Exchange's (DSE) struggle to end its life without hurting the diverse interests of its multiple stakeholders will continue into another year.
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