Just as India's apparel exporters were beginning to return on the recovery path after a year marked by recession in the US and Europe, the recent bankruptcy filing by the New York-based CIT Group could hit the sector hard.
The Federation of Indian Chambers of Commerce and Industry (Ficci) has sought urgent steps to clear the huge backlog of income-tax appeals, simplify tax deducted at source (TDS) compliance, and ensure tax neutrality for fast-track demergers, during its consultation with Revenue Secretary Arvind Shrivastava ahead of the Union Budget 2026-27.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Workers from the BJP and Congress clashed in Patna during a protest march organized by the BJP against the use of abusive language towards Prime Minister Narendra Modi's late mother. The protest turned violent, with stone pelting and vandalism reported. Police intervened to control the situation, and an investigation is underway.
In the Union Budget for Financial Year 2023-24 (FY24), Finance Minister Nirmala Sitharaman had held forth on the need for better governance and investor protection in the banking sector. She had proposed certain amendments to the Reserve Bank of India Act (RBI Act), 1934; the Banking Regulation Act (BR Act), 1949; and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.
Wadia group, the promoter of budget airline GoAir will invest $30 million with SIA Engineering, a subsidiary of Singapore Airlines, for maintenance, repair and overhaul services in the country.
HAL has integrated the ASRAAM (advanced short range air-to-air missile) for the Tejas Mark 1A. The Tejas Mark 1A will carry twin ASRAAM missiles with a range of 60 to 70 kilometres.
It is ranked 7th on the list of world's top-10 consumer finance firms
There are about 31,000 pending cases, locking revenue worth Rs 500 crore.
The challenge is to convince productive sectors that a lower general rate would benefit all and remove the prevalent system of favours targeted towards narrow industry and service sector groups.
The Pakistani terrorist arrested in a major breakthrough in the suicide strike that killed five Central Reserve Police Force men was a Lashkar-e-Tayiba recruit and it was he who allegedly dropped the two 'fidayeens' on the outskirts of the city on the day of the attack, investigations show.
Citigroup is expanding its relationship with Housing Development Finance Corporation beyond the stake it owns in the country's mortgage lender.
India cruised into the Super League as they crushed a disappointing Scotland by eight wickets.
While the Hinduja brothers - Gopichand, Prakash, and Ashok Hinduja - did not indicate any move to begin talks with Vinoo Hinduja, top Indian lawyers said mediation would help both sides considering that the letter signed by the four brothers cannot trump other legal documents and challenge the validity of a registered will of SP Hinduja.
A bench headed by Justice T S Thakur asked Delhi government to issue notification by August 4 for converting the conference room into jail which can be used by Roy and two jailed directors of Sahara for 10 working days from 06:00 AM to 08:00 PM for holding negotiations with prospective buyers of hotels in New York and London.
'They are not affected by ISIS' sentiment of avenging the suffering of the global ummah.' 'They have a huge ummah of their own in India, a huge Muslim population.' 'And because of that, they have to take into consideration the political and social conditions of Muslims in India.' 'They have to express themselves in a more political way and not through terrorism.'
