A 15 per cent corporate tax rate for services companies in SEZs, setting up a fund for deep-tech startups and establishing clusters to demonstrate design-to-manufacturing capabilities of tech firms were some of the key demands made by the IT sector at the pre-Budget consultation on Monday. The participants shared their views and suggestions regarding Big Data, incentives for encouraging setting up of data centres, fiscal incentives for data localisation, incentives for pushing digital penetration in rural areas, and corporate guarantee to startups for competing with other nations.
On July 23, the apex court had cracked its whip on errant builders for breaching the trust reposed by homebuyers and ordered cancellation of the registration of Amrapali Group under the real estate law RERA, and ousted it from its prime properties in the NCR by nixing the land leases.
The rally in the broader market also mirrored the positive trend seen in other Asian markets.
The airline is not convinced that it will have a sizeable passenger traffic to make wide body operations profitable
Recent data from market analytics firm Nielsen shows that the rural market in the country's 630,000-odd villages is pulling down the overall FMCG business.
A Boeing team of experts would be flying to India to assess the situation arising out of a series of faults in Air India's Dreamliner aircraft, even as the airline insisted that the aircraft is safe.
The 21-day coronavirus lockdown in force since Wednesday has triggered a mass exodus of migrant workers across the country since the last few days.
'It is a balanced and prudent Budget that sets the foundation for future growth in the economy.'
In a major turnaround, Electronics Corporation of India's turnover increased by 48 per cent at Rs 1,005 crore (Rs 10.05 billion) during 2002-03 and the company plans to touch Rs 1,250 crore (Rs 12.5 billion) mark during the next fiscal.\n\n\n\n
Kolkata's creme de la creme turned up at the launch of Bandhan, The Making of a Bank, but the evening nevertheless had an informal touch typical of the young bank with CMD Chandra Shekhar Ghosh personally welcoming the dignitaries, reports Indrani Roy/Rediff.com.
The RBI has lowered interest rates by 1.25 per cent since January.
Admitting that there are governance issues in the public sector banks, RBI Governor Raghuram Rajan underlined the need for improving transparency in sanction of loans.
At the NSE, it tumbled 8.45 per cent to Rs 132.10.
"It is my first sortie in Tejas, it is a good aircraft for induction into IAF operations," Raha was quoted as saying by the aircraft maker Hindustan Aeronautics Limited.
The new-age traveler is no longer into ticking a checklist of must-see spots on his holiday. He is ready to pay a premium to experience culture, crafts and culinary delights of the local populace
The agency said the recall of the order granting Kumar an interim protection from the arrest was necessary.
Vikram Kothari's Rotomac stares at a loan default of Rs 369 crore
India Inc on Thursday rallied behind the Army's move to conduct surgical strikes on terror launch pads across the Line of Control and said it was the time to act tough while ruling out any negative impact on the country's economy and trade.
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At the close of trade, telecom stocks ended with as much as 4.3 per cent loss.
Another major development is REITs coming closer to reality
Experts interviewed CMDs of nine public sector banks on Friday and Kamath is believed to be in the reckoning
The Yogi Adityanath government on Wednesday transferred 20 senior IAS officers, shunting out Principal Secretary-Information Navneet Sehgal and others who wielded considerable influence under the Akhilesh Yadav dispensation.
'The government has just scratched the tip of the surface with the recent announcement. They are not realising the gravity of the situation.'
The integration of BrahMos with the Su-30MKI make the Indian Air Force the only air force in the world in procession of a supersonic cruise missile system.
The move will help to reduce Air India's distribution cost by 60 per cent
Whether the experiment will continue will be determined after assessing the impact of these 15 days - from January 1 to 15
In any case, Ghosh could take lessons from the best professionally managed companies all over the world that always groom the CEO successors well in advance.
Special CBI Judge O P Saini adjourned Monday's proceedings in the wake of stay granted by the Supreme Court on separate pleas filed by Mittal and Ruia challenging the March 19 order of the trial court summoning them as accused in the case.
As many as 11 people, including members from the influential Nilekani, Bajaj and Godrej families, were honoured for their outstanding contribution towards the good of the society at Forbes India Philanthropy Awards.
'A bold, progressive step forward,' Kotak Mahindra Bank CEO Uday Kotak said of Nirmala Sitharaman's corporate tax breaks.
Jaitley's Budget has the potential to change the face of Modi's Bharat
Even though HMT has survived for over 50 years, it failed to find a new peg to sell itself even as later entrants captured market share.
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The company presently manufactures eight-seater -- GA8 utility aircraft, in its Australia-based companies Aerostaff and GrippsAero which it acquired in 2010 to get into the aviation sector.
The market, however, reacted negatively to SpiceJet's announcement and the company's stock dropped by 0.87 per cent as analysts became wary of diversion into a new business during a high fuel price environment.
The finance ministry is not only keen to split the roles of CMD, but also wants to appoint them for a fixed tenure of five years.
Air India would add about 400 daily flights and over 40 new destinations in India to the 27-member Alliance network of over 18,500 daily flights to 1,316 airports in 195 countries.
Consumer products like mobile phones and laptops may become cheaper as the overall taxes on goods are likely to come down
Investor wealth on Thursday soared by Rs 1 lakh crore, triggered by heavy buying in the stock market, with the BSE benchmark Sensex surging about 382 points to close at near six-week high levels.
"India's middle class, small traders and farmers are the lifelines of its economic growth. By catering to these ambitions #Budget2019 infuses hopes for millions of dreams."
Describing RBI policy as not surprising, State Bank of India Managing Director and Chief Financial Officer Diwakar Gupta said there is room for the central bank to look at the long-term and not too much on the short-term issues like rupee fall and the CAD.
