After Chanda and Deepak Kochchar, the Kudvas are the second power couple in the financial world to come under the regulatory glare.
The US slowdown, service tax on leased and rented premises and imposition of minimum alternate tax are expected to take a toll on the revenue and earnings growth rates of all frontline IT companies in 2007-08.
While selling started in April, it has intensified this month, with FPIs pulling out $1.1 billion and $2.5 billion from equities and debt market, respectively
The race to get a New Umbrella Entity (NUE) licence for digital payments may get crowded. As many as six consortiums are said to be in the fray to apply for an NUE licence, which would create a for-profit National Payments Corporation of India (NPCI)-like body for retail payments. A consortium led by Financial Software and Systems (FSS), a leading provider of payment products and payment processor, is in talks and may file an application to the RBI for an NUE license, said sources aware of the development. The other constituents of this group include Indian Bank, Central Bank of India, India Post Payments Bank, National Bank for Agriculture and Rural Development (Nabard), and a few small finance banks.
'The corporate tax cuts will obviously result in lower tax payments by companies,' says Central Board of Direct Taxes member Akhilesh Ranjan who retires after 37 years in government service.
Captive centres set up by multinational corporations in India are posing a serious threat to the domestic outsourcing companies.
Infosys' first non-founder CEO had been granted 232,329 RSUs at Rs 5 a unit.
The slowdown in the US economy along with domestic factors like service tax on leased and rented premises and imposition of minimum alternate tax may impact revenues and earning growth rates of all major IT companies of India.
Second seed Sandeep Jangra and top seed Joshna Chinappa won the men's and women's titles in the 32nd Bombay Gymkhana Maharashtra State Open Squash Championships.
RIL has faced protests from local authorities, activists and residents across India campaigning against masts and roadworks.
Former Dabur director gave sketchy details of investors and his employer after two years of tax summons.
Swiss brokerage UBS joins European banking peer HSBC in shutting down its offshore derivative business
Nokia has tied up with Citibank, HDFC Bank, Axis Bank, Standard Chartered, HSBC, ICICI Bank and SBI Cards for the EMI scheme and the offer will be available to consumers with credit cards from any of these banks.
The task force will look at emerging markets, technology, regulatory and monetary policies, loss of trust in financial services, and financial inclusion.
Historically, the RBI has tried to keep the crooks at bay by issuing a circular a day. What it needs is more onsite supervision. Merely checking high-frequency data with the help of technology is insufficient, notes Tamal Bandyopadhyay.
If the nominations are not in place, the heirs need to go through a lengthy process to get access to the money cautions Bindisha Sarang.
The Reserve Bank may cut key interest rates as early as this week.
But lower growth numbers in the quarters to come may not mean renewed weakness in the economy at the ground level, says Pranjul Bhandari.
Five of the 10 best-paid independent directors belonged to the Tata group, followed by four from Reliance Industries and one from Wipro.
A slew of Indian firms, including Flipkart, Byju's and Zomato, is building a path to profitability and diversifying into newer business segments ahead of mega-IPO plans.
Govt is likely to find it hard to meet deficit target next year.
'With 1.3 billion consumers, India's market has great potential.'
Nearly 150 companies visited the campus this year.
The market breadth in BSE remains positive with 1,554 shares advancing and 1,196 shares declining.
IIT Kharagpur gets more than 1,000 job offers in a record five days, with 144 companies visiting the campus till Dec 5
Deutsche Bank could be the next to trim its retail operations.
The real benefits can be seen when prices stabilise, preferably at levels acceptable to both consumers and producers.
While some companies, such as HSBC, have closed retail operations, big players such as India Infoline is scaling down.
Investment trend by foreign investors will also be closely watched for stock movement
Firms have to adhere to strict compliance requirements mandated by global parents
The government introduced new tax rules on Wednesday aimed at reducing litigation with multinational firms over cross-border transactions the government considers tax avoidance schemes.
The optimism in global markets could help India as the rebound in GDP is expected to continue and get more broad-based.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The markets will be eyeing the amendments.
Technically, the Indian economy is on road to recovery.
Expenditure cuts necessitated by slowing revenue growth, weak industrial activity worrisome portents
These individuals largely include businessmen associated with companies, including the dummy ones, in sectors ranging from real estate, financial services, technology and telecom to paints, home decoration, textiles, engineering goods, gems and jewellery. Several of these persons and their companies are said to be based in Kolkata, Gujarat, Bengaluru, Delhi and Mumbai.
'Experts are not ruling out further pain as global factors cannot insulate India from the aftermath.'
Whether India can create labour-intensive factory jobs instead that it needs to put millions to work in the next few years looks very unlikely.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
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