CBDT circular issued last month had raised multiple taxation concerns.
Bharti will move FIPB soon for increasing Axa's stake to 49%
India may soon see a new set of oil barons with lesser-known companies venturing into crude oil and natural gas production. These new kids on the block have come up through a mix of entrepreneurial grit and backing from oil industry veterans. Nippon Power, South Asia Consultancy, PFH (Poddar Family Holdings) Resources and Chennai-based Adbhoot Estates could be the first ones to start production from blocks awarded during the first round of Discovered Small Field (DSF-1) auctions. Adbhoot is in a 50:50 joint venture with the Bombay Stock Exchange-listed Hindustan Oil Exploration Company that has some five oil producing assets and over 10 blocks across the country.
Growing protectionism in their main markets - the US and the UK - has forced them to hire local workers, upending the cost arbitrage model they had built their business on.
Nikita Puri and Dhruv Munjal explain why new-age businessmen are turning to exclusive, uber-rich clubs.
'Who would think of making a bank of poor women? She had vision and boldness.'
Investors and EOW waded through a maze of legal obstacles to get their hands on the 'kingpin'.
Sharad Pawar reckons that the NCP has value as a united, going concern, not as a gaggle of leaders in search of followers, notes Shreekant Sambrani.
Venture capitalists are leveraging their experience to build something new.
'Our family philosophy is to build a bridge between India and Britain.'
1mg has made buying medicines easy and it aims to do more in online health care.
In most cases, the payback on energy saving projects offered by GIBSS are between one and three years.
Despite a temporary relief, foreign investors still see the sword of double-taxation hanging above their hard earned returns.
The rules, the first ever for software applications in the country, were recently issued by the patent office and mandate each new software to be 'machine-specific' and packaged with 'new hardware' to qualify for a licence.
Sectors throw up a wishlist for the Finance Minister.
Experts said the risks associated with the Indian Experts say that aviation sector would keep investors away from airline stocks.
With an epic battle of billionaires for supremacy in one of the world's most prolific markets and a pandemic-propelled surge in online shopping in the background, India's nearly trillion-dollar retail market is hoping to touch 85 per cent of the pre-COVID business in the first half of the New Year. In a year when the COVID-19 carnage ripped apart the retail business, circa 2020 will best go down for the unravelling of the war between Jeff Bezos, the world's wealthiest man, and richest Indian Mukesh Ambani for pre-eminence in the booming market that is estimated to reach $1.3 trillion by 2025. It all started with Ambani's Reliance Industries agreeing in August to buy assets of the nation's second-largest retailer for Rs 24,713 crore, just a year after Bezos' Amazon purchased an indirect stake in the indebted Future Retail.
No longer an in-house task; hiring legal eagles is now becoming norm for M&As, fundraising
One of Indian TV's most famous faces tells Kanika Datta why and how she hopes to reinvent herself in the uncharted territories of multimedia and think tanks
There was a sharp fall in power output on Thursday from a plant in Gujarat that left India more than 9,000 megawatts short of peak demand, according to two officials at the state grid operator.
Such a disruption will take the clock back by many years - in terms of passengers handled - for these airports, thus raising questions among some of the airport operators over a delay in expansion plans.
Constantly evolving rules and anomalies over tax treatment have constrained corporate programmes in the first year that the government's CSR mandate has been in force.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The assumption clearly was that project execution timelines would be adhered to and revenues would flow in as scheduled.
Under the EB-5 visa programme you can become a US citizen provided you invest $500,000 in an approved project and create targeted employment. But only 700 Indians can do so each year.
The government must undo the damage inflicted by the flawed policies of globalisation, and India should be converted into a country where entrepreneurs can thrive and the entire population can participate in the economy, says Arvind Kumar.
The report is based on data collated from 5 large angel groups.
"The provisions of the said bill are nothing short of draconian and promote gross incompetence and mockery of professionals currently working day and night and sacrificing their youth for this broken system," said the protesting doctors.
This was the companies' highest loss in two years.
There are about 600,000 taxis in India, generating combined annual revenue of about Rs 11,000 crore (Rs 110 billion).
The typical modus-operandi of such entities involves setting up of a company, followed by tall claims about their proposed business ventures.
Business is down to such an extent that last year these firms could not even meet RBI's capital norm of Rs 50 million for partnerships and Rs 100 million for public and private firms in this line of business.
The finance ministry and several agencies under it such as the Securities and Exchange Board of India (Sebi) and the Enforcement Directorate (ED), which are investigating the affairs of Sahara India Parivar, are worried about its exposure to National Spot Exchange Ltd (NSEL) products.
Metro projects usually require additional funding by promoters, which RInfra refuses to in this case.
A family man with two sons, who made it a point to attend all weddings and occasions in the community, Siddhartha is known by everyone as the quintessential 'nice guy' CEO -- never yelling, raising his voice or screaming at his employees, says Pavan Lall.
Booked between 2007 and 2011, out of the total 32,700 residential units under various Jaypee Infratech (JIL) projects, at least 20,000 homes are yet to be delivered. Supreme Court documents show that, till last March, Jaypee had issued 7,997 offers of possession to homebuyers while executing only 6,530 sub-lease deeds. These deeds offer homebuyers possession rights but, unlike registration, does not guarantee absolute ownership.
Ananthasubramanian, 55, started her career in 1982 at Bank of Baroda as a specialist officer in the planning stream.
A customer wanting to buy a car would have to wait a long time for delivery.
Today, India is one of the fastest-growing eCommerce markets in Asia/Pacific along with China.
The sector will start making operating profits by 2020.
