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 Reserve Bank on Wednesday permitted wholly-owned subsidiary (WOS) of foreign banks to acquire domestic private sector banks as well as set up branches anywhere in the country.
'We created war rooms -- from an IT perspective and also a customer war room -- to address any challenges that come up.'
It hopes to attract billions of dollars in investment by this move, and may ease some restrictions on foreign inflows.
Leading share-holders called for change.
Top ten banks of the world includes 4 from the USA, 4 from China and one each from the UK and Australia
India also slammed Pakistan Prime Minister Shehbaz Sharif for raking up Jammu and Kashmir at the UN.
Nearly two million e-mandates for recurring payments have been registered with banks and card networks after the Reserve Bank of India (RBI) made it mandatory from October 1 to take prior consent of a customer before debiting her account, sources in know of the matter said. Industry estimates peg the recurring transactions at approximately 2.5 per cent of the total volume of transactions, and about 1.5 per cent in terms of value. Of these, around 75 per cent of domestic recurring transactions, and about 85 per cent international recurring payments are below Rs 5,000.
Environmental campaigners say they hope two outstanding court cases can still stop India's Adani Enterprises Ltd from developing a A$10 billion ($7.6 billion) coal project.
The company has battled opposition from green groups since starting work on the project five years ago
In the case of Iran, the lifting of sanctions has paved the way for direct relations.
'Sometimes, we forget that the most important thing is to smile.'
China's GDP grew by 4.9 per cent in the third quarter, down from 7.9 per cent in the second, confirming the slowdown of the world's second-largest economy which was under pressure from the crisis-hit property sector, curbs on energy and tardy recovery from the Covid-19 pandemic.
Inflation in rural and urban areas in July was 8.45 per cent and 7.42 per cent, respectively.
Adani Wilmar's bid was approved by the committee of creditors of the bankruptcy-bound Ruchi Soya with about 96% votes in favour
Vastu Housing Finance is trying to leverage technology to distinguish itself in a crowded space.
Among India's capital-starved local banks, Essar is viewed as too big to fail.
The BKC commands Rs 28,000-29,000 per sq ft for office property and monthly rents are Rs 250-300 per sq ft
The beleaguered Deutsche Bank announced major overhaul of its business, which included discontinuing loss-making equities trading business, creating a new 'bad bank', and cutting 18,000 jobs. Deutsche Equities India employs 35 people, all of whom could face the job axe.
The CBI also carried out searches at the residence and office of controversial arms dealer Sanjay Bhandari in connection with the deal
Ruias to sell Essar Steel stake to strategic partners.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
A record 39,510 runners have registered for the Standard Chartered Mumbai Marathon on January 19, 2014.
Expressing concern over the Russia-Ukraine conflict, India and Australia have underlined the need for an immediate cessation of hostilities and stressed that the contemporary global order has been built on UN Charter, international law and respect for States' sovereignty and territorial integrity.
With as many as fourteen Australians taking part in the inaugural edition of the Women's Premier League, CA CEO Nick Hockley was happy to see the growth of women's cricket.
An estimated $344 billion has been illegally removed from the Indian economy between 2002 and 2011
In May 2014, FIIs were net buyers by Rs 20,225 crore (Rs 202.25 billion).
The charter of affiliation was signed by General Naravane and Air Commodore Tarun Chaudhry of 17 Squadron.
While Gupta, 60, can rightfully bask in the glory he has achieved for his bank in the subcontinent, his peers in foreign banks will have to revisit their India play, especially the local incorporation model, says Raghu Mohan.
Ambani has unveiled an over Rs 1.8 trillion capex plan for the next three years.
The agency has registered the FIR after a preliminary enquiry on a complaint from the oil ministry.
The government is also working on Euroclearing, the world's biggest bond settlement system, for Indian debt securities.
Actress Katrina Kaif wanted to participate in her first-ever Standard Chartered Mumbai Marathon, on Sunday, but things don't go as planned.
Consumer goods, durables, automobiles worst hit.
In a multi-city protest on Monday, a large number of company secretaries (CS) and chartered accountants (CAs) came together to seek extension of the deadline for annual filing due to glitches in the ministry of corporate affairs (MCA) portal. According to the Companies Act, firms are supposed to submit Form AOC 4 for filing of the balance sheet within 30 days of holding the annual general meeting (AGM). This deadline was over on October 29.
The RBI on Friday said it will give banks Rs 1 trillion through targeted long-term repo operations (TLTROs), of up to three-year maturity, to deploy in "investment-grade corporate bonds, commercial paper, and non-convertible debentures over and above the outstanding level of their investments in these bonds as of March 27, 2020."
Industrial production in November was expected to grow 1.0 per cent from a year earlier, after shrinking 1.8 per cent in October, according to the median consensus of 20 economists.
SBI said the crisis in Grece would have little impact on the bank.
For Indians, Sri Lanka is one of the favourite venues for destination weddings. But last month, when a family from Delhi chartered a Vistara Airbus A320 to Colombo, it packed much more than the standard paraphernalia of clothes, gifts and jewellery. The family ferried meals from Delhi for all the guests and to cover their entire stay in Colombo due to the food and fuel shortages in the island nation.
The central probe agency had filed a money laundering case to probe the deal and is carrying out the action to collect evidence under the Prevention of Money Laundering Act (PMLA), officials said.
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