Tatas plan to revive, not sell the Port Talbot steel plant. The investment could be as much as $500 million.
The government is exploring legal options, including bringing an Ordinance, to tackle the problem of income-tax litigation on reassessment notices under old, time-barred norms, according to official sources. This has come in the wake of writ petitions filed by companies and individuals in recent weeks to challenge the validity of the notices issued by the tax department between April 1 and June 30 and under the old norms.
It had declined by slightly over 4 per cent in December. The city contributes 37 per cent to the total direct tax revenues. If the trend continues, it could affect the Budget estimates of Rs 13 trillion for the current fiscal year.
Wipro results follow estimate-beating earnings by larger rivals Tata Consultancy Services Ltd and Infosys Ltd .
If raters get away by moving from AAA to D overnight after companies default, as happened with DHFL, YES Bank, RCom, and IL&FS, it shows a complete breakdown in the rating system. It calls for exemplary punishment, not kid glove treatment, says Debashis Basu.
Prices of all metals - from steel to copper, aluminium, zinc and lead - have shot up by about 5-11 per cent in the past month. Commodity inflation is raising its head, forcing companies to consider price hikes.
To take the Rs 49,000 crore ITC to the top slot in the highly competitive FMCG business will require some aggression.
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.
CA chief executive Kevin Roberts said the schedule could change depending on the travel restrictions due to the health crisis.
In a television interview, Union minister Jairam Ramesh claimed that a state of UP's size was ungovernable
Graeme Smith's backing of Sourav Ganguly comes right after former England captain David Gower's comments that former India captain has right political acumen to become ICC president
The bid-pack for potential investors is ready and the government-appointed board has already sent it to the Company Law Board and Securities Exchange Board of India, according to sources close to the development.
'If you weed out corruption, you will bring glory to Goa.'
Pakistan Cricket Board chairman Najam Sethi acknowledged that all countries want to play against India as it enables them to earn maximum revenue.
There are about 31,000 pending cases, locking revenue worth Rs 500 crore.
A robust dispute settlement system would help the government unlock tax revenues, and also aid ease of doing business.
It is in no way a government of the economic Right. The Right is limited to religion and nationalism. The rest is as Left as the Congress or any other party, observes Shekhar Gupta.
The divestment target remaining unchanged, from the 2019-20 interim Budget, this year means the Centre will now have to depend on non-tax revenue sources like dividends from the RBI, PSBs and PSUs, as there are real concerns of a tax revenue shortfall. The fiscal deficit target of 3.4% of GDP for 2019-20 is likely to be retained as well.
The International Cricket Council on Monday postponed the T20 World Cup in Australia owing to the COVID-19 pandemic, a long-anticipated decision which paves the way for the BCCI to organise the IPL during the October-November window.
In a communication to the empowered committee on PLI recently, the Indian Cellular & Electronics Association (ICEA) has stated that except one player (Samsung), all the other eight players (which include vendors of Apple Inc) selected under the scheme were facing numerous challenges in fulfilling the qualification criteria.
OYO is also planning to set up some premium restaurants post the launch of The French Press. In recent months, the company has started four cloud kitchen brands - Adraq, O Biriyani, Paratha Pandit and Master of Momos.
The Pakistan Cricket Board (PCB) is keen to revive a strong Asian bloc in world cricket but believes strained cricket relations with India are a hurdle in the way. PCB chairman, Shahryar Khan returned home from Colombo after chairing the Asian Cricket Council (ACC) meeting without any one-to-one meeting with the Indian cricket board officials or discussions on revival of Indo-Pak cricket. "The Asian bloc can be revived in world cricket and made influential again but first Pakistan and India need to work on the same wavelength," Khan said.
The BCCI submitted a 60-page affidavit to the Supreme Court in which it stated it's opposition to certain points in the Lodha Committee report including one association and one vote for each state and also the inclusion of a representative of the Comptroller and auditor general (CAG) in the Board.
Infosys will focus on stabilisation in FY19 followed by building momentum the following year, and acceleration thereafter.
Information technology major i-flex Solutions has posted a 4.62 per cent increase in net income at Rs 178.8 crore for the financial year ended March 31, 2004, compared to Rs 170.9 crore in the last fiscal.
Google is going ahead with a policy revision mandating 30% charge on in-app purchases across all apps on Play Store. This has left developers' community worried about tighter squeeze on their earnings, says Yuvraj Malik.
Snapdeal chief executive officer Kunal Bahl said Piramal's investment was a significant endorsement for the firm and the transformation the company has undergone over the last couple of years.
Taxmen have come across instances where global firms - charged a withholding tax of 6 per cent - are underreporting the exact income they earned from an Indian user.
Officers of the three premier services -- Indian Administrative Services, Indian Police Service and Indian Foreign Service -- will now spend a minimum of two years at each posting and any exception in the form of transfers or new appointments will only be done upon the recommendation of a civil services board, according to new rules aimed at checking political interference.
Revenues from IT services segment, which accounts for a significant portion of the company's topline, stood at $2.013 billion, remaining flat sequentially and up by 5.8 per cent year-on-year.
Top Congress sources said they would not hold up the Bill.
Taking advantage of the RBI's different accounting year, the Centre had started demanding an interim dividend till the time the latter's final balance sheet is prepared (usually in August). To address this anomaly, an expert committee led by former RBI governor Bimal Jalan had recommended aligning the RBI's financial year with that of the government.
The IOC Executive Board on Wednesday finalised weight categories (eight men, five women) for the Tokyo Games as well as the qualification system.
2019, however, will be a bigger test as the firm continues to deal with rising attrition and margin pressure.
The scrutiny started when it came to the government's notice that Shelf Drilling, a company that operates one third of ONGC's contracted jackup rig and earns a revenue of close to $220,000 a day, has China Merchant Group as its single largest shareholder.
The bill to nullify retrospective taxation offers a fair solution within the framework of Indian law and Parliamentary sovereignty to companies which have been subjected to such demands, Finance Secretary T V Somanathan said on Thursday. Finance Minister Nirmala Sitharaman introduced 'The Taxation Laws (Amendment) Bill, 2021' in the Lok Sabha that seeks to withdraw tax demands made using a 2012 retrospective legislation to tax the indirect transfer of Indian assets. The Bill provides for the withdrawal of tax demand made on "indirect transfer of Indian assets if the transaction was undertaken before May 28, 2012 (i.e. the day the retrospective tax legislation came into being)."
Sushil Chandra will conduct the UP, Punjab, Goa, Manipur, Uttarakhand elections before he retires in May 2022.
Sensex firm on favourable GDP numbers for FY16.
I tried to reason in my mind that wouldn't beating Pakistan again and again -- in the league matches and in the knockouts if they made it -- be a better tribute to our martyred soldiers? A revealing excerpt from Vinod Rai's Not Just A Nightwatchman: My Innings In The BCCI.
The provisional restructuring plan has been carried out by lenders, led by State Bank of India, under the Reserve Bank of India's February 12, 2018 circular.
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