Seeking to create a global-sized bank, the Cabinet on Wednesday gave the go-ahead to the merger plan of SBI and its five associates, a step aimed at strengthening the banking sector through consolidation of public banks.
Experts said many firms had unbilled assets on their books.
The 0.5 per cent Krishi Kalyan Cess (KKC) on all services increases the total tax chargeable on services to 15 per cent, making it expensive to dine out or travel.
Amid long-pending dispute between the UK-based telecom giant Vodafone and the tax authorities in India, Finance Minister's advisor Parthasarathi Shome on Wednesday said the government should not use retrospective amendment of tax laws to raise revenues.
Moody's listed six agenda on the list of pending reforms -- land acquisition Bill, labour law reforms, significant infrastructure investment, tangible benefit from Make in India initiative, tax administration and PSU bank reforms
The new Land Acquisition Act to provide just and fair compensation to farmers came into force from January 1, 2014.
Of these 26, Bajaj Finance, Associated Alcohols and Breweries, Garware Technologies, Filatex India, Tasty Bite Eatables, Aarti Industries and GMM Pfaudler saw an over 10-fold surge in price since 2014.
These next generation ships can patrol the oceans for three or four months compared to the navy's current patrol boats, which can be at sea for a maximum of 45 days.
Barclays is not alone in trying to decide the best size and shape of its investment bank in a changed regulatory landscape.
FIPB has deferred 18 proposals.
Vishal Sikka who was made vice-chairman till his successor was appointed, also quit the board with immediate effect.
Given the school break, this is the peak travel season and companies catering to the 'friends and family' segment are expected to gain.
'The overall stress on asset quality is indeed coming down.'
While sale of stake in airport business and adjacent land will help lower debt, improvement in power business is crucial.
Gupta has expressed an intent to buy Port Talbot, Britain's biggest steelworks
JSPL, Tata Power, Monnet Power, Jindal Photo in the dock.
The UK government has promised to put in place measures worth hundreds of millions of pounds to support any rescue deal for the Indian group's UK business.
It hopes to turn around Ranbaxy within four years of closing the deal by improving efficiency and resolving all regulatory issues
Dilip Shanghvi founded Sun Pharma in 1983.
The best available recourse to keep the defence sector healthy, is to source most of our requirement within the country so that procurement outlays under both the Revenue and Capital heads flow within the country, recommends says Brigadier S K Chatterji (retd).
NTPC, which currently generates over 43,000 MW, aims to add 14,000 MW capacity by 2017.
CBDT circular issued last month had raised multiple taxation concerns.
In more trouble for Finnish mobile firm Nokia, whose immovable assets were attached in an alleged tax evasion case recently, the Income Tax department is set to issue fresh demand notices for payment of taxes to the tune of Rs 1,000 crore (Rs 10 billion).
If the Modi government's approach to economic policy making is any indication, expectations of a sudden spurt in economic reforms after the assembly election results appear to be grossly misplaced.
The tax computation compares the original cost, along with the stock value on January 31, and grants benefit of the higher of the two.
With clients increasingly looking at cost optimisation by passing on the risks to the IT vendors and IT services players demanding longer tenure deals to hedge their risks, a mix of these two factors are giving rise to large deals coming up in the market with a lot of strings attached.
Friendlier government policies, greater demand and better supply of coal have fuelled investor interest.
A bench headed by Justice H L Dattu, however, allowed the petitioner, former Additional Solicitor General Bishwajit Bhattacharyya, to file fresh petition with all the relevant documents stating what action Centre has so far been taken on the issue.
/We will stay away from corporate loans,' C S Ghosh, managing director and chief executive officer of Bandhan Bank, tells Namrata Acharya.
Experts say you may invest in small-sized funds and benefit from their nimbleness.
Experts say despite it being a global deal, the transaction will have to undergo CCI scrutiny because of the scale of operations.
In yet another step to attract foreign money, the Reserve Bank of India (RBI) has allowed non-resident investors to acquire shares of listed Indian companies through stock exchanges under the foreign direct investment (FDI) scheme.
The country's narrowing power deficit and increased coal production may not be indicators of the end of stress in the industry. Amritha Pillay reports.
