The Income Tax department which is probing all financial transactions of the Indian Premier League (IPL) has advised all foreign players to obtain PAN cards, failing which they will have to pay penal tax on their cricket related earnings in India.
He said the 'toxic combination of deep distrust, pervasive fear and a sense of hopelessness in our society' is stifling economic activity and growth.
While the BSE's asking valuation is reasonable, compared to peers, there are some factors that long-term investors need to consider before investing.
Devendra Mukhia, an alleged aide of former Jharkhand Chief Minister Madhu Koda, on Monday surrendered before the Income Tax Department in Ranchi, which wants to probe his involvement in the alleged hawala and illegal investments case. Mukhia is among the four persons who had failed to meet the November 6 deadline, set by the IT department, to appear before it for questioning in connection with Rs 2000 crore hawala transactions and illegal investments case.
Goswami was arrested on Wednesday morning by Raigad police from his residence at Lower Parel in Mumbai for allegedly abetting the suicide of architect and interior designer Anvay Naik, and was taken to the Alibaug police station in neighbouring Raigad district.
For FY21, CSB is looking at growth of around 25 per cent and is confident of doubling it in two years. And it is also exploring options to acquire a mid-size bank with a good client base and branches in the north to acquire an all-India presence.
Most investment costs are bundled in with the financial product, and are often hidden in fine print, warns Erik Hon.
Out of 11 companies that got listed in 2019, nine have outrun the market by gaining more than 10 per cent against their respective issue price.
Airtel DTH has high hopes from a market that offers scope for exponential growth but is already packed tight like a can of sardines. Can the telecom major pull it off?
Reddy, who appeared at the Central Crime Branch office in Bengaluru on Saturday, was arrested after the questioning ended on Sunday morning
The ED had sent summons to the painter, considered close to ruling Trinamool Congress in West Bengal, for the second time to seek clarification on the business deal he had entered into with Sudipto Sen, chief of Saradha group.
This is part of a strategy to mop up as much revenue as possible in the current financial year.
Sebi to look into disclosure, other lapses in the Vijay Mallya, Diageo case.
Ratnakar Bank to absorb RBS' employees involved in three businesses
The five key components, which are indispensable for any smartphone, cost more than Rs 2,000 even for a budget 3G-enabled 3.5-inch handset.
Pulbic banks have no reason to cheer Budget announcement.
The television channel is in hot water for not having made a public announcement in 2009 of a 'change of control' of the company.
It cannot be that only in this case the CBI has developed a spine, refusing to heed the advice of its political masters.' 'There is something that does not meet the eye here,' notes Virendra Kapoor.
'What is unusual about the current period of slow growth is that it has come without an external driver -- high oil prices and/or successive monsoon failures -- as was the case with all previous periods of slowdown, going back 50 years, notes T N Ninan.
India should not be left behind. It should join the seven central banks which are studying feasibility and safeguards necessary to eliminate risks, particularly from hacking, advises former foreign secretary Shyam Saran.
Both Houses have been witnessing a ruckus over the Rafale fighter jet deal and Cauvery river issue, among other matters.
Its obsession for growth, chasing corporate clients and giving up its original mandate of meeting the needs of local trade and businesses. A quarter of its loan book has gone bad. That's an error of business strategy, points out Tamal Bandyopadhyay.
Averaging works only in a portfolio which is what SIP helps you do. Averaging does not work in case of a single scrip. Here's why
The Congress, which was not a petitioner before the apex court, wants the Rafale deal to be referred to a Joint Parliamentary Committee to go into the price arrived at by the BJP government versus the one negotiated by the previous UPA regime, as also how billionaire Anil Ambani's group with virtually no experience in manufacture of fighter jets was selected as an offset partner for the deal.
Political Pundit R Rajagopalan lists his big takeaways from the election results.
Wanted diamond merchant Nirav Modi on Thursday lost his fight against being extradited to India as a United Kingdom judge ruled that he can be sent back to face charges of fraud and money laundering in the estimated $2 billion Punjab National Bank scam case.
The Imran Khan government termed the leaked video "doctored" and demanded its forensic audit, saying that "it is an attack on the judiciary."
Shortly after a controversy erupted over government's plans to snoop on every message sent through WhatsApp, SMS, e-mail or any such service, the Department of Electronics and Information Technology clarified that social media websites and applications will be exempted from the purview of the draft National Encryption Policy.
Oppn members went into the area of treasury benches carrying a black banner, which demanded Shah's resignation, as Speaker Om Birla continued with proceedings of the House.
Soccer highlights from across the globe.
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.
In its chargesheet filed in a special court in Srinagar, the CBI alleged that Abdullah as the association president at that time had connived with the treasurer of JKCA and others for undue siphoning off and misappropriation of funds, a CBI spokesperson said in New Delhi.
Apart from digital advertising revenue, both companies want to reach out to the 'next billion' Indian customers. After all, around half of the 1.3 billion population is still not on the net and this represents a challenge as well as an opportunity.
Strangely, a few days after filing the charges, the CBI teams arrived in Hyderabad and Mumbai to raid GVK's offices and found incriminating evidence, a reversal of the normal course of events.
'We have to go through the process of obtaining informed consent.'
Indian bourses are likely to benefit from higher foreign fund flows as cracks appeared in the Chinese stock markets after the government tripled the tax on securities transactions to cool a rally.
The ED had filed six cases in the Additional Chief Metropolitan Magistrate (Economic Offences Court-I) which had discharged the duo in two cases in 2015 and directed them to face the trial in other cases.
The government is selling its entire 100 per cent stake in Air India but wants effective control to stay with Indian nationals.
All that India must aim for is to match China's military prowess adjusted to equal Beijing's India-specific military capability, argues Vivek Gumaste.
