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Share buyback tax was not warranted

Levying buyback tax at a flat rate of 20 per cent (plus applicable surcharge and cess), irrespective of the period for which shares are held will be a dampener for equity shareholders who take......

The Triumph of English, and why it's good for our youth

'No other language can now take its place. English is the language of professional education, which gives you a passport to a bright future,' says T N Ninan.Illustration: Dominic Xavier/Rediff.com......

How RBI's tough rules impact audit companies

The central bank's tough new rules spell major changes in the competitive landscape for financial services audits, reports Sudipto Dey. Illustration: Uttam Ghosh/Rediff.com Irrespective of whether......

E-way bills likely to fall to 5-month low amid lockdown

While some of the services sectors such as hospitality, entertainment and aviation have been grappling with a significant decline in their businesses, any reduction in e-way bill generation could......

Change in tax structure prompted India Inc to favour buybacks again in FY21

In 2020-21, Indian firms offered to buy back shares worth Rs 39,295 crore, or 97% more than Rs 19,972 cr proposed in the previous financial year. Illustration: Uttam Ghosh/Rediff.com Share......

Contrary advance rulings on GST leave industry perplexed

In addition to this confusion, classification issues, revenue biases in rulings, delays in disposing of applications, and lack of senior officers in AARs have made the advance ruling mechanism......

Will gold loans lose sheen?

While taking gold out of the closet to borrow money is no longer taboo in Indian households, the sharp drop in gold prices is hitting the newest loan product on the banking turf hard, explains......

Which films are coming up on OTT? Find out!

Prime was the first to grab streaming rights for seven titles for an estimated Rs 300 crore.Viveat Susan Pinto reports. IMAGE: Vidya Balan in and as Shakuntala Devi: Human Computer. Shoojit......

Gulabo Sitabo on Amazon: Producers earn Rs 20 crores profit

Gulabo Sitabo was made with a budget of Rs 40 crore to Rs 45 crore.Amazon Prime bought the streaming rights for Rs 60 crore to Rs 65 crore, helping the producers make over Rs 20 crore.Surajeet Das......

Lockdown effect: Rs 3,500 crores stuck in Hindi/Telugu/Tamil movies

'Maybe it's time for Plan B for the film industry.'T E Narasimhan reports. IMAGE: Cricket legend Kapil Dev with actor Ranveer Singh who plays him in Kabir Khan's film '83, which was to have......

Baahubali Effect changes how India makes movies

Several big budget movies, including one for Rs 300 crore on Karna and another Rs 1,000 crore movie based on Bhima, have been launched on the same model.T E Narasimhan reports. Additional inputs:......

Indian women golfers set to make history at LPGA event

Aditi, Diksha, Tvesa to play at Ladies Scottish Open. IMAGE: I have been waiting for this for long, says Diksha Dagar. Photograph: Tom Dulat/Getty Images In a first for Indian women's golf, three......

Sports Shorts: Ramkumar makes Winnetka Challenger final

A summary of sports events and sports persons, who made news on Saturday   IMAGE: India's Ramkumar Ramanathan. Photograph: Shashank Parade/PTI India's Ramkumar Ramanathan, who has blossomed......

Women's PGA: Aditi tied-12th alongside Lydia Ko, Michelle Wi

IMAGE: India’s Aditi Ashok reacts. Photograph: Andrew Boyers /Reuters A second successive two-under 69 in the year's second Major has put Indian youngster Aditi Ashok in a great position to......
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