The company moved the income-tax appellate tribunal and its appeal is pending there.
With no solution in sight to the payment dispute that has rocked Indian hockey, team sponsor Sahara on Wednesday sanctioned Rs one crore immediately, to be distributed only among the striking players in a bid to resolve the crisis.
India's revolting hockey players were served a 24-hour deadline to resume practice or face disciplinary action as the entire squad began an indefinite boycott of the World Cup preparatory camp over a payment dispute.
The Supreme Court had ruled in Vodafone's favour in 2012.
Byju Raveendran, the founder and chief executive officer of the beleaguered edtech firm Byju's, said the company credited all pending January salaries to employees over the past few days. This was communicated to the employees in another letter sent on February 4. Byju's has about 15,000 employees. "I know you were told that you would get your salaries by Monday.
A bench headed by Justice Suresh Kumar Kait, while dealing with an appeal of the wife who withdrew her consent for mutual divorce after a settlement, observed that the idea of a no-fault-divorce is to make the parties realise that there was a sensible way of parting on the agreed terms.
Controversial Pakistan fast bowler Shoaib Akhtar has confirmed that he had payment disputes with the Indian Premier League team Kolkata Knight Riders, who are yet to clear his dues.
'If it got to a last-minute situation, I suspect that we would offer to provide good officers brokering between the parties, but there's six months between now and the Ashes'
Byju Raveendran, founder of educational technology (edtech) firm Byju's, has injected around Rs 4,000 crore of personal capital into the company in recent months. This move comes as the company grapples with challenges, including securing fresh capital, delays in financial reporting, and legal disputes with lenders. "Raveendran has pledged personal property to assist the company in dealing with the crisis. "He conveyed to employees that despite perceptions of being a billionaire, he has reinvested a major portion of his wealth back into the company," said a person familiar with the matter.
To promote cashless transactions, the government had waived the Merchant Discount Rate on fuel purchase post demonetisation for consumers. But after the expiry of the 50-day window, the banks have decided to levy MDR on petrol pump owners.
The government's contention was that Sahara Airlines Ltd (now JetLite) was promoting the real estate and housing business and area operations of Sahara India Commercial Corporation.
In a bizarre incident, nearly 20 Pakistani cricketers including top names like Saeed Ajmal, Yasir Hameed and Imran Farhat have been left stranded in Uganda over payment dispute with a T20 league orgainser.
British oil firm Cairn Energy Plc on Tuesday said it has identified Indian sovereign assets overseas, which it can seize in the event of New Delhi failing to return over USD 1.7 billion that an international arbitration tribunal has ordered after rescinding a retrospective tax demand.
State-owned Gail India Ltd, which has been given the task to source fuel for restarting the Dabhol power project in Maharasthra, is talking to LNG suppliers in Qatar, Australia, Malaysia, Oman and UAE.
Board of Control for Cricket in India secretary Sanjay Patel has informed that the West Indies Cricket Board has sent "an apology letter" for the sudden cancellation of its India tour by their players after an internal payment dispute.
The development is expected to pave way for greater transfer pricing cooperation between the two countries, enhance investment flow
Reliance Industries may sell one-fourth of the 40 million standard cubic metres per day of natural gas production likely from its gigantic Krishna Godavari field off the Andhra coast to Dabhol Power project in Maharashtra after its revival.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
Six decades and more later, we are now captives of our identities. Every poll is based on elaborate calculations of electability of candidates on the basis of their castes and other narrow definers. That, along with voter promiscuity, is what defines our political culture, which remains stubbornly resistant to any change, asserts Shreekant Sambrani.
Vodafone, according to sources, in its response to the Finance Ministry's offer for conciliation, had expressed keenness to settle the long-pending capital gains tax dispute.
'Over 200 of Australia's most senior cricketers are unemployed as of the 1st of July'
The issue dates back many years when the actor and others proposed bringing Sony TV channel to India.
With investors asking for a change in the board structure at Byju's, the edtech giant's founder and chief executive officer (CEO), Byju Raveendran, is now asking them to put $300 million into the company for more control. The company has rung up $5.8 billion from investors such as General Atlantic, Sofina, the Qatar Investment Authority, Sumeru Ventures, Vitruvian Partners, BlackRock, Chan Zuckerberg Initiative, Sequoia, Silver Lake, Bond Capital, Tencent, and Tiger Global.
The Union Cabinet on Wednesday approved changes to GST laws to levy a 28 per cent tax on the full face value of bets in online gaming, casinos and horse race clubs, sources said. The amendments to the Central GST (CGST) and Integrated GST (IGST) acts, which were approved by the GST Council last week, are likely to be introduced in the ongoing monsoon session of Parliament, which will end on August 11. The GST Council in its 51st meeting on August 2 recommended amendments to the Schedule III of the CGST Act, 2017, to provide clarity on the taxation of supplies in casinos, horse racing and online gaming.
Keep sufficient funds in your bank account until the cheque is cleared.
Experts said the builders will now factor in their losses arising from the removal of input tax credit when they pass on the benefits to end users while the latter may want the entire GST cut to be given to them.
The PCB said they were "disappointed and dismayed" with the behaviour of Faulkner, who also played in the Abu Dhabi leg of the PSL last year.
As part of its efforts to strengthen customer protection, Reserve Bank is considering setting up a fraud registry to create a database of fraudulent websites, phones and various modus operandi used for digital fraud. Such a database will help prevent these fraudsters from repeating the fraud as the websites or phone numbers would be blacklisted, RBI executive director Anil Kumar Sharma said on Monday. "There is no definite timeline for setting up of the fraud registry.
As per the 15-day billing cycle, gas producers are to raise the first invoice at the revised price of $5.61 per million British thermal unit this weekend.
West Indies Cricket Board president Dave Cameron might have sounded defiant after the board meeting last week but it is being reported now that the members have forged an agreement to end the players' pay dispute that led to the West Indies team's abrupt pull-out from the India tour.
The apex court had in January held the man guilty of contempt for his failure to bring back his son to India in terms of a court order.
The Himachal Pradesh government's Excise and Taxation Department inspected an Adani Group company, scrutinising records and checking the stock at the Adani Wilmar warehouse in Parwanoo, officials said on Thursday. The officials were apparently investigating possible GST violations by the company, a 50:50 joint venture between the Adani conglomerate and Singapore-based Wilmar. The inspection on Wednesday evening in the Congress-run state comes at a time when the group finds itself in the middle of a political row at the Centre, triggered by a scathing report by US-based Hindenburg Research.
The two parties have also approached the Delhi high court pleading that two earlier court orders be modified allowing Bakshi to sell his shares in Connaught Plaza Restaurant to McDonald's India.
Prime Minister Modi also made a veiled reference to China, saying the global order is based on the respect for the principles of the UN Charter, peaceful resolution of disputes, and respect for sovereignty and territorial integrity.
News of all that's transpired on and off the football field
Begin by creating a household budget. Involve all family members in the exercise and cut costs wherever possible.
The Finance Ministry is of the opinion that Vodafone might drag its tax dispute to court.
The Delhi woman had claimed that she was kidnapped and raped by five men for two days.
While the declarations under the scheme have to be filed by December 31, 2020, the government had in October extended the deadline for making payment by three months till March 31, 2021, in view of the ongoing Covid-19 pandemic.
While the RBI's guidelines aim to streamline the loan closure process, borrowers must remain proactive.
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