CBDT circular issued last month had raised multiple taxation concerns.
Preliminary investigations conducted by capital markets regulator Securities and Exchange Board of India and inputs from other regulators and government departments suggest that some brokers were offering structured financial products to their HNI clients under some portfolio investments schemes for high returns of 10-20 per cent.
Indian firms caught napping as private details of individuals were leaked
Mumbai Indians head coach Ricky Ponting believes his team must start with a fresh mindset and ignore the tag of 'reigning champions' ahead of the first game of the Indian Premier League 2016. Mumbai play the IPL 9 opener against state-rivals Rising Pune Giants at the Wankhede Stadium on April 9. "It doesn't really matter what happened last year now, it's about us putting together a competitive team and making sure were ready to go for the first game," Ponting told cricket.com.au from the Mumbai Indians training camp. "We thought they were ready to go for the first game last year but it took a little while for us to click into gear." Last year Mumbai only managed one win from the first six games before dramatically turning around their fortunes to clinch the title. But this time around Ponting is keen for the team to get off to a better start, and well aware that aim will be made all the more difficult given other teams will be analysing his squad more closely as defending champions.
With the rupee crossing Rs 72/dollar in recent times, things suddenly don't look too good on several counts.
Bringing in people with large corporate experience also helps in bringing in world class processes in quality and compliance
SBI leads a 17-member consortium of lenders that is trying to recover dues running into over Rs 7,500 crore (Rs 75 billion) in principal alone from Kingfisher Airlines.
Collins Learning publisher Elaine Higgleton's advice to students in India is to read, read and read.
'The rate of interest from the EPF is still attractive compared to the rates on fixed deposits, National Savings Scheme, Public Provident Fund...'
Truth be acknowledged, Rajinikanth is not known for wanting to leave his comfort zone to take the politico-electoral plunge, even if it meant his becoming the chief minister of a state that has conferred Tamil cinema's superstardom on him over the past 25 years. Today, his fans belong to the younger generation all right, but their numbers are far fewer than their counterparts in the '90s. They are not devoid of personal ambitions and agendas, unlike what Rajinikanh wants them to be, if he and they were to enter politics, says N Sathiya Moorthy.
De Matos was appointed head coach in March this year and in a short span of time, he has tried to build a team ready to fight the best.
'We decided that we would fire our rockets and dive into the valley and get away, making it difficult for the missiles to be fired.'
Sharma would be 60 in November 2018, and would have completed 10 years as Axis Bank's CEO the following year in June.
Sharks, mating frogs, seals playing with photographers... these are the amazing photos which offer an enchanting breadth of what's beyond the shoreline. Underwater Photographer of the Year has just announced the winners of its 2019 photo contest and photographer Richard Barnden, from the UK, was named Underwater Photographer of the Year 2019. Prizes and commendations were handed out in categories including Wide Angle, Macro, Wrecks, Behaviour, Portrait, Black and White, Compact, Up and Coming, and in British waters, Wide Angle, Living Together, Compact, and Macro Shots.
The Indian men's archery team will have one last chance to book a Rio Olympics berth when the qualification round is held on the sidelines of the World Cup.
They came from different parts of this vast country to give us some of the proudest moments of this Republic Day. Archana Masih speaks to Lieutenant Haobam Bella Devi and Captain Divya Ajith, young Army officers who stole the show on Rajpath.
The New York Film Festival served an amazing plate of films. Aseem Chhabra picks the best ones.
Some workers in India were also make to work on Sundays and national holidays "in sweltering heat, without adequate supply of clean drinking water or any breaks".
'Even before the series started, we all knew that there was going to be some experiments from us going ahead over the next 18 months. It has been a great learning.'
The Vedica Scholars Programme for Women has helped many girls move up the ladder with a business education and liberal arts and find what they really want or are suited to do.
"If it is said Indians are argumentative, I will agree. But if it is said Indians are intolerant, I refuse to agree," said the president at the inaugural ceremony of the 'Namami Brahmaputra' festival in Guwahati.
The Table Tennis Federation of India (TTFI) has decided against hiring a foreign coach for the Rio Olympics, a move that will adversely affect the players preparation, especially the women's team, for the Summer Games in August next year.
The behaviour of the foreign institutional investors is gauged from the numbers put out by the exchanges and regulators.
Enjoying the backing of the regulator, Gill has identified the core problems, ring-fenced the banks from "influencers" and is in the process of building a new team. Now, he needs to play a Vikram Pandit for YES Bank, says Tamal Bandyopadhyay.
'Today's kids are so tech savvy, which is good and fun, but they should also take time to service their body, move your muscles...'
Trouble at a single bank among the top five most connected lenders could wipe out nearly 50% of Tier I capital
Under the red alert, which is the highest in the four-tier emergency response system created in 2013, all schools have been ordered to be closed, and outdoor construction halted.
Many argue there's a mismatch between Prime Minister Narendra Modi's focus on international exposure and his government's diktat to officials on limiting travel.
Three-four big gem and jewellery firms are showing financial weaknesses and might find it tough to withstand shocks
A summary of sports events and sports persons, who made news on Wednesday
Having missed out in the first season of the ISL, young Brendon Fernandes tells Laxmi Negi/Rediff.com he is determined to prove his worth with MumbaI City FC in Season-2.
Shriya Rangarajan has come a long way from the comforts of the western world.
Unlike in the past, when old private banks compromised upon underwriting standards to take on the bulk, they've now realised that scaling up at the cost of quality isn't worth the while. These banks have also readjusted growth targets when required, and rebalanced books to preserve capital and asset quality.
'There are different kinds of risk.' 'It is a very powerful value. Your ability to de-risk the risk is also as important for risk taking.'
Sinha says many fund houses not abiding by rules on minimum number of investors, awareness funds
About 120 start-ups, mostly e-commerce ones, have signed up on Hirees platform to recruit candidates who are actively seeking jobs.
'Both India and Japan can find themselves in a win-win situation if they draw some lessons from each other's strengths,' says Dr Rajaram Panda.
'Given the past record, no one will be prosecuted, especially since the beneficiaries comprise the most powerful people in the country. They will pay a fine and be let off.'
Turambekar's story is inspiring, to say the least. Read on as she recounts her remarkable journey in conversation with Rediff.com's Laxmi Negi.
The bench said it was only the woman who can decide about her religious identity by exercising her right to choice.
