The Income Tax department has informed the Delhi High Court that Nokia India and Nokia Corporation owe it Rs 21,153 crore (Rs 211.53 billion) as total tax liability (existing and anticipated), including penalty during a seven-year period from 2006-2013.
Three Indian Air Force officers captured as Prisoners of War by Pakistan during the '71 War made a daring escape from a Rawalpindi jail. M P Anil Kumar recounts that heroic story.
On the last day of FY!5, the Sensex ended lower by 18.37 points at 27,957.49.
Bharti Airtel, HDFC, ONGC, ITC and CIL emerged as the top gainers.
'Cultural property crimes have been linked, by the United Nations and others, to terrorism.' 'These links show the perpetrators to be associated with major criminal and terrorist networks like ISIS.
Congress charged the entire BJP and the government with "aiding and abetting" Lalit Modi, a fugitive.
The developments in Af-Pak region, particularly the fall out of Pak political paralysis, would make President Xi Jinping's task a little more complicated, says Colonel R Hariharan.
Launches of new homes reduced drastically this year.
Full capital convertibility means a foreign investor can repatriate his money into his own local currency at will.
'India should stop claiming that a united Pakistan is in India's interests.' 'Pakistan's break-up is a necessity for peace and progress in the region,' says Major General Mrinal Suman (retd).
The government has relaxed the norms for allowing foreign direct investment (FDI) in the construction development sector. It is expected the move will boost affordable housing projects and smart cities across the country.
Govt keen to revive business sentiment in india.
In a relief to Sahara, a US court has rejected a plea seeking to attach the Indian group's prized Plaza and Dream Downtown hotels.
Around 40% of India Inc feels that Modi govt's biggest weakness in the last 6 months has been its slow pace of economic reforms.
The Swiss National Bank, the country's central banking authority, has estimated the funds currently held by Indians in Swiss banks at a mere $1.98 billion. Fear of disclosure due to greater scrutiny of this illicit wealth has played the main role in the flight of capital.
'The boy has remained so simple. Still wearing that sweater and light pants. He doesn't even have a decent pair of shoes! So much like one of us! How can we not give him another chance?' 'And what is Modi Sir doing? He changes clothes three times a day and wears designer clothes. He isn't the son of a simple chaiwallah we voted for.'
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Amidst outrage expressed by members in Parliament, India on Wednesday asserted that it will intervene "effectively and specifically" to ensure the return and restoration of dignity of its Deputy Consul General in New York who has been arrested on charges of visa rules violation.
While information technology companies will benefit, firms with high foreign borrowings or heavy dependence on imports will be hurt.
There have been two changes announced so far as MF taxation is concerned.
'it looks like India wants to follow Pakistan on the slippery slope of stupidity masquerading as religion.'
As Myanmar refuses to accept that the boat-loads of refugees abandoned at mid-sea are its people, claiming instead that they are from Bangladesh, the plight of the Rohingyas has worsened, reports Prakash Bhandari from Dhaka.
Promoter entity RRPR - owned by Prannoy and Radhika Roy - says allegations baseless; replies to queries by Sebi.
The visit of Park Geun-Hye to India, though a symbolic one, will certainly give a further impetus to the strategic partnership between the two countries says Rup Narayan Das.
Investors must remember that only resident Indians can open a PPF account and a person can have only one PPF account.
Optimism about a stable govt at the Centre, a demand revival and falling oil prices buoyed the markets.
As India gears up to honour its pravasis on January 9 to mark their contribution in the nation's development, rediff.com presents perspectives from eminent writers on the Diaspora. Kicking off the series is Ambassador T P Sreenivasan, who points out that the change of the Diaspora policy put in place by Rajiv Gandhi following the military coup in Fiji and his decision to stand by them, was the one defining moment in India's dealings with its overseas family.
In commercial real estate, leasing of office space was higher although the activities were subdued in retail segment.
Winners of the Stree Shakti Puruskars share their stories on how they are empowering women. Upasna Pandey/Rediff.com reports
Economist Arvind Panagariya tells Suman Guha Mozumder that the rupee is doing a much-needed clean-up job, raising exports and cutting imports.
Concluding the three-part series, Paranjoy Guha Thakurta says that the black money law is likely to fail because of the ineptness of India's investigative and enforcement agencies.
Men and women from mofussil India are buying designerwear either on their laptops or their cellphones.
Three Indian Air Force officers held as Prisoners of War in a jail in Rawalipindi made a heroic escape. They reached as far as the Pak-Afghan border in Pakistan's Wild West -- within sniffing distance of freedom -- only to realise that they had finally met their match. Or so it seemed. The three escapees were never feted for their audacious attempt 41 years and truly deserve official recognition. Why not honour them at least now, says MP Anil Kumar.
Compared to their Indian peers, MNCs have higher return ratios.
'It was only relatively recently that Subhash Kapoor was able to secure the sources in India, Afghanistan and Cambodia, that allowed him to get the really highest level objects, and that helped propel him in recent years up the ranks.'
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