Facing black money investigations in India and several other countries, global banking giant HSBC on Monday said it is also being probed in the US for hiring candidates related to government officials in Asia Pacific.
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.
India's oldest stock exchange has created weekly, monthly, quarterly and annual price bands
Rajesh Bhayani highlights all that you need to know about the online currency.
A tax assessment panel found violations such as failure to get their accounts signed by auditors, providing loans to partners without guarantee and interest and hiding income from coaching business, following which it decided to impose a penalty on ICAI, a government official said.
The order follows a complaint filed by Delhi Vyapar Mahasangh which accused the e-commerce firms of anti-competitive practices like preferential listing, exclusive tie-ups and private labels.
With 75 per cent of votes counted, the ND party was leading with 39.6 per cent of total votes heading towards a majority in the 300-member Greek Parliament, while Tsipras' leftist Syriza was behind with 31.6 per cent of total votes, CNN reported.
The new norms also seek to ensure that sufficient safeguards are put in place to avoid any misuse of its new powers and the required privacy of individuals is granted while conducting search and seizure operations.
For the second year in a row, India has been recognised as the fifth-best performing nation in reforming the business environment. However, in the two categories that the government was banking on most - "Paying Taxes" and "Resolving Insolvency" - landmark reforms that were expected to yield better results have had the opposite effect. Under the circumstances should the country celebrate already or are there any reasons for worry, wonders Subhayan Chakraborty.
Another point of contention is the invoice issued by the e-companies.
'I have no problems with the finance ministry or with state governments treating petrol pump prices as the last resort for meeting their ambitious spending targets with very limited revenue resources.' 'But let's do away with this smokescreen of free pricing of petrol and diesel and go back to administered pricing regime,' says Dr Sudhir Bisht.
A fundraising boom in the domestic market and tightening of the regulatory framework for overseas issues are responsible for this trend.
While there's tax arbitrage advantage in ULIPs now, experts say investors should prefer mutual funds for long-term savings.
'Tax dodging through tax havens is one of the ways multinational corporations and the super-rich in India are using to evade taxes.'
The government must, therefore, legislate to automatically allow non-irrigated agricultural land to be used for industrial purposes, subject only to obtaining environmental clearances.
The West Bengal government on Monday introduced two amendment bills in the state Assembly to boost investments in the state.
Commerce ministry suggests easy conditions for availing capital gains tax exemptions
Despite Uber facing a ban across many states, including Karnataka and Maharashtra, for Lingaraju, a driver employed by the company in Bengaluru, it is business as usual.
Vagela could not have reached this position if Narendra Modi, who'd known him from his chief minister days, had not backed the choice.
'The more the news media weakens, especially at this juncture of economic ruin with lay-offs and wage cuts, the more the owners and journalists weigh their value in terms who they are close to, the more they depend on the State to bail them out of trouble, slow-fry their rival, the faster it pushes us towards institutional destruction,' warns Shekhar Gupta.
Tech start-ups will continue to take the lead in bolstering the regional economy, says Murali Talasila.
The Reserve Bank on Thursdaysaid it is keeping a close watch on global banking major HSBC.
2,138 firms deposited unaccounted Rs 5,000 cr in zero-balance accounts during the note ban
