Business
Tax Dispute Scheme Gets Tepid Response, Garners Rs 1,200 cr
The government's ambitious tax dispute resolution scheme has ended with a whimper with just Rs 1,200 crore being collected and none of the high-profile retrospective tax cases involving firms like Vodafone and Cairn Energy opting to settle.
Credit Suisse Under Fire as Clients Hunted for Tax Evasion
Swiss bank Credit Suisse has been dragged into yet more tax evasion and money laundering investigations, after a tip-off to Dutch prosecutors about tens of thousands of suspect accounts triggered raids in five countries.
No Special Treatment for Vodafone, Idea, Says Manoj Sinha
The government on Thursday said there will be no special treatment for Vodafone India and Idea Cellular which have decided to merge and the companies will have to comply with existing norms on spectrum, subscriber and revenue caps.
Sensex Rises 63 Points on GST, F&O Expiry
Continuing its rising streak, the benchmark BSE Sensex rose over 63 points to 29,594.84 in early trade on Thursday after the Lok Sabha approved four legislations to give shape to the historic GST amid short-covering in view of March series expiry.
Sensex Open on a Higher Note
The 30-scrip Sensitive Index (Sensex) opened on a higher note during the morning session of the trade on Wednesday.
NBFCs' NPAs to Linger on For 1-2 Quarters More On Note-Ban: Moody's
NBFCs, growing at a faster pace, have been gaining market share in the origination of retail credit.
Jet Airways Signs Codeshare Agreement With Jetstar Asia
Private carrier Jet Airways on Monday announced its codeshare agreement with Singapore-based low- fares airline Jetstar Asia for flights from the city-state.
US Tells India no Significant Change in H-1B Visa Regime
The United States has conveyed to India that there is no significant change in the H1B visa regime, Commerce Minister Nirmala Sitharaman said on Monday.
Bulls Ride on Election Outcome, Nifty Closes Above 9,100-Mark
Riding on the outcome of the just-concluded assembly elections, key Indian equity indices zoomed to new 52-week highs and crossed their psychologically significant levels.
How Much Does Each New Rs 500 and Rs 2,000 Note Cost? Govt Reveals in RS
The government on Wednesday said it costs between Rs 2.87 and Rs 3.77 to print each currency note of Rs 500 and Rs 2000, but did not indicate the total cost involved in replacing the junk notes.
Hard Cash Being Disclosed Must Exist on Payment Date: I-T Dept
Weeks before the new tax amnesty scheme closes, the government has clarified that any hard cash being disclosed must exist at the time of making payments, but the same condition is not necessary for undisclosed income held in the form of deposits.
Rupee Zooms 42 Paise on BJP Win, Positive IIP Numbers
The rupee soared 42 paise to 66.18 against the dollar early on Tuesday on increased selling of the US currency by exporters and banks amid higher foreign inflows following BJP's resounding win in UP and positive IIP numbers.
Market Ends in the Green, But Caution Rules on Eve of Election Results
Exit polls out of the way, the market on Friday decided to buy time and wait for the final judgement on Saturday, with the Sensex staying decidedly cautious by consolidating its gains.
BSNL, MTNL Merger Plan Back on Discussion Table
According to a highly-placed source in the Department of Telecom, a top-level meeting recently discussed possibility of merging both the entities that are facing financial stress due to increasing competition in the sector.
Sensex Treads With Care, Slips Ahead of Exit Poll Numbers
The stocks were a picture of contrast on Tuesday as the Sensex developed cold feet ahead of the key exit poll findings, coming off its 2-year high and slipping marginally below the 29,000-mark.
Economy to Grow 7.1% in FY17, Dec Quarter GDP Surprising: Fitch
Global rating agency Fitch on Tuesday said Indian economy will grow by 7.1 per cent in the current fiscal before stepping up to 7.7 per cent in the next two financial years.
