demonetisation, Finance Minister Arun Jaitley, Arun Jaitley, IT Department, demonetisation effect, Yashwant sinha, business news, indian express
October 19, 2017 12:21 am

TAKING A leaf out of the Goods and Services Tax (GST) implementation book, where a troubleshooting window was created to engage with taxpayers, the Income Tax Department has decided to replicate the initiative for direct taxes too, opening a chat window to address taxpayers queries on a real-time basis. The I-T Department’s newly launched “online […]

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October 18, 2017 8:53 am

Nissan conducted uncertified vehicle checks as recently as last week even after revealing the widespread misconduct at its domestic factories, two sources with direct knowledge of the matter said on Wednesday.

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October 18, 2017 2:30 am

In a meeting held last month on hydropower projects, power minister R K Singh stated that ‘partial clearances’ given to companies will be ‘rescinded’ if they do not respond to the Central Electricity Authority’s comments on detailed project reports in 2-3 months.

7th pay commission, national anomaly committee, NAC, basic minimum pay hike, fitment factor, india news, indian express
October 17, 2017 10:08 pm

The Union Government had constituted the committee to look into the pay irregularities arising out of the pay panel's recommendations. 

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October 17, 2017 5:27 pm

DB Realty said that there are no bankruptcy proceedings pending against the company. LIC Housing Finance had filed an application before the NCLT to start insolvency process against DB Realty for recovery of Rs 30.63 crore outstanding loan.

Lakshmi Mittan, Harvard University, donations to Harvard, Harvard curriulum, Harvard syllabus, India News, Indian Express
October 17, 2017 12:43 pm

South Asia has played a dynamic and influential role in the development of our world since the very first civilisations, said 67-year-old Mittal, chairman and CEO of ArcelorMittal, the world's largest steel company.

October 16, 2017 7:05 pm

The study found 84 per cent saying that they think smartphones helped improve the celebrations, while 9 out of 10 said emojis helped them better express their festive spirits

Diwali sales in Gujarat, GST and Diwali sales in Gujarat, Diwali in Gujarat, India news, National news, Latest news, India news, National news
October 14, 2017 10:29 am

The market, in general, is being hopeful and sees potential and recovery, even as jewellers say they have been hit hard due to people’s apparent hesitance to invest in jewelleries and precious metals.

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October 14, 2017 2:31 am

Pawan Hans Ltd's net profit rose nearly six-fold to Rs 248 crore in FY17, from Rs 36 crore in FY16

Fantasy Infraventure, Sebi, Sebi bans Fantasy Infraventure, Securities and Exchange Board of India, business news, indian express news
October 13, 2017 5:16 pm

The Securities and Exchange Board of India (Sebi), the firm and the directors will have to refund the money raised through issuance of RPS, with an annual interest of 15 per cent till the date of actual payment.

Crude oil prices, Multi Commodity Exchange, crude oil prices rise, rise in crude oil prices rise, Business news, World crude oil market, international business news
October 13, 2017 11:38 am

Analysts said speculative positions created by traders as oil prices edged up in Asia on Friday, mainly influenced crude prices at futures trade in New Delhi.

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October 13, 2017 11:17 am

Jaitley said a lot of US companies had made investments in India and now a lot of Indian companies feel comfortable in making investments in America. 

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October 12, 2017 4:51 pm

According to an IDC-Aeris report, the worldwide Internet of Things market spend will grow from USD 625.2 billion in 2015 to USD 1.29 trillion in 2020, with a compounded annual growth rate (CAGR) of 15.6 per cent.

US biotechnology major Monsanto, Mahyco Monsanto Biotech Ltd, Nuziveedu Seeds Ltd, Ajeet Seeds, Kaveri Seed Co Ltd and Ankur Seeds, Sri Rama Agri Genetics, India news, National news, latest news, India Business news
October 12, 2017 4:05 pm

In a letter to the agriculture ministry, Mahyco Monsanto Biotech Ltd said it has "amicably settled" the dispute with three Indian companies --Ajeet Seeds, Kaveri Seed Co Ltd and Ankur Seeds. According to sources, these three companies owed about Rs 300 crore.

GST, Make in India, simplifying GST , GST rates, GST Council, ease of business, GSTR Act, Business news, Indian Express
October 12, 2017 12:47 pm

The Chinese strategy is basically to make the domestic manufacturing industry in large consumer nations uncompetitive. To ensure Chinese hegemony in exports they have an effective two-pronged strategy.

Canadian PM Justin Trudeau, NAFTA trade deal, US and NAFTA, Canada and NAFTA, Mexico and NAFTA, international trade news, International Business news, World Business news, latest news
October 11, 2017 6:32 pm

Prime Minister Justin Trudeau will meet with President Donald Trump and trade-focused US lawmakers on the NAFTA trade deal while hundreds of government officials and lobbyists from Canada, Mexico meet in US for a fourth round of talks.

GST, India tax regime, Goods and service tax, GST on bunker fuel oil, indian express news
October 11, 2017 2:29 pm

India's nationwide GST taxed bunker fuel sales at 18 percent when it was implemented on July 1. The GST replaced state value-added taxes that were typically between zero and 5 percent.

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October 11, 2017 2:11 pm

If the September number matches the poll consensus, inflation would be the highest in six months - yet still below the Reserve Bank of India's mid-term target of 4 percent.

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October 11, 2017 1:51 am

The state had imposed new rules under the City Taxi Rules 2017. The petitioners’ complaint is that the new rules do not allow app-based cabs to ply on national tourist permits.

Directorate of Revenue Intelligence, DRI, Kolkata Customs Commissionerate, Kolkata Customs authorities, DRI cases on Kolkata Customs, import racket, shell company kolkata, import export code, indian express , business news
October 11, 2017 1:22 am

The total 403 cases pending for adjudication involve revenue of over Rs 782 crore and have seizure value of Rs 5,437 crore.

Reliance Infra, Adani transmission, reliance, mukesh ambani, business news, indian express news
October 10, 2017 3:18 pm

The proposed transaction is subject to confirmatory diligence, definitive documentation and customary approvals. "Accordingly, there can be no certainty that a transaction will result. Further announcements will be made at an appropriate stage," Reliance Infra added.

Apple, Apple Manufacturing Unit, Apple Manufacturing Unit India, Apple Mfg. Unit, Apple Phone, Alphons Kannanthanam, Business News, Latest Business News, Indian Express, Indian Express News
October 10, 2017 2:23 pm

The company had sought concessions, including duty exemption on manufacturing and repair units, components, capital equipment and consumables for smartphone manufacturing and service/repair for a period of 15 years

Oil Prices, Fuel prices, Commodities, OPEC, Oil production, Business news, Indian Express
October 10, 2017 11:07 am

Saudi Aramco, he said, is "determined to reflect our expanding and diversifying business portfolio by creating a fully integrated business here in India."

Car sales in India, Car sales in India news, growth in car sales in India, India car sales growth, auto inudustry in India, India auto Industry, India business news, National news, India news, national news
October 10, 2017 2:02 am

Two-wheeler sales in September grew 9.05 per cent to 20,41,024 units compared with 18,71,621 in the year-ago month. Motorcycle sales were up 6.98 per cent to 12,69,612 units against 11,86,759 units in September 2016.

CSR norms, action against companies failing to comply with CSR norms, P P Chaudhary, Corporate Social Responsibility activities, indian express news
October 8, 2017 4:55 pm

Under the Act, certain class of profitable entities are required to shell out at least 2 per cent of their three-year annual average net profit towards Corporate Social Responsibility (CSR) activities.

Union Commerce Minister Suresh Prabhu, Industrial units in hills , budgetary support of Industrial units in Hills, business news, India news, national news, Latest news
October 7, 2017 9:42 pm

"A new scheme of budgetary support under GST regime to the units located in states of Jammu and Kashmir, Uttarakhand, Himachal Pradesh, North East states approved," said Union Commerce Minister Suresh Prabhu.

GST, GST on textiles, GST for MMF yarn, Southern India Mills Association,Input Tax Credit, indian express news
October 7, 2017 7:20 pm

SIMA chairman P Nataraj said that the man-made fibres (MMF) and yarns were slotted under 18 per cent GST rate while the fabrics under five per cent with a condition that no refund of Input Tax Credit would be allowed at fabric stage.

Indian Jewelers, Jewel trade and PMLA, PMLA and Jewellry trade, Prevention of Money Laundering Act, All India Gems and Jeweller Trade Federation, India news, national news
October 7, 2017 6:21 pm

Under the PMLA, every reporting entity is required to maintain record of all transactions of value exceeding Rs 10 lakh, all cross border wire transfers of more than Rs 5 lakh and all purchase and sale of immovable property of Rs 50 lakh or more.

International Advertising Association, IIA Awards, IIA Leadership awards, Suresh Prabhu, Mukesh Ambani, India news, Indian Express
October 7, 2017 10:22 am

The International Advertising Association (IIA) India Chapter's Leadership Awards recognises excellence and leadership of individuals and teams in the marketing, advertising and media sectors.

Vijay Mallya, Kingfisher airlines, Mallya arrest, vijay mallya bail, Kingfisher Airlines, Business news, Indian Express
October 8, 2017 10:15 am

Kingfisher owes over Rs 9000 crore to at least 17 lenders including SBI, IDBI Bank, Punjab National Bank, Bank of India, Bank of Baroda and United Bank of India.

Enforcement Directorate, ED, Himachal Pradesh CM Virbhadra Singh, Virbhadra Singh, India News, Indian Express, Indian Express News
October 7, 2017 2:20 am

In December 2016, ED claimed to have busted a money laundering racket, which helped exchange demonetised currency amounting to Rs 39 crore for gold, through banking channels and a maze of shell companies that had daily wagers as directors.

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October 7, 2017 2:17 am

The companies may move the appellate tribunal against the order next week

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October 7, 2017 2:14 am

A source close to the development told that some companies had more than 100 accounts and they deposited and withdrew money during demonetisation till they were struck off.

October 7, 2017 2:10 am

Pact with ISA to support clean energy project with €800 mn

October 7, 2017 1:56 am

Govt-run banks may be reduced to 10-15 from 22: Principal economic adviser

Sebi, Sebi bans Imtiyazhusain Saiyed Mohamed Saiyed, Imtiyazhusain Saiyed Mohamed Saiyed, Sebi Act, business news, indian express news
October 7, 2017 1:43 am

According to Sebi, during the period from April 2007 to November 2009, the individual had entered into agreements with investors and collected funds from them and invested the amounts in the securities market on their behalf.