Business News

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The income tax department plans to enhance monetary fines against taxpayers who do not comply with its orders with rigorous imprisonment up to a year and a monetary fine. (PTI)

Frivolous tax demands to hurt ratings of I-T officers

The move is likely to cheer businesses, many of which had been confronted with huge tax demands in the recent past, especially in the case of cross-border transactions.

corporate fraud, Serious Fraud Investigation Office, SFIO, Fraud Investigation Officerecord, stock market, insider trading, stock market inside trading, inside trading scams, indian express, express news, business news

Since inception, 6 probes by SFIO led to convictions

Agency took 542 days, on an average, to complete investigations for each of the 162 cases probed by it.

Honda, Honda Motor, Japan Honda, Honda Motor Company, Honda cars, car market India, indian express, business news

Honda to expand presence in India’s small car segment with Jazz

At present, three out of four cars sold by Honda in India come from Amaze and City. The firm has a lone runner, Brio, in the hatchback segment.

gold, gold loan, gold price, gold monetisation scheme, Gold Deposit Scheme, wealth tax, income tax, indian express, business news

Gold Monetisation Scheme: A 24-carat question, Interest Rates

Experts say that rates have to be attractive enough for citizens and institutions to take interest in the scheme.

IATA represents 240 airlines around the world that account for 84 per cent of total air traffic.

Airlines again under CCI lens, face cartelisation probe

The competition regulator is most likely to look into the case as a sector-wide issue and not as one specific to individual airlines.

FDI_m

For capital inflow: Govt eases FDI norms for NRIs, PIOs, OCI

The government wants to channelise the funds of NRIs, who now have set up large businesses abroad, by treating non-repatriable investments by NRIs as domestic investment.

debt-small

Debt bailout: Packages of more than 40 cos worth Rs27K cr fail in FY15

Only 5 firms with debts of Rs1,399 crore managed to exit corporate debt restructuring successfully.

Tata Steel posts net loss of Rs5,674

The company has recognised a non-cash write-down of goodwill and assets in the consolidated financial results at Rs 4,951 crore.

Infosys NR Narayana Murthy, NR Narayana Murthy, India poverty, India poverty issue, Infosys, Murty, agricultural workers, Indian farmers, business news

Murthy: Involve rural population in low-tech manufacturing

He pointed that the per capita GDP of an agricultural worker is about $375 dollar a year or $1 a day.

export, export data, rice, marine products, meat, dairy and poultry products, leather and products along with gems and jewellery, electronics, plastic goods, business news

Export strategies: 14 states select products, send plans to Centre

Official sources told The Indian Express that some of the states have also prepared the blueprint for infrastructure projects which need to be ramped up for boosting exports.

infosys feima

Infosys to restructure sales force, eyeing $20 bn revenue target

Infosys has identified around 100 senior consulting partners who have been made co-leads along with account leaders from the sales organisation responsible for growing top 200 accounts.

ecommerce

E-commerce firms up in arms over bilateral pacts to liberalise sector

Currently, India allows 100 per cent FDI in B2B e-commerce activities (as in wholesale trade), but foreign investment is not allowed in such firms.

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CCI finds DLF guilty of ‘unfair and abusive’ biz in Gurgaon

The buyers were also told that the only option available with them was to sell the property in open market, as per the Competition Commission of India order.

air-india-thumb

Air India flight delay, thanks to rest-deprived crew

As per DGCA norms, airlines need to rest flight crew for 22 hours for long-haul international flights. For flights less than six hours, rest period should equal twice the flight duration.

BULK

Modi’s visit may pave way for agro exports to China

Agreement facilitating recognition of India’s plant protection measures by China on the cards.