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Voda Idea stares at a tough path ahead; Airtel set to gain: Analysts

Airtel, Voda Idea make part payment; DoT mulls encashing bank guarantees

February 17, 2020 10:42:00 pm

In a related development, the telecom companies started disputing the DoT estimate of the due amount and indicated they will pay as per their 'self-assessment'.

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India won’t get special preference from US anymore; here’s why

February 12, 2020 8:38:24 pm

The move also reflects President Donald Trump’s frustration that large economies like China and India are permitted to receive preferential trade benefits as developing nations at the World Trade Organization.

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AGR dues: SC to hear plea of telcos next week seeking fresh schedule of payment

January 21, 2020 11:34:16 am

In its plea, Vodafone Idea said it was “facing a huge financial stress and is not in a position to make either up front payment of the amounts due or provide any financial bank guarantees to securitise the amounts due”.

Airport vicinity Compensation claims: Supreme Court directs High Court to decide case on March 3

SC dismisses review plea by telecom majors on AGR dues

January 17, 2020 4:49:48 am

Following the judgment, the DoT had written to GAIL and Power Grid, asking them to pay AGR fees of Rs 1.72 lakh crore and Rs 1.25 lakh crore, respectively. GAIL, Power Grid and other companies have denied that they owe any money to the DoT, and said they have paid all dues.

Govt relief to telecom firms angers SC: all dues must be paid, no one will be spared

Trai asks telcos to deposit unclaimed user money in fund

January 17, 2020 1:11:12 am

The income from the fund is utilised for programmes and activities relating to consumer education and protection. As things stand today, any excess charges revealed in the billing audit should be refunded to consumers.

What the numbers show: Adding ELSS to your tax-saving investments is a good idea

January 10, 2020 2:09:41 pm

In 2019, tax-saving mutual fund schemes performed better than crowd favourites like PPF. It’s a good time to consider including them in your portfolio.

‘Relief on AGR to non-telecom PSUs must come only from SC’

December 30, 2019 1:45:36 am

Senior DoT officials say it is unlikely to provide any relief.

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Operation Twist makes India long-tenor debt Asia’s top performer

December 21, 2019 12:13:57 pm

The concept is similar to Operation Twist used by the Fed in 2011-2012 in an effort to cheapen long-term borrowing and spur bank lending. The Fed then swapped short-term Treasury securities for longer-term government debt, which reduced the gap between two- and 10-year yields.

India ranks 73rd in UN index assessing e-commerce readiness

December 4, 2019 4:23:17 pm

The index scores 152 nations on their readiness for online shopping, worth an estimated USD 3.9 trillion globally in 2017, up 22 per cent from the previous year.

Jolt of espresso may cost more as drought wilts Indonesia’s coffee

December 3, 2019 10:37:36 am

The Southeast Asian country is the world’s third-largest producer of the robusta variety used in espressos and instant drinks, and most is grown in the southern part of Sumatra island, the areas that have been hit by drought.

AP Intelligence busts espionage racket in Indian Navy

ED arrests former Bhushan Power & Steel promoter Sanjay Singal

November 23, 2019 1:57:16 am

Earlier, on October 10, the agency had attached the entire plant of the company worth Rs 4,025 crore in Village Thelkoloi in Odisha’s Sambalpur.

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Telcos file review plea in SC on interest fee, penalty waiver

November 23, 2019 1:50:43 am

The telcos, through separate petitions, sought a waiver of interest, penalty, and interest on the penalty.

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Proactive monitoring, traceability of original sender to be in IT rules

November 22, 2019 1:32:44 am

Responding to a calling attention notice in Rajya Sabha last year on the “misuse of social media platforms and spreading of fake news”, the Ministry, in December last, released a draft of its intermediary guidelines amendments.

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DRI challenges quashing of letter rogatories by HC

November 22, 2019 1:17:22 am

So far, the DRI had issued 14 LRs to multiple foreign jurisdictions, such as Singapore, Hong Kong, Switzerland, UAE among others, seeking information in the alleged over-valuation in Indonesian coal imports.

Asia needs $800 billion over the next decade to feed itself

November 21, 2019 10:54:48 am

Most of the investment, or about $550 billion, will fund core needs revolving around sustainability, safety, health and convenience, while the other $250 billion is to provide increased amounts of food for the growing population.

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India, Switzerland for greater cooperation on information exchange in tax matters

November 13, 2019 10:22:49 pm

Both countries expressed their commitment to global tax transparency for tackling offshore tax evasion.

FICCI mourns demise of its former president K K Modi

November 3, 2019 11:44:18 pm

Modi Enterprises Chairman and former president of FICCI Modi (79) breathed last on Saturday.

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HDIL, PMC bosses in police custody till October 14

October 9, 2019 2:02:33 pm

In the FIR, police said the actions of the accused allegedly led to bank losses totaling Rs 4,355.46 crore. The ongoing investigation has found that there were nearly 44 accounts at the bank that were password-protected.

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Corporate tax cut positive but growth faces headwinds: Moody’s

September 21, 2019 2:54:12 pm

Moody's said the cut in corporate tax is credit positive for companies because it will enable them to generate higher post-tax incomes. "However, it is credit negative for the sovereign, as it aggravates mounting risks for the government in meeting its fiscal deficit target."

Investor wealth spikes Rs 2.11 lakh crore after FM announcements

September 20, 2019 6:42:26 pm

From the 30-share Sensex basket, barring NTPC, all other 29 scrips were trading in the green led by Tata Steel, Maruti Suzuki India, HDFC Bank and Yes Bank, which were trading with gains of up to 5.7 per cent.

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Over 6 crore EPFO members to get 8.65% interest for 2018-19: Labour Minister Santosh Gangwar

September 17, 2019 4:59:58 pm

Provident Fund (EPFO) Interest Rate 2018-19: The Central Board of Trustees (CBT) of the EPFO in February recommended hiking the interest rate for its 6-crore active subscribers to 8.65 per cent for 2018-19 from a five-year low of 8.55 per cent.

Oil hits six-week high on hopes of extended OPEC output cuts

September 10, 2019 12:00:15 pm

Executives at the annual Asia Pacific Petroleum Conference said Monday they expect oil prices this year to be pressured by uncertainties surrounding the global economy, the US-China trade war and increasing US supplies.

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GST returns filing date extended till November 30

August 27, 2019 11:08:56 am

GST Annual Return due date Extension: GSTR 9 is an annual return to be filed yearly by taxpayers registered under the Goods and Services Tax (GST). It consists of details regarding the outward and inward supplies made or received under different tax heads.

Income Tax notices now only through centralised system, end to ‘harassment’: Sitharaman

August 23, 2019 6:15:19 pm

Finance Minister Nirmala Sitharaman said in a press conference that a computerised system will be introduced to issue notices and summons.

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I-T attaches Rs 300-crore Delhi bungalow linked to Kamal Nath’s nephew

August 12, 2019 4:58:22 am

The department alleged its probe found that this fund was a benami of Ratul Puri and its shares were held by a Dubai-based operator, who is also an accused in the AgustaWestland VVIP chopper probe case.