Finance Minister Nirmala Sitharaman has reserved words of praise for the Income Tax department, complementing officers for being responsive to the needs of the taxpayers during the pandemic times by relaxing various compliance requirements and addressing the liquidity concerns of the taxpayers.
Mobile operators Bharti Airtel and Vodafone Idea lost 5.26 million and 4.51 million subscribers respectively in April, while Reliance Jio added 1.57 million users during the same period, according to latest Trai data.
An investigation into the circumstances that led to the alleged suicide of VG Siddhartha, the owner of the Coffee Day group, has revealed that Rs 3,535 crore siphoned off from the company by the entrepreneur's personal firms.
Appreciating its continuous efforts towards making the tax administration taxpayer-friendly, transparent and geared towards facilitating voluntary compliance, she said there has been a paradigm shift in its role in recent years, from being just a revenue collecting organisation to becoming a more citizen-centric establishment.
The Indian economy will start recovering completely by the fourth quarter of the current fiscal and could grow by 6 per cent in the next financial year as green shoots are visible in many sectors where business is back to pre-COVID levels, Niti Aayog Vice Chairman Rajiv Kumar said on Friday.
Reliance Industries has overtaken ExxonMobil to become the world's second most valuable energy company after its market capitalisation scaled to a record high of over Rs 14 lakh crore.
The company hopes that the easy accessibility and affordable price point of an effective treatment such as Favivent will offer Indian citizens a timely, much-needed therapeutic solution.
The RBI had earlier said the country's GDP will contract in FY21, but did not give any number on the same, even as analysts are pegging a negative growth of up to 9.5 per cent.
Budget carrier GoAir has launched a scheme, 'GoFlyPrivate', for enabling passengers to book multiple rows using a single PNR. The airlines said the facility costs "a fraction of a full-fledged private charter flight."
In the previous trade, it had closed at Rs 51,471 per 10 gram. Silver, however, declined by Rs 109 to Rs 62,262 per kg, from Rs 62,371 per kg on Thursday.
Gems and Jewellery Export Promotion Council (GJEPC) officials said with China imposing the national secuirty law on Hong Kong, the USA has given indication of raising duty on goods from there to 7.5 per cent from 3.3 per cent.
Tata Group chairman emeritus Ratan Tata said retrenchment of employees by Indian companies in these COVID-19 unprecedented times is not the solution, emphasising that it was a knee-jerk reaction.
The Sensex and Nifty ended marginally lower after a highly volatile session on Friday as a global equity selloff outweighed stock-specific gains on the indices.
Adar Poonawalla, CEO, Serum Institute of India (SII) said as per the arrangement with AstraZeneca, SII will be making one billion doses of Covishield vaccine over the next one year for India and other low-and-middle-income countries (GAVI countries).
Neuberg, India's fourth largestpathology player, had earlier received approvals for COVID testing in Ahmedabad, Bengaluru, Chennai and Pune, it said in a press release.
Bank employees' unions and the Indian Banks' Association (IBA) have reached an agreement for a 15 per cent annual hike in wages. The two parties also agreed for the introduction of Performance Linked Incentive (PLI). What you need to know.
Snapdeal currently has a large proportion of buyers from non-metro cities. It has been a big positive factor for Snapdeal because e-commerce has played an even more crucial role in smaller cities given the constraints in the offline supply chains.
Reliance Industries’ market valuation crossed Rs 14 lakh crore-mark on Friday as its stock rallied over 4 per cent to scale its fresh peak.
Samsung has gained big times amid anti-China sentiment over border row with India making it the second-largest smartphone brand in the country due to fluctuations in the supply for some major Chinese brands.
In what comes as a major boost to the Make In India campaign, one of the world’s largest companies — Apple — has begun production of its flagship iPhone 11 in India. As per latest reports, iPhone 11 will be produced in Foxconn plant near Chennai.
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