New Delhi: Politeness is the new mantra for the Income Tax department which has asked its officials to be more courteous while approaching taxpayers with queries regarding their financial transactions or returns. The I-T department
Mumbai: The Reserve Bank has cancelled the licenses of six Delhi-based non banking financial companies following which they would not be able to conduct business. “The Reserve Bank of India has cancelled the certificate of registration
New Delhi: Fund raising by the issuance of shares to promoters and shareholders on preferential basis has plunged by 58 per cent to Rs. 11,573 crore in the April-June quarter of the 2014-15 financial year. In
New Delhi: Gearing up to meet the Rs 43,000 crore disinvestment target, the Finance Ministry has decided to go in for Offer For Sale (OFS) route to sell its stake in the state-owned companies starting
New Delhi: A Committee of Secretaries (CoS) has approved a rejig of natural gas allocation policy, giving city gas distribution firms like Indraprastha Gas Ltd top priority for allocation of domestically produced fuel.The CoS approved
Mumbai: Australia has granted approval to the Adani Group-controlled Adani Mining Pty Ltd's $15.5 billion Carmichael coal and rail project in Queensland. The approval was announced by Australian environment minister Greg Hunt, who said he
New Delhi: In what could be India's biggest deal in the infrastructure sector other than telecom, Reliance Power Ltd (R-Power), controlled by Anil Ambani's Reliance Group, has signed an initial agreement to acquire all three
New Delhi: Air India has ended the contracts of almost 30 pilots, including expatriates, over the past six months, a move that would help the cash-starved national carrier make some savings.Fifteen of these pilots are
New Delhi: Betting big on the government's reforms agenda, overseas investors have poured in more than $5 billion in the Indian market so far this month taking the total inflow to over $25 billion since
New Delhi: The commerce and industry ministry is planning a media blitz — print, electronic and social — to hard sell India as an attractive investment destination."The objective of the campaign is to generate awareness
Chennai: Public sector Indian Overseas Bank (IOB) has reported over two-fold jump in net profit for the first quarter ended June 30, 2014 at Rs 271.72 crore.The city-based bank had reported net profits of Rs
New Delhi: To protect the public from fraudulent money-pooling activities, SEBI has stepped up action against entities raising funds illegally, even as it awaits Parliamentary nod for greater powers to check such frauds.So far in
New Delhi: Aiming to spruce up growth, Prime Minister Narendra Modi met the secretaries of nine infrastructure ministries to set targets for 2014-15 and identify key projects in sectors like road, power and railways.According to
New Delhi: Delhi Government has collected record revenue of Rs 306.75 crore as Luxury Tax during 2013-2014, a growth of 4.5 per cent as compared to 2012-2013. “During the last financial year, Excise Department collected
New Delhi: Asserting that the new dispensation is not a high-tax government, Finance Minister Arun Jaitley said today that lower taxes and duties were aimed at improving savings for investment and making manufacturing competitive to
Mumbai: Sebi today barred ICore E Services from raising money by issuing securities and also restricted the firm and its directors from the capital market till further directions. The Securities and Exchange Board of India
New Delhi: Green shoots of recovery in business sentiments as well as economic activity in India are visible in select pockets, and the NSE index Nifty will scale the 8,000 mark by year end, an
New Delhi: The government today announced some concessions for mutual fund industry and income tax payers, while comitting to low tax regime to promote industrial activity to generate jobs and create more resources to undertake
New Delhi: Finance Minister Arun Jaitley on Friday said that the government is committed to bring back black money stashed abroad.Reiterating the NDA government's resolve to bring back black money, he said, "Country will not
Mumbai: Private sector insurers welcomed the government move to increase foreign holdings to 49 per cent from the existing 26 per cent saying the move will benefit companies and customers and would help bring in
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