The Ahmedabad bench of the tribunal granted time to Essar Steel till July 22 to file objections to the petitions moved by SBI and Standard Chartered against the company after the Gujarat High Court dismissed its petition
The government has ordered the three companies to pay $3 billion in penalty over a dispute in the PMT oil field that went against the firms
The case was being viewed as a landmark in the process to tackle bad loans under the newly formed NCLT. The verdict today paves way for lenders to intiate bankruptcy proceedings against Essar Steel
As per the study, the move has the potential to bring down the non-performing asset levels and 'significantly improve' the financial health of banks
The year 2015-16 saw a 17 per cent increase in the total internet traffic in India that led to an increase of Rs 7 lakh crore in Gross Domestic Product
The Income Tax Department has identified 5.56 lakh new persons whose tax profiles were found to be inconsistent with the cash deposits made by them during the demonetisation period
Tax authorities have added a fresh provision in the Income Tax Return forms that will require NRIs to furnish details of all offshore accounts
The tribunal has said the meeting of Connaught Plaza Restaurants Ltd (CPRL) of August 6, 2013 in which Bakshi was removed as MD of the company was illegal, unjust and malafide
While Bhushan Steel has a combined liability of Rs 43,000 crore to 20 banks, Bhushan Power owes Rs 37,000 crore to a consortium of banks
Industry lobby Assocham on Wednesday urged the government to lower the Goods and Services Tax (GST) rates for select agricultural inputs, failing which use of chemical fertilisers will get a boost.
Union Communications Minister Manoj Sinha today said that the Department of Telecom (DoT) has announced setting up of ‘Central Equipment Identity Register’
Formal sector workers would be eligible for up to Rs 20 lakh tax-free gratuity once the amendments to the Act are approved
With the GST allowing state governments to levy additional taxes to hedge revenue losses, experts fear more states could toe the line of Maharashtra and Tamil Nadu
Irrespective of how Air India story plays and based on our internal works, we are generally of the view that it makes fundamental economic sense for us to enter the long haul international market, IndiGo co-founder Rakesh Gangwal said
The Reserve Bank of India has limited the liability of customers in cases of loss caused due to fraud and unauthorised transactions - both online and through cards
While gross collections under Corporate Income Tax (CIT) grew at 4.8 per cent, that from Personal Income Tax (PIT), including Securities Transaction Tax (STT), rose by 12.9 per cent
The government had decided to set up a 12-member committee to look into the demands of the film industry
The payment of Rs 552 crore is the second instalment by the Sahara Group as part of the Rs 2,000 crore assurance given to the top court by Subroto Roy on April 27
Clearing doubts on ‘brand name’ and application of Central GST (CGST) on certain goods, the government on Monday said that there is no levy of CGST on supply of certain goods
Decoding why the Tamil Nadu film fraternity believes that the state's decision to levy an additional 30 per cent tax on cinema halls could bring the entire industry to a grinding halt
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