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Updated: 52 min 35 sec ago

India Inc pay gap: CEOs earn up to 1,200-times of average staff

1 hour 37 min ago
An analysis of remuneration disclosures made by top listed companies forming part of the blue-chip index Sensex -under directions of the capital markets regulator Sebi -shows that the pay packages of senior-most personnel such as CEOs and executive chairmen continue to remain high and rose further at most private sector firms during 2016-17.
Categories: India News

India-Africa trade may touch USD 117 billion by 2020-21: Report

1 hour 51 min ago
Indian exports to the African continent are expected to grow to USD 70 billion by 2021-22 from USD 24 billion in 2015 -16 due to rising complementaries, the PHD Chamber of Commerce and Industry said in the report.
Categories: India News

RIL pays 6% more to buy own gas

2 hours 37 min ago
RIL had in May become the first buyer of gas it produced from its own coal-bed methane (CBM) block after agreeing to pay the highest price for the fuel.
Categories: India News

Tata Housing to invest up to Rs 800 crore for expansion in FY18

2 hours 45 min ago
Banerjee said the company wants to expand its portfolio substantially and is looking at three routes -- joint venture, joint development and outright buyout of assets.
Categories: India News

Blackberry's to open 70 stores in FY18; eyes Rs 900 crore turnover

2 hours 52 min ago
 Menswear brand Blackberrys is eyeing 25 percent growth in turnover at Rs 900 crore this fiscal on the back of retail and portfolio expansion.
Categories: India News

Mercedes calls for lower taxes on luxury cars in India

3 hours 2 min ago
Under the GST regime, large cars with engine capacity greater than 1,500 cc and SUVs with length more than 4 metres and engine greater than 1,500 cc attract cess of 15 percent in addition to the top tax rate of 28 percent.
Categories: India News

Launching Rs 200 note will fill missing middle: SBI Report

3 hours 10 min ago
The report noted that though there has been a significant move towards relocating distribution of currency towards smaller denominations post demonetisation, there is a mismatch caused by the presence of Rs 2,000 denomination straight after Rs 500 denomination.
Categories: India News

Don't curry political favours for transfers: CBDT to taxmen

3 hours 42 min ago
The CBDT recently had issued transfer and posting orders for over 300 Indian Revenue Service (IRS) officers in the rank of Principal Commissioner and Commissioner of the I-T department.
Categories: India News

Wipro has invested heavily in data: CEO Neemuchwala

3 hours 49 min ago
Neemuchwala also said the company has invested in some very specific IPs which are internal company IPs, and also bagged a very significant deal with a customer couple of quarters back.
Categories: India News

Canara Bank-led consortium seeks buyer for Maha power plant

4 hours 1 min ago
A Canara Bank-led consortium of lenders is scouting for a buyer for a 270 MW power plant in Maharashtra which came under corporate debt restructuring (CDR) plan.
Categories: India News

Mega Cabs to invest Rs 500 crore in 3 years, expand to 20 cities

4 hours 7 min ago
Criticising his rivals, he said: "Ola and Uber come with a mandate and a backing of sheer money power and it challenges the basic fundamentals of business, that you must lose on every trip to make yourself so large and then recover money."
Categories: India News

RBI to lease currency verification systems to weed out fakes

4 hours 9 min ago
As per the tender document, the currency notes of all denominations received at regional office of the RBI would have to be processed at a minimum speed of 30 notes per second.
Categories: India News

Russia keen to sell MiG-35 to IAF: official

4 hours 25 min ago
The MiG-35 is Russia's most advanced 4++ generation multipurpose fighter jet developed on the basis of the serial-produced MiG-29K/KUB and MiG-29M/M2 combat aircraft.
Categories: India News

FPIs pour $2.4 bn in July; total inflow reaches $25 billion this year

4 hours 40 min ago
The latest inflow follows net infusion of Rs 1.6 lakh crore in the previous five months (February-June) on several factors. In January, they had pulled out over Rs 3,496 crore.
Categories: India News

Bajaj plans to add Thailand to its export market list

4 hours 40 min ago
Commenting on the domestic sales, he said the market would continue to see "turbulence" in August with GST implementation going on and the market would only stabilise in September.
Categories: India News

Undue profit of over Rs 1cr to come under GST authority's lens

4 hours 51 min ago
As per the three tier structure -- the GST Implementation Committee (GIC) will receive complaints and those which are state specific and involving smaller amounts will be transferred to the state screening committee.
Categories: India News

CBEC officials unhappy with Bengal's e-way bill

5 hours 11 min ago
The e-way bill system is creating problems to the trade for being a process working in isolation, he said.
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We'll definitely prune the portfolio: Tata Sons Chairman

5 hours 17 min ago
The magazine noted that Chandrasekaran, 54, is not ruling out selling off underperforming companies.
Categories: India News

Undisclosed income of Rs 71,941 crore found in 3 years: Government to Supreme Court

5 hours 29 min ago
During the period of demonetisation from November 9 last year to January 10 this year, "The total undisclosed income admitted was more than Rs 5,400 crore" and the total quantity of gold seized stood at 303.367 kgs, the Finance Ministry has said in an affidavit to the apex court.
Categories: India News

Deadline for filing Composition levy extended to Aug 16

Sat, 07/22/2017 - 10:59am
Similarly, the taxpayers who were provisionally migrated by virtue of being registered under the existing laws, but who are no longer required to be registered under GST, the period of applying for cancellation of registration has been extended up to September 30.
Categories: India News