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    Centre to Amend Income Tax Act to End Controversial retrospective Tax Demand

    New Delhi: The union Government on Thursday introduced a bill in the Lok Sabha that seeks to amend the Income Tax act to end the controversial retrospective tax demand. The move came after back-to-back tax disputes with Cairn energy and Vodafone Group. Both the companies have won international arbitration against levy of retrospective tax on them. Finance Minister...

    • 11 hrs ago
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    Airtel partners with Google Cloud and Cisco to launch 'Airtel Office Internet' in India

    NewDelhi : Bharti Airtel on Thursday announced the launch of 'Airtel Office Internet' - a unified enterprise grade solution for the emerging digital connectivity needs of small businesses, SOHOs and early stage tech start-ups. 'Airtel Office Internet' offers FTTH broadband with symmetric speeds up to 1 Gbps along with unlimited local/STD...

    • 14 hrs ago
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    Devidayal Solar Solutions signs INR 1 Cr deal with Ashv Finance

    New Delhi : Powering Livelihoods backed Devidayal Solar Solutions, a Mumbai-based Distributed Renewable Energy (DRE) appliances innovator, signed an INR 1 crore deal with Ashv Finance, which enables micro and small businesses in areas with unreliable electricity to purchase their solar refrigerators. This end-user financing commitment is estimated to unlock financing opportunities...

    • 17 hrs ago
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    JSPL's Production rises 8% to 6.5 lakh tonnes in July

    New Delhi: Naveen Jindal-led Jindal Steel & Power Limited (JSPL), reported a sharp recovery in steel sales in the month of July 21, returning back to its growth path. Steel sales were up 5% Y-o-Y and surged 21% M-o-M to 6.7 lakh tonnes as compared to 6.4 lakh tonnes during the same month in the previous year. JSPL reports monthly steel production of 6.5 lakh tonnes, up 8% Y-o-Y as...

    • 18 hrs ago
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    Greenply forays into MDF business, to set-up 800 CBM per day capacity plant in Gujarat

    Kolkata : Greenply Industries Limited, India's leading plywood manufacturing company on Wednesday announced its foray into the Medium Density Fiber (MDF) boards business. The Greenfield manufacturing plant would be setup at Vadodara, Gujarat with an estimated cost of Rs. 548 Crore. For this purpose, the Board of Directors of the company today announced...

    • 2 days ago
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    Semiconductor shortage: Maruti Suzuki to minimize vehicle production in August

    New Delhi : Maruti Suzuki India, India's largest seller of passenger vehicles on Wednesday said that its production will be partially impacted in the current month owing to semiconductor shortage. The company has decided to halt production on three Saturday's of August i.e. 7th, 14th and 21st August. In addition, some of the production lines may see...

    • 2 days ago
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    SBI Q1 net profit up 55% to Rs.6504 crore

    Mumbai: State Bank of India, India's largest lender has reported 55 percent Year on Year (YoY) growth in net profit at Rs. 6504 crore in the April-June quarter (Q1). Bank's operating profit during the quarter grew by 14.85 percent (YoY) to 18,975 crore. Net interest income grew by 24 percent to Rs. 11,803 crore. The bank's total deposit grew by 8.82 percent, while the domestic credit...

    • 2 days ago
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    3-day MPC meeting begins today; RBI may maintain its Accommodative Stance

    Mumbai: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) will began its three day meeting today. The MPC is scheduled to announce its bi-monthly monetary policy announcement on the 6th of August. Several economists have predicted that the MPC will maintain its accommodative stance in the August-September period also. The MPC has maintained a dovish...

    • 2 days ago
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    Demand for Special Railway Division in Jharsuguda

    Bhubaneswar: Odisha state BJP has demanded a special Railway Division in Jharsuguda, the industrial hub of Western Odisha. BJP state secretary Tankadhar Tripathi has submitted a demand letter in this regard to the Union Railway Minister. The demand calls for the establishment of a special railway division in Jharsuguda, the development and modernization of Jharsuguda and Brajrajnagar railway...

    • 2 days ago
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    IndusInd Bank empanelled as an Agency Bank to RBI

    Mumbai : Private sector bank IndusInd Bank on Tuesday announced that it has been empanelled by the Reserve Bank of India (RBI) as an 'Agency Bank' to facilitate transactions related to Government businesses. The announcement comes close on the heels of a recent RBI guideline that authorizes scheduled private sector banks as Agency Banks of the regulator for the conduct of government...

    • 3 days ago

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