Business

  • income tax
    Apr 18, 2015 18:19 IST

    Govt likley to withdraw new I-T forms seeking details of foreign trips

    The government will likely roll back the controversial new income tax return forms that makes it mandatory to disclose a host of information including details of foreign trips, top officials told HT.

  • Arun Jaitley
    Apr 18, 2015 15:05 IST

    'Misadventure' of retrospective taxation will be costly: FM

    Ruling out the use of retrospective taxation by the present administration, Finance Minister Arun Jaitley has said that a permanent law in this regard is not possible and the cost would be "too heavy" if any future government indulges in such a "misadventure".

  • Why did EC allow Rahul's roadshow and deny Modi, asks Jaitley
    Apr 18, 2015 12:37 IST

    Automatic info exchange only way to tackle black money: Jaitley

    Finance minister Arun Jaitley has sought urgent implementation of common reporting standards on automatic exchange of information globally, asserting that it is the only way to tackle the challenges posed by black money.

  • Ravi Shankar Prasad
    Apr 18, 2015 00:34 IST

    48,000 BPO jobs in small towns soon: Ravi Shankar Prasad

    Communications minister Ravi Shankar Prasad said on Friday that the government will soon unveil a policy to generate around 48,000 jobs in Business Process Outsourcing firms that would be set up in small towns.

  • A petrol-pump employee filling fuel
    Apr 18, 2015 14:56 IST

    Reliance to restart all fuel pump outlets by March 2016

    Mukesh Ambani controlled Reliance Industries Ltd (RIL) plans to restart all its fuel pumps in FY16, the company said in an investor presentation put up on its website.

  • Internet
    Apr 17, 2015 23:49 IST

    Trai targets four-fold faster broadband speed, 600 million users

    The Telecom Regulatory Authority of India (Trai) has recommended quadrupling broadband speed definition to 2 megabits per second (MbPS), from the present 512 Kbps by December 2015, and has set a target of hitting 600 million broadband connections by 2020.

  • Mobile payments
    Apr 18, 2015 01:06 IST

    ‘90% of mobile banking apps are vulnerable’: Study

    Mobile banking may have made lives easier but think twice the next time you reach out for a smartphone to do a monetary transaction. Nearly 90% of all Indian mobile banking apps are vulnerable to security attacks and data leaks, a recent report by an IIT-Bombay start-up has found.

  • Air Canada (Andrew Vaughan/ AP Photo)
    Apr 17, 2015 21:43 IST

    Air Canada to launch Delhi flights from November

    After a gap of almost a decade, Air Canada will resume direct flights between Toronto and Delhi from this winter, its chief told Prime Minister Narendra Modi.

  • Tata Consultancy Services
    Apr 17, 2015 23:30 IST

    TCS shares down 4% on weak Q4 revenues

    Tata Consultancy Services shares plunged by over 4% on Friday, a day after the company reported a 27% drop in its quarterly profit hit by a one-time employee bonus.

  • LPG
    Apr 17, 2015 23:37 IST

    LPG direct subsidy transfer push losing steam, say officials

    While the government has linked 125 million domestic cooking gas connections in the country to bank accounts under the direct benefit transfer of LPG (DBTL) scheme ‘Pahal’, bringing the remaining 25 million consumers on board may be a challenge.

  • Budget, export
    Apr 17, 2015 23:46 IST

    India misses target as exports drop by 1.23%

    India’s trade deficit in March was the highest in four months, at $11.79 billion, as exports continued to fall, underscoring risks for growth prospects in Asia’s third largest economy.

  • BJP's Harsh Vardhan
    Apr 17, 2015 20:29 IST

    India had close to 30% of world's GDP in Middle Ages: Vardhan

    India had GDP figures close to 30% in the Middle Ages and the Narendra Modi-led NDA government will take initiatives to achieve the former glory of the country, Union minister Harsh Vardhan said on Friday.

  • Mukesh Ambani
    Apr 17, 2015 17:49 IST

    Reliance Industries Q4 profit up, sales slide on crude price

    Reliance Industries, India’s second-largest company by market capitalisation and owner of the world’s largest refining complex, saw strong refining margins push up its quarterly net profit to a record $1 billion, even as sales fell due to soft crude prices.

  • Indian Finance Minister Arun Jaitley.
    Apr 17, 2015 15:53 IST

    FM pitches for low taxes, says taxpayers 'partners' not 'hostages'

    Promising a 'modern tax system' with low and globally competitive rates, Finance Minister Arun Jaitley has assured foreign investors against any retrospective action and said taxpayers will be seen as "partners and not as potential hostages or victims".

  • Bombay Stock Exchange
    Apr 17, 2015 11:52 IST

    Sensex plunges for 3rd day, IT pack leads fall on TCS let-down

    The benchmark BSE Sensex fell by over 223 points on Friday to close at 28,442.10, its weakest closing in over two weeks, mainly dragged down by heavy selling in tech and healthcare sectors.