In a significant development, the the government on Wednesday decided not to appeal against a Bombay high court ruling that Vodafone was not liable to pay tax demand of Rs 3,200 crore in a transfer pricing case.
Govt may announce cut in petrol prices soon
Apple Inc quarterly results smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season and a 70% rise in China sales, powering the company to the largest profit in corporate history.
Snapping its bull-run for eight consecutive sessions, the benchmark BSE Sensex fell over 58 points in early trade Wednesday as participants locked-in gains at current levels amid a weak trend overseas. Besides, profit-booking in stocks of realty, auto, metal, banking, capital goods and oil & gas sectors, negatively impacted trading sentiments.
The government will sell up to 10% stake in the blue chip Coal India Ltd (CIL) through offer for sale on Friday and is expected to mop up around Rs 24,000 crore at current market price.
The rupee fell by 10 paise to 61.51 against the dollar in early trade on Wednesday at the Interbank Foreign Exchange market due to appreciation of the US currency overseas.
The government has chosen the Ordinance route to put into force several legislative Bills over the past months. Many of these are expected to be tabled in Parliament in the upcoming budget session. HT explains four of them
The government may soon decide whether you actually need the subsidy on your cooking gas cylinder by drawing a line on who deserves it.
As India and the US moved towards resetting their business relationship, markets are keenly watching for cues on specifics on a host of sectors such as nuclear power, defence production and renewable energy.
Yahoo Inc plans to spin off its 15% stake in China's Alibaba Group Holding Ltd, responding to pressure to hand over to shareholders its prized e-commerce investment valued at roughly $40 billion.
Finance minister Arun Jaitley on Tuesday said there is huge curiosity and interest especially among domestic and foreign investors regarding India and the opportunity cannot be missed.
India and the US will identify priority sectors for attracting investments and technology, union commerce and industry minister Nirmala Sitharaman said after her meeting with her American counterpart Penny Pritzker on Tuesday.
Dabur's Burman seeks stay on I-T department's case
Extending their winning run to the eighth straight session, the benchmark Sensex on Tuesday jumped 292.20 points to end at new closing high of 29,571.04 and Nifty surpassed the 8,900-mark for the first time on optimism over Indo-US nuclear deal amid sustained foreign fund inflows.