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In a statement on July 19, the company said its board has decided to seek shareholders' approval for expanding the board to enable the induction of an independent woman.
22 Jul 2019 9:11 AM

Sebi and the corporate affairs ministry are looking into the alleged governance lapses at InterGlobe Aviation.

Form 26AS is a record of the TDS paid on your behalf by your employer, client, bank, or anyone who needs to make payments to you. Sometimes, a payer can incorrectly report your TDS, which will create problems for you.
22 Jul 2019 5:21 AM

Here are some tips to help you make an error-free filing.

A container vessel docked at the West Coast container port in Singapore. (Photo: Roslan Rahman/AFP)
22 Jul 2019 5:16 AM

Beijing and Washington have slapped each other with punitive tariffs covering more than $360 billion in two-way trade.

Data from the Gems and Jewellery Export Promotion Council shows import of rough diamonds fell 23 per cent in value terms and 25 per cent in volume terms in the June quarter. (Representational image)
22 Jul 2019 5:15 AM

Financial Chronicle too had recently reported how the Indian diamond polishing industry has been cutting working days, resulting in job losses.

The Council had, in its June meeting, referred the issue relating to the GST concessions on electric vehicle, electric chargers and hiring of electric vehicles, to an officers' panel.
22 Jul 2019 5:14 AM

For electric vehicles' promotion, the government has already proposed to the Council to slash GST rates to 5 per cent from 12 per cent.

According to All-India Spices Exporters Forum, in 2017-18, pepper exports from India dropped nearly 40 per cent compared to that of two years ago to 16,840 tonne, which is the lowest in recent times.
22 Jul 2019 5:14 AM

Sector analysts pointed out that the international prices of pepper are down thanks to higher production in many countries compared with India.

International Monetary Fund
22 Jul 2019 5:13 AM

The IMF and World Bank were created July 22, 1944 in the shadow of World War II to help rebuild Europe and later Japan.

As a testimony to ByteDance's recognition of India's efforts to frame a new data protection legislation, we are pleased to announce that we are taking a significant step towards establishing a data centre in India, said ByteDance.
21 Jul 2019 5:25 PM

The development assumes significance given that Indian government recently issued notices to Tiktok and Helo.

The government was of the blocks on day one and set the ball rolling on manifesto promises such as pension schemes for farmers, small traders and unorganised workers, the extension of PM-KISAN to all farmers, and setting up of a Jal Shakti Ministry. (Representational image)
21 Jul 2019 5:11 PM

Government spelt out its key priorities in the budget which was focused for making India a USD 5 trillion economy.

High-end phones that are getting sold in the grey market are estimated to cause a loss of Rs 2,500 crore annually on account of non-payment of basic customs duty (BCD) and also goods and services tax, said ICEA Chairman Pankaj Mohindroo.
21 Jul 2019 3:37 PM

The industry body has suggested imposing a maximum customs duty of Rs 4,000 on handsets priced above Rs 20,000.

Notwithstanding this, Birla's salary was 202.9 times higher than median remuneration paid to UltraTech employees in FY 2018-19.
21 Jul 2019 2:23 PM

UltraTech had 19,557 permanent employees on its rolls as on March 31, 2019.

The company, beginning mid-2020, will bring to production three sets of new discoveries in the block that will reverse the years of decline in production.
21 Jul 2019 1:40 PM

The fields produced an average of 1.76 million standard cubic metres per day of gas during April-June, the firm said.

The Parliament, earlier this month, passed an amendment bill which allows voluntary use of Aadhaar as proof of identity for users to open bank accounts and get mobile phone connections. (Photo: File | PTI)
21 Jul 2019 1:06 PM

According to the source UIDAI hopes to select the adjudicating officer in next month and half.

During the review period, IL&FS Group had availed rating services from Crisil Ltd, CARE Ratings, ICRA, India Ratings (a Fitch group company) and Brickwork.
21 Jul 2019 11:56 AM

Grant Thornton was asked to review ratings provided by various credit rating agencies (CRAs) to IL&FS group companies.

According to the latest data available with depositories, a net sum of Rs 7,712.12 crore has been pulled out from equities during July 1-19. (Photo: Representational | PTI)
21 Jul 2019 11:17 AM

FPIs had been net investors in the equity segment in the previous five months.

he government is in discussions with multiple foreign lenders, including Germany’s state-owned development bank KfW Group, the World Bank and some Canadian institutions to extend lines of credit to small enterprises, one of the officials, who did not want to be identified, told Reuters.
21 Jul 2019 1:35 AM

The official said the government plans to source up to Rs 1 lakh crore of loans from foreign institutions.

Made up your mind on a particular used car? Follow these steps while inspecting the vehicle to make sure you are not in for a surprise later.
20 Jul 2019 1:24 PM

So you have been looking up used cars for some time now and have narrowed down your search to a few.

Richest Indian Mukesh Ambani.
20 Jul 2019 12:14 PM

Mukesh Ambani’s remuneration for 2018-19 included Rs 4.45 cr as salary and allowances, which is marginally lower than Rs 4.49 cr.

RBI Governor Shaktikanta Das.
20 Jul 2019 10:55 AM

At the June policy announcement, Das had said banks had passed on only 21 bps of the 50 bps rate cuts.

Pre-launch bookings in India open now, will go on sale on 22 August 2019.
20 Jul 2019 10:37 AM

South Korea is the first market to receive the compact SUV.