FE Bureau

CBDT forms panel to examine issues and suggestions for better litigation management

The Central Board of Direct Taxes (CBDT) has constituted a five-member committee to examine the suggestions and issues on litigation management that emanated from a judicial conference held in January. The committee has been

Economy News

Private thermal power plant utilisation falling amid tepid demand growth

The current consumption of 1,200 units per capita is expected to grow 2-3 times, at par with the international consumption, after each and every individual of the country has access to electricity,” said power minister RK S

Economy News

Abu Dhabi’s national oil company mulls investment in Kochi petrochemical complex

Kerala chief minister Pinarayi Vijayan is in UAE to participate in the two-day Middle East Regional Conference of Lok Kerala Sabha, a diaspora outfit for the development of the state.

Industry News

Indigo fliers grounded: Airline to cut 30 daily flights in February, March

IndiGo, the largest domestic carrier, has cancelled around 175 flights so far. The airline had cancelled 40 flights on Saturday, 35 on Sunday and 32 on Monday.

Industry News

Tata Power to be selective about bidding for stressed assets: CEO

Tata Power has invested Rs 14,986 crore on this plant and suffered financial losses to the tune of Rs 9,821 crore from under-recoveries of fuel prices from this unit till December 31, 2018.

Industry News

NCLT bench reserves order on plea of Essar Steel’s suspended management

Essar Steel’s suspended management had demanded that the resolution plan be sent back to the committee of creditors as the management was kept away from its right to participate in the meetings to consider the resolution pl

Industry News

Volvo to have India-assembled hybrid SUV by 2019-end

The plug-in hybrid car will cost around 8% more than the diesel inscription car.

Industry News

Fortis Healthcare reports loss of Rs 197 crore in Q3FY19; appoints Vivek Goyal new CFO

Fortis also announced the appointment of Vivek Goyal as its chief financial officer.

Industry News

IFCI seeks buyers for Rs 1,670 crore exposure to Uttarakhand power plant

IFCI’s outstanding debt exposure to the project stood at Rs 1,529.18 crore at the end of January, while the face value of its equity exposure was Rs 140.72 crore.

Industry News

Non-food credit growth shows uptick

During the comparable fortnight a year ago, non-food credit growth stood at 11.86%

Industry News

Muthoot Finance to raise up to Rs 750 crore through NCDs

The issue is with a base issue size of Rs 100 crore with an option to retain over-subscription up to Rs 650 crore, aggregating up to tranche limit of Rs 750 crore. The NCDs are proposed to be listed on BSE.

Banking & Finance News

Repco Home Finance Q3 net profit jumps 31% to Rs 56 crore

Loans to the self-employed segment accounted for 55.1% of the outstanding loan book and loans against property product accounted for 18.4% of the same.

home loan, home loan myths, myths and misconceptions about home loans, housing loan, real estate, home loan interest, repo rate News

Dyson Pure Hot+Cool air purifier review: Cleans indoor air fast, priced at Rs 52,990

This Dyson air purifier heats in winter, cools in summer and purifies all year round.

Industry News

Centre collects Rs 550 crore from equalisation levy in FY18

The government is currently considering the threshold for establishing significant economic presence of a non-resident in India.

mutual funds, MF, equity MF, systematic investment plan, SIP, retail investors, SIP inflow, foreign portfolio investors, FPIs, stock markets, mutual fund houses, asset management companies, AMCs News

Grounded! Indigo cancels 30 flights on Tuesday, passengers forced to buy tickets at high fares

Sources alleged that the airline was forcing passengers to either buy last minute fares or it was offering them alternate flights with one-stop connectivity with a long transit time.

Industry News

Outstanding tax demand rose 45% in last 4 years

According to the data tabled in the Rajya Sabha, outstanding indirect tax payable rose by over 37% between FY16 and FY19 (up to December) but the recoverable direct tax payable went up by over 47% during the same period.

ELSS, NPS, ULIP, tax savers, Section 80C, Online Ulips News

Investor woes continue as markets end in red for 4th day

The Nifty MidCap Index has given up 8.7% since January and three-fourths of its members are in the red; the steep fall comes on the back of a 15.4% plunge in 2018.

Markets News

Suspicious income tax refund claims under the scanner as numbers rise over last 3 years

The income tax refunds disbursed till February 2 stood at Rs 1.43 lakh crore compared with Rs 1.52 lakh core in FY18 and Rs 1.63 lakh crore in FY17.

Economy News

CPI inflation at 19-month low on falling food prices, IIP growth recovers

As for the Index of Industrial Production, capital goods witnessed volatility again. It rose 5.9% in January from a 3.4% drop in the previous month, suggesting a sustained recovery in investments is yet to take roots.

Economy News

Deadline extended: DTH, Cable TV customers can select channels till March 31

Trai, on Monday, met all the DTH operators and major Multi system Operators (MSO), who informed that implementation of migration was in full swing and subscribers who have exercised their option have been migrated to new fram

DTH, cable rentals, DTH services, DTH pack, DTH Plans, Trai, best fit plan, cable, DTH, current bill amount, TRAI plans News

Finance ministry spent Rs 1,157 crore in 2017-18 without prior Parliament approval: CAG

The finance ministry didn’t devise an appropriate mechanism in respect of new service/new instrument of service, which led to the extra spending.

Economy News

I-T assessment error caused loss of Rs 6,000 cr in real estate taxes, reveals CAG report

The CAG scrutinised only 22% of the 78,647 assessments made during this period, and said ITD needed to internally audit the remaining assessments to pin down reasons for errors. Further, CAG found that out of 923 real estate

Economy News

Azim Premji honoured with lifetime achievement award, Siddhartha Lal of Eicher Motors is entrepreneur of the year: EOY Awards

This was the 20th edition of the EOY Awards in India which also saw Wipro chairman Azim Premji being honoured with the lifetime achievement award.

India News

Investment platform Smallcase Technologies raises $8 million in Series A round

Since the launch of the smallcases platform in July 2016, a total user base of 2.5 lakh investors have transacted over Rs 2,000 crore in smallcases, the firm said.

Industry News

US court clears way for Dr Reddy’s to sell generic Suboxone

Dr Reddy’s had booked sales of around $10-$15 million, days after its launch before it was stayed by the US court. Suboxone had sales of around $786 billion in the US for the first nine months of 2018. The drug accounts for

Economy News

NCLAT extends deadline for Essar Steel order to February 19

During the hearing, NCLAT was informed that Ahmedabad bench has completed hearing on operational creditors’ plea and is scheduled to hear suspended Essar directors later in the day on Tuesday.

Industry News

Anil Ambani appears before SC in contempt case by Ericsson India, Kapil Sibal his lawyer

Ambani, along with Reliance Telecom chairman Satish Seth and Reliance Infratel chairperson Chhaya Virani, are also supposed to be present on Wednesday before a bench led by Justice R F Nariman, which had issued a contempt not

Industry News
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