NEW DELHI: The decision of some West Asian cities, including Dubai, to start returning to business as usual amid an unrelenting war is forcing a significant number of Indians to spend lakhs to get back. These people had somehow managed to come to India after Feb 28 or were here before that and now are…
NEW DELHI: The Lok Sabha on Wednesday passed the Finance Bill, with 32 amendments moved by finance minister Nirmala Sitharaman, including specifying that in case of buyback of shares, additional income tax on capital gains made by promoters will face a 12% surcharge.The Finance Bill had proposed to replace dividend tax applicable to buybacks and…
NEW DELHI: Supreme Court Wednesday said magnitude of financial burden could not be factored in to deny just and fair compensation for land acquisition even as it limited the applicability of a liberal compensation regime – a decision that could substantially reduce National Highways Authority of India’s Rs 29,000 crore liability for land acquired since…
NEW DELHI: With hopes of a resolution to the West Asia conflict rising, sensex rallied over 1,200 points in late session on Wednesday to close above the 75,000 mark again.As diplomatic initiatives to end the war between the US-Israel and Iran picked up pace, markets around the world rallied, crude oil prices slipped, and precious…
NEW DELHI: External affairs minister S Jaishankar on Wednesday said Israel had helped India in military conflicts and been a reliable source of defence technology, even as he maintained that ties with Iran remained friendly, pointing to the latter’s decision to allow passage of four Indian ships through the Strait of Hormuz.His assertion at the…
NEW DELHI: Govt on Wednesday named KVR Murty, a former Indian defence accounts service officer, as whole-time member of markets regulator Sebi, with a three-year tenure. Murty, who retired as additional controller general of defence accounts, has had a long stint in the ministry of corporate affairs. TNN Source link
NEW DELHI: Govt and oil companies on Wednesday said there was no shortage of petrol and diesel and advised people against panic buying.Sujata Sharma, joint secretary in the ministry of petroleum and natural gas, told a media conference that reports of long queues at fuel pumps were received over the past two days due to…
MUMBAI: Sammaan Capital (formerly Indiabulls) shares rose 6% after the RBI approved the acquisition of a controlling stake by UAE-based International Holding Company (IHC) through an initial investment of about Rs 8,850 crore. In a regulatory filing on March 24, Sammaan Capital said RBI had cleared applications related to the proposed transaction involving Avenir Investment,…
A UK court has rejected fugitive diamantaire Nirav Modi‘s petition to reopen his extradition order, bringing him closer to facing charges in India, reports Rajshekhar Jha.The High Court of Justice, King’s Bench Division, while handing down the judgment, observed that the petition and the circumstances surrounding it were not exceptional to revisit earlier extradition order,…
BENGALURU: OpenAI, the company behind ChatGPT, has hired former JioStar CEO Kiran Mani as managing director for Asia-Pacific, as the AI firm steps up its regional expansion amid strong user growth in markets including India. Mani is set to join in June. He will report to Jason Kwon and lead regional strategy and operations across…