In a major setback for Google India, the Income Tax Appellate Tribunal said payments made by it to the parent firm Google Ireland constitute a royalty under the Indian law, as well as under the India-Ireland Double Tax Avoidance Treaty (DTAA),...
-
19th Mar 2019 | Updated at 07:24pm 19th Mar 2019
Banks, govt fund to own 51% in restructured Jet
Restructured Jet Airways will effectively be a 51 per cent government fund and PSU banks-owned. Sources said SBI-led lenders will convert £60 million loan into equity at Re 1, which will take their stake to 32 per cent
Deal to sell assets to Jio has failed, Anil Ambani tells SC
Approximately 13 months after Anil Ambani announced the sale of his debt-ridden Reliance Communications' telecom assets to elder brother Mukesh's Reliance Jio for an estimated £2.3 billion, he has revealed the deal fell through despite its best...
American retail giant Walmart Inc is picking up a 77% stake in Indian online retailer Flipkart for $16 billion in the largest e-commerce deal ever struck...
A poll of economists estimate that India will claim top spot among the world's fastest-growing major economies this year
Tata Consultancy Services (TCS) on Monday became the first Indian company to breach market capitalisation (m-cap) of $100 billion.
The Indian government has approved a proposal to promulgate Fugitive Economic Offenders Ordinance 2018, in a bid to crack down on economic fugitives and...
Reserve Bank of India (RBI) has announced a major crackdown on cryptocurrencies, even as it unveiled plans to create its own digital currency.
The Supreme Court has ordered a stay on the sale of assets of Anil Ambani's RCom Consolidated to elder brother Mukesh's Reliance Jio Infocomm (Jio) in a bid to decide who should be refunded first out of the money raised from the deal.
Ahead of a meeting of over 40 countries in New Delhi, the World Trade Organisation (WTO) on Monday warned of escalation of trade tensions following recent...
In yet another banking fraud, India's second-largest lender Punjab National Bank (PNB) revealed that it has detected “fraudulent and unauthorised” transactions...
According to data compiled by ratings agency ICRA, Indian banks are set to report a fresh spike in bad loan numbers based on new RBI norms that require lenders to classify loans, henceforth restructured as non-performing assets.
