ECONOMY & NATION


New Delhi : Notices are being served on those whose names figure in the Panama Papers leaks even as the newly-enacted black money act has resulted in "a certain level of compliance" and helped track black money parked overseas, Finance Minister Arun Jaitley said on Friday.   "I would...

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New Delhi : A court here on Friday ordered the framing of charges in a coal block case involving the Jindal Group.   Special Judge Bharat Parashar ordered that charges dealing with criminal conspiracy, cheating and various provisions of the Prevention of Corruption Act against former...

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New Delhi : The Delhi High Court on Thursday, taking note of the huge pendency of cases relating to economic offence wing (EOW) of Delhi Police, directed Special Commissioner of Police Amulya Patnaik to submit a proposal to curb delays in completion of investigation in the...

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Ahmedabad : The Gujarat government on Friday announced 10 percent reservation for all non-reserved categories on the basis of their annual income.   Chief Minister Anandiben Patel told the media that the reservation will be given to all those whose annual income is Rs.6 lakh or...

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The income-tax (I-T) department is keen to have taxpayers declare all the interest they earn. Tax-deducted-at-source (TDS) gets reflected in Form 26AS which helps the I-T department to know the interest amount on bank fixed deposits (FDs). If the taxpayer falls in the tax bracket of more than...

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Nirendra Dev (IANS) 28 April 2016
New Delhi : The government has asked its agencies dealing with economic offences to study the loopholes in the country's banking laws to prevent ill-gotten money from leaving the country's shores and facilitate the return of black money stashed away abroad, well informed sources...

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Moneylife Digital Team 28 April 2016
Manavlok mobilises rural men and women to become beneficiaries by putting in equal time and energy in the current Marathwada drought   How many of us are unaffected by reports of the awful water shortage and widespread drought across large parts of the country. Most people are looking...

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Mumbai : A Special Court on Wednesday issued a non-bailable arrest warrant against NCP legislator Pankaj Bhujbal and some others in connection with a money laundering case lodged by the Enforcement Directorate (ED).   Prevention of Money Laundering Act Special Court Judge P.R. Bhavke...

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New Delhi : In the wake of the case of defaulting liquor baron Vijay Mallya, parliament's consultative committee attached to the finance ministry on Wednesday suggested a list of all defaulters, whose loans have been written off, be made public and asked for exemplary action against wilful...

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Hong Kong : American credit rating agency Moody's on Wednesday retained India's outlook at 'positive' saying the country's history of double-digit inflation, high government debt levels, weak infrastructure and a complex regulatory regime have constrained its credit profile, while China...

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New Delhi : Train travel solutions app RailYatri.in on Wednesday said Infosys co-founder Nandan Nilekani has invested an undisclosed amount in it.   "What excites me about RailYatri is the fact that this is a new-age product made by Indians for fellow Indians, which intelligently...

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Moneylife Digital Team 26 April 2016
New Delhi : Passenger car major Maruti Suzuki on Tuesday reported a decline of 11.7 percent in its net profit for the fourth quarter (Q4) of 2015-16.   The company's net profit stood at Rs.1,133.6 crore for the quarter ended March 31, 2016 from Rs.1,284.2 crore in the corresponding...

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Moneylife Digital Team 26 April 2016
Changed product mix and capacity expansion may sustain growth   Ceat, the Mumbai-based tyre producing firm, has been a great wealth-creator over the past three years. From just around Rs100 in September 2013, the stock is now quoting at around Rs1,150, a humungous rally of 1,000% in...

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Moneylife Digital Team 26 April 2016
Low input costs, strong outsourcing linkages and government policies may keep the tiles sector growing   The tiles sector has been doing well for the past few years, thanks to three key factors which will not disappear soon. One, the organised tiles sector has been following the joint...

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The company will be investing Rs1,000 crore this year in setting up five to six new processing units of its various products in different states   Patanjali Ayurved is expecting 150 percent growth in 2016-17, reaching an over Rs10,000 crore turnover in the current fiscal, its founder...

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Dr. Swamy is among several new members nominated to the Rajya Sabha, including former cricketer and MP, Navjot Singh Sidhu   Dr Subramanian Swamy, a former union minister was sworn in as Member of Parliament (MP) today along with Olympic medallist and five time world boxing champion...

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Sugandha Rawal (IANS) 26 April 2016
The show narrates story of a successful New York lawyer Rebecca Bunch, who decides to follow her ex-boyfriend, Josh Chan, to suburban West Covina, California. It accounts her romantic rendezvous in a hilarious manner interwoven with the use of music   She has never been to India but...

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Moneylife Digital Team 25 April 2016
The company has not paid at least 37 workers for the past three months, while customers on annual contracts have also been left in the lurch   MyHomeMaker, which calls itself a CRISIL-NSIC rated organisation seems to have gone belly-up leaving at least 37 skilled carpenters, plumbers,...

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Will SEBI initiate ‘immediate action’ on lapses and constitute a team with ‘appropriate background ’ as recommended by its own expert committee?   The powerful technical advisory committee (TAC) of the Securities & Exchange Board of India (SEBI) conducted a detailed investigation of...

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Rajan's total monthly emoluments, which stood at Rs1,98,700, were less than that of three others - Gopalkrishna Sitaram Hegde (Rs4,00,000), Annamalai Arappuli Gounder (Rs2,20,355) and V Kandasamy (Rs2,10,000)   Reserve Bank of India Governor Raghuram Rajan is not its highest-paid top...

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