Appeals would be filed in high courts if the tax amount involved in litigation is Rs 50 lakh, up from Rs 20 lakh
at present.
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-
CBDT issues guidelines for defending cases at CIT (appeals)
-
Vicco chief Pendharkar dies at 85
Vicco Laboratories chairman Yeshwant Pendharkar, 85, passed away. His nephew Devesh mentioned Yeshwant's role in marketing Vicco products and leading the advertising campaign. -
'Macro buffers to help India navigate global headwinds'
A finance ministry report stated that India's strong macroeconomic buffers will help the economy navigate external challenges, with positive signs in the farm sector. The report highlighted the importance of growth momentum and stability in areas like fiscal management. -
Adani Ports to enter sensex; Wipro to exit
Adani Ports to replace Wipro on Sensex from June 24, marking Adani Group's first inclusion. Adani Group has 10 listed firms valued at over Rs 17 lakh crore, with APSEZ and Wipro in Nifty. Trent to enter S&P BSE Sensex 50, replacing Divi's Laboratories. Changes in S&P BSE 100, S&P BSE Bankex, and S&P BSE Sensex Next 50 announced. -
Rupee rises to 2-month high of 83.1 vs $
The rupee hit a two-month high to close at 83.10 in the foreign exchange market on Friday, up 14 paise from its previous close of 83.24. -
Sony India MD quits after decade
Sony Pictures Networks India MD N P Singh steps down after a decade, following the cancellation of a merger with Zee Entertainment Enterprises. Successor search underway. -
'India should impose wealth tax on ultra rich to tackle inequality'
A new paper by the World Inequality Lab proposes an annual wealth tax and an inheritance tax for those with net wealth exceeding Rs 10 crore. The paper, authored by Thomas Piketty, Nitin Kumar Bharti, and others, aims to tackle wealth concentration at the top. -
Aditya Birla Group joins $100 billion market cap club
Aditya Birla Group's market cap surpasses $100 billion with key roles played by UltraTech, Hindalco, Vodafone Idea, and Grasim Industries expanding into paints business and global man-made fibre market. -
Sebi tweaks derivative scrips' price band norms
Sebi on Friday modified guidelines for dynamic price bands for scrips in the derivatives segment in a bid to strengthen volatility management and minimise information asymmetry. -
Google invests $350 million in Flipkart for minority stake
Google has invested $350 million in Flipkart as part of a funding round led by Walmart, increasing Flipkart's valuation to over $35 billion. -
Google Infuses $350 Million In Walmart-Owned Flipkart
Established in 2007, Flipkart has enabled millions of sellers, merchants, and small businesses to participate in India's digital commerce revolution. -
India's forex kitty reaches new high of $648.7 bn after $4.55 bn jump
India's forex reserves jumped USD 4.549 billion to a new all-time high of USD 648.7 billion for the week ended May 17, the Reserve Bank said on Friday. This is the third consecutive week of increase in the overall kitty, which had increased by USD 2.561 billion to USD 644.151 billion in the previous reporting week ended May 17. -
HDFC Bank Customers Alert! UPI, Net Banking, And Mobile Banking Services Will Be Down On THIS Date & Time- Details Inside
HDFC Bank customers can utilize the bank's ChatBanking service to learn more about the services affected by the scheduled maintenance of the bank's platforms. -
You can become a crorepati even with a monthly salary of Rs 25,000 - here’s how
When aiming to accumulate a substantial sum like Rs 1 crore, investing in an equity mutual fund through a systematic investment plan (SIP) is a wise choice. -
Sensex, Nifty Close Flat After Touching All-Time High
Nifty topped the 23,000 mark while Sensex also made a new high today. -
Heeramandi actor Richa Chadha shares how mutual fund investments helped finance her wedding
Actor Richa Chadha advises women to invest in mutual funds, open demat accounts, and save consistently. She emphasizes the importance of financial independence and empowerment for women. -
Bharat Biotech founder Dr Krishna Ella awarded by Johns Hopkins for contribution to public health
Dr Krishna Ella of Bharat Biotech received the prestigious dean’s medal for exceptional leadership and contribution to public health at the Bloomberg School’s convocation ceremony in Baltimore, Maryland. -
First time in history! Tata Motors' Jaguar Land Rover to make Range Rover, Range Rover Sport models in India; prices to fall up to 22%
Jaguar Land Rover, under Tata Motors, will manufacture Range Rover and Range Rover Sport models in India for the first time. This move aims to enhance localisation, reduce prices by 18-22%, and reach a wider customer base. -
Adani Enterprises Stock Recovers $30 Billion Following Hindenburg Report
The stock has recovered from losses of over 30 billion dollars that followed allegations of widespread corporate misconduct and share-price manipulation by US-based Hindenburg Research in January 2023. -
Now, India to get next-generation nuclear fuel from Russia this summer
Russia's Rosatom head has announced that India will receive next-generation nuclear fuel this summer, emphasizing India's importance as a key partner in the nuclear sector. -
India’s private sector activity in May sees 3rd strongest increase since 2010; job creation at 18-year high: Report
India's private sector activity in May showed significant growth, with optimism for the future. The HSBC Flash India Composite Output Index rose to 61.7, driven by export demand and services sector acceleration. Employment also saw the most significant increase in almost 18 years. -
New visa-free group travel agreement in works between India and Russia; to attract more Indian tourists to Moscow
A new visa-free group travel agreement between India and Russia is expected to increase tourist numbers to Moscow by at least 30%. The number of travellers from India alone exceeded 60,000, representing a 25% increase compared to the previous year. -
Goldilocks scenario for gold! Why it’s the right time to buy gold
Gold prices have experienced a significant upswing in recent times, outperforming the Nifty 50 over a 5-year period with a return of 17.39% compared to the Nifty's 15.24%. -
Sensex Hits New All-Time High; Nifty Breaches 23,000-Mark For First Time
Regaining the 75,000 level, the BSE Sensex ended at an all-time peak of 75,418.04, up by 1,196.98 points or 1.61 per cent. -
Stock market today: BSE Sensex near 75,500 level; Nifty50 shy of 23,000
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red but within minutes reversed losses to trade in green. -
Will Indian IT companies be forced to exit H1-B visa program? Steep fee hike to make significant dent in pockets
USCIS's sharp rise in US H-1B visa fees poses challenges for Indian IT service providers, impacting business operations. The fee hikes, including a 2050% increase in registration fee and a $600 asylum fee, may force companies to exit the visa process. -
A 1,200% surge tests nerves of investors in Korean AI chip stock
The share price of Hanmi Semiconductor Co has surged nearly 1,200% since the end of 2022, leading some investors to cash out due to high valuations. Hanmi Semi is currently the most expensive stock among its regional chip-related peers when compared to forward earnings estimates. This surge reflects strong demand for the company's AI-related chipmaking equipment . -
Air India Announces Salary Hikes and Performance Bonuses for Pilots
Air India: Air India on Thursday announced annual salary increments for its staff, and also introduced an annual target performance bonus for pilots, according to sources. -
IndiGo nets nearly $1 billion annual profit, a first for Indian carriers
The Rahul Bhatia-founded LCC on Thursday reported a profit of Rs 1,895 crore this Jan-March, up 106% from Rs 919 crore in Q4 last fiscal. It reported an annual profit of Rs 8,172.5 crore in FY24, against a loss of Rs 306 crore in the previous fiscal. The airline’s scrip closed at around Rs 4,400.6 on BSE Thursday, up 0.9%. -
Soon, all health insurance claims will be processed via centralised platform NHCX
Patients who visit a hospital for treatment provide their insurance policy details or a card issued by the third-party administrator (TPA) or insurance company. The hospital then accesses the claim processing portal of the company and uploads the required documents for pre-authorisation or claim approval.
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