L&T wins Rs 1.5k cr water supply project

Last Updated: Monday, August 31, 2015, 12:34

Larsen & Toubro on Monday said it has won a turnkey order for Rs 1,489 crore water supply project from Public Health Engineering Department, Ajmer.

UBS pays $1.7 mn for `apparent` sanctions violations

Last Updated: Friday, August 28, 2015, 02:08

The Swiss bank UBS has agreed to pay US authorities $1.7 million to settle "apparent" violations of rules banning transactions benefiting officially designated terrorists, the Treasury Department said Thursday.

US economy grew 3.7% in second quarter

Last Updated: Thursday, August 27, 2015, 18:31

The revised number for gross domestic product was initially reported at 2.3 percent.

IT Dept suspects Rs 400-cr tax evasion on cap gains in Maharashtra

Last Updated: Wednesday, August 26, 2015, 22:50

The Income Tax department has detected about 200 cases of bogus "long term capital gains" in Nagpur, Aurangabad and Nashik divisions of Maharashtra where tax of around Rs 400 crore was evaded.

Govt may soon come out with circular on relief to FIIs on MAT

Last Updated: Monday, August 24, 2015, 22:25

The Revenue Department may soon come out with a circular on providing relief to FIIs from the minimum alternate tax (MAT) with retrospective effect.

First set of tax sop phase-out in public domain soon: Jaitley

Last Updated: Sunday, August 23, 2015, 18:22

Finance Minister Arun Jaitley Sunday said a discussion paper on first set of tax exemptions to be phased out would be put in the public domain shortly.

Indian Oil stake sale Monday; govt eyes best 'first half' disinvesment kitty in 7 years

Last Updated: Sunday, August 23, 2015, 17:30

Looking to garner Rs 9,300 crore from Indian Oil share sale Monday, the government expects its disinvestment kitty so far this fiscal to swell to Rs 12,600 crore -- making it the best 'first-half' in 7 years.

Shah panel's recommendation on MAT positive for market: Sinha

Last Updated: Saturday, August 22, 2015, 16:13

Union Minister of State for Finance Jayant Sinha on Saturday said the A P Shah Committee's recommendation to grant relief to FIIs on Minimum Alternate Tax (MAT) will be a positive for the market.

India may waive retrospective MAT tax on foreign investors

Last Updated: Saturday, August 22, 2015, 12:20

Although MAT has been applied to domestic companies to ensure a minimum tax payment, it had never been imposed on foreign institutional investors (FIIs).

Revenue Dept probing entities over penny stock misuse: Das

Last Updated: Friday, August 21, 2015, 15:40

A day after Sebi clampdown on 59 entities misusing stock market for evading taxes, the government today said the investigation wing of the Revenue Department is probing companies which use the penny stock route for tax evasion.

Efforts on to streamline scrutiny process of I-T cases: Govt

Last Updated: Thursday, August 20, 2015, 21:50

As part of government's efforts to create business friendly tax environment in the country, the Centre will soon come out with guidelines to streamline the process of scrutiny of income tax cases, a top official said Thursday.

India Post says open to partnerships for payments bank

Last Updated: Thursday, August 20, 2015, 12:16

Having secured RBI's nod to set up a payments bank, the Department of Posts has said it is open for partnership in this new venture and is in talks with some telecom companies.