No more revenue stamp on PF withdrawal claims

Last Updated: Friday, August 14, 2015, 17:14

Retirement fund body EPFO has done away with the mandatory requirement of affixing one rupee revenue stamp on PF withdrawal claim forms.

PF settlement timeline revised from 30 to 20 days

Last Updated: Tuesday, August 11, 2015, 17:59

The timeline for settlement of Provident Fund, pension and insurance claims have revised from 30 days to 20 days. As a result, the claimants would now get speedier service in July.

Indian workers win $20 mn settlement against US company

Last Updated: Thursday, July 16, 2015, 14:11

The Alabama-based company will also issue an apology to the Indian workers, who brought to the US to be employed as welders, pipefitters and in other positions.

Govt reduces claims settlement period by EPFO to 20 days

Last Updated: Wednesday, July 15, 2015, 20:02

EPFO has settled 11.06 lakh claims in June, 38 percent of these were settled within 3 days and 76 percent within 10 days.

CBEC to popularise Settlement Commission for resolving tax disputes

Last Updated: Sunday, June 28, 2015, 12:15

The Central Board of Excise and Customs (CBEC) has asked its officials to encourage assessees facing notices to get tax disputes expeditiously resolved through the Settlement Commission mechanism.

Sebi rejects three settlement pleas

Last Updated: Friday, May 22, 2015, 15:57

Regulator Sebi has turned down three consent applications by entities seeking settlement of proceedings against them with regard to the allegations of violations of securities market norms.

Barclays takes extra $1.2 billion hit for potential forex settlements

Last Updated: Wednesday, April 29, 2015, 13:27

Barclays said it had now set aside 2.05 billion pounds ($3.2 billion) to cover any settlement, after the extra provision to reflect "developments with certain authorities" since it last reported in March.

Payout from BP oil spill settlement tops $5 billion

Last Updated: Thursday, April 16, 2015, 03:55

The administrator overseeing a BP Plc fund to compensate people and businesses claiming they were harmed by the 2010 Gulf of Mexico oil spill said on Wednesday more than $5 billion has been paid out.

FTIL-NSEL swap ratio finalised; NAFED to get 38 shares

Last Updated: Friday, April 10, 2015, 18:02

The government has finalised the share swap ratio for the proposed merger of crisis-hit NSEL with its parent Financial Technologies, which itself will not get any share.

Glenmark's subsidiary to pay $25 mn to settle a pricing case

Last Updated: Wednesday, April 8, 2015, 13:14

Pharmaceutical major Glenmark on Wednesday said its US subsidiary will pay USD 25 million to the federal government there as well as to the Texas state administration to settle a pricing investigation.

FTIL offers Rs 1000cr settlement plan; brokers reject proposal

Last Updated: Tuesday, March 31, 2015, 16:44

Financial Technologies today said it has submitted to the government a Rs 1,000-crore settlement plan, including Rs 500-crore to be contributed by brokers, to clear the claims of small and mid-sized investors on scam-hit National Spot Exchange Ltd (NSEL).

Deutsche Bahn and Bombardier reach settlement on defective trains

Last Updated: Friday, March 20, 2015, 17:06

German rail operator Deutsche Bahn and Canadian train maker Bombardier said Friday they have agreed to settle out of court two years of legal battles over allegedly defective trains.