Business

AGR: SC refuses to entertain Voda plea seeking 'no coercive action'

NEW DELHI:After being rapped by the Supreme Court for failing to deposit AGR dues, Vodafone Idea on Monday moved the apex court stating it can as of now pay only Rs 2,500 crore of the arears to the government and will follow it up with another Rs 1,000 crore by February 21.

Aircel-Maxis case: Court seeks ED, CBI response on Karti's plea

NEW DELHI: A Delhi court on Monday issued notice to Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) on a petition filed by Congress MP Karti Chidambaram seeking permission to travel abroad.

China's central bank cuts medium-term rate amid COVID-19 blow

BEIJING:China's central bank on Monday cut the interest rate on its medium-term loans by 10 basis points to 3.15 per cent amid attempts to reduce the economic impact of the coronavirus (COVID-19) outbreak in the country where 70,548 people have been infected.

India's Jan merchandise exports fall, trade deficit widens

NEW DELHI:Sluggish global and local economic conditions continued to dent India's external merchandise trade, as both exports and imports inched lower in January.

Microsoft temporarily blocked from beginning Pentagon project

SAN FRANCISCO:A federal judge in the US has temporarily blocked Microsoft from beginning work on the $10 billion Pentagon Cloud computing project following a motion filed by Amazon Web Services (AWS).

Training programme on "Services" under Goods and Service Tax

SHIMLA:Principal Secretary Excise and Taxation Sanjay Kundu inaugurated the training programme on "Services" under Goods and Service Tax at Excise and Taxation headquarters today. The training is being organised for Additional Commissioners, Joint Commissioners, Deputy Commissioners, Assistant Commissioners and Assistant State Taxes and Excise Officers and officers from BBN Baddi, Shimla, Solan Sirmaur and Kinnaur on 12th,13th February and 18th and 19th February, 2020. Keshav R Garg, CA is faculty for this training programme.

Karnataka shutdown for jobs to Kannadigas begins

BENGALURU:About 100 pro-Kannada outfits began a day-long shutdown in Karnataka on Thursday under a common banner, seeking more jobs for Kannadigas in state-run enterprises and job reservation for locals in the private sector.

6 Essential Personal Finance Tips to Ensure a Financially Secure Future

One thing almost everyone desires is to be financially stable. It isn’t about being rich but about building enough wealth to live the way you want. Financial stability gives you the freedom to live comfortably without having to worry about financial emergencies. This is why financial planning is crucial. 

US dollar retreats amid stronger risk appetite

NEW YORK:The US dollar retreated in late trading on Tuesday as investors' risk appetite went stronger.
Market confidence restored on hopes that the outbreak of novel coronavirus infection may close to its peak. Traditional safe-haven currency Japanese Yen weakened against the greenback.

Ratan Tata defends woman who called him 'Chhotu'

NEW DELHI:Tata Sons Chairman Emeritus Ratan Tata has defended a woman on Instagram after she got criticised for calling him 'Chhotu'.
Tata on Tuesday shared a post on Instagram after he reached 1 million followers on the social media platform.

Over 200 business deals materialise at DefExpo

LUCKNOW:Over 200 partnerships involving signing of MoUs, transfer of technology and product launches took place on the third day of DefExpo-2020 at a ceremony titled Bandhan.

Petrol, diesel prices see sharp cut

NEW DELHI:Petrol and diesel prices recorded the biggest drop so far in this month on Friday. Oil marketing companies reduced the price of petrol by 21 to 22 paise, and that of diesel by 24 to 26 paise per litre.

I-T officials again at producer Chezhiyan, actor Vijay's homes

CHENNAI:Income Tax (I-T) department officials on Thursday continued their search operations for second day at the homes of movie financier and producer Anbu Chezhiyan, actor Vijay and AGS Group promoter Kalpathi S. Aghoram.

Maruti Suzuki's green push, unveils concept FUTURO-e

NEW DELHI:Maruti Suzuki on Wednesday unveiled its concept electric vehicle 'FUTURO-e' at the Auto Expo 2020 here.
The concept model is an SUV coupe and a company statement said that the "futuristic electric coupe-style concept vehicle will bring a fresh global design perspective to the Indian landscape".

Indians order-in food to 'cheer up': Survey

NEW DELHI:What motivates urban Indians to order in food? As per an Ipsos survey, desires for change in taste and the need to uplift spirits and an excuse for avoiding cooking were top reasons why people order-in food.

TDS at 5% on foreign tour packages, remittances abroad

NEW DELHI:Money flowing out of India is being taxed with tax deduction at source added on services like foreign tour packages and remittances as the outgoing funds flow is sought to being taxed.

Odisha daily wage labourer gets I-T notice for Rs 1.47 cr transaction

BHUBANESWAR:Sanadhara Gand, a daily wage labourer from Odisha's Nabarangpur district, was shocked when he received a notice from the Income Tax (I-T) Department for carrying out bank transactions of Rs 1.47 crore.

ED attaches bank a/c of Kolkata's Xaviers College, KKR arm

NEW DELHI:Cracking its whip in the multi-crore Rose Valley chit fund scam, the Enforcement Directorate (ED) on Monday said that it has attached properties to the tune of Rs 70 crore including the bank accounts of St Xaviers College in Kolkata and also the bank accounts of Knight Riders Sports Pvt Ltd.

Auto sales remain in slow lane in January

NEW DELHI: Low consumer sentiment continued to affect sales of major Indian automobile manufacturers in January.

Govt has rights over NRIs' 'only' India income: FM

NEW DELHI: Finance Minister Nirmala Sitharaman on Sunday said the government has full sovereign right on the income generated by an NRI in India and as such he will be taxed as per Indian laws. She, however, said, the income accruing to the NRI from the country he is living in wouldn't be taxed by India.

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