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CBDT refutes reports on special drive to reopen tax cases on HRA claims

Apr 9, 2024

New Delhi, April 8 (IANS) The Central Board of Direct Taxes (CBDT) clarified on Monday that the Income Tax Department is not carrying out any special drive to re-open cases on issues pertaining to HRA claims as has been reported in some sections of the media, triggering a scare among the taxpayers.“Any apprehensions about retrospective taxation on…

Balance sheets of top 1,000 listed companies show deleveraging trend

Apr 9, 2024

New Delhi, April 8 (IANS) Balance sheets of Indian corporates are demonstrating deleveraging initiatives, CareEdge Ratings said.The gearing trend of the top 1,000 listed companies as per market capitalisation showed that the average gearing…

Business

Govt bonds worth Rs 30,000 crore to come up for auction on April 12

Apr 8, 2024

New Delhi, April 8 (IANS) The Finance Ministry on Monday announced the sale of government bonds worth Rs 30,000 crore in three different categories that will be put up for auction by the RBI’s Mumbai Office on April 12 (Friday). The bonds…

Business

REC loans for green projects record 6-fold jump to Rs 1.37 lakh crore

Apr 8, 2024

New Delhi, April 8 (IANS) Government-owned power finance giant REC has recorded an over 6-fold jump to Rs 1,36,516 crore in loans sanctioned for renewable energy projects during 2023-24 compared to the corresponding figure of Rs 21,371…

Business

After Wistron, Tata Group eyeing Pegatron’s iPhone plant in India, claims report

Apr 8, 2024

New Delhi, April 8 (IANS) Tata Group, which acquired Taiwanese electronics manufacturer Wistron's India operations for $125 million in October last year, is now reportedly eyeing to acquire Pegatron's iPhone manufacturing facility near…

Business

RBI Governor seeks better deal for retail customers in forex market

Apr 8, 2024

Mumbai, April 8 (IANS) RBI Governor Shaktikanta Das on Monday emphasised the need to give retail customers a fair deal in foreign exchange markets that is at par with large customers. “There is a need for effective market-making and finer…

Business

Led by gains in auto stocks, Nifty soars to fresh record high

Apr 8, 2024

Mumbai, April 8 (IANS) The Nifty started a fresh week by climbing to a new record high and closing level on Monday led by gains in automobile stocks, said Deepak Jasani, Head of Retail Research at HDFC Securities.With this, the market cap…

Business

Samsung launches new smartphones under its Galaxy M series in India

Apr 8, 2024

New Delhi, April 8 (IANS) Samsung on Monday launched two new smartphones under its Galaxy M series -- M55 5G and M15 5G in India.The Galaxy M55 5G will be available on Amazon, Samsung.com and at select retail stores at a starting price of…

Business

Auto, real-estate stocks lead broad-based rally in markets

Apr 8, 2024

Mumbai, April 8 (IANS) The Nifty maintained its strength by staying above 22,500 throughout Monday, exceeding the previous all-time high of 22,619, said Rupak De, Senior Technical Analyst, LKP Securities."However, the index has reached near…

Business

At $24.5 billion, India witnesses resurgence in deals in Q1: Report

Apr 8, 2024

New Delhi, April 8 (IANS) With 469 deals worth $24.5 billion, the first quarter of this year saw an unprecedented surge in dealmaking in the country (both in volume and value terms), a report showed on Monday.The resurgence was driven by…

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