Cash-strapped Kingfisher Airlines has to pay Rs 40 crore dues in indirect taxes by March 31, Central Baord of Excise and Customs (CBEC) Chairman S K Goel said today. “Kingfisher had an outstanding (service) tax dues of Rs 70 crore and the company had promised to pay in installments,” Goel said on the sidelines of [...]
The BSE benchmark index Sensex today fell from seven-month high levels losing 283 points on profit-booking mainly in realty, banking and oil and gas stocks. The 30-share barometer, which had gained 275 points in last two trading sessions to touch a seven-month high, fell by 283.36 points, or 1.54 per cent to 18,145.25 points. Similarly, [...]
Gold rose by Rs 350 to Rs 28,740 per 10 grams in the bullion market here today on buying by stockists and jewellery makers to meet the marriage season demand amid sharp rally in global markets. Silver also gained Rs 800 to Rs 57,400 per kg on increased offtake on rising industrial demand. Traders said [...]
The Reserve Bank will shortly issue banknotes of Rs 10 denomination with inset letter ‘R’ in the Mahatma Gandhi series. “The RBI will shortly issue Rs 1,000 denomination banknotes with inset letter ‘R’, in the Mahatma Gandhi Series bearing the signature of D Subbarao, Governor, RBI, and the year of printing on the reverse of [...]
Virtually dumping its partner Unitech, Norwegian telecom major Telenor Group today announced plans to set up a new company for carrying out its Indian operations post Supreme Court quashing its 22 licenses. Telenor also sought damages from Unitech accusing it of “fraud and misrepresentation” of facts based on which it had invested over Rs 6,000 [...]
Salaried employees earning up to Rs 5 lakh a year will not be required to file income tax returns from this year, says a Finance Ministry notification. There are about 85 lakh salaried persons in the country whose yearly income, including earnings from other sources like bank deposits, does not exceed Rs 5 lakh. “An [...]
Tata Nano will soon roll out in Bangladesh with its sole distributor here saying that the first consignment of the vehicles could be on the streets by next month. “Fortunately Nano has been made for the middle income people who want to have a car at a reasonable price (and) I think Bangladesh is the [...]
The BSE benchmark index Sensex today climbed to a seven-month high by adding 139 points on fund-based buying in bluechip, led by Reliance Industries, amid a firming global trend. The 30-share barometer, which had gained 135.36 points on Friday, added another 139.26 points, or 0.76 per cent to 18,428.61, touching the level last seen on [...]
Employees in India are likely to get this year a salary increase of 11.9 per cent, putting the country on the top for tenth year in a row in terms of pay hikes within the Asia Pacific region, a survey showed today. As per the survey conducted by global human resources consulting and outsourcing firm [...]
Both the precious metals, gold and silver, rebounded today on buying by stockists and jewellers for the ongoing marriage season demand amid firming global trend. While gold rose by Rs 160 to Rs 28,390 per 10 grams, silver shot up by Rs 600 to Rs 56,600 per kg on increased offtake from jewellers and industrial [...]
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