IT to get tax relief from redefined ‘intermediary’
GST Council may stop levying tax on IT/ITeS intermediary service providers’ back office work for foreign clients. The issue had come to the fore following a decision of the Maharashtra Appellate Authority for Advance Ruling (AAAR) that had held in a ruling in February that back-office support services did not qualify as “export of service”
Jaypee homebuyers' body urges flat owners, bankers to vote for NBCC bid in insolvency process
On December 7, a committee of creditors (CoC) decided that homebuyers and lenders of Jaypee Infratech will vote on the bids of NBCC Ltd and Suraksha Realty at the same time. The voting process started on December 10 and will continue till December 16.
A health check of NBFCs shows nascent recovery
Glimmers of improvement in the sector come almost 18 months after the first default by the IL&FS Group.
How Google’s founders slowly stepped away from their company
On Tuesday, Page and Sergey Brin stepped down from day-to-day executive roles at Alphabet.
US House panel approves 2 scaled-down charges against Trump
The charges of abuse of power and obstruction of Congress, which form the Articles of Impeachment as the chargesheet against Trump is known, will be voted next week by the entire Democrat-controlled House and sent to the Republican-majority Senate to hold a formal trial against him that will be presided over by Supreme Court Chief Justice John Roberts.
Sensex jumps 428 pts, Nifty nears 12,100; UK-linked stocks rally
US and China are close to finalising a modest trade agreement that would suspend tariffs.
TCS becomes first Tata company to extend medical cover benefits to LGBT employees
Up to 50% of the cost of sex/gender reassignment surgery will be covered by insurance.
Largest equity fund investor loads up on undervalued PSU stocks, dumps insurers
The fund manager bought nearly 3 crore shares of Bharat Heavy Electricals during the month.
How India can fix its debt problem
An alternative investment fund (AIF) for our finance industry will at least rekindle sentiments.
Food or drug? Government to take a call soon
Regulatory framework may be tweaked; move aims to determine the category of a product. Given the confusing proliferation of products, the government is looking to arrive at an answer by changing the regulatory framework. Most companies prefer to position their products as health supplements under the FSSA to avoid the more onerous D&C Act regime.
Promoters place trust in new tax havens
Indian business houses are setting up family trusts in places like Malta and Dubai to keep their money safe.
Amazon Audible Suno sees a winning story
Audible Suno is a newly launched app by Amazon’s audiobook company Audible which is set to roll out an audio series across a plethora of genres, helmed by entertainers such as Amitabh Bachchan, Anurag Kashyap, Nawazuddin Siddiqui, Tabu, Neena Gupta and Vir Das. The app is free and comes without ads for now unlike its parent’s subscription.
Share market update: Consumer Durables shares trade higher; TTK Prestige rises 1%
The S&P BSE Consumer Durables index was trading 0.09 per cent up at 25065.46 .
CIL in talks with Russian company for extraction, import of coking coal
VostokCoal-Diskon is developing coal extraction facilities at the Taimyr coal basin of Taymyr Peninsula in central Siberia. It has been exploring the area since 2016 and has recently opened two deposits that would touch peak capacity of 30 million tonnes a year. VostokCoal will build a coal terminal and create a specialised fleet for exporting coal round the year.
NSE puts eight companies under surveillance
The exchange would levy minimum margin of 35 per cent on the respective shares, including on stocks in derivatives segment.
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