Higher taxes for foreign investors from April 1

Mumbai, March 23 (IANS): Changes in the SEBI listing and prevention of insider-trading regulations, revisions in the double-taxation avoidance agreements (DTAAs) with Mauritius and Singapore are set to come into effect from April 1. The changes in DTAAs give India the right to tax capital gains arising on Indian equity shares sold by a Singapore or […]

Tata Motors to hike car prices by up to Rs 25,000

Mumbai, March 23 (IANS): Automobile major Tata Motors will increase prices of its passenger vehicles range by up to Rs 25,000 starting April 2019. The company said in a statement on Saturday that the prices will be hiked due to rising input costs and external economic conditions. According to Mayank Pareek, President, Passenger Vehicle Business Unit, […]

Karnataka open for talks with Uber rival Ola over ban

Karnataka open for talks with Uber rival Ola over ban

An employee speaks over his phone as he sits at the front desk inside the office of Ola cab service in Gurugram, previously known as Gurgaon, on the outskirts of New Delhi on April 20, 2016. (REUTERS File Photo) BENGALURU, March 23 (Reuters): Karnataka kept the door open on Saturday to talks with local ride-hailing […]

India’s Reliance says not breaching U.S. sanctions against Venezuela

India’s Reliance says not breaching U.S. sanctions against Venezuela

A bird flies past a Reliance Industries logo installed on its mart in Ahmedabad on January 16, 2017. (REUTERS File Photo) NEW DELHI, March 23 (Reuters): India’s Reliance Industries, operator of the world’s largest oil refining complex, on Friday said in a statement it was not breaching U.S. sanctions against Venezuela. The company said its […]

SpiceJet gains 26% in 4 days as Jet struggles

SpiceJet gains 26% in 4 days as Jet struggles

SpiceJet. (Photo: Twitter/@flyspicejet) Mumbai, March 22 (IANS): As problems in cash strapped Jet Airways deepens, investors are favouring stocks of its competitors — SpiceJet and IndiGo — betting that they will have a larger market share. Accordingly, stocks of SpiceJet rose over 14 per cent on Friday and have been rising for the last four sessions […]

HC seeks EaseMyTrip response on MakeMyTrip plea

HC seeks EaseMyTrip response on MakeMyTrip plea

Delhi High Court. (File Photo: IANS) New Delhi, March 22 (IANS): The Delhi High Court has asked EaseMyTrip (EMT) to file a response to a MakeMyTrip (MMT) plea alleging that EaseMyTrip has bought ad-word from Google for a keyword ‘makemytrip’ on its search engine. Justice Manmohan sought a response from EaseMyTrip. EMT has been accused of […]

Garuda Indonesia axes Boeing 737 Max 8 order

Garuda Indonesia axes Boeing 737 Max 8 order

Boeing 737-MAX. (File Photo: Boeing) Jakarta, March 22 (IANS): Garuda Indonesia, the country’s flag carrier, announced on Friday that it was cancelling an order for 49 Boeing 737 Max 8 passenger jets after two planes of the same model crashed in a span of five months. “Our passengers have lost confidence to fly with the […]

Lenders to take over Jet Airways: Ministry sources

Lenders to take over Jet Airways: Ministry sources

Jet Airways. (File Photo: Jet Airways) New Delhi, March 22 (IANS): Lenders of cash-strapped Jet Airways are in the process of securing “substantial stake” in the ailing airline to try and revive it to a manageable state before selling it to new promoters, a senior Finance Ministry source said on Friday. “Only after securing substantial stake […]

Sterling Biotech case: Hitesh Patel held in Albania

Sterling Biotech case: Hitesh Patel held in Albania

Enforcement Directorate. (Photo: Twitter/@dir_ed) New Delhi, March 22 (IANS): Fugitive businessman Hitesh Narender Bhai Patel, an accused in the Rs 8,100 crore alleged bank loan fraud by the Gujarat-based Sterling Biotech group, has been detained in Albania and is expected to be extradited to India soon, the Enforcement Directorate (ED) said on Friday. Patel, wanted by […]

Petrol price down 7 paise, diesel dips 8 paise

New Delhi, March 21 (IANS): Petrol prices declined by 7 paise across the metropolitan cities on Thursday after remaining unchanged for the last two days, data from the Indian Oil Corp’s website showed. In the national capital, petrol was priced at Rs 72.71 per litre, down from Rs 72.78 on Wednesday. In Kolkata, Mumbai and Chennai, […]

Samsung 5G phone to hit the market on April 5

Seoul, March 21 (IANS): Samsung on Thursday said it will release its first 5G smartphone in the first week of April in South Korea, making it the world’s first mobile device with the next-generation network capability. The South Korean tech giant said Galaxy S10’s 5G model will go on sale on April 5, without a pre-order […]

IndiGo launches Delhi-Istanbul flight; plans for wider global expansion

Istanbul, March 21 (PTI): India’s budget carrier IndiGo has launched its flight on the Delhi-Istanbul sector and announced to use its expanding fleet of A320neo and A321neo aircraft to connect more Indian cities to countries such as China, Vietnam, England, Myanmar and Saudi Arabia. William Boulter, Chief Commercial Officer of IndiGo said Wednesday here, “We are […]

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