Business

October 25, 2016 6:44 PM

Cyrus Mistry ousted as Tata chief; Ratan Tata returns

In a sudden and dramatic turn of events, Cyrus Mistry was sacked as Chairman of India's largest conglomerate Tata Group and replaced by his predecessor Ratan Tata in the interim. Mistry's family firm Shapoorji Pallonji Group, which has 18.4 per cent in Tata Sons -- the holding comp...

October 25, 2016 10:46 AM

Arun Jaitley launches SMS Alert for salaried tax payers on TDS deductions

Finance Minister Arun Jaitley said better facilities and services to the taxpayers are the key to Direct Tax Reforms. Mr Jaitley was speaking after launching the SMS Alert Service for direct taxes for about 2.5 crore private and Government salaried employees at a function in New Delhi yesterday. He ...

October 25, 2016 7:22 AM

Forensic auditor investigating debit card data breach: RBI

Reserve Bank has said a forensic auditor is investigating the debit card data breach affecting Indian banking system under Payment Card Industry Data Security Standard (PCI-DSS) framework. RBI to submit their report in 10 days.Several public and private sector banks have recalled or blocked over 32 ...

October 25, 2016 7:21 AM

Forensic auditor investigating debit card data breach: RBI

Reserve Bank has said a forensic auditor is investigating the debit card data breach affecting Indian banking system under Payment Card Industry Data Security Standard (PCI-DSS) framework. RBI to submit their report in 10 days.

October 24, 2016 9:16 PM

Better tax payer services key to direct tax reforms: Jaitley

Finance Minister Arun Jaitley today said better facilities and services to the taxpayers are the key to Direct Tax Reforms. Mr Jaitley was speaking after launching the SMS Alert Service for direct taxes for about 2.5 crore private and Government salaried employees at a function in New Delhi. He said...

October 24, 2016 8:48 PM

Cyrus Mistry ousted as Tata chief; Ratan Tata returns

In a sudden and dramatic turn of events, Cyrus Mistry was today sacked as Chairman of India's largest conglomerate Tata Group and replaced by his predecessor Ratan Tata in the interim. Mistry's family firm Shapoorji Pallonji Group, which has 18.4 per cent in Tata Sons -- the holdin...

October 24, 2016 6:21 PM

GST training gets underway at Dimapur

The Level IV Training on Goods and Services Tax (GST) got underway at Commissioner of Taxes Training Center, Dimapur, Nagaland today. Parliamentary Secretary for Taxes, Neiba Kronu, addressing the gathering, stated that the GST is now finally going to be implemented which is going to be the biggest ...

October 24, 2016 4:35 PM

Chinese yuan weakens to 6-year low against USD

Chinese yuan weakened to a six-year low against the U.S. dollar. According to the China Foreign Exchange Trade System, it was the weakest level since September 2010 as increased market expectations for an interest rate increase in the United States led to a stronger dollar. In China's spot ...

October 24, 2016 4:35 PM

Gadkari highlights India's ease of doing business in UAE

Seeking investments from the UAE in the infrastructure sector, Union Minister Nitin Gadkari pitched India as one of the world's fastest growing economies and said the ease of doing business under the present government had substantially improved. Shipping, Road Transport and Highways Minist...

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