The department of telecommunications (DoT) is "working on" a proposal for merger of cash-strapped BSNL and MTNL, as part of efforts to revive the ailing state-owned telecom firms, a source said.
The Comptroller and Auditor General of India (CAG) has recommended that the income-tax department reexamine all cases where agricultural income exceeds a certain threshold - say Rs 10 lakh - to ensure that exemption is allowed only to genuine taxpayers. CAG found that agricultural income of nearly Rs 500 crore was allowed as exempt without adequate verification.
The RBI on Tuesday relaxed end-use restrictions on external commercial borrowings (ECBs) for companies and non-bank lenders. Borrowings up to seven years can be availed by non-banking finance companies for on-lending. Corporates can also raise seven-year funds for capital expenditure. Both these borrowings were not permitted earlier.
A sharp spike in short-term loans to continue funding his business expansion over the past 12 months may have cost VG Siddhartha significantly, as the overall liquidity crunch in the financial system after the IL&FS crisis made it tough to get additional loans. Besides, failure of pushing through the sale of a real estate holding could have helped ease his situation.
IndiGo has started a 5-day 13th anniversary sale where 10 lakh seats are being offered at fares starting from Rs 999 on domestic and Rs 3,499 on international routes. The sale is on from Wednesday to Sunday (August 4) and is for travel between August 15, 2019 to March 31, 2020.
In a relief to homeowners, the National Company Law Appellate Tribunal (NCLAT) paved the way on Tuesday for the third round of bidding for beleaguered Jaypee Infratech. It allowed the resolution process to be finished in 90 days which will include a 45-day window for the resolution professional and lenders of the debt-ridden firm to invite fresh bids.
"I could not take any more pressure..." These lines from the letter that founder VG Siddhartha wrote to Cafe Coffee Day employees before going missing highlights the plight of leaders in today's stressful world. Although organisations have begun taking initiatives to help employees manage stress levels, it's very lonely at the top.
IndiGo cofounder stands by the issues he has taken up with Sebi, other regulatory authorities.
The symptoms of ADHD include lack of focus, hyperness and impulsive behaviour.
Amazon.com Inc is planning a foray into the online food delivery business in India this year, sources aware of the development said, in a move that could raise competition in an increasingly crowded market. Amazon is aiming to launch the new service ahead of India's month-long festive season, which starts in September, one of the sources said.
VG Siddhartha, founder of the country's largest coffee chain Cafe Coffee Day (CCD) has been missing since Monday night. Siddhartha is the son-in-law of former Karnataka chief minister SM Krishna. He is married to Krishna’s first daughter and has two children.
Shares of Coffee Day Enterprises tanked as much as 20 per cent after its chairman and managing director VG Siddhartha went missing. The stock has touched a 52-week low of Rs 154.05.
The shadow banking crisis that began to unfold in India during mid-2018 has deepened this year. The liquidity crunch in non-bank financing, higher insurance costs and rises in taxation have increased the pressure on the car sector with monthly sales falling by 17-20%. SBI has tightened lending terms dramatically for auto dealerships to reduce its exposure to risk.
Days after the Supreme Court entrusted NBCC with completing Amrapali projects, the PSU will take up Unitech's 74 projects affecting 17,000 buyers, with the court concluding the realtor is incapable of fulfilling its commitment. Unitech's MD Sanjay Chandra has been in jail since August 2017 for failing to hand over possession of flats.
Marketers are going bananas over the Rahul Bose vs JW Marriott episode, in which the actor was charged Rs 442 for a pair of the yellow fruit at the hotel.
Flipkart has launched its first furniture experience centre in Bengaluru, marking the Walmart-backed e-tailer's foray into the brick-and-mortar space. The company will launch two more outlets in the same city and will subsequently expand into others. Flipkart is showcasing furniture from about nine brands.
Acquiring land is likely to be a major constraint.
This interesting accessory is making the bangles so special and trendy.
"This is the kind of historical fiction that I find personally very appealing," writes author Jaishree Misra. Read this book review by her!
Almost everyone you come across has a ‘miracle cure’ for skin issues that their grandmother handed down, or that they came across on the internet. Trouble is, no matter how outrageous the hack, if you have an army of acquaintances or influencers extolling its virtues, the temptation to follow it is strong.
According to a study conducted by Australian researchers, there is actually quite a lot of health benefits of this sensuous act.
A huge chunk of people all over the world is suffering from these problems just because they do not clean their mouth properly.
Protein is the new buzzword. High protein diet, protein supplement, low carb-high protein – these are some of the popular trends these days. But how much protein does one really need? Well, there is no magic number.
The video-sharing platform YouTube is striving to block those who would use it to promote racism, hate speech, violence and disinformation, its number two executive has told AFP, as the Google-owned company comes under increasing scrutiny.
Udaan, an online marketplace that supplies products and gives loans to small merchants, is in talks to raise a new round of funding of around $500 million. This will be at a post-money valuation of close to $2.7 billion, as business-to-business (B2B) startups continue to be high on investors’ radar.
A source close to Rahul Bhatia said the IGE group had invested Rs 1,100 crore in the business, while the earlier requirement was of Rs 200 crore.
Cloves, also known as laung in Hindi, is a common spice that can easily be found in every Indian kitchen.
Perhaps so that they have their right, more dexterous hand free...
Sara set the ramp on fire.
'Animalia Indica' is a cleverly named book filled with animal tales from India.
If monsoon has wreaked havoc on your tresses, here’s a haircare guide to fight back
Keep reading to find out who is the real winner.
IndiGo's Chief Commercial Officer William Boulter told that the airline has received clearances from the Vietnamese authorities.
Thanks to our growing online social life, pictures become our best tool to catch a person's attention. A study finds how it can help a person get noticed.
The Society of Manufacturers of Electric Vehicles (SMEV) on Saturday welcomed the reduction of GST on electric vehicles to 5 per cent, saying it is in line with the government's steps to promote eco-friendly mobility, even as it sought a similar cut in spare batteries. SMEV director general Sohinder Gill said with the reduction in GST, the gap between prices of EVs and internal combustion engine vehicles will also be reduced and will thus play a part in faster adoption of electric mobility.
The GST Council on Saturday decided to reduce GST rate on electrical vehicles (EVs) from 12 per cent to 5 per cent and on EV chargers from 18 per cent to 5 per cent from August 1, 2019.
An expert’s guide to hair care during the rains
Here are some quotes that will teach you how to approach life, behave with your loved ones..and your enemies.
Lack of proper training, unsupervised maintenance and the airline not adhering to “basic maintenance practices” led to a young SpiceJet technician losing his life while servicing an aircraft at Kolkata airport in the early hours of July 9. The Directorate General of Civil Aviation (DGCA) has completed its probe into the accident that claimed life of 22-year-old technician Rohit Pandey when he got stuck in the Bombardier Q400’s main landing gear door.
Craving for food reaches an all-time high and our immunity takes a huge dip.
Kareena Kapoor looked sensational!
From 'kittenfishing' to 'tindstagramming', here are some creepy dating trends you need to know.
If you have been struggling to get your little one to sleep through the night, here are certain tips that may come handy.
Bhatia & Gangwal could sell their shares to any suitor; AoA needs to be tweaked to reflect expiry of agreement: Experts