Business News
Clues by Admin • 15 Nov 2018, Thursday
Direct tax collection has already crossed Rs 5 lakh crore and will exceed the budgeted target of Rs 11.5 crore set for the current fiscal, CBDT Chairman Sushil Chandra said Wednesday. He further said that so far the I-T department has issued ... Continue Reading
Read More at Times Now
Clues by Admin • 15 Nov 2018, Thursday
A day after Binny Bansal stepped down as Group CEO following personal misconduct allegations, various team heads at Flipkart are extensively engaging with staff to address their concerns and queries related to business and operations. However, an independent investigation conducted ... Continue Reading
Read More at Times Now
Clues by Admin • 15 Nov 2018, Thursday
The Central Board of Direct Taxation (CBDT), is evaluating a proposal that might reward honest and consistent taxpayers by giving them a priority in availing public services such as airports, railway stations, highway toll plazas, and tax-related works, a tax ... Continue Reading
Read More at Times Now
Clues by Admin • 15 Nov 2018, Thursday
Levi Strauss & Co., the global US jeans maker, may soon come out with an initial public offering (IPO) in the first quarter of 2019 to raise $600 million to $800 million, CNBC reported. The company is aiming for a valuation of more ... Continue Reading
Read More at Livemint
Clues by Admin • 15 Nov 2018, Thursday
Country’s largest telecom operator by subscribers and revenue, Vodafone Idea Ltd posted losses of Rs 4,974 crore for the quarter ended September 2018, its first quarterly results since merger. Revenue from operations was Rs 7,664 crore. The company is looking to ... Continue Reading
Read More at Livemint
Clues by Admin • 15 Nov 2018, Thursday
Ashok Chawla, chairman of Yes Bank Ltd, stepped down from the board on Wednesday after being named in a corruption chargesheet by the Central Bureau of Investigation (CBI) related to the Aircel-Maxis case. Chawla cited personal reasons behind the resignation. ... Continue Reading
Read More at Livemint
Clues by Admin • 9 Nov 2018, Friday
The government is asking the RBI to hand over a part of its surplus reserves for better utilisation, an official told reporters in New Delhi. The matter is expected to be taken up for discussion again at RBI’s ... Continue Reading
Read More at Livemint
Clues by Admin • 9 Nov 2018, Friday
Reputed Fund manager Nilesh Shah noted that filing income tax returns in India is much simpler than filing in the United States.. His comments come on the back of India’s made rapid progress in the World Bank’... Continue Reading
Read More at The Financial Express
Clues by Admin • 9 Nov 2018, Friday
Swedish furniture giant Ikea is planning to hire 10,000, both direct and indirect, in Maharashtra over the next two to three years, a senior company executive has said. The company is preparing to open its second store in Navi Mumbai by ... Continue Reading
Read More at Livemint
Clues by Admin • 9 Nov 2018, Friday
Stocks of domestic sugar manufacturing companies like Dhampur Sugar Mills Ltd, Balrampur Chini Mills Ltd, Shakthi Sugars, Ugar Sugar Works Ltd, among others, got a boost and rose up to 7% on Friday following the government’s recent announcement that ... Continue Reading
Read More at The Financial Express
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The Noisy News
  • Business News

    Yes Bank chairman Ashok Chawla resigns over corruption charges

    Ashok Chawla, chairman of Yes Bank Ltd, stepped down from the board on Wednesday after being named in a corruption chargesheet by the Central Bureau of Investigation (CBI) related to the Aircel-Maxis case. Chawla cited personal reasons behind the resignation. He is also the Chairman of the National Stock Exchange of India Ltd. “The bank shall in due course announce the appointment of a chairman, post RBI’s approval,” Yes Bank said. Yes Bank is already trying to find a replacement for CEO Rana Kapoor, whose term has been cut short by RBI.

  • Business News

    Vodafone Idea posts quarterly loss, says to raise Rs 25,000 crore

    Country’s largest telecom operator by subscribers and revenue, Vodafone Idea Ltd posted losses of Rs 4,974 crore for the quarter ended September 2018, its first quarterly results since merger. Revenue from operations was Rs 7,664 crore. The company is looking to raise Rs 25,000 crore capital in which promoters Vodafone Group will chip in Rs11,000 crore and Aditya Birla Group Rs7,250 crore.

  • Business News

    Levi Strauss seeks to raise up to $800 million in IPO: Report

    Levi Strauss & Co., the global US jeans maker, may soon come out with an initial public offering (IPO) in the first quarter of 2019 to raise $600 million to $800 million, CNBC reported. The company is aiming for a valuation of more than $5 billion, according to the report and is working with Goldman Sachs Group Inc. and JPMorgan Chase & Co. on its IPO plans. Today, the company, which is closely held by descendants of the family of Levi Strauss, sells its apparel across the globe and reported 2017 sales of $4.9 billion.

  • Business News

    CBDT may soon reward honest tax payers!

    The Central Board of Direct Taxation (CBDT), is evaluating a proposal that might reward honest and consistent taxpayers by giving them a priority in availing public services such as airports, railway stations, highway toll plazas, and tax-related works, a tax official told. CBDT even formed a committee to look into the matter. Prime Minister Narendra Modi, during a conference with senior tax officers last year, had urged the department to enhance the taxpayer services and ensure that the honest taxpayers were given due importance. 
     

  • Business News

    Direct tax collections to exceed target in FY19, says CBDT Chairman Sushil Chandra

    Direct tax collection has already crossed Rs 5 lakh crore and will exceed the budgeted target of Rs 11.5 crore set for the current fiscal, CBDT Chairman Sushil Chandra said Wednesday. He further said that so far the I-T department has issued refunds to 2.15 crore assessees amounting to Rs 1.15 lakh crore. This year so far 6.02 crore ITRs have been filed with the Income Tax Department. The number of direct taxpayers was 3.8 crore when the Modi-led government took office in May 2014.

  • Business News

    Flipkart seeks to soothe employee nerves after Binny Bansal's exit

    A day after Binny Bansal stepped down as Group CEO following personal misconduct allegations, various team heads at Flipkart are extensively engaging with staff to address their concerns and queries related to business and operations. However, an independent investigation conducted against Bansal following allegations of "serious personal misconduct” did not find evidence to corroborate the allegations. The investigation was set up after Walmart was approached in July this year by the complainant, a former associate engaged with Flipkart. Walmart had picked up 77% stake in the Bengaluru-based firm for $16 billion.

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