New Delhi (IANS) Experts have pointed out that the provision providing for concessional income tax rate of 5 per cent on debt return for foreign portfolio investors (FPIs) has been inadvertently omitted. Sunil Badala, Partner and Head (financial services, tax) at … read more
Mumbai (IANS) Primary steel producers are expected to reduce debt by 15%, or Rs 35,000 crore, between fiscals 2021 and 2022, using the higher operating profits generated for prepayment, ratings agency Crisil said on Tuesday. According to a report based on … read more
New Delhi (IANS) The year 2021 is extremely critical for Kia in India as the automobile manufacturer expects a more conducive business environment fuelled by recovery from the Covid-19 pandemic. In a conversation with IANS, Kia Motors India’s Executive Director and … read more
New Delhi (IANS) India’s fund houses do not cross the threshold set by SEBI directive on restricting their exposure to additional AT1 and AT2 bonds, a Crisil analysis of February 2021 MF portfolios showed. Recently, SEBI restricted the exposure of mutual … read more
New Delhi (IANS) The Federation of Indian Chambers of Commerce & Industry (FICCI) and Boston Consulting Group (BCG) on Saturday unveiled ‘India FinTech: A USD 100 Billion Opportunity’ report. The report details the findings from the study that BCG and FICCI … read more
New Delhi (IANS) The industrial output in India declined in January, led by a slump in manufacturing and mining activities. Data released by the Ministry of Statistics and Programme Implementation on Friday showed that the Index of Industrial Production (IIP) for … read more
New Delhi (IANS) SpiceJet promoters backed SpiceHealth has extended the RT-PCR test at Rs 499 to the general public. The company claimed that its test’s cost is the cheapest available in the market. Till now, the company has been working … read more
New Delhi (IANS) The Ministry of Mines has recently issued the National Non-Ferrous Metal Scrap Recycling Framework, 2020 covering key non-ferrous metals like Aluminium, Copper, Zinc and Lead. The framework has been released with an objective to promote formal and well-organised … read more
New Delhi (IANS) JioBusiness has introduced an integrated offering for micro, small and medium businesses (MSMBs). This is based on the three key pillars of Enterprise-Grade Fiber Connectivity that offers voice and data services, Digital Solutions that help enterprises manage and … read more
New Delhi (IANS) As the demand scenario improves and economic activities gather momentum, a FICCI survey shows that confidence among Indian businesses and entrepreneurs is significantly high and the business confidence index is at a decadal high. The Overall Business Confidence … read more