The revised guidelines are aimed at curbing discretionary practices by field officers, especially the tendency to seek documents not mandated under the law. The Central Board of Indirect Taxes and Customs (CBIC) issued a comprehensive set of instructions on
ICICI Bank Q4 Results Highlights: Private lender ICICI Bank reported a 13.2% year-on-year increase in profit before tax excluding treasury, reaching ₹16,534 crore for the quarter ended March 31, 2025 (Q4 FY25). Source link
Oil prices settled more than 3% higher on Thursday, supported by hopes for a trade deal between the United States and the European Union and new U.S. sanctions to curb Iranian oil exports, which continued to elevate supply concerns. Brent
Companies may foot less of the tax bill for some time yet. The corporate share of net direct tax collections has been lower in 2024-25 than in previous years. The corporate segment accounted for 45.6 per cent of total net
These cases are being reopened under Section 147 of the Income Tax Act, which empowers the department to reassess income if it believes that taxable income has escaped assessment. The income tax (I-T) department has begun reopening hundreds of old
India’s second largest IT company Infosys’ board has approved the grant of stock incentives or Employee Stock Option Plans (ESOPs) worth over Rs 51 crore to CEO and MD Salil Parekh. Photograph: ANI Photo These stock incentives are under various
India’s forex reserves increased by $1.57 billion to $677.83 billion for the week ended April 11, the Reserve Bank said on Friday. Illustration: Dado Ruvic/Reuters This is the sixth consecutive week of a rise in the kitty. The overall reserves
State-owned Life Insurance Corporation of India (LIC) on Thursday (April 18) said the central government has appointed Dr Parshant Kumar Goyal, Joint Secretary at the Department of Financial Services, as the Government Nominee Director on the board, effective immediately. The
Reliance Industries Q4 Result: Billionaire industrialist Mukesh Ambani-led Reliance Industries announced on Friday, April 18, that it will declare its January-March quarter results for fiscal 2024-25 (Q4FY25) on April 25. Reliance Industries Q3 Results Reliance Industries Ltd (RIL), the billionaire
Trump’s tariffs, falling shrimp prices, and fears of additional US levies, spark a crisis in Andhra Pradesh’s politically vital aquaculture sector. Kindly note the images in this report have only been published for representational purposes. Photograph: Kind courtesy medoa7164/Pixabay Since
