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
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
Indian equity benchmarks rose nearly 2 per cent on Thursday, capping a truncated trading week with their strongest weekly performance in over four years. The rally was sparked by renewed risk-on sentiment following progress in trade negotiations and expanded tariff
Gold prices rose by Rs 70 to hit yet another record high of Rs 98,170 per 10 grams in the national capital on Thursday amid firm global demand, according to the All India Sarafa Association. Photograph:Heinz-Peter Bader/Reuters On Wednesday, the
An Indian official team is likely to visit Washington next week to iron out differences on certain issues before formally launching negotiations for the proposed India-US bilateral trade agreement (BTA), an official said. Photograph: Mike Blake/Reuters The visit, which comes
India’s second-largest IT company Infosys on Thursday reported an 11.7 per cent decline in consolidated net profit to Rs 7,033 crore for the March quarter. It had posted a profit (attributable to owners of the company) of Rs 7,969 crore
Dubai is positioning itself as a springboard for Indian companies looking to tap into fast-growing emerging markets, including Africa, banking on low tariffs, long-standing trade relations, and a shared vision for regional economic growth, said Mohammad Ali Rashid Lootah, president
Gensol Engineering’s promoters treated the listed company as a proprietary firm, diverting corporate funds to buy a high-end apartment in The Camellias, DLF Gurgaon, splurging on a luxury golf set, paying off credit cards, and transferring money to close relatives,
