Company

Finance Minister Nirmala Sitharaman has discussed with the Financial Sector and Capital Markets' stakeholders issues relating to the banks, NBFCs, and Alternative Investment Funds (AIFs) among others during a Pre-Budget Consultations Meeting in New Delhi.

The Cabinet has approved the ratification of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI), said the Finance Ministry on 12 June 2019.

The Reserve Bank of India (RBI) has issued a revised framework for resolving stressed assets by offering lenders a 30-day period to label an account of a Non-Performing Asset (NPA).

Wipro Limited has announced the appointment of Rishad Premji as Chief Strategy Officer and Member of the Board, taking over as the Executive Chairman of the company Azim Premji, who retires on 30 July 2019.

Wipro Limited has signed a definitive agreement to acquire Milford, Ohio-based International TechneGroup Incorporated (ITI), a global digital engineering and manufacturing solutions company.

The Indian Government has issued instruction that all accounts exceeding Rs.50 crore, if classified as Non-Performing Assets (NPAs), be examined by banks from the angle of possible fraud.

Recently, the Chandigarh Bench of the Income Tax Appellate Tribunal (Tribunal) upheld1the denial of registration under section 12AA2of the Income Tax Act, 1961 (ITA) to M/s Jiwan Dass Kartar Singh Charitable Trust (Trust) which was acting as a franchisee of...

Mumbai’s Eight Capital and Emso Asset Management, a London and New York based emerging markets fixed income asset manager, have acquired Ambit Capital's stake in Ambit Flowers Asset Reconstruction Company.

Indian corporates need to focus on internal talent mobility and quality of resources rather than quantity only, said Ranjan Kumar Mohapatra, Director - HR, Indian Oil Corporation Ltd, underlining the importance of manpower.

The Confederation of Indian Industry (CII) called for lowering corporate tax rates, maintaining the peak rate of customs duty, kickstarting Government expenditure, and rationalising TDS as well as dispute resolution provisions.