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Any recoveries made as a result of avoidance applications should go to the creditors of Dewan Housing Finance Corp and not to the successful bidderPiramal Group, the NCLAT ruled. DC Image

NCLAT asks CoC to consider 63 Moons appeal in DHFL resolution

63 Moons said the CoC has to reconsider the provision of Sec 66 of IBC, which mandates that the benefit should go to all...

28 Jan 2022 11:22 AM IST

Governments could still set whatever local corporate tax rate they want, but if companies pay lower rates in a particular country, their home governments could top up their taxes to the 15% minimum, eliminating the advantage of shifting profits.

Most Indians want tax on the rich, top firms

As high as 89 per cent of the respondents also want the government to impose fines on pvt companies that do not fulfil...

28 Jan 2022 11:18 AM IST

Large transactions included the acquisition of Jio Platforms by Facebooks subsidiary Jaadhu for $5.7 billion, the acquisition of Tower Infrastructure Trust by Brookfield and GIC Singapore for $3.7 billion and the sale of the electrical and automation division of L&T India for $2.1 billion. Representational image/DC

FDI inflow dips 26% in 2021: Unctad

The decline in FDI in 2021 was mainly because large mergers and acquisitions (M&A) deals recorded in 2020 were not...

21 Jan 2022 7:40 AM IST

While a large number of death claims continued to be reported during the first two quarters of 2021-22, the potential claims from the current omicron third wave has shown reduced severity of the disease. By arrangement

Insurers tighten rules, raise rates

Data from the IRDA of India shows the death claims from both individual and group policies combined rose by 41 per cent...

21 Jan 2022 7:32 AM IST

NCLAT has upheld the previous order of the Chandigarh bench of NCLT, which had imposed a cost of Rs 1 lakh on Liberty House citing casual approach.

NCLAT issues notices to CCI, Future Coupons on Amazon plea

The appellate tribunal admitted the petition filed by Amazon challenging the CCI order

14 Jan 2022 9:27 AM IST

Gold prices in the international market are 12 per cent lower than their record high levels of $2,072 per ounce. DC Image

Gold may brave headwinds as a risk-hedge: WGC

Inflation will remain high, partly stemming from the unprecedented monetary and fiscal policies put in place to...

14 Jan 2022 9:24 AM IST

According to a source, the appointment of Challa Sreenivasulu Setty as managing director (MD) of SBI has been cleared by the BBB, headed by former Department of Personnel and Training secretary BP Sharma, while the name of Ashwin Bhatia, MD & CEO of SBI Mutual Fund, has been kept as a standby for the same position.

SBI raises $300 mn via Formosa bonds

The bond is benchmarked against the 5-year US treasury and priced at a spread of 100 basis points over the benchmark

14 Jan 2022 9:13 AM IST

The customers are eligible for five free transactions (inclusive of financial and non-financial transactions) every month from their own bank ATMs. (Representational Image/PTI)

ATM service charges increase, to cost Rs 21 per transaction from today

Banks have been permitted to charge Rs 21, instead of Rs 20 with applicable taxes, if any, shall be additionally payable

1 Jan 2022 1:11 PM IST

RBI has advised banks and other regulated entities not to take restrictive action against customers till the fiscal end. (Photo: PTI)

RBI extends deadline for periodic KYC update till March 31

Earlier in May, the RBI had extended the last date for updation of KYC by regulated entities till December-end

30 Dec 2021 3:14 PM IST

In September 2021, a reference was sent to sector regulator TRAI, seeking recommendations for the 5G spectrum auction and various modalities such as reserve price, band plan, block size, quantum of spectrum to be auctioned, it said. (PTI Photo)

5G services to be rolled out in India's four metros, selected cities...

On 5G Test bed, it informed that the indigenous 5G test bed project funded by the DoT has reached its final stages

28 Dec 2021 11:44 AM IST

A file picture of the Mundra International Container Port. (Photo: PTI)

Container shortage eases

The pandemic had hit the manufacturing of containers in different parts of the world, aggravating the shortage

20 Dec 2021 7:25 AM IST

An elevated inflation rate is also a cause of concern for the RBI, though it has decided to accord priority to economic growth in the near future. (AA file Photo)

Over Rs 51K cr unclaimed money lies with FIs

The number of accounts not operated for more than 10 years in urban co-operative banks was 77 lakh and Rs 2,341 crore,...

15 Dec 2021 10:01 AM IST