Month: June 2015

Kolkata-headquartered ITC has snapped up 38 apartments in Crescent Bay, located in Parel, central Mumbai, for close to Rs 140 crore. The purchase comes as a bit of a surprise given most companies prefer to lease apartments rather than buy Read More

Distribution companies of the Rajasthan State Electricity Board (RSEB), which together have a total debt of Rs 55,000-60,000 crore, are looking to restructure a part of the borrowings while refinancing the rest, Sanjay Malhotra, the state’s principal secretary for energy Read More

Union Minister of State for Power and Coal (independent charge) Piyush Goyal today said here that all the coal blocks in the country will become operational in the next couple of months. “Soon after the (fresh) auction was over, I Read More

Crisp fish fry with chips at Rs 25, mouth watering mutton curry for Rs 20, mutton cutlet for Rs 18, a crunchy masala dosa for Rs 6 and boiled vegetables for as little as Rs 5. The rates can make Read More

The Income Tax department has notified the new set of ITR forms, including a three-page simplified one, for taxpayers to file their returns for assessment year 2015-16. With the Finance Ministry publishing the gazette order yesterday, taxpayers and other entities Read More

The World Bank said it will provide US dollar 500 million to Nepal to support the massive reconstruction efforts of the quake-ravaged nation, days ahead of an international donor conference here. “We are working with the Government of Nepal and Read More

The penalty in cases of customs duty fraud has been reduced by 10 per cent by the Finance Ministry. Section 28 of the Customs Act, 1962, has been amended and now the amount of penalty payable in cases involving fraud, Read More

Telangana’s new industrial policy has started yielding results with 17 companies coming forward to set up their units with an investment of Rs 1,500 crore. The state government has given all approvals to the investment proposals within 10 days against Read More

Promising that the Centre will go “all out” to support Bihar in a “big way”, Finance Minister Arun Jaitley today said the government is likely to announce projects and schemes in a few weeks time to assist the resource-rich state. Read More

Eurogroup President Jeroen Dijsselbloem has said the new proposals from the Greek government which came in early on Monday were “a positive step” in the process and that it was possible to reach a deal within the week. “New proposal Read More