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Home  Business

Business

Tax department is not into snooping on social media accounts of taxpayers, say I-T sources

Tax department is not into snooping on social media accounts of taxpayers, say I-T sources

  • Editorial: Indian Roads, of flawed designs and fatalities

    A strong legislation that makes tougher penalties for not only traffic rule violators but also road designers and engineers is necessary to control the growing indiscipline on India’s roads
  • Zomato is now ‘Eternal’

    The shareholders of Zomato have approved a special resolution to rename the firm ‘Eternal’. The brand name of the company’s food delivery business Zomato will remain the same, along with the app
  • Ola stocks tumble on reports of raids, regulatory issues

    Since the beginning of 2025, Ola Electric’s stock has declined by 36 per cent and currently trades over 60 per cent below its peak since its listing in August
  • India can become global hub for submarine telecom cable network

    The country currently hosts around 17 international subsea cables across 14 distinct landing stations located in Mumbai, Chennai, Cochin, Tuticorin and Trivandrum
  • Rupee slips 30 paise to 87.25 against US Dollar amid trade uncertainty, foreign fund outflows

    A lackluster domestic equity market and continuous foreign fund outflows exerted pressure on the local currency. However, easing crude oil prices provided some support, according to forex traders. At the interbank foreign exchange, the rupee opened weaker at 87.24 amid high volatility, hitting a low of 87.34 before stabilizing at 87.25 against the US dollar in early trade, marking a 30-paise decline from its previous close.
  • Goods and Services Tax rates to be reduced further: FM Nirmala Sitharaman

    FM Sitharaman mentioned that the revenue neutral rate (RNR), which was 15.8 per cent when GST was introduced in July 2017, has now come down to 11.4 per cent in 2023 and will decrease further
  • Fresh trouble for SpiceJet as 3 aircraft lessors, former pilot file insolvency pleas

    Three lessors - NGF Alpha, NGF Genesis and NGF Charlie- have filed petitions under Section 9 of IBC, seeking initiation of insolvency proceedings against SpiceJet claiming dues totalling USD 12.68 million
  • India, Ireland to set up Joint Economic Commission to boost trade ties 

    India's External Affairs Minister S Jaishankar's visit to Ireland is the first high-level political visit from India since the visit of Prime Minister Narendra Modi in 2015
  • IIT, Hyderabad, joins hands with Coal India to develop clean coal tech

    CIL has green-flagged a grant of Rs 98 cr to IITH for a duration of five years for setting up Centre of Excellence on the institute’s campus
  • Soon you can withdraw PF amount directly from ATMs

    The government plans to launch EPFO 3.0 app by May or June this year which will offer banking-like convenience along with several digital features to make transactions easier
  • New Income Tax Bill serious threat to digital privacy: KT Rama Rao

    BRS working president demands answers from Prime Minister Modi and Finance Minister Nirmala Sitharaman on the sweeping powers being granted to I-T officials under the new Bill
  • 100 per cent tariffs consistent with WTO norms: Nirmala Sitharaman

    When you are at a stage of development when your own industry has to grow, you will tend to make sure that, as per the WTO norms, whatever is the trade tariff which you can levy... you will levy, says Union Finance Minister
  • Sebi board members will have to reveal conflict of interest, says Chairman Tuhin Kanta Pandey

    US-based short seller Hindenberg had made allegations against Pandey’s predecessor Madhabi Puri Buch circling around potential conflicts of interest based on whistleblower documents
  • Indian tech startup ecosystem now ranks second, after US

    India is home to over 7,000 active women-led startups, accounting for 7.5 per cent of all active startups in the country.
  • IndiGo ranked world’s second fastest growing airline in seat capacity

    India's largest airline has been ranked next only to Qatar Airways, which clocked a 10.4 per cent growth in seat capacity over the previous year, according to the latest data from the Official Airline Guide (OAG)
  • L&T becomes first major corporate house to announce one-day paid menstrual leave

    Company’s chairman and managing director S N Subrahmanyan recently faced flak for comments asking employees to put in 90-hours a week and not keep staring at their wives
  • Opinion: India’s rising jobs, stagnant wages. What we are missing

    Enhancing technical skill sets of the working population will provide them with better bargaining power
  • Editorial: India caught in middle-income trap

    If India has to emerge as a high-income nation — the much-touted ‘Viksit Bharat’ status —, per capita income should touch $14,000
  • Air India launches ‘ZipAhead’ priority check-in and handling service for economy class passengers

    The service is currently available for departures from six Indian airports -- Hyderabad, Delhi, Mumbai, Chennai, Bengaluru, and Kolkata
  • Sebi warns public against buying properties of Sunshine Global Agro

    The cautionary statement comes after Sebi discovered that some individuals or entities are illegally purchasing, encroaching/trespassing the properties of the company
  • India imports oil worth 112 bn euro from Russia

    India, according to CREA, bought fossil fuels worth EUR 205.84 billion from Russia from the beginning of the war until March 2, 2025
  • Reliance Retail slashing jobs to boost valuations as it readies for IPO

    The company is also limiting the presence of its physical stores, slashing marketing budgets and merging Reliance Brands Ltd, with its umbrella retail entity, according to report
  • Castrol India stock zooms over 13 per cent as Aramco explores buying BP’s lubricant division

    As part of a significant restructuring effort, BP (formerly the British Petroleum) has initiated a strategic evaluation of its Castrol lubricants division, stating that it could have a valuation of nearly $10 billion
  • 2025 presents promising outlook for silver: Report

    The long-term outlook for silver remains strong due to its increasing industrial usage. The precious metal is a key component in electronic devices, circuit boards, solar panels, and EV batteries
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