No TDS on transfer of assets from Air India to SPV

New Delhi (IANS) In a bid to further sweeten the Air India sale offer, the government has decided to waive taxes on the transfer of assets from the national carrier to Air India Assets Holding Limited, a special purpose vehicle (SPV).

"The…

Wipro Chairman announces return to office from Monday

Bengaluru (IANS) Wipro Chairman Rishad Premji took to social media on Sunday to announce the resumption of work at company offices after 18 months due to the Covid-19 situation.

"After 18 long months, our leaders are coming back to the office…

Jet Airways to start domestic ops from Q1CY22

New Delh (IANS) Jet Airways is all set to resume domestic operations from Q1 of 2022, said Jalan Kalrock Consortium, the successful resolution applicant of the airline.

Accordingly, the existing Air Operator Certificate (AOC) is under process…

India's Aug retail inflation eases to 5.30% as food prices cool-off

New Delhi (IANS) Lower food prices eased India's August retail inflation on a sequential and year-on-year basis.

Data, furnished by the National Statistical Office (NSO), showed that the Consumer Price Index (CPI) slipped to 5.30 per cent…

Outlook for Q2 manufacturing improves; high cost of production causes worry

New Delhi (IANS) As economic activities gain momentum, industry players are turning optimistic about the performance of the manufacturing sector.

The FICCI Manufacturing Survey for July-September showed that after experiencing subdued Q1 (April-June…

Portfolio inflows boost India's forex reserves by over $8 bn

Mumbai (IANS) Healthy portfolio, as well as general FDI capital inflows, further boosted India's foreign exchange reserves by $8.895 billion during the week ended September 3.

The portfolio equity capital was attracted to India on the prospects…

Amrapali homebuyers, including M.S. Dhoni, asked to clear outstanding dues within 15 days

New Delhi (IANS) Over 1,800 home buyers of Amrapali housing projects in Noida, including former Indian cricket captain Mahendra Singh Dhoni, have been asked by the Supreme Court-appointed receiver to fill their data on his website and begin clearing…

India's July industrial production rises over 11% YoY

New Delhi (IANS) Low base effect, along with rising demand pushed India's industrial output higher by 11.50 per cent, on a year-on-year basis.

The Index of Industrial Production (IIP) for July rose by over 11 per cent from a decline of…

SC upholds arbitral award in favour of Reliance Infrastructure Ltd

New Delhi (IANS) In a major victory, Reliance Infrastructure Ltd. on Thursday won a four-year battle for control of money from an arbitration award, as the Supreme Court upheld an arbitral award which went in its favour.

A bench headed by justice…

Gold ETFs witness net outflow in August

New Delhi (IANS) Gold-backed exchange traded funds (ETF) experienced net outflows in August of 22.4 tonnes, as North American outflows outweighed inflows into European and Asian funds, the World Gold Council (WGC) said.

In a report, the WGC…