Startups, pharma Cos face tax liability on new goodwill rules

New Delhi (IANS) In what can increase tax liability on companies that have undergone mergers and acquisitions in recent years, the Central Board of Direct Taxes (CBDT) has notified new set of rules on tax treatment of goodwill where depreciation provisions…

Equity indices in green, Sensex up 230 points

Mumbai (IANS) The Indian stock market traded on a positive note on Tuesday morning with the BSE Sensex gaining over 230 points.

The Nifty50 was above the 15,750 mark.

Buying was witnessed in banking and finance stocks while IT and telecom…

India's June retail inflation eases sequentially, but still over 6%

New Delhi (IANS) India's June retail inflation eased up on a sequential basis but still managed to remain above the 6 per cent threshold.

According to the data furnished by the National Statistical Office (NSO), the Consumer Price Index…

Lenovo leads as global PC market hits 83.6 mn units in Q2: IDC

New Delhi (IANS) The worldwide shipments of traditional PCs, inclusive of desktops, notebooks and workstations, reached 83.6 million units in the second quarter this year, up 13.2 per cent from the second quarter of 2020, a new IDC report said on…

FPIs pull out Rs 2,249 cr from Indian equities so far in July

Mumbai (IANS) Foreign Portfolio Investors (FPI) have been net sellers in the Indian equity segment so far in July.

They have withdrawn net investments worth Rs 2,249 crore from the equities in July, showed data on the NSDL site.

The…

CEOs expect swifter recovery post 2nd Covid wave: CII Poll

New Delhi (IANS) Top corporates in the country anticipate a faster economic recovery from the impact of the second wave of Covid-19.

A CII CEOs Poll of 119 corporate heads showed that about 59 per cent of the CEOs polled expect the recovery…

Foreign e-commerce cos creating false narrative against draft rules: CAIT

New Delhi (IANS) The Confederation of All India Traders (CAIT) has alleged that foreign-funded e-commerce majors are creating a 'false narrative' that the draft norms for the sector would impact foreign direct investment into India and the…

Integrating technology with inclusive delivery holds key to recovery: FM

New Delhi (IANS) Finance Minister Nirmala Sitharaman has said that integrating technology with inclusive service delivery would hold the key to accelerate the pace of economic recovery during the time of pandemic.

Speaking virtually in the…

Fuel price rise continues as OMCs cover gaps over possible cuts in rates

New Delhi (IANS) Global cues pushed fuel prices to increase again across the country on Saturday adding more misery for the common man already grappling with rising food prices amidst shrinking income.

The retail prices of petrol and diesel…

India's forex reserves rise by over $1 bn

Mumbai (IANS) India's foreign exchange reserves rose by $1.013 billion during the week ended July 2.

According to the Reserve Bank of India's (RBI) weekly statistical supplement, the reserves increased to $610.012 billion from $608.999…