Proposed sale of 33.12% equity shares of Prime Focus by Credit Suisse to PFL's promoters is blatant abuse: RCAP Group

Mumbai (IANS) The proposed sale of 33.12% equity shares of Prime Focus Ltd. (PFL) by Credit Suisse (CS) to the PFLs promoter group at Rs 44.15 per share is a blatant abuse of the purported rights by CS under certain lending agreements with RCAP Group.

CII seeks clarity in taxation laws, simplification, lesser litigation

New Delhi (IANS) CII has suggested the government to bring about clarity in the taxation laws, simplification of procedures and reduction of litigation in the upcoming Union Budget.

It noted that the taxation laws should facilitate business…

Stocks attract over $22bn as India emerges among best performing EMs

Mumbai (IANS) The Covid-19 virus not only triggered a worldwide pandemic, but also opened the floodgates for investments in the countrys equity market.

All in all, not only did the overall capitalisation of India's domestic market increased,…

41% small businesses find it impossible to file ITR by Dec 31: Survey

New Delhi (IANS) As the deadline for filing of Income Tax Returns (ITR) nears, around 41 per cent small businesses think that it is impossible to file their returns by December 31 and want an extension to the deadline, according to a survey by LocalCircles.

No revision in petrol & diesel prices

New Delhi (IANS) Petrol and diesel prices remained unchanged on Saturday as oil marketing companies continued to maintain a wait and watch stance amid range-bound global oil prices.

Accordingly, the pump price of petrol remained at Rs Rs 83.71…

CAIT urges FM to defer implementation of 'Rule 86-B' in GST

New Delhi (IANS) Traders' body Confederation of All India Traders (CAIT) has urged Finance Minister Nirmala Sitharaman to defer the implementation of 'Rule 86-B' in GST, scheduled to be implemented from January 1, 2021.

In a letter…

ICICI Bank unleashes tech-enabled products to enhance retail portfolio

New Delhi (IANS) To buck the Covid induced downtrend, lending major ICICI Bank plans to pursue the technology route to expand its retail presence.

Accordingly, the lender has introduced a slew of technology based products for customers, especially…

Myntra sells 1.1 crore items to 32 lakh customers in 5 days

Bengaluru (IANS) Fashion ecommerce platform Myntra on Friday said it sold 1.1 crore items to more than 32 lakh customers during its 13th, five-day End of Reason Sale that ended on December 24.

Also catering to more than 50 lakh orders, the…

Indian economy reviving at unforeseen pace: RBI

New Delhi (IANS) As economic activities gather momentum and strive to get back to pre-Covid levels, the Reserve Bank of India has said that the Indian economy is reflating at a pace higher than most predictions.

The monthly bulletin of the…

Markets rise on global cues, lower level buying, banking stocks rise

Mumbai (IANS) Lower level buying after a short-lived intra-day correction pushed the Indian equity market higher during the late-afternoon trade session on Thursday.

Accordingly, the Indian stock market opened with a 'gap up', however…