I-T profiling to help revenue dept nab fraudsters claiming fake GST credits

New Delhi (IANS) The government proposes to match GST data mentioned in Form 26AS with the turnover numbers provided while filing income tax returns.

The move is aimed at identifying unscrupulous persons who try to avail or pass on input tax…

Tata Motors expects to over achieve 2020 sales target

New Delhi (IANS) Backed by improved range of affordable products, automobile major Tata Motors expects its passenger vehicle business to over achieve the 2020 sales target.

Accordingly, the company had to increase production to meet the surge…

Change of guard at Murugappa group firms, Chairman Murugappan steps down

Chennai (IANS) Diversified industrial conglomerate Rs.381 billion Murugappa group's family member M.M. Murugappan has stepped down as the Chairman and as Director of Cholamandalam Investment and Finance Company Ltd and Coromandel International…

New high: Sensex crosses 43,700 mark; auto stocks shine

Mumbai (IANS) Strong FII inflows along with domestic political developments sustained the bull run in the Indian stock markets during Wednesday's pre-noon trade session, with the Sensex crossing a record high of 43,700 in initial trade.

In…

Sensex surges to cross 43K mark, banking stocks soar

Mumbai (IANS) Massive foreign fund inflows on the back of accelerated vaccine development along with clarity on US Presidential election results and a fast-paced economic recovery lifted key Indian equity markets to touch new record highs during Tuesday's…

As market climbs new highs, net FII inflow crosses Rs 14k cr in just 3 days

Mumbai (IANS) The Indian equity market has been on a fresh record run of late backed by a surge in foreign institutional investments (FII). In the past three days alone, net FII inflow in the Indian capital markets stood at Rs 14,786.57 crore.

Sensex, Nifty hit record highs

Mumbai (IANS) The Indian equity indices hit all-time high levels on Monday morning tracking positive global cues as Joe Biden, the Democrat candidate, has defeated incumbent US President Donald Trump in the 2020 presidential elections.

Sensex…

SAIL introduces 'shorter working period scheme' for employees

New Delhi (IANS) The country's largest steel maker, Steel Authority of India Ltd (SAIL) has introduced 'Shorter Working Period Scheme' for facilitating its employees to attain a better work-life balance.

The scheme, effective from…

Around 47% BSE-200 companies yielded negative returns in Oct

Mumbai (IANS) Nearly half of the BSE-200 companies yielded negative returns last month, according to a recent report by Motilal Oswal Institutional Equities.

On a year-to-date basis, 59 per cent of BSE-200 constituents declined, as Future Retail…

ECLGS needs to be extended to more stressed sectors: CII to FinMin

New Delhi (IANS) The Confederation of Indian Industry (CII) has written to the Finance Ministry urging the government to explore an Emergency Loan Credit Guarantee Scheme (ECLGS) to support the resource starved stressed sectors.

As per the…