Mumbai: If a taxpayer does not file an income-tax return in response to an inquiry notice, the case will be picked up for scrutiny. This notice – under section 142(1) – seeking information, is issued when a taxpayer has not filed the tax return or is issued to seek additional preliminary information regarding a particular…
Mumbai: Japan’s Sumitomo Mitsui Financial Group (SMFG) has invested Rs 1,300 crore in its Indian arm through a rights issue.SMFG India Credit (formerly Fullerton India Credit), in turn, has invested Rs 150 crore in its wholly-owned subsidiary SMFG India Home Finance. As of Dec 31, 2023, SMICC’s assets under management reached Rs 42,487 crore, with…
Paytm share price today: The market capitalisation of One 97 Communications, which is the parent company of the fintech platform Paytm, approached $2.5 billion on Tuesday as its shares kept declining.The stock of the Noida-headquartered company was trading 4.99% lower at Rs 334.15 on the Bombay Stock Exchange at the market close. The share price…
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Tuesday. While BSE Sensex rose 50 points, Nifty50 was above 22,450. At 9:19 AM, BSE Sensex was trading at 73,948.10, up 53 points or 0.071%. Nifty50 was at 22,462.45, up 20 points or 0.088%.The Indian equity markets experienced a…
Tata Electronics Ltd has commenced exporting a limited number of semiconductor chips packaged at its pilot line in its Bengaluru-based R&D centre, according to sources familiar with the matter. These packaged chips are being sent to some of Tata Electronics’ partners located in Japan, the US, and Europe. This development comes as the Tata group…
Bengaluru: Google has recently laid off 200 employees from its core teams as part of a reorganisation effort, according to a report by CNBC. The restructuring will involve shifting some of the roles to India and Mexico. Affected employees will have the opportunity to apply for open positions within the company.Documents reviewed by CNBC revealed…
Mumbai: RBI governor Shaktikanta Das said offline accessibility, which is in the works, will make the digital rupee an attractive choice for retail users.In addition, wholesale use of CBDC for trade in commercial paper and certificates of deposit in the debt market will also be extended by RBI, Das said in a panel discussion on…
New Delhi: Fifteen years after the law was amended to include international workers within the ambit of employees’ provident fund and pension scheme, the Karnataka HC has struck down the provisions as “unconstitutional and arbitrary”.The move, which is likely to be challenged by govt and the Employees Provident Fund Organisation (EPFO), will impact thousands of…
External Affairs Minister S Jaishankar has sent out a clear message on the issue of investments from China, stating that India as a country can’t compromise its national and economic security in the name of opening up the economy. Jaishankar said that India is well within its rights to safeguard the interests of its manufacturers,…
India’s move to remove the 40% import duty on desi chana has caused international prices of the commodity to surge by 7-10% within a day of the announcement on Friday. This decision, made during the ongoing sowing season in Australia, will likely motivate farmers there to increase the acreage and production of Bengal gram for…
