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Rule 114E of Income-Tax Rules, 1962, for furnishing Statement of Financial Transactions (SFT) came into force with effect from April 1, 2016.Business
All buys of over Rs 2 lakh under tax watch

Traders have been asked to submit data about every purchase exceeding Rs 2 lakh to taxmen.

24 Dec 2016 12:40 AM IST

The company is maintaining its production levels as planned and wholesale figures as wellBusiness
Cash crunch hits Maruti Suzuki sales in Oct-Nov

The auto major also announced that it will invest around Rs 3,800 crore in its upcoming R&D centre.

23 Dec 2016 9:00 PM IST

Mistry filed a voluminous petition before the National Company Law Tribunal seeking suspension of Tata Sons board and restraining Ratan Tata from participating in any of the board meetings.Business
Attacks on me painful, definitive move to damage my reputation: Ratan...

Tata came back as interim chairman of Tata Sons after Mistry was abruptly ousted on October 24.

23 Dec 2016 8:52 PM IST

For the week, the Sensex lost 448.86 points, or 1.69 per cent, while the broader NSE Nifty dropped 153.70 points, or 1.88 per cent.Business
Sensex breaks 7-day fall, but logs weekly loss

This is their biggest weekly in five, which is since the week ended November 18.

23 Dec 2016 5:07 PM IST

Finance Minister Arun JaitleyBusiness
No consensus on dual control at GST Council meet

However, Council headed by finance minister Arun Jaitley has agreed to a 100 pc compensation for states.

23 Dec 2016 4:45 PM IST

The deal between both the companies which is subject to regulatory approvals, is expected to close in four months.Business
Tata steel makes acquasition for Rs 900 crore in cash

Company acquired Brahmani River Pellets Ltd (BRPL), which had a turnover of Rs 452 crore in 2015-16.

23 Dec 2016 3:48 PM IST

Industrialist Nusli Wadia. (Photo: PTI)Business
Nusli Wadia files criminal defamation suit against Ratan Tata

Wadia, who is chairman of Wadia group, has also made Tata Sons and its directors as party to the case

23 Dec 2016 3:30 PM IST

Bank customers across the nation have complained that several banks are refusing to accept more than the said amount despite providing detailed explanations. (Photo: PTI/File)Business
Report cash receipt over Rs 2 lakh in single transaction

Norms of aggregation contained in sub-rule 3 of Rule 114E have been amended vide CBDT notification dated Oct 6, 2016.

23 Dec 2016 3:24 PM IST

Food Minister Ram Vilas PaswanBusiness
Paswan rules out possibility of import of the grain

1.7 million tonnes of wheat have been exported and more shipments are expected at zero Customs duty.

23 Dec 2016 3:23 PM IST

The settlement, which still needs approval by the banks board, would release Credit Suisse from \potential civil claims by the DoJBusiness
Credit Suisse reaches agreement on US mortage case

Credit Suisse paid $5.3 billion to settle the disputes over the sale of mortgage-backed securities.

23 Dec 2016 1:52 PM IST

An IRF contract is an agreement to buy or sell a debt instrument at a specified future date at a pre-determined price.Business
NSE to launch 6-yr govt bond futures from Dec 30

The exchange earlier this year had introduced IRF contracts on government bonds maturing in May 2030.

23 Dec 2016 1:50 PM IST

Nusli Wadia (Photo: AP)Business
Tata Motors removes Nusli Wadia with 71.20 pc votes

On Wednesday, Wadia was removed as independent director from the board of Tata Steel.

23 Dec 2016 10:34 AM IST

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