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The scheme seeks to provide certainty to taxpayers in the domain of transfer pricing by specifying the methods of pricing and setting the prices of international transactions in advance.

Taxpayers duped by cyber fraudsters

Cyber criminals are using fake SMS to trick customers into sharing bank account details, finds Quickheal.

14 Aug 2019 12:55 AM IST

Mosambi, pomegranate, jackfruit, pear, cucumber and carrot are the new fruits and vegetables added to calculate wholesale inflation (WPI) in country as the government on Friday revised inflation and industrial growth (IIP) base year to make it more relevant to the changing times.

Jul retail inflation eases to 3.15 pc; experts advise caution on...

Retail inflation was 3.18 per cent in June 2019, while it stood at 4.17 per cent in year-ago period (July 2018).

13 Aug 2019 8:48 PM IST

InVIT will acquire 100 per cent equity interest in Pipeline Infrastructure Pvt Ltd, owner and operators of the pipeline that transports Reliance Industries Ltds eastern offshore KG-D6 gas to customers, according to a statement issued by RIL.

RIL soars 10 pc, m-cap surges by Rs 71,638 cr after a slew of...

The oil-to-telecom giant saw its scrip jump 9.72 per cent to close at Rs 1,275 on the BSE.

13 Aug 2019 8:35 PM IST

A few decades ago, the insurers followed the most basic and traditional way to incorporate processes into their domain. (Photo: Pixabay)

Govt-constituted panel suggests making CSR non-compliance civil...

Companies having CSR prescribed amount below Rs 50 lakh can be exempted from the need of constituting a CSR committee,...

13 Aug 2019 8:24 PM IST

The Sensex crashed over 505 points to slip below the 38,000-level as rupee woes and global trade war worries spooked investors despite the government announcing a slew of measures to stem a steep fall in the domestic currency.

Investor wealth plummets by Rs 2.21 lakh cr as stocks tumble

At close of trade, the market capitalisation of BSE-listed companies tumbled Rs 2,21,837.81 crore to Rs 1,39,46,997.40...

13 Aug 2019 7:13 PM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee hits 6-mth low of 71.40 against USD; dives 62 paise on global...

The domestic currency has lost 71 paise in the past two sessions.

13 Aug 2019 6:59 PM IST

The credit cost for the banking sector, which was 4.8 per cent in Q4FY18, has reduced to 2.75 per cent to 3 per cent in Q4FY19, going by the bank results declared so far.

Banks report reduction in NPA; seek steps to address stress in NBFCs:...

Participating banks suggested that government should simplify GST framework and lower GST rates to enhance tax...

13 Aug 2019 6:35 PM IST

Amazon declined to put a price tag on the program, called Amazon Future Engineer, but said it will take up a big chunk of the USD 50 million that it committed to spend on computer science education last year.(AP Photo/Richard Vogel, File)

Amazon in advanced talks to buy 8-10 per cent stake in Future Retail

The deal with the Future Retail is expected to close in the next few weeks, sources close to the development said.

13 Aug 2019 5:18 PM IST

Union Minister and Lok Janashakti Party chief Ramvilas Paswan

Five-star hotels must give explanations for overcharging on bananas,...

Union Minister Ram Vilas Paswan wondered how five-star hotels could charge Rs 442 for two bananas and Rs 1,700 for two...

13 Aug 2019 4:05 PM IST

According to a conservative estimate of Directorate of Revenue Intelligence (DRI), the total market of smuggled gold in India is nothing less than Rs 9,000 crore.

Silver touches all-time high mark of Rs 45,000; gold falls Rs 100

Gold is trading at Rs 38,370 per 10 gram in the national capital, according to the All India Sarafa Association.

13 Aug 2019 3:51 PM IST

Sensex, Nifty each lost over 1 per cent on Friday amidst fears of a US-North Korea war. (Photo: PTI)

Sensex plummets 624 points on global sell-offs; RIL soars 10 pc

The 30-share Sensex settled 623.75 points, or 1.66 per cent, lower at 36,958.16.

13 Aug 2019 3:39 PM IST

At present diesel cars at Maruti, which sells one car out of two bought in the country, account for almost a third of its sales.

Auto sales in India sees sharpest fall 19 yrs in July; 15,000 workers...

Domestic PV sales also saw the biggest fall in nearly 19 years, slumping by 30.98 pc to 2,00,790 units.

13 Aug 2019 3:15 PM IST