Business, Companies, 2nd Apr 2019, News & Stories from India

Tuesday, Apr 23, 2024 | Last Update : 09:39 PM IST

Business Companies 02 Apr 2019

Business, Companies, 02 Apr 2019

Explaining the provision, AMRG & Associates Partner Rajat Mohan said builders opting for lower rate of taxes with effect from April 1 would have to recalculate eligible tax credit since the inception of GST based on the proportion of residential to commercial carpet area, sold to unsold units and invoiced to un-invoiced amount. (Representational Image)

Realtors have time till May 10 to opt for old GST rates

CBIC has issued a notification giving real estate companies a one-time option to choose either of the tax rates.

02 Apr 2019 7:50 PM

"Despite quashing of the circular, banks will continue to have an option to refer such defaulting borrower under IBC, in case the resolution plans fail," Icra said.

SC order on RBI circular negative for banks, may defer debt resolution

Moody's said the resolution of stressed loans impacted by the circular will be further delayed.

02 Apr 2019 7:42 PM

Supreme Court on Tuesday quashed RBI's February 12 circular, which prescribed rules for recognising one-day defaults by large corporates and initiating insolvency action as a remedy. (Photo: File)

SC quashing RBI circular to give relief to power cos but delay bankruptcy proceedings

"It's early to say but if banks voluntarily still invoke IBC - the impact will be minimal," said Cyril Shroff of Cyril Amarchand Mangaldas.

02 Apr 2019 5:43 PM

Mobile tower unit Reliance Jio Infratel Private Ltd(RJIPL) has allocated shares worth Rs 200 crore to RJIL

RJio transfers control of optical fibre, tower units to RIIHL trusts

Tower Infrastructure Trust acquired control of RJIPL by purchasing 51 per cent of shares of RJIPL for Rs 109.65 cr.

02 Apr 2019 3:32 PM

Rajan Anandan, also an investor in multiple startups, is slated to join venture fund Sequoia Capital. (Photo: Twitter @RajanAnandan)

Rajan Anandan quits Google, to join Sequoia Capital

Vikas Agnihotri will take on the interim responsibility. He is currently serving as Google's Country Director for Sales.

02 Apr 2019 2:34 PM

Supreme Court rejects tough RBI rule on debt resolution: Reports

Several companies, especially power firms, had sought intervention of the Supreme Court.

02 Apr 2019 1:26 PM

Tata Steel may sell parts of its European packaging activities Tata Steel Europe which makes packaging steel for food, paint and aerosol cans.

ThyssenKrupp, Tata Steel offer concessions to allay EU concerns

The EU competition regulator did not provide details of the concessions.

02 Apr 2019 8:51 AM

The public sector company said that it produced 41 new aircraft, helicopters and 98 new engines in 2018-19. (Photo: Twitter)

HAL records Rs 19,400 crore turnover for 2018-19 fiscal

HAL posted a revenue growth in excess of 6 per cent during 2018-19 as compared to 3.8 per cent during 2017-18.

02 Apr 2019 8:42 AM

In April 2015, the regulator issued a show cause notice to the bank for alleged violation of portfolio managers norms.

Citibank settles case with Sebi, pays Rs 4.5 crore

Sebi has decided not to initiate any enforcement action against the bank.

02 Apr 2019 8:38 AM

Airbnb will benefit from Oyo's strong presence in India and China.

Airbnb invests in Oyo

Oyo's home and villas will now appear on the Airbnb platform and increase its international presence.

02 Apr 2019 6:24 AM

Basant Jhawar alleged that Rajeev Jhawar had created benami asset in India by siphoning off funds as well as through illegal mining operation.

Strife at Usha Martin intensifies

However, the Basant-Prashant faction and its shareholder group chose not to oppose Brij Kishore's re-induction into the board of directors.

02 Apr 2019 6:22 AM

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Aakar Patel