Reliance Capital plans to cut debt by Rs 10,000 cr to Rs 12,000 cr : Bulletin: Business Today
Business Today

Reliance Capital plans to cut debt by Rs 10,000 cr to Rs 12,000 cr

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March 8, 2019

Startups to get angel tax relief retrospectively from Feb 19; here are new norms notified by CBDT

The government in February relaxed the definition of startups in a bid to encourage budding entrepreneurs, and allowed them to avail full angel tax concession on investments worth up to Rs 25 crore. Following that up, the income tax department recently notified the modified norms for startups to enable them to seek this exemption. The modified norms will be effective retrospectively from February 19, when the Department for Promotion of Industry and Internal Trade (DPIIT) made the announcement.

Bengaluru to see the fastest rise in ultra rich globally

Bengaluru, which metamorphosed from an IT services hub to a throbbing start-up city over the last decade, has always been seen as a city of wealth generators. And while Bengaluru still trails many global cities in the number of ultra-high net worth individuals (UHNWIs) - defined as those with net assets of $30 million or more - the city is expected to witness the fastest growth of UHNWIs population globally by 2023, property consultancy Knight Frank said in a new report.Bengaluru, today, has 98 UHNWIs versus 732 in Hangzhaou and 559 in Stockholm

Reliance Capital plans to cut debt by Rs 10,000 crore to Rs 12,000 crore in few months

Anil Ambani-led Reliance Capital on Thursday said the firm plans to reduce its overall debt by Rs 10,000-12,000 crore in the next three to four months through stake sale in two ventures and monetisation of several non-core investments. However, the Reliance Capital share price closed 1.39% lower at 187.45 on the BSE.
Bhubaneswar's Biju Patnaik International Airport wins the prestigious ASQ award

The Biju Patnaik International Airport (BPIA) in Bhubaneswar has won the 2018 Airport Service Quality (ASQ) award as the leading airport in size and region. The Airports Council International selected BPIA for the prestigious award.The award is accorded on the basis of independent survey amongst passengers on various parameters of security, safety, experience, ambience, ease of availability and cleanliness
Businesses need to pay up to Rs 20 for using Aadhaar services

Business organisations using Aadhaar services will now have to pay Rs 20 for each customer verification and 50 paise for authentication of each transaction carried out by the entities, the Unique Identification Authority of India (UIDAI) said Thursday. However, government entities and the Department of Posts are exempt from authentication transaction charges.
High-value cash depositors who did not file IT returns after demonetisation under taxman's lens

Around 87,000 taxpayers reportedly are yet to comply with the SMSes, emails and even notices issued under Section 142 (1) of the Income-Tax Act by the income tax department. So, the CBDT has now instructed assessing officers (AO) to subject these taxpayers to a 'best judgement' assessment by March 31, where possible, or latest by June 30, The Times of India reported

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