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BusinessToday.In
New Delhi, July 18, 2018
The long-pending merger of Idea Cellular and Vodafone India had received a go-ahead from the DoT on July 10. The department says the dues demanded are just fine, and both these companies need to pay up at the earliest.


BusinessToday.In
New Delhi, July 18, 2018
Walmart might even bring in talent from its Asda unit in UK that it had sold to rival, Sainsbury for $10 billion in April.


BusinessToday.In
New Delhi, July 18, 2018
As the initial deadline of July 31 for filing Income Tax returns approaches, businessmen and salaried professionals get busy with the daunting task of filing returns. Even a small mistake can cost money and get them unwanted attention from the Income Tax department. Watch BusinessToday.In's video as we take you through a few common mistakes that taxpayers should avoid while filing their returns. 


BusinessToday.In
July 17, 2018
Days after the state-run lender received a letter from Life Insurance Corporation of India (LIC) expressing its interest in acquiring 51 per cent controlling stake in IDBI Bank, the NPA-laden bank in its board meeting today sought government's decision in this regard.


BusinessToday.In
New Delhi, July 16, 2018
According to a survey conducted by a global consulting firm EY, over 70 per cent of Indian respondents see data protection and data privacy compliance as increasing areas of concern while 46 per cent are worried about cyber breach and insider threats.


BusinessToday.In
New Delhi, July 14, 2018
Reliance Foundation has pitched Mashelkar's name to the government committee as the Chancellor of the Jio Institute. The names of Dipak C Jain has been proposed as the Vice-Chancellor of the Institute.


Joe C Mathew
New Delhi, July 13, 2018
Swadeshi Jagaran Manch alleges many international NGOs such as Bill and Melinda Gates Foundation, Global Health Strategies and Programme for Appropriate Technology for Health are facing the allegations of promoting the interests of certain pharmaceutical companies.


Dipak Mondal
July 13, 2018
While it's a big relief for both taxpayers as well as tribunals and courts, there is one particular clause in the circular issued by the revenue department that may play spoilsport.


BusinessToday.In
New Delhi, July 11, 2018
Apart from facilitating ease of doing business, the measure would also reduce future litigation flow from the tax departments. Overall, around 41 per cent cases related to direct taxes and 18 per cent cases related to indirect taxes would be withdrawn after the move.


Manu Kaushik
New Delhi, July 10, 2018
The demand by DoT is unjustifiable on two grounds. Firstly, the telcos have got stay orders from various high courts against the payment of OTSC to DoT. Since the telcos are still contesting the matter, the demand for spectrum charges is untenable.


BusinessToday.in
New Delhi, July 10, 2018
China agrees to cut tariffs on Indian cancer drugsChina said on Monday it had reached an agreement with India to reduce tariffs and increase imports of Indian medicines, particularly anti-cancer drugs. The decision was part of its efforts to broaden trade relations amid its on-going spat with the United States. Both India and China slashed import tariffs of a range of products starting July 1, following the fourth round of negotiations under the Asia Pacific Trade Agreement (APTA), which also includes Bangladesh, Laos, South Korea and Sri Lanka.Income Tax dept sells Cairn Energy shares in Vedanta for $216 millionCairn Energy said it would write down the value of its investment in Vedanta Ltd after Indian tax authorities sold $216 million worth of its shares in the Indian mining company to recover a part of Rs 10,247-crore demanded as retrospective tax. The UK company said it still holds about 3 per cent in Vedanta Ltd after the sale, while warning that it was possible that the Indian tax department might make further sales.Department of Telecom conditionally approves Idea-Vodafone merger dealThe Department of Telecom (DoT) gave its nod to the Vodafone India-Idea Cellular deal to form the biggest telecom entity in India, but with some riders. An official told PTI that DoT has cleared the Vodafone-Idea merger. They will have to meet conditions for final approval. Earlier, it was reported the DoT was looking to raise a fresh demand of around Rs 4,700 crore ahead of the merger deal between Vodafone India and Idea Cellular over one-time spectrum charges on Vodafone.Mark Zuckerberg overtakes Warren Buffet to emerge world's third-richest man with $81.6 bn net worthFacebook's stock has not only recovered from the hammering it took in the wake of the Cambridge Analytica privacy scandal earlier this year, but spiked 2.4 per cent to hit an all-time high on Friday. And in the bargain, it has propelled its co-founder and CEO Mark Zuckerberg into the Top 3 list of billionaires. He is now the world's third-richest man after Amazon's Jeff Bezos and Microsoft co-founder Bill Gates.Malaysia's IHH Healthcare Berhad outbids TPG-Manipal in the battle for Fortis: ReportIn its second round of bidding, cash-strapped Fortis Healthcare received only two binding bids, from Malaysia's IHH Healthcare Berhad and TPG-backed Manipal Health Enterprises Ltd. And the buzz is that the former has an edge over FHL's earliest suitor. According to Mint, IHH is likely to acquire control of India's second-largest private hospital chain with a binding offer for a stake of at least 51 per cent for Rs 4,700-5,400 crore.Yahoo Japan buys back $2 billion of shares in three-way deal with SoftBank, AltabaYahoo Japan Corp is buying back around $2 billion worth of its shares from SoftBank Group Corp as part of a three-way deal with its top shareholders, U.S. investment firm Altaba Inc and SoftBank.The deal will see Altaba, which was formerly the internet giant Yahoo! Inc, sell down its stake in Yahoo Japan by around $2 billion and SoftBank raise its stake slightly in Yahoo Japan to around 48 percent.


BusinessToday.In
July 10, 2018
The Income Tax Department seized the shares after issuing Cairn with a Rs 10,247 crore tax demand on capital gains made on at the time of the sale of business to Anil Agarwal-led Vedanta.


BusinessToday.In
New Delhi, July 9, 2018
Income-tax returns validate your creditworthiness and make it possible for you to access financial benefits such as bank credits, etc. An important aspect of filing ITR is filing it on time, failing which you may have to pay penalty up to Rs 10,000 besides interest.


Dipak Mondal
New Delhi, July 9, 2018
The GST bandwagon has had a choppy ride in the first year but is gaining momentum. Further fine-tuning of the GST law holds key to future success


PTI
New Delhi, July 8, 2018
The format for annual returns and audit is likely to be approved by the GST Council in its meeting on July 21 and industry expects that there could be some reconciliation with annual IT returns as the government aims to check tax evasion.


PTI
July 7, 2018
The new UKRI Science, Research and Academia scheme, which is being added to the already existing Tier 5 visa route, opened from yesterday for researchers, scientists and academics from outside the European Union to come to the UK for up to two years.


BusinessToday.In
New Delhi, July 6, 2018
As of now, petroleum products including petrol, diesel, crude oil, natural gas and aviation turbine fuel (ATF) have been exempted from the GST.


BusinessToday.In
New Delhi, July 5, 2018
The department suspects that the companies did this in order to take advantage of the Input Credit mechanism under GST, an option that did not exist under the previous tax regime.


Naveen Kumar
New Delhi, July 4, 2018
Income Tax department has issued various ITR forms for different kind of tax payers. Even for individuals, there are 4 ITR forms meant for different filings.


BusinessToday.in
New Delhi, July 3, 2018
South Korea has just capped the maximum working hours in a week to  40, plus 12 hours of overtime, making it 52; India's telecom department has decided that Andaman & Nicobar islands will only have 2G services; the nation's largest life insurer, LIC, has decided to acquire a majority stake in the hugely loss-making IDBI Bank. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.


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