NEW DELHI: The government said Friday that it will consider all options, including legal remedies, regarding Vodafone arbitration case which was in favor of the company. British telecommunications giant Vodafone Group plc won the arbitration case against the Government of India for a claim of Rs 22,100 crore in taxes …
Read More »GST Compensation Cessation: Facility used GST Compensation Cessation elsewhere, violated law: CAG
NEW DELHI: The CAG discovered that the Union government in the first two years of the GST implementation erroneously withheld Rs 47,272 crore of GST compensation cease It was specifically intended to be used to compensate the states for lost income. In his audit report on the government accounts, the …
Read More »Vodafone Arbitration Case: Vodafone Wins International Arbitration Against India in a $ 2 Billion Tax Dispute Case: Report | India Business News
NEW DELHI: Vodafone Group Plc has won a international arbitration case against Indian government in a $ 2 billion tax dispute (over Rs 20,000 crore), two sources with direct knowledge of the matter said. An international arbitration tribunal in The Hague ruled that India’s imposition of a tax liability on …
Read More »Harley-Davidson to close manufacturing and sales operations in India
By: Reuters | Updated: September 24, 2020 9:01:03 pm Harley-Davidson Inc. store on Khader Nawaz Khan Road in Chennai, Tamil Nadu, India on Monday, July 21, 2014. (Photographer: Sanjit Das / Bloomberg) Harley-Davidson Inc said Thursday it would suspend its sales and manufacturing operations in India, effectively exiting the world’s …
Read More »Sensex Crash: Investors lose Rs 11.31 crore lakh in 6 days | India Business News
NEW DELHI: Investors have lost a whopping Rs 11,31,815.5 crore in six days of market declines, and concerns about the economic recovery weaken appetite for risk. Falling for the sixth consecutive session, the EEB Sensex It fell 1,114.82 points or 2.96 percent to close at 36,553.60 on Thursday, following a …
Read More »Harley Davidson India Exit: Harley-Davidson Closes India Factory | India Business News
NEW DELHI – American cult bike maker Harley davidson has decided to close its factory in India as business remains slow and sales are hard to come by. The company could soon announce a partnership with a local Indian two-wheeler company that many hope will be Hero MotoCorp. Sources said …
Read More »Sensex and Nifty fall for the sixth consecutive session: key reasons behind this fall
NEW DELHI: Stock indices ended lower for a sixth straight session on Thursday with the benchmark BSE sensex falling more than 1,100 points dragged down by metals, IT and banking stocks as fears of further pandemic restrictions kept nervous domestic investors amid strong global share sales. The 30-share BSE index …
Read More »Air India Saudi Flights: Will Bring Passengers From Saudi Arabia To India And Not Otherwise, Says AI Express | India Business News
NEW DELHI: Saudi Arabia has partially relaxed its suspension order for travel to and from India. It has allowed scheduled flights to transport passengers to India. However, the temporary suspension of passengers traveling from India to Saudi Arabia continues. Late Wednesday night Air India Express He tweeted saying: “The Vande …
Read More »Sensex sinks more than 600 points; Nifty slips below 11,000
NEW DELHI: Domestic equities opened in the red Thursday against the benchmark BSE Sensex dropping more than 600 points, following the sell-off of global stocks amid a strong outflow of foreign funds. The 30-share BSE index fell 638 points or 1.69 percent to trade at 37,030; while the broader NSE …
Read More »Sensex, Nifty slide for fifth session like Airtel, TCS drag
Indian stocks fell for the fifth straight session on Wednesday as mounting coronavirus cases fueled investor concerns, with Bharti Airtel posting losses after rival Jio stepped up competition with new postpaid plans, while Tata Consultancy Services fell more than 2%. The broader NSE Nifty 50 Index fell 0.2% to 11,131.85 …
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