income tax


EU states agree clamp-down on aggressive tax planning

Mar 13 2018

EU finance ministers agreed new measures to force accountants and banks to report aggressive tax schemes that help companies shift profits to low-tax countries.

Low-cost home loans face higher risk of defaults: Report

Feb 28 2018

Even as govt policies give huge thrust to affordable housing, data reveals elevated risks for lenders because of a higher propensity among the borrowers to default.

'Delhi HC asks I-T dept not to take coercive action against NDTV'

Feb 24 2018

NDTV said Delhi HC has directed the tax dept not to take any coercive action against it for a period of 10 days in case the assessing officer in Rs 436.80 crore tax case.

Bank of Baroda has exposure of Rs 456.6 cr in Rotomac Global

Feb 20 2018

BoB said it has an exposure of Rs 456.6 cr in the Rotomac Global, currently being investigated by CBI and ED in connection with an alleged bank loan fraud of Rs 3,695 cr.

I-T dept raids 20 premises linked to Choksi, Gitanjali group

Feb 20 2018

I-T dept issued a notice to Anita Singhvi asking her to explain about certain jewellery purchases, amounting to Rs 6 cr, allegedly from a showroom owned by Nirav.

Rotomac bank fraud: I-T dept attaches 11 bank accounts

Feb 20 2018

The I-T dept has stepped up action against Rotomac group and its promoters attaching 11 bank ac/s in connection with an alleged tax evasion probe, officials said.

Nirav illegally diverted SEZ diamonds of Rs 1,216 cr to domestic mkt

Feb 19 2018

The IT department has found that in the last financial year the Nirav Modi group had illegally diverted Rs 1,216 crore of diamonds from its SEZ to the domestic market.

I-T dept attaches 7 props of Choksi, Gitanjali group in Mumbai

Feb 19 2018

The I-T dept attached seven properties of the Gitanjali Group and its promoter Mehul Choksi in Mumbai in connection with a tax evasion probe against them.

HC rejects plea of firm linked to Vadra against Income tax notice

Feb 17 2018

HC has rejected the plea of a Delhi-based hospitality firm linked to Robert Vadra challenging an income tax department notice to it for re-assessment of its profits.

Nasscom worried over fall in angel, series A funding

Feb 12 2018

Nasscom has once again expressed concern over the falling fund flows into startups and called for added focus to galvanise the entrepreneurial ecosystem.

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Stocks In News



Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively

To add platform capabilities in the insurance segment which contributes 15% of total business

The Acquisition is expected to close within the next 3 months


Sells Essar Steel loan to Deutsche Bank

Has sold its $385 mn Foreign currency loan extended to Essar Steel

Bank has taken a 38% haircut

Rs 1600 cr is expected earnings to the bank from the deal

Economic Times Reports


To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn

The co is also in discussions to sell its residential and commercial projects in Chennai

To convene shareholder’s meet on 23rd March in regard to the proposed divestment

Mint Reports


Gets Order Worth Rs 230 Cr From NTPC

To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators

Will help NTPC commission the 3x 660MW plant started 12years


Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI

The completion period for the project is 30 months

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