Not in violation of US sanctions: Reliance Industries

New Delhi: The Reliance Industries on Saturday said that reports suggesting its involvement in an arrangement that leads to cash payment for Venezuelan state oil company PDVSA via third parties and hence violating US sanctions are false. Reliance has purchased Venezuelan crude oil from companies such as Rosneft long before the imposition of US sanctions “Reliance More...

by IANS | Published 1 day ago
By Indileak Web Desk On Tuesday, April 16th, 2019
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Income Tax dept revises Form 16 for more details

New Delhi: The Income Tax department has notified changes in Form 16 that requires more details about deductions under tax saving schemes, investment in tax saving schemes and income from other sources. The amended More...

Microsoft Cloud provides industry-leading levels of security, privacy controls, compliance
By IANS On Sunday, April 14th, 2019
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Microsoft issues security alert over cyber attack

San Francisco: Microsoft has alerted some of its webmail users of possible hacker attacks that could access their email accounts illegally, media reports said. We have identified that a Microsoft support agent’s More...

By IANS On Saturday, April 13th, 2019
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France says tax issue of Anil Ambani firm settled as per law

New Delhi: France said on Saturday that the tax issue of industrialist Anil Ambani’s France-based company Reliance Flag pertaining to the period 2008-2012 had been settled in “full adherence with the More...

By Agencies On Wednesday, April 10th, 2019
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IOC resumes fuel supply to Jet Airways

New Delhi/Mumbai: The country’s largest oil marketing company Indian Oil Corporation (IOC) has resumed fuel supply to Jet Airways. The fuel retailer did not divulge details about any payment or assurance made More...

By Agencies On Wednesday, April 10th, 2019
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Banks reduce interest on home, auto loans post-RBI cut

Mumbai: Within days of the Reserve Bank of India (RBI) lowering its key lending rate, state-run State Bank of India (SBI) on Tuesday reduced its benchmark marginal cost of funds based lending rate (MCLR) and home More...

By IANS On Friday, April 5th, 2019
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Tea exports down 7% in volume during Jan-Feb

Kolkata: India’s tea exports decreased by nearly 7 per cent to 41.60 million kg during January and February in 2019 from 44.72 million kg exported during the same period of last year, according to data from More...

By Agencies On Thursday, April 4th, 2019
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BJP tops poll ads spend on Google platforms

New Delhi: Political parties in India spent over Rs 3.76 crore on 831 election ads on Google platforms between February 19 and April 3, with the Bharatiya Janata Party (BJP) leading the table with the expenditure More...

By IANS On Wednesday, April 3rd, 2019
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SC verdict on RBI circular credit negative for Indian banks: Moody’s

New Delhi: The Supreme Court’s judgment voiding the Reserve Bank of India’s (RBI) circular issued on February 12, 2018, is “credit negative” for Indian banks as it will delay the resolution More...

By IANS On Monday, April 1st, 2019
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Sensex hits all-time high, ends below 39k

Mumbai: The benchmark Sensex closed slightly below the 39,000-mark — after hitting an all-time high on the first day of the FY19-20’s trade — over bets of a RBI rate cut and a healthy Chinese factory More...