Analysis

Nirmala Sitharaman

Big boost to middle-income segment on the cards as income tax rates may be cut

Finance Minister Nirmala Sitharaman hinted at the possibility of the government revising personal income tax rates and raising the taxable income floor.

Dec 8, 2019

Kenichiro Yoshida, President and CEO, Sony Corporation (left), and Satya Nadella, CEO, Microsoft

Who will blink first? India-US in staring match over taxing Internet downloads

India may ignore US warnings of trade sanctions and impose import duties on 'electronic transmissions' like software, movie and music downloads and streaming before the year-end; New Delhi and Pretoria threaten to end 20 years of WTO ban on taxing international downloads

Dec 7, 2019

DHFL

Will DHFL depositors have respite as administrator seeks all creditors' claims?

RBI-appointed official has asked creditors including depositors to submit their claims before December 17; depositors asked to choose one of the three authorised insolvency professionals

Dec 7, 2019

INS Vikrant in construction

Does India need a third aircraft carrier amid China's breakneck naval expansion?

India has begun basin trial of its second aircraft carrier after firing up the engine at the Cochin Shipyard even as the navy pushes for a third one; China tightens 'String of Pearls' around the Indian Ocean Rim and begins building the fourth 'flat-top'

Dec 4, 2019

Reliance Jio

Mobile phone service rates revision: How much will your monthly bill go up?

As telecom service providers Reliance Jio, Vodafone Idea and Bharti Airtel announce rate increases your mobile phone bills may go up at least 40%; government says the increase will not hurt the customers

Dec 3, 2019

The Air India plane flying the inaugural trip from Lucknow,

Will Air India suitors find truncated debt, 100% equity offer irresistible?

The government may pare down Air India debt to Rs 30,000 crore and offer 100% equity to the eventual buyer; Expression of interests in second attempt to sell national carrier may begin by December 15

Nov 28, 2019

Pharmaceutical industry

Will pharma regulator's deal with industry make non-price control drugs cheaper?

A 30% cap on the margin agreed at a meeting of pharma regulatory and trade bodies and lobby groups may put pressure on big manufacturers as the distributors may not agree to lower commission.

Nov 27, 2019

Corporate tax

Must sell now: Fall in direct tax collection hastens urgency of privatisation

A 17% shortfall in October direct tax collection at Rs 50,715 crore may jeopardize government spending and worsen liquidity issues plaguing the economy if divestment drive slackens.

Nov 26, 2019

Anil Ambani

Will Mukesh Ambani's move to head off Airtel bid for Anil Ambani's assets fail?

Jio and Airtel are eyeing Reliance Communications' assets that include spectrum, towers, fibre network and real estate, heating up telco wars further.

Nov 26, 2019

Indian Army

Honey and money traps: Army cracks down on WhatsApp, FB use by key personnel

Officers on sensitive missions have been asked to delete Facebook accounts to prevent critical information and movement history from falling in the hands of enemy cyber sleuths.

Nov 23, 2019

Mumbai airport

Shocking: Airports may have more tipplers than thought among air-side staff

DGCA tightens breath analyzer tests for staff after surprise checks reveal the high number of drunken employees handling operations of major Indian airports including on the air-side.

Nov 23, 2019

Phalcon AWACS

India's Balakot-proven eye-in-the-sky fleet to get a boost with new platforms

DRDO will acquire two more Airbus A330 and modify them by mounting advanced radar and electronic suite to see deeper into Pakistan while remaining on the Indian side.

Nov 22, 2019

Sye Raa Narasimha Reddy 50 days poster

Sye Raa Narasimha Reddy 50-day box office collection: Chiranjeevi film incurs over Rs 50 crore losses

Chiranjeevi's Sye Raa Narasimha Reddy (SRNR) has collected around Rs 240.60 crore gross at the worldwide box office. The film has returned Rs 141.40 crore to its distributors in 50 days.

Nov 21, 2019

Great e-commerce festival sales

Rs 31,000-crore Amazon, Flipkart festive sales draw traders' rage to e-commerce

Total sales of Rs 31,000 crore of Amazon and Flipkart were 14% off the target; expansion of e-tailers into new geographies in a slowing economy gripped by credit crunch has worried traders across the country.

Nov 19, 2019

Saudi Aramco IPO

Saudi Aramco IPO: Oil giant may beat valuation shock with record stake sale

Saudi national oil company Aramco lowers valuation target to $1.71-trillion from earleir $2 trillion; 1.5% stake sale could still top Alibaba's $25-billion IPO to become the world's biggest.

Nov 18, 2019

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