India

GSTN portal to be ready for invoice uploading from July 24

Invoices for transactions above Rs 200 need to be generated on the GST network with records of serial numbers to claim input tax credit.

Jul 16, 2017

Exports up for 10th month in June, but at slower rate of 4.4%

Cumulative trade deficit almost doubled in June to $40 billion riding on the back of rising gold imports.

Jul 15, 2017

Gone with the wind? Inox Wind becomes first insolvency case in wind energy

Operational creditor Jeena & Company submitted to the company law tribunal that Inox Wind has outstanding payments of Rs 57.5 lakh as of March 25, 2017.

Jul 15, 2017

Held to account: NRIs may be asked to disclose financial details outside India

NRIs will have to share account numbers of overseas bank accounts, bank names and office locations with the tax office, says Economic Times report.

Jul 14, 2017

Infibeam founder Vishal Mehta denies bidding for Snapdeal

Economic Times had quoted two sources in a report that the all-stock bid for Snapdeal was estimated to be about Rs 6,652.75 crore.

Jul 14, 2017

No child's play: GST migrations caused systems crashes at retail firms, says toy company

Ahead of GST launch on July 1, many retail firms suffered systems shutdowns while migrating from VAT-oriented taxation formats, hitting their supplies for a week.

Jul 14, 2017

Is supercluster 'Saraswati' 200 million billion times heavier than the Sun?

It is supposed to have originated some 10 billion years ago and might help us understand dark energy and its role in expansion and evolution.

Jul 14, 2017

Tilting at turbines: Fanning wind energy growth will need time; and, a perfect storm

India's renewable energy targets for 2022 seem steep for an industry hamstrung by spatial and technological limitations.

Jul 13, 2017

Low tea: Close to 18% of gardens in India are 'sick', cautions Tea Board

The board has advised tea garden owners to visit the top performing plantations to understand best practices and how to implement them.

Jul 13, 2017

Tata Steel sells two UK pipe mills to Liberty House Group

The mills in Hartlepool employ 140 people and have a production capacity of over 250,000 tonnes a year.

Jul 11, 2017

Modi govt saved Rs 50,000 crore by removing corruption, says Ravi Shankar Prasad

1.16 billion people have entered the Aadhaar system so far, village level entrepreneurs will push it further.

Jul 11, 2017

Bharti Airtel to invest upto Rs 2,000 crore to improve services

New innovations under 'Project Next' will deliver a seamless real-time digital experience with new version of MyAirtel App.

Jul 10, 2017

Israel's Check Point Software to ramp up India operations

Israel's biggest tech company is looking to push value additions to its worldwide security products and services clients.

Jul 10, 2017

French regulator ANSM finds lapses at Biocon plant, stock falls 9%

Until the drug product facility gets clearance on a follow-up review, Biocon will not get marketing approval for its biosimilars.

Jul 10, 2017

Adarsh scam: Defence ministry probe indicts ex-Army chiefs Deepak Kapoor and Vij

Validates earlier Army probe; says Gen Vij appeared to have provided "protective umbrella" to the guilty.

Jul 9, 2017

India hits out at Pakistan for glorifying Hizbul Mujahideen commander Burhan Wani

Burhan Wani was killed in an encounter with Indian security forces last year on July 8 in 2016.

Jul 9, 2017

Good in parts: Break-up of Air India an option as Modi pushes speedy sale

Modi's office has set a deadline of early next year to get the sale process for Air India underway

Jul 9, 2017

Tax dues: Income tax department to attach shares if Cairn doesn't cough up Rs 10,395 crore

In a notice, the Income Tax Department has given the British firm 15 days to repay or face attachment of shares.

Jul 9, 2017

India is the new global growth pole; to hold lead over China: Harvard study

India is among countries which have accumulated new capabilities for more diverse and complex production to push faster growth going ahead.

Jul 9, 2017

Hand 'em over: Narendra Modi meets Theresa May, urges extradition of Vijay Mallya-like runaways

Liquor baron Vijay Mallya is sought by India after his doomed airline Kingfisher defaulted on several bank loans amounting to nearly Rs 9,000 crore.

Jul 8, 2017