Business

A rapidly growing middle-class population opting to use cards for purchases and rising internet penetration make India an attractive target for cyber criminals.

The CBDT committee also said MNCs that are incurring global losses or a global profit margin of less than 2% and have operations in India will be deemed to have made a profit of 2% of Indian revenue or turnover and will be taxed accordingly.

IRFC raises funds from capital markets and through borrowing for funding expansion plans of the Indian Railways. IRCTC handles the catering and tourism activity of the railways.

The moves come even as Jet scrambles to secure emergency funds and its lenders try to hurry through a sale process to identify an investor willing to acquire a majority stake in the airline and attempt to turn it around.

The DDA’s 2020 Housing Scheme will have on offer 11 residential towers with 1,114 flats— comprising 14 penthouses, 168 super (higher income group) HIG flats and 932 HIG flats.

Jet Airways is grappling with acute financial crunch and is operating less than 10 planes besides temporarily suspending international operations.

The scrip listed at Rs 633, zooming 17.65 per cent from the issue price on the BSE. It later jumped 22.67 per cent to Rs 660.

Wipro is scheduled to report fourth-quarter results later in the day. Larger rivals Tata Consultancy Services Ltd and Infosys Ltd kicked off the Indian corporate results season on Friday.

The 30-share index was trading 239.11 points or 0.61 per cent higher at 39,144.95, and the NSE Nifty was trading 63.35 points, or 0.54 per cent, up at 11,753.70 in early session.

ITC was the biggest gainer in the Sensex pack, rallying 3.14 per cent. Maruti Suzuki, Axis Bank, Hero MotoCorp, Vedanta, Asian Paints, M&M, HUL, Bajaj Auto and PowerGrid were among the other top gainers, rising up to 2.13 per cent.

In terms of volume, 1.65 lakh shares were traded on the BSE during the day, while over 31 lakh shares changed hands on the NSE.

The Tata group had retained the property at a license fees of Rs 7.03 crore per month including GST. Earlier, they were paying Rs 3.94 crore per month as license fees.

On the verge of going belly up amid acute cash crunch, the airline has reduced its fleet to just 14 planes as of Thursday--way down from 123 planes in operations at the peak.

While strengthening of the American currency in the overseas market weighed on the domestic currency, sustained foreign fund inflows restricted the fall.

For the last few weeks, the cash-strapped Jet Airways has been grounding its aircraft due to non-payment of dues to its lessors.

The 30-share Sensex opened higher at 38,993.60 against the Friday's close of 38,862.23. It was trading at 39,013.22, up 150.99 points or 0.39 per cent, in early deals.