Business

With Chennai Petroleum's absence, Iran is left with just two Indian clients, Managalore Refinery and Petrochemicals Ltd, and Indian Oil Corp (IOC).

The Indian government last week announced a slew of steps aimed at stemming a steep decline in the rupee.

Analysts believe that a combination of surge in crude prices and trade war tensions weighed on the rupee.

Infosys had agreed to pay former CFO Rajiv Bansal a severance amount of Rs 17.38 crore or 24 months of salary, but the IT company suspended payments after he got Rs 5 crore as co-founder NR Narayana Murthy and others objected to the severance package as e...

The BSE 30-share barometer dropped 366.52 points, or 0.96 per cent, to 37,724.12 driven by losses in index majors Axis Bank, SBI, Asian Paint, Tata Motors, HDFC and HDFC Bank.

As per the Central GST (CGST) Act, the notified entities are required to collect TDS at 1 per cent on payments to goods or services suppliers in excess of Rs 2.5 lakh. Also, states will levy 1 per cent TDS under state laws.

This also pulled down the markets with the benchmark Sensex crashing by over 509 points or 1.34 per cent, to close at 37,413.13.

Releasing the panel's interim report for public comments till September 17, Sebi said the committee has suggested allowing NRIs, Overseas Citizens of India and Resident Indians to be allowed to hold non-controlling stake in FPIs.

The tax authorities had set September 7 as the due date for depositing a withholding tax on the deal amount it paid to shareholders of Flipkart.

The dollar trend overseas supported the rupee but losses in domestic equities kept investors mood dampened, capping the domestic currency's gains.

Besides, Motilal Oswal Commodities Broker Pvt Ltd has also been directed by the Sebi to appear for a hearing on September 27 at the regulator's head office in Mumbai.

According to SAIL spokesperson, SIAL were at loss in 2017-18 and not in a position to pay dividend for the fiscal.

The Central Board of Direct Taxes (CBDT) had earlier extended the 'Due Date' for filing of Income Tax Returns from July 31 to August 31, this year for salaried employees.

The government think tank has recommended that the proposed authority should provide strategic guidance for development of the region in a sustained manner.

Apart from Reliance Industries (RIL), Tata Consultancy Services (TCS), Hindustan Unilever (HUL), HDFC and Maruti Suzuki, India saw a rise in their market capitalisation (m-cap) for the week ended August 24.

The cash-rich L&T, which is one of the most diversely held companies in the country, plans to buy back 6 crore shares at a maximum price of Rs 1,500 apiece, which is over 13 per cent premium to Tuesday's closing price of Rs 1,322.15.