Business

Pakistan International Airlines (PIA), haemorrhaging money and losing market share to Gulf-based rivals such as Etihad and Emirates, has been hit by management turmoil in recent years and a 2016 plane crash that led to 47 deaths.

Trading worth about Rs 13 lakh crore in corporate bonds was reported on the two bourses during 2016, going by data compiled by capital market regulator Sebi.

Vedanta, which in 2011 bought Cairn India to enter oil business, is facing a Rs 20,495 crore tax demand that was raised using a legislation that gave the tax department powers to raise tax demand retrospectively.

The BSE Sensex gained 88.90 points to end at 34,592.39, while the broader NSE Nifty finished at 10,681.25, up 30.05 points.

The 30-share index advanced 134.93 points, or 0.39 per cent, to trade at an all-time high of 34,638.42, surpassing its previous high of 34,565.63, recorded on January 10.

The 30-share index rose by 51.78 points, or 0.15 per cent, at 34,484.85, in opening trade with IT, realty, teck, power and auto leading the recovery by rising up to 0.80 per cent.

The market regulator's order comes nearly nine years after the scam at Satyam Computer Services came to light and after two failed attempts by auditor major Price Waterhouse to settle the case through consent mechanism.

The Confederation of All India Traders (CAIT) said the move will facilitate easy entry of MNCs (multi-national companies) in the retail trade.

The Tower and Infrastructure Providers Association (TAIPA) has sought an extension of some tax benefits that are granted to some non-telecom infrastructure firms and amendments in Goods and Services Tax.

Officials close to the development said, GST law changes may come in budget session via finance bill if GST council gives a nod on 18 January.

Arrivals from India to Australia grew by 15 percent for the year ended October 2017, with an influx of 294,000 visitors, compared to the same period last year, making it the ninth largest inbound market for Australia.

A formal programme for the event, starting January 22, will be announced soon by the Geneva-based WEF for its 48th annual meeting whose theme will be creating a shared future in a fractured world.

The 30-share index, which had gained 208.80 points in the previous session, fell 18.19 points, or 0.05 per cent, to 34,038.64 in early trade today.

Once the e-way bill system is implemented, tax avoidance will become extremely difficult as the government will have details of all goods above the value of Rs 50,000 moved and can spot the mismatch if either the supplier or the purchaser does not file ta...

Earlier this year, the Department of Consumer Affairs amended the Packaged Commodity Rules 2011 and issued a notification, under which sellers on all e-commerce sites will have to disclose the actual MRP of the product January 1 onwards.

Speaking on the concluding day of the 11th Global Doctors' Summit in Kolkata, Naidu said the improvement in India's tax system with the introduction of GST will ultimately benefit its people.