Corporate tax rates slashed to 22% for domestic companies and 15% for new domestic manufacturing companies

Newsroom24x7 Network Panaji (Goa): Government of India has brought in the Taxation Laws (Amendment) Ordinance 2019 to make certain amendments in the Income-tax Act 1961 and the Finance (No. 2) Act 2019. This was announced by the Union Minister for Finance & Corporate Affairs Nirmala Sitharaman during a Press Conference in Goa on Friday 20… Read More Corporate tax rates slashed to 22% for domestic companies and 15% for new domestic manufacturing companies

Jet Airways is grounded as consortium of lenders refuse to fund critical services

Newsroom24x7 Network Mumbai: Late night this past Tuesday 16 April 2019, Jet Airways was informed by the State Bank of India (SBI), on behalf of the consortium of Indian Lenders, that they were unable to consider its request for critical interim funding. Since no emergency funding from the lenders or any other source was forthcoming,… Read More Jet Airways is grounded as consortium of lenders refuse to fund critical services

Anandam International is building a global network of warehouses

Anandam International Chairman Ashok Anand, who has been running a highly successful real estate business in Bhopal, took the lead more than 10 years ago and has the credit of setting up a state of the art logistic hub at Mandideep near Bhopal the capital of the central Indian State of Madhya Pradesh, has embarked… Read More Anandam International is building a global network of warehouses

BHEL Bhopal diary: Vigilance Awareness Week and Fire-fighting mock drill

Newsroom24x7 Staff Bhopal: A fire-fighting mock drill by CISF was conducted today at ISRO/MCF Main Satellite Control Centre Hall to test and demonstrate fire-fighting capabilities. The fire-fighting mock drill was organised for 70 fire-fighters from CISF- MCF/ISRO; CISF-Fire BHEL, Bhopal; NDRF, Bhopal; DSCC- Army; Bhopal City Fire Services Division, Bhopal Police and Intelligence Bureau. On… Read More BHEL Bhopal diary: Vigilance Awareness Week and Fire-fighting mock drill

Pilot gets DGCA notice for reporting late by 60 seconds and Air India woes

Lalit Shastri By serving notice to an Air India pilot this past Friday accusing him of reporting late by 60 seconds on flying duty, the Director General of Civil Aviation, the regulatory body governing the safety aspects of civil aviation in India, has not come through with flying colours. Instead this one action by DGCA… Read More Pilot gets DGCA notice for reporting late by 60 seconds and Air India woes

26 top slots in Public Enterprises are being filled

   Newsroom24x7 Desk New Delhi: The Public Enterprises Selection Board has started the process to fill more than two dozen top-level posts in different Government of India owned public enterprises. Applications have been invited for 26 CMD or Director ;level vacancies in Government of India administered public sector undertakings. The deadline to apply for these posts is between… Read More 26 top slots in Public Enterprises are being filled

IndianOil launches Indane NANOCUT – A superior ‘Make in India’ LPG metal cutting solution

Newsroom24x7 Desk New Delhi: In another pioneering move, Indian Oil Corporation, India’s flagship energy major, has introduced Indane NANOCUT, a high-therm cutting gas for industrial applications in metal cutting segment. While launching the product, B Ashok, Chairman, IndianOil, said, “The breakthrough nanotechnology additive developed by IndianOil R&D Centre shall give a huge boost to the… Read More IndianOil launches Indane NANOCUT – A superior ‘Make in India’ LPG metal cutting solution

Goodyear collaborates with Plan India to improve the lives of children

Newsroom24x7 Desk New Delhi, Delhi: Goodyear in India has extended its campaign of spreading joy on the road to now also spread joy off the road for many children in New Delhi and Mumbai. The leading tyre manufacturer has partnered with Plan India, a child centered community development organization, to support Plan India’s “Early Childhood Care… Read More Goodyear collaborates with Plan India to improve the lives of children

Indian telecoms auction to witness intense bidding

Newsroom24x7 Desk The Indian telecoms auction starting today is likely to see intense bidding by telcos to retain their existing spectrum and to acquire new spectrum as supply is limited, says Fitch Ratings. Telcos, according to Fitch, are likely to commit at least USD 13bn in the auctions – over 75% of which is likely… Read More Indian telecoms auction to witness intense bidding

State Governments offering to sell 10 year securities

Newsroom24x7 Desk Mumbai, Feb. 6: Thirteen State Governments have offered to sell 10 year securities by way of auction for an aggregate amount of Rs. 11,620 crore at Face Value. The states offering to sell 10 year securities by auction to raise between  Rs. 1000 crore to Rs. 1500 crore are Gujarat, Karnataka, Kerala, Madhya… Read More State Governments offering to sell 10 year securities

Vodafone case opens the gate to non-adversarial tax regime

Newsroom24x7 Analysis The Bombay High Court’s order in the transfer pricing case linked with British Telecom giant Vodafone has helped Government of India reiterate commitment for a non-adversarial tax regime and leave a positive impact on foreign investors. Following the High Court ruling in the Vodafone case, the Union Cabinet led by Prime Minister Modi, was prompt… Read More Vodafone case opens the gate to non-adversarial tax regime

The outlook is stable for Tata Motors Limited

Newsroom24x7 Desk Mumbai, Jan. 30: The consolidated profile of Tata Motors Limited (TML) is expected to remain strong over the medium term despite its large capex plans (FY14 Capex: INR 269bn) says Fitch Ratings. Fitch expects the capex to be funded largely from TML’s operational cash flows supported by the continuing sound operations of Jaguar Land… Read More The outlook is stable for Tata Motors Limited

10 top posts in GoI Public Enterprises are now being filled

Newsroom24x7 Desk New Delhi, Jan. 28: Ten top posts in Government of India controlled Public Enterprises are being filled and the last date to apply for these posts varies between February 12 and March 26, 2015. List of vacancies to be filled and other details are as follows: Sl. No. Name of the PSU Post… Read More 10 top posts in GoI Public Enterprises are now being filled

Sudhir Sharma will be Director (Exploration), ONGC Videsh Ltd

Newsroom24x7 Desk New Delhi, Jan. 28: Sudhir Sharma, GGM OVL/ONGC will now be Director (Exploration) in ONGC Videsh Limited. He was interviewed at a selection meeting by the Public Enterprises Selection Board yesterday. Others interviewed, along with Mr. Sudhir Sharma, for the post of Director (Exploration) in ONGC Videsh Limited were A.K. Deshwal, ED OVL, Ashutosh Bhardwaj,… Read More Sudhir Sharma will be Director (Exploration), ONGC Videsh Ltd

Fitch Rates Bharat Petroleum’s US$ 2bn MTN Programme as ‘BBB-‘

Company’s net leverage to increase to around 5x over the next two to three years Singapore/Mumbai, Jan.28: Fitch Ratings has assigned a ‘BBB-‘ rating to India-based Bharat Petroleum Corporation Limited’s (BPCL; BBB-/Stable) USD2bn medium-term note programme. KEY RATING DRIVERS Strong Government Linkage: BPCL has very strong linkages – operationally and strategically – with its 54.9%… Read More Fitch Rates Bharat Petroleum’s US$ 2bn MTN Programme as ‘BBB-‘

More than dozen Public Sector top slots are now being filled

Newsroom24x7 Desk New Delhi, Jan. 16:  Many top public sector posts are to be filled in organisations like Central Coalfields Limited, Hindustan Salts Limited, Oil India Limited, Bharat Sanchar Nigam Limited (BSNL), and  National Small Industries Corporation Limited within a short period. Here is a list of posts that have a deadline for sending applications… Read More More than dozen Public Sector top slots are now being filled

Ajay Kumar V will be Director in BPRL

Newsroom24x7 Desk New Delhi, Jan. 15: AJAY KUMAR V, General Manager (OVL) ONGC will be the next Director (Operations and Busines Development), Bharat Petro Resources Limited. The Public Enterprises Selection Board has recommended Ajay Kumar’s name for appointment as Director in BPRL after interviewing ten candidates from BPCL, ONGC, SAL, RINL, NALCO and Ministry of… Read More Ajay Kumar V will be Director in BPRL