Category: Corporate

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

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Why speculate when Whispersinthecorridors is always first to tell you who goes where

Newsroom24x7 Network   New Delhi: Its not only in the case of the Bureaucracy, Corporate world, Banking sector and the Defence forces that  whispersinthecorridors.com always hits the bulls eye everytime it makes a forecaste but what’s amazing is that this platform is also a concrete source of credible information when it comes to projecting political developments well

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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,

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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

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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

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Mallya arrested in London, released on bail

Newsroom24x7 Network London: Liquor baron and owner of the grounded Kingfisher Airline Vijay Mallya, who has been charged of fraud and defaulting on loans in India, was today arrested on India’s request by Scotland Yard in London. Mallaya was arrested on an extradition warrant on behalf of India at a police station in central London.

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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

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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

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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

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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

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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

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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

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Global CEOs call on PM

newsroom24x7Desk New Delhi, Feb. 2: A group of CEOs including Anshu Jain of Deutsche Bank AG, Dieter Zetsche of Daimler AG, Kurt Bock of BASF, Heinrich Biersinger of Thyssen Krupp, Yngve Slyngstad of Norgos, and Feffrey Jaensubhakiji of GIC AM; called on the Prime Minister Narendra Modi today. The CEOs appreciated the economic reform initiatives

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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

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