Rupee drops 7 paise against US dollar

16-02-2017

Mumbai, Feb 16 (PTI) The rupee depreciated 7 paise to 66.97 against the US dollar in early trade today on fresh demand for the American currency from importers and banks. Dealers attributed the rupee's fall to fresh demand for the US currency from importers, but a higher opening in the domestic equity markets and dollar's weakness against some currencies overseas capped the losses.

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Clarifications on implementation of GAAR provisions under the Income Tax Act, 1961
January 29, 2017

 The General Anti Avoidance Rule (GAAR) provisions shall be effective from the Assessment Year 2018-19 onwards, i.e. Financial Year 2017-18 onwards.  The necessary procedures for application of GAAR and conditions under which it shall not apply, have been enumerated in Rules 10U to 10UC of the Income-tax Rules, 1962.The provisions of

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Is Microsoft Leaping Ahead of Amazon?
January 28, 2017

Amazon has used its cloud-computing success to fund other parts of the business. But now Microsoft seems to be providing some real competition. Amazon’s cloud-computing business doesn’t attract as many headlines as some of its sexier endeavors. But it’s one of the steadiest aspects of the retailer’s business, allowing Amazon.com

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Siemens wins order worth Rs 366 crore from ONGC
January 25, 2017

Mumbai, Jan  (PTI) Siemens today said it has bagged an order worth Rs 366 crore from ONGC for overhauling of power turbines. "The order includes supply of material for overhauling of 18 power turbines through zero hour overhaul and time continued overhaul," it said in a statement issued here. The zero hour overhauling will be first of its

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  Idea Cellular to raise Rs 2,000 crore via debt
January 25, 2017

ew Delhi, (PTI) Telecom operator Idea Cellular today said it will raise Rs 2,000 crore through issuance of non-convertible debentures. "... the Company is proposing to issue Unsecured Redeemable Non-Convertible Debentures amounting to Rs 2,000 crore on private placement basis," Idea said in a BSE filing. The NCDs are proposed to be

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Samsung India launches 19 service vans in Telangana
January 25, 2017

Hyderabad (PTI) Samsung India today announced the launch of its service vans for Telangana to provide world-class service to its customers at their door steps. As many as 19 service vans were flagged off in the city in the first phase of the initiative by Anurag Prashar, vice president, Customer Satisfaction at Samsung India in the presence of

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Give Rs 1,000 subsidy to buy smartphones: CMs’ panel
January 25, 2017

New Delhi, (PTI) A Rs 1,000 subsidy for purchase of smartphones by non-tax assesses and small merchants and a cash transaction tax on withdrawals of Rs 50,000 and above in banks have been recommended by a Chief Ministers' panel today to encourage digital payments. The Chief Ministers' Panel report, which was submitted to Prime Minister Narendra

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