business and finance

Biocon share price rises 3% on receiving EIR from USFDA

Share price of Biocon rose up to 3.22% to Rs 360.9 against previous close of Rs 349.65 on BSE




business and finance

RBL Bank share price falls over 8% on weak earnings in Q4

Share price of RBL Bank fell up to 8.77% to Rs 117.6 compared to the previous close of Rs 128.90 on BSE




business and finance

Tata Motors share price closes nearly 2% lower after firm cancels Rs 1,000-crore NCDs issue

Share price of Tata Motors slipped 2.36% intra day to Rs 84.85 compared to the previous close of Rs 82.50 on BSE




business and finance

ICICI Bank FY20 results: Profit jumps 135% to Rs 7,931 crore; asset quality improves

For the fourth quarter ended March 31, 2020, ICICI Bank reported a 26 per cent rise in net profit at Rs 1,221 crore compared to Rs 969 crore a year ago




business and finance

Coronavirus lockdown: It's Delhi vs Bihar on who pays the train fare for migrant workers

According to a PTI report, all state governments except Maharashtra have been paying for the railway costs to ferry passengers to their native places




business and finance

100 days of coronavirus in India: 1 new case in Kerala in 24 hours; 1st infection on Jan 30, says CM Vijayan

Kerala coronavirus cases: With May 8 being the 100th day of COVID-19 outbreak in India, Kerala reported only one new case in 24 hours, state CM Pinarayi Vijayan said on Friday




business and finance

Coronavirus: 6-week-old baby dies due to COVID-19 in England

UK COVID-19 news: The death comes as Britain prepares for some easing in the strict lockdown measures in place to curb the spread of the deadly virus as it is believed that Britain is past the peak of the pandemic




business and finance

Not allowing trains for stranded migrants injustice: Amit Shah tells Mamata Banerjee

In a letter to Banerjee, Shah accused the Bengal government of not allowing "shramik (worker)" trains to reach Bengal and warned that non-cooperation would create hardship for state's migrants




business and finance

ICICI Bank to raise up to Rs 25,000 crore via debt securities

ICICI Bank's board also approved issuances of bonds/notes/offshore Certificate of Deposits in overseas markets up to $3 billion in single or multiple tranches for a period of one year




business and finance

FM Sitharaman says Rs 18,253 crore disbursed under PM-KISAN scheme during lockdown

The FM also said that about three crore farmers with agricultural loans totaling Rs 4,22,113 crore availed the benefit of the 3-month loan moratorium announced by the Reserve Bank of India (RBI) in March




business and finance

Facebook allows employees to work from home until year end

The US-based firm also expects most offices to stay closed until July 6. Facebook currently employs 48,268 people, an increase of 28 percent (year-over-year)




business and finance

Coronavirus vaccine: ICMR, Bharat Biotech join hands to develop vaccine for Covid-19

Globally, efforts are underway to develop a vaccine to treat Covid 19 which has stalled economic activity and led to death of over 2.77 lakh people across the world




business and finance

Rs 411 crore loan defaulters flee country, SBI complains to CBI after 4 years

The CBI had recently booked Ram Dev International and its directors Naresh Kumar, Suresh Kumar and Sangita, for defrauding Rs 414 crore




business and finance

Fighting COVID-19 with facts not fear: How India can get back to work after coronavirus lockdown

Under complete lockdown less than a quarter of India's $2.8 trillion economy is functional. We are expected to lose over Rs 32,000 crore ($4.5 billion) every day during the lockdown




business and finance

Coronavirus outbreak: Credit flow to MSMEs needs to grow 20% from 2% to address growing unemployment

A cluster-based approach to lending is likely to be the best strategy for optimal results in the shortest possible time to accelerate credit flow to the MSME sector




business and finance

4 things that may shape deal-making in post-COVID-19 world

Businesses that will be able to identify and implement changes and address new risks in the post-COVID-19 world would have advantages and can expect value appreciation




business and finance

If trials are successful, Serum Institute to sell coronavirus vaccines for Rs 1,000, says CEO Adar Poonawalla

Adar Poonawala, CEO of Serum Institute of India, says he is taking the risk of initiating production even before the vaccine has reached advanced clinical trials




business and finance

Coronavirus crisis: Why television industry is bleeding despite record consumption

While marketing and promotional activity is not an immediate priority for advertisers struggling to re-build their own businesses, revenues will remain subdued through the middle of 2021




business and finance

Coronavirus crisis: How will Indian auto industry change post COVID-19 lockdown

With most auto-stocks down by nearly 40-70% since February 2020, the post-COVID-19 scenario might see consumers move away from all forms of shared mobility to more personal forms of transport




business and finance

Coronavirus outbreak: 3 inevitable changes COVID-19 pandemic will bring about in the world order

Once the menace of COVID-19 pandemic is over, a new ecopolitical order will emerge which will be more focussed on human development, infrastructure around health and education, climate preservation and most importantly on people




business and finance

Coronavirus impact: What Indian companies need to do to survive in a post COVID-19 world

Companies' success in the next 18 months won't be determined by their growth or profitability, but merely by their ability to survive and not run out of cash




business and finance

Tax-News.com: Nautilus Welcomes Progress On Maritime Labour Convention Amendment

Nautilus, an international trade union for maritime workers, has welcomed the outcome of top-level talks on updates to the Maritime Labour Convention to include measures to address bullying and harassment and to safeguard seafarers' wages when they are held captive.




business and finance

Tax-News.com: Inmarsat Hails Progress Towards Truly Global Internet

Inmarsat, together with Global Marine Networks and Network Innovations, announced on February 22 that the trial of Fleet Xpress in Antartic waters was a success. The service – the world's first globally available high-speed broadband service from a single network operator – was installed on board the adventure cruise ship Ocean Nova.




business and finance

Tax-News.com: Container Shipping Lines Offer Pricing Policy Shake-up

The European Commission has invited comments on commitments offered by fifteen container liner shipping companies to address concerns raised relating to concerted practices.




business and finance

Tax-News.com: London On-Water Boat Show To Open In May

The organizers of last year's St Katharine Docks On-Water Exhibition have announced that they are planning an event this year, on May 4-7, that will be double the size of last year's, renamed as "The London On-Water Yacht and Boat Show."




business and finance

Tax-News.com: Dutch Ports Appeal Against EU Tax Ruling

The European Commission's ruling directing the Government of the Netherlands to repeal corporate tax exemptions benefiting six seaports will be appealed by the ports in question.




business and finance

Tax-News.com: EFTA Signs FTA With The Philippines

Representatives of the European Free Trade Association - Iceland, Liechtenstein, Norway, and Switzerland - and the Philippines signed a free trade agreement in the Swiss capital of Bern on April 28.




business and finance

Tax-News.com: Norway's Tax Refunds For Ship Owners Approved

The European Free Trade Association Surveillance Authority has approved a Norwegian state aid scheme which grants tax refunds to ship owners.




business and finance

Tax-News.com: EFTA States Conclude Georgia FTA, Begin Ecuador Talks

The member states of the European Free Trade Association signed a free trade agreement with Georgia during a meeting on June 27, 2016.




business and finance

Tax-News.com: Hong Kong, Russia DTA Enters Into Force

The comprehensive double taxation agreement between Hong Kong and Russia, which was signed in January this year, entered into force on July 29, 2016, and will be in effect in Hong Kong for any year of assessment beginning on or after April 1, 2017.




business and finance

Tax-News.com: EFTA Approves Norwegian Tonnage Tax Extension

The European Free Trade Association Surveillance Authority has approved a six-month extension of the current Norwegian special tax system for shipping under the area's state aid rules.




business and finance

Tax-News.com: Seychelles Issues Final Ruling On Expenses Deduction

The Seychelles Revenue Commission has issued its final Public Ruling 2016-2 to provide clarity regarding the methodology used to calculate the additional special business tax deduction allowed for marketing and promotion expenditure.




business and finance

Tax-News.com: EFTA Approves Eco Tax Incentives For Norwegian Ships

The European Free Trade Association Surveillance Authority has approved a tax-based state aid scheme aimed at reducing maritime transport pollution in Norway.




business and finance

Tax-News.com: South Africa Consults On Diesel Fuel Tax Refund Overhaul

The South African National Treasury has issued a discussion paper on a new diesel tax refund system, reviewing its administration and addressing anomalies related to its qualifying activities and beneficiaries.




business and finance

Tax-News.com: Hong Kong Seeking To Improve Insurance Tax Incentives

The Financial Services Development Council released a report on March 3 on the policies, including tax measures, Hong Kong could adopt to improve its position as an insurance hub, especially in reinsurance, marine insurance, and captives.




business and finance

Tax-News.com: Greek Shipowners Agree Extra Tax Payments

The Greek shipping industry has agreed to renew a tax agreement under which shipping companies pay additional tax to the Government.




business and finance

Tax-News.com: EU Expected To Adopt New Fuel Marker To Prevent Fraud

New chemical markers intended to be used in gas oil (diesel) and kerosene in the EU are more resilient to fraud than the one currently applied, and introducing a new marker might cost less than member states currently lose in tax revenues, a new EU report says.




business and finance

Tax-News.com: Greek Shipping Firms Unhappy With Tax Regime

Tax regime instability has been cited by Greek shipping companies as a reason why they would consider switching to an alternative jurisdiction, according to a report by EY.




business and finance

Tax-News.com: Norway's Reelected Conservatives Pledge Tax Cuts

Norway's reelected Conservative Prime Minister, Erna Solberg, has pledged tax cuts for companies to encourage higher investment, job creation, and economic growth.




business and finance

Tax-News.com: India To Amend GST Rates On Oil, Gas Industry

India's Goods and Services Tax Council has proposed new GST rates for the oil and gas industry.




business and finance

Tax-News.com: Philippines May Soon Ratify FTA With European States

Having endorsed the deal, the President of the Philippines, Rodrigo Duterte, has forwarded on a bill to ratify the free trade agreement with the European Free Trade Association states to the Senate.




business and finance

Tax-News.com: EC Scrutinizes Tax Breaks For Polish Shipyards

The European Commission has opened an in-depth investigation into a Polish tax scheme for shipyards, which it says could give shipbuilders an unfair competitive advantage over rivals.




business and finance

Tax-News.com: European, African States To Review Free Trade Agreement

The European Free Trade Association states (Iceland, Liechtenstein, Norway, and Switzerland), and the South African Customs Union have begun negotiations to review their existing free trade agreement.




business and finance

Tax-News.com: Swiss Government Signs Off On Tax, Trade Issues

Switzerland's Government has recently decided on a number of trade matters and reviewed its plans for changes to how it administers vehicle taxes.




business and finance

Tax-News.com: EFTA States, Indonesia Ink Trade Deal

The European Free Trade Association states – Switzerland, Liechtenstein, Norway, and Iceland – and Indonesia have signed a Comprehensive Economic Partnership Agreement (CEPA), which will slash tariffs on a majority of industrial goods.




business and finance

Tax-News.com: Hong Kong Gazettes Tax Breaks For Ship Leasing

The Hong Kong Government has published in the Gazette legislation to provide profits tax concessions to certain ship lessors and ship leasing managers.




business and finance

Super expensive BMW launched in India! Luxury car M8 coupe costs Rs 2.15 crore

Both cars come with eight-speed steptronic sport automatic transmission and a host of safety features like six airbags, attentiveness assistance, dynamic stability control, including dynamic traction control, anti-lock braking system and electric parking brake




business and finance

Coronavirus: Malaria drug HCQ fails to show any positive results

Among patients given hydroxychloroquine, 32.3% ended up needing a ventilator or dying, compared with 14.9% of patients who were not given the drug




business and finance

Coronavirus lockdown: JK Tyre to resume partial operations across country

The company has also resumed operations at its global research and development hub located in Mysore, Karnataka




business and finance

$1.5 billion impact! Coronavirus lockdown, supply disruptions badly hit pharma exports

According to figures declared by the Pharmaceutical Export Promotion Council of India (Pharmexcil), pharmaceutical exports registered a growth of 11.21 percent during the first quarter of FY20