India's revised double taxation avoidance agreement (DTAA) with South Korea, under which capital gains tax will be levied at the source with effect from April 1, 2017, has come into force from September 16, on being notified, an official statement said on Wednesday.
In a big relief to commuters on the busy Delhi-Noida-Direct (DND) flyway, the Allahabad High Court (HC) on Wednesday waived the toll tax.
State-run Canara Bank on Wednesday reported standalone net profit of Rs 357 crore for the second quarter (July-September) of this fiscal (2016-17, registering 33 per cent decline from Rs 529 crore in like period year ago.
It is the non-performing loans built by government banks that has impeded lending to industries and not the high interest rates charged by the bankers, marketing research and analysis consultancy Frost & Sullivan said on Wednesday.
Allaying fears of a slowdown, Indian IT industry's representative body Nasscom on Wednesday said the start-up ecosystem was maturing to grow faster and stay ahead of competition from Israel and China.
Indian stock exchanges BSE and NSE on Wednesday sought clarification from Tata group's leading listed firms on startling disclosures Tata Sons' ousted Chairman Cyrus P Mistry made in a letter to its directors.
To apply science to boost rural economy, the government on Wednesday announced the launch of two new programmes -- Biotech-KISAN and Cattle Genomics.
Apparently disappointed at India's persistent low ranking in the World Bank's 'ease of doing business' index, Prime Minister Narendra Modi on Wednesday asked top bureaucrats to study the report and give their feedback within a month.
Haryana will be the first state in the country to give the benefit of the 7th Central Pay Commission (CPC) recommendations to its employees from January 1, 2016, Haryana Chief Minister Manohar Lal Khattar said on Wednesday.
In order to compensate states for loss of revenue in the Goods and Services Tax (GST) regime, a cess on tobacco and luxury goods is an option preferable over additional tax, which will be exorbitantly high, Union Finance Minister Arun Jaitley said on Wednesday.