The top court said allowing criminal charges to be pressed against...
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Aviva India fined $7.5 million by Income Tax authorities for fake invoice scheme
After hearing Aviva's defence, joint tax commissioner Aditya Singh...
India to form Deregulation Commission: PM Modi
Prime Minister Narendra Modi "It is my conviction that there should...
Budget 2022: Insurers urge higher 80 C investment limit; cut in GST on health products
"The industry has long pending expectations from the policy makers for incentivizing people to get life insurance by giving a separate deduction limit of minimum Rs 1 lakh for insurance premium payment under Section 80C," Tarun Rustagi Chief Financial Officer Canara...
LIC posts profit after tax of Rs 1,437 cr during Apr-Sept
Investments of policyholders have grown Rs 5.9 lakh crore to Rs 37.72 lakh crore in the first half of FY22. Investments of shareholders grew Rs 56.17 crore to Rs 6,311 crore Mumbai: IPO-bound Life Insurance Corporation of India (LIC) on Tuesday reported a profit after...
Taxation of ULIP proceeds to create ‘level-playing field’ with MFs: I-T dept
The Central Board of Direct Taxes (CBDT), that frames policy for the income tax department, had on January 18 notified the rules stating the method of calculation of capital gains with regard to ULIPs with annual premium of more than Rs 2.5 lakh and subsequently...
HDFC Life launches ESG fund
The objective of this fund, which will be part of HDFC Life Click 2 Wealth, is long-term capital appreciation through investment in such select companies across market capitalisation Mumbai: HDFC Life, the has launched its sustainable equity fund, currently available...
Sensex nosedives 1,546 pts; Nifty tanks below 17,200
Indian markets opened negative following mixed Asian market peers as investors look ahead to US Fed meeting and rising geopolitical uncertainty. During the afternoon session, they further sold off as indices fell well below psychologically crucial levels. Mumbai:...
Foreign luxury car makers remain bullish on India
Lamborghini, which sells a range of super luxury cars with prices starting from Rs 3.16 crore in India, recorded its best ever sales in the country in 2021, beating its previous best record in 2019 when it sold a total of 52 units. It had sold 37 units in 2020 in the...
Crypto Fraud: Delhi man’s Rs 4.5 cr Bitcoins sent to Palestine’s Hamas wing
During the course of investigation by Delhi police, the cryptocurrency trail led to startling facts, that the cryptocurrencies have ended in the wallets maintained by Al-QassamBrigates, which is a military wing of the Palestinian organisation Hamas and to the wallets...
Private sector plays important role in journey towards net-zero emissions: Minister
Private sector players have already woken up to this reality and are already playing a key role in this climate fight. Rising number of companies have announced net-zero ambitions over the last year. Climate action will not only transform industries, but also likely...
India logs 3,06,064 new COVID-19 cases; daily positivity rate over 20 pc
The ministry has said that India's active caseload currently stands at 22,49,335. It accounts for 5.69 per cent of the total cases.The government data shows that 439 people succumbed to the virus in the last 24 hours New Delhi: India on Monday reported a decline in...
Equity indices open in red, Sensex down by 251 points
As the countdown to the Union Budget 2022-23 has begun, the Indian equities market is likely to remain volatile during the week beginning Monday Mumbai: Equity indices opened in red on Monday with the Sensex down by 251.33 points and Nifty down by 79.20 points. The...