×
E-PAPER ▾

E-paper

Business

Snapshots...

|

I-T seeks Rs 30k cr penalty from Cairn for non-payment of tax

New Delhi: The Income Tax Department has slapped a fresh notice on British firm Cairn Energy, seeking up to Rs 30,700 crore in penalties for its alleged failure to pay Rs 10,247 crore capital gains tax on time. Within weeks of tax tribunal ITAT upholding levy of retrospective tax, the Income Tax Department first sent a fresh demand note of Rs 10,247 crore and another show cause notice asking as to why penalty should not be levied for its failure in paying tax on time and filing of returns.

 

Domestic air passenger traffic up by 15%

Mumbai : The deceleration in the domestic air traffic growth continues for the second consecutive month this year with the demand for travel going up nearly 15 per cent to 90.45 lakh in March. The local airlines had flown 78.72 lakh passengers in March 2016. After posting over 20 per cent growth in domestic passenger market for the 13 consecutive months till January this year, the demand  air travel dropped to 15.77 per cent in February.

 

RDEL gets lenders’ approval to exit CDR

New Delhi: Reliance Defence and Engineering (RDEL) has secured nod from a consortium of lenders to exit its corporate debt restructuring package.The consortium of lenders, led by IDBI, has agreed to the exit plan of RDEL, a subsidiary of Reliance Infrastructure, with a longer maturity period for loans worth about Rs 6,800 crore, sources said. The lenders have also given their go-ahead to implementation of refinancing scheme of RDEL.

 
 
 

TOP STORIES

Sunday Edition

View All

Lynch protest: police fire in air, Sec 144 imposed in four areas

21 May 2017 | PTI | Jamshedpur

Protest against lynching of four persons intensified today and the police had to fire in the air to disperse a mob, while prohibitory orders under Section 144 were imposed in four areas here for tonight. Police fired in the air to disperse a mob that blocked roads in Mango area, demanding arrest of culprits involved in the lynching of four persons of a community at Rajnagar in Seraikela-Kharswan district on Thursday...

Read More

STATE EDITIONS

View All

ED sleuths raid three stores, seizes Rs68L

24 May 2017 | PNS | Dehradun

Acting on information received on stacking of foreign exchange in violation of rules, possession of assets disproportionate to sources of income and unaccounted- for money and others, the vigilance sleuths of Enforcement Directorate reportedly swooped down on a well-known chain of shops- Kumar Store- located at Nashvila Road, GMS Road and Rajpur Road in Dehradun on Tuesday. The raids started from 1 pm and continued till evening...

Read More

Page generated in 0.3276 seconds.