Deemed exports refer to the transactions in which the goods supplied do not leave the country and the payment for such supplies is received either in Indian currency or in free foreign exchange.
Debt-ridden Bajaj Hindusthan Sugar has shelved the plan to sell power business to group firm Lalitpur Power Generation Company for about Rs 1,200 crore, even as its lenders have initiated resolution process under S4A to restructure loans.
The bank has been able to avoid the problems in power, infra and other sensitive sectors, Vishwavir Ahuja, MD & CEO, RBL Bank.
Segments of the real estate sector in India have many a time been a hotbed of undesirable activity and these practices should come to an end with the recent establishment of real estate regulatory authorities across the country, he said in his annual message to shareholders.
In January, police in Cangnan County Zhejiang Province suspected several employees or former employees of an Apple distributor and a contractor of stealing user data, the county procuratorate said in a statement on Friday.
Business returns of domestic non- ferrous metal players are likely to improve in FY18 due to better realisation on metal sales and input costs remaining under check, rating agency ICRA said.
TCS was among the top two job creators, recruiting more than 12,500 US employees from 2012 -2016, while it ranked first in terms of US employee growth during that period, at 57 percent.
MSF alleged that the US government, backed by the pharmaceutical lobby, is expected to step up pressure on several governments, including India and others in Asia and Latin America, to enforce and protect intellectual property (IP) of pharmaceutical corporations.
The Enforcement Directorate (ED) had in March attached assets worth Rs 599 crore. With this attachment, the total value of seized assets in the case has gone up to over Rs 654 crore.
At close of trade, RIL commanded a market capitalisation (m-cap) of Rs 4,66,599.69 crore, which was Rs 1,450.62 crore more than TCS' Rs 4,65,149.07 crore valuation.
The micro, small and medium enterprises (MSMEs) have had a testing time in the past few years, especially with respect to bank loans and NPAs hitting expansion and growth of the sector, Resurgent India said in a statement.
The Income Tax Department obtained valuation reports by two different Bangalore accounting firms in 2014 under which it has issued a notice to the health-tech startup Practo.
Nagarajan, who has been leading Mother Dairy Fruit & Vegetable Pvt Ltd as the Managing Director since May 2010, will continue in this role only till June 30.
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India is the only country in the world which has maximum opportunity to invest, leading NRI entrepreneur GP Hinduja has said as he sought a tripartite co-operation among China, India and the UK for the investment.
Bharat Heavy Electricals (BHEL) today said it has recorded nearly 14 percent growth in its intellectual capital in FY17.
The transfer includes about USD 600 million in lump-sum payments to about 7,000 current and former U.S. employees of Accenture and USD 1 billion in purchases of annuities from insurance companies.
The two have been feuding bitterly and Western Digital, which jointly runs Toshiba's main semiconductor plant, has sought a U.S. court injunction to prevent any deal that does not have its consent.
Spot gold was up 0.6 percent at USD 1,257.5 an ounce at 1152 GMT after earlier touching a session high at USD 1,258.20. U.S. gold futures rose 0.7 percent to USD 1,257.8. However, gold is little changed from last week.
Brent crude futures were up 14 cents at $45.36 a barrel at 1138 GMT. U.S. West Texas Intermediate (WTI) crude futures traded at $42.87 a barrel, up 13 cents from their previous close.
The two companies are among the 12 accounts identified by RBI to be immediately referred to the National Company law Tribunal (NCLT) under the Insolvency and Bankruptcy Code
If 51 percent stake is sold, Tata Power will be able to bring its debt down by close to Rs 14,000 crore as against its current consolidated debt of close to Rs 48,000 crore.
Chief Minister Devendra Fadnavis has directed the concerned departments to extend all possible help towards the initiative and present an interim report in the next 3-months.
Tata Teleservices owes Rs 32,000 crore to SBI and the remaining amount of Rs 8,000 crore is deferred payment on spectrum.
Ilaris costs about USD 200,000 for a single year's treatment. Novartis makes around USD 250 million annually on the drug. But the new indication, if approved by the regulator, would expand the sales manifold,