Tata Chemicals' shareholders oust Wadia as Director

Mumbai, Dec 24 :  Tata Chemicals on Saturday said that a majority of its shareholders at its extra-ordinary general meeting (EGM) on Friday voted to remove Industrialist Nusli Wadia as an Independent Director of the company.

According to a Tata Chemicals’ regulatory filing, over 58 per cent of total shareholders…

Read More

GST Council makes headway on bills, stuck on taxpayer control

New Delhi, Dec 24 (PTI) The all-powerful GST Council today made a ‘reasonable headway’ on supporting legislations for the new indirect tax regime but its rollout from April 1 looked virtually impossible as it postponed discussion on the critical issue of administration and control of tax payers.

The panel…

Read More

Sensex extends losses, down 64 pts on weak global cues

Mumbai, Dec 23 (PTI) The benchmark BSE Sensex surrendered another 64 points to quote at 25,915.41 in early trade today as investors indulged in cutting down bets amid sustained foreign fund outflows and weak Asian cues.

The 30-share barometer was down 64.19 points, or 0.25…

Read More

Govt plans threshold for parties to enjoy tax exemption: FM

New Delhi, Dec 21 (PTI) Government plans to set a threshold criteria for political parties to enjoy tax exemptions to check money laundering by outfits that do not contest elections, Finance Minister Arun Jaitley said today.

He said the Revenue Secretary has been asked to look into the issue in…

Read More

Cyrus Mistry quits from Tata Group firms

Mumbai, Dec 20:  (PTI) After a bitter eight-week boardroom battle against Ratan Tata’s “illegal coup”, ousted Tata Group Chairman Cyrus P Mistry today quit from the boards of six listed companies including Tata Motors and Indian Hotels and vowed to shift his fight to a “larger platform”.


Read More