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The Enforcement Directorate (ED)Thursday issued notices to Tamilnad Mercantile Bank (TMB) and Standard Chartered Bank for contravention of Foreign Exchange Management Act (FEMA) in the transfer of TMB shares.
The government will take a decision soon on extending incentives for raw sugar exports, an official said Thursday.
The Indus Entrepreneurs (TiE) Hyderabad chapter Thursday launched the Billion Dollar Babies (B$B) project for the startups.
The recently-reconstituted Central Board of Direct Taxes (CBDT) will hold its first meeting on Monday to review tax collection, an income tax department source said Thursday.
The Reserve Bank of India (RBI) may cut rates early next year, said C. Rangarajan, former chairman of the prime minister's Economic Advisory Council.
The Supreme Court Thursday dismissed a plea challenging the ordinance on coal blocks, providing for retrospective recovery of a levy of Rs. 295 per metric tonne of extracted coal and linking its payment as a qualification to participate in the cancelled coal blocks' auction.