MUMBAI: The Bengaluru bench of Income Tax Appellate Tribunal (ITAT) has dismissed Flipkart co-founder Binny Bansal‘s non-resident claim, denying him the benefit of India-Singapore Tax Treaty sought by him. The tribunal passed the final order on Jan 9.In his appeal, Bansal argued that he had gone outside India (Singapore) for employment, and hence should be…
The Central Consumer Protection Authority (CCPA) on Saturday said it has taken suo motu action against 27 restaurants across the country for mandatorily levying service charges on customers, holding the practice to be a violation of consumer law.The restaurants have been fined up to Rs 50,000, directed to refund the service charge collected from consumers,…
Techno Paints and Chemicals CMD Akuri Srinivas Reddy with Indian cricketing legend Sachin Tendulkar HYDERABAD: Paints manufacturer Techno Paints and Chemicals, a Hyderabad-based paints manufacturer, is planning to raise Rs 500 crore through an initial public offering (IPO) by 2026-27, its chairman and managing director Akuri Srinivas Reddy said on Saturday.He said the company will…
Haryana Chief Minister Nayab Singh Saini on Saturday urged the Centre to step up allocations for the state’s rural and urban infrastructure, agriculture and allied sectors in the Union Budget for FY27, citing growing development needs and the state’s proximity to the national capital, PTI reported.Saini, who also holds the finance portfolio, raised the demands…
Opposition-ruled states Punjab and Telangana on Saturday sought additional fiscal support from the Centre in the Union Budget 2026-27, arguing that the proposed Viksit Bharat Guarantee for Rozgar and Ajeevika Mission (Gramin) (VB-G RAM G) will place a heavier financial burden on states due to its revised cost-sharing formula, PTI reported.The demands were raised at…
Lenders have sanctioned Rs 3,361.83 crore to 774 applicants under the Rs 20,000-crore Credit Guarantee Scheme for Exporters (CGSE) within a month of its rollout, as the government steps up support for exporters facing headwinds from steep US tariffs, official data showed as reported PTI.The scheme, approved by the Union Cabinet on November 12 and…
US banks have flagged concerns over President Donald Trump’s call to sharply cut credit card interest rates, warning that such a move could restrict access to credit and hurt households and small businesses that rely heavily on cards, AFP reported.Trump said on Friday that from January 20, marking the first anniversary of his administration, he…
Indian Railways has rolled out a sweeping timetable overhaul under the Timetable of Trains (TAG) 2026, introducing 122 new trains and speeding up 549 services nationwide to reduce travel time, improve punctuality and enhance operational efficiency, according to official data released on Friday.Under TAG 2026, Indian Railways has not only added new services but also…
File photo- Protestors burn tires during a demonstration of European farmers outside the EU Summit meeting in Brussels. (Photo credit- AP) Several thousand Irish farmers took to the streets of central Ireland on Saturday to protest the European Union’s trade agreement with the South American bloc Mercosur, a day after EU member states approved the…
The Andhra Pradesh Cabinet has approved the Dagadarthi greenfield airport project in Nellore district, giving a major push to the state’s aviation and industrial infrastructure, PTI reported citing officials.With this approval, Dagadarthi will become Andhra Pradesh’s eighth airport, strengthening the state’s plans to build a multimodal logistics and industrial network, they added.Strategically located, the proposed…