India

New Delhi, Nov 3: Abu Dhabi's Sovereign Wealth Fund (SWF) -- MIC Redwood 1 RSC Limited -- became the first foreign SWF to be notified and granted 100 per cent income tax exemption for long term investments to be made in specified priority sectors, the Union Finance Ministry said in a statement on Tuesday. The MIC Redwood 1 RSC Limited of Abu Dhabi has been provided 100 per cent income-tax (I-T)

A vanilla commercial dispute is setting the stage for a clash between the world’s No. 1 and No. 6 richest men. But the legal wrangling is a sideshow. What Jeff Bezos and Mukesh Ambani are really fighting over is pole position in the only billion-plus-people consumer market available to both of them: India. The ostensible battleground is a $3.4 billion deal Indian tycoon Ambani’s Reliance

Mumbai, Nov 2: Alliance Air on Monday said it will launch flight from Kozhikode to Bengaluru starting November 11. The flights on the new route will be operated six times in a week except Tuesdays, Alliance Air said in a release. Air India's regional subsidiary will be deploying one of its 70-seater ATR 72 aircraft to cater to the traffic between the two cities, it added. Alliance Air is

New Delhi, Nov 2: The Supreme Court on Monday asked the Centre to file a status report regarding the extradition of fugitive businessman Vijay Mallya from the UK within six weeks. Solicitor General Tushar Mehta, representing the Centre, submitted before a bench headed by Justice UU Lalit that some legal proceedings are still pending in the UK, which is delaying Mallya's extradition. The top court

New Delhi, Nov 2: Bahujan Samaj Party (BSP) president Mayawati asserted on Monday that her party would never enter into an alliance with the BJP in the assembly or the Lok Sabha elections, highlighting that the ideologies of the two parties were "opposite". Mayawati alleged that the Samajwadi Party and the Congress were misusing her recent statement so that the Muslim community distances itself

Mukesh Ambani, Asia’s richest man, lost as much as $5 billion from his net worth as Reliance Industries Ltd’s shares tumbled to the lowest price in more than three months following a drop in quarterly profit. The stock of India’s most-valuable company fell as much as 6.8% in Mumbai on Monday as of 12:21 pm, slipping the most since May 12 and touching the lowest since July 20. The benchmark S&P BSE

New Delhi, Nov 1: Aloo and pyaz (potato and onion), considered as the poor's basic vegetables, are getting out of reach now as one needs to shell out at least Rs 150 to buy one kg each of these two commodities at a time when the common man is reeling under the COVID-19-induced hardships. Farm experts are of the view that rising prices of essential commodities coupled with wage deflation and

New Delhi, Nov 1: GST collections in October stood at over Rs 1.05 lakh crore, crossing for the first time Rs 1 lakh crore mark since February this year, the finance ministry said on Sunday. The total number of GSTR-3B returns filed till October 31, 2020, is 80 lakh. The gross GST revenue collected in the month of October 2020 is Rs 1,05,155 crore of which CGST is Rs 19,193 crore, SGST is Rs 5,411

Jaunpur, Oct 31: Welcoming the Allahabad High Court ruling that declared the conversion for the sole purpose of marriage as null and void, Uttar Pradesh Chief Minister Yogi Adityanath on Saturday said his government would deal with love jihad with a firm hand. If the people do not stop playing with honours of daughters and sisters by concealing their identities, "the Ram Naam Satya journey will

Hasanpur, Oct 31: He relinquished Mahua and shifted to "safe" seat of Hasanpur assembly segment, but the gamble seems tough for Lalu Prasad's elder son Tej Pratap Yadav who is pitted against a formidable JD(U) sitting legislator. Hasanpur seat is located in the Samastipur district of Bihar but comes under the Khagaria Lok Sabha constituency. Tej Pratap Yadav, who had plunged into electoral