EESL to export LEDs to Nepal, Bhutan, Sri Lanka and Bangladesh

KOLKATA: Energy Efficiency Services Ltd (EESL) has received cumulative orders from Sri Lanka, Bangladesh,
Bhutan and Nepal for about 25 million LED lamps.
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CSR spends by corporates jump 22% to Rs 8,300 cr in FY16

Mumbai: Overall CSR spends by corporates saw a significant 22 per cent rise in 2015-16, with bulk of the money going into education, skills development, healthcare and sanitation initiatives, a research report said
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National Company Law Tribunal dismisses Cyrus Mistry's contempt petition against Tata Sons

The National Company Law Tribunal (NCLT) dismissed the contempt plea filed by Cyrus Mistry's family firms against the Tata Sons but gave the former chairman an option to file an affidavit within the next 3 days on the contested shareholder meeting coming up next month

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टाटा संस के खिलाफ ट्रिब्यूनल गए साइरस मिस्त्री, कहा- अब नहीं हो सकता समझौता

मुंबई। साइरस मिस्त्री ने टाटा समूह की छह सूचीबद्ध कंपनियों के निदेशक मंडल से इस्तीफा देने के एक दिन बाद आज टाटा संस के खिलाफ लड़ाई में कानूनी रास्ता अपना लिया। उन्होंने टाटा संस के खिलाफ ‘राष्ट्रीय कंपनी कानून न्यायाधिकरण (एनसीएलटी)’ में मुकदमा दायर किया है। सूत्रों के अनुसार मिस्त्री परिवार द्वारा नियंत्रित निवेश कंपनियों ने आज टाटा संस के खिलाफ मुंबई में एनसीएलटी का दरवाजा खटखटाया।

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CBDT issues new appreciation letters to 3.74 lakh taxpayers

New Delhi, Feb 7 () The income tax department has sent a fresh set of certificates of appreciation to 3.74 lakh taxpayers for payment of taxes and filing of returns in time.

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Demonetisation: Narendra Modi govt hands 34 chartered accountants’ names to ICAI for money laundering investigation

The government has shared names of 34 chartered accountants (CAs) with the Institute of Chartered Accountants of India (ICAI) for investigation after the professionals were allegedly found to be involved in money laundering through shell companies during the demonetisation period, ICAI president Nilesh S Vikamsey said on Tuesday

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Regulator Sebi issues guidelines to evaluate company boards

 MUMBAI: India's capital markets regulator on Thursday issued guidance on how companies should evaluate the performance of their directors to ensure objectivity and improve corporate governance. 

Among the guidelines, companies should consider whether discussions among board members are healthy and free-flowing, whether critical and dissenting suggestions are welcome and whether conflicts of interest are monitored and dealt with, the Securities and Exchange Board of India (SEBI) said. .. 

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FPIs hail exemption from controversial tax law

Mumbai: The government today exempted Foreign Portfolio Investors (FPI) from the tax provisions governing indirect transfer of assets, setting aside a December

 Circular that had sought to bring such transactions by overseas funds within the ambit of Indian taxes. Foreign funds welcomed the proposal. 

Overseas fund managers had sought clarity on the Central Board of Direct Taxes (CBDT) notice that said FPIs would be subject to tax on indirect transfer of shares, a move the  Street believed would leave room for protracted future litigation and international arbitration that India has recently witnessed over the transfer of shares involving UK mobile-phone company Vodafone. According to the tax authorities, all income arising from Indian assets or through the transfer of a capital asset situated in India was to be deemed to accrue or arise in India and taxed here. The Budget announcement has now removed FPIs from the ambit of such taxation

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Need to grow a thick skin fast: Read what Urjit Patel had to say on Donald Trump and note ban

RBI governor Urjit Patel's reticence after the November 8 note ban drew sharp criticism, with many seeing his low profile as a foil for Prime Minister Narendra Modi’s high-visibility administration. 
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