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IT Department Cautions TDS Deductors Against Quarterly Filing Default

The Central Board of Direct Taxes (CBDT), that frames policy for the department, issued an advertisement in leading national dailies in this context.

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Sensex Extends Losses on Foreign Fund Outflows, Rising Oil Prices

Brokers said sentiment remained weak largely on sustained capital outflows by foreign funds and rising global crude oil prices, which went past the USD 80 per barrel mark.

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Rupee Drops 17 Paise Against US Dollar

Dealers attributed the rupee's fall to increased demand for the US currency from importers and foreign fund outflows. However, dollar's weakness against some currencies overseas capped the losses.

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Google Says India Anti-trust Ruling Could Cause 'Irreparable' Harm

The Competition Commission of India (CCI) in February fined Google $20 million for abusing its position in online web search and also slammed the company for preventing its partners from using competing search services.

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Land Acquisition Woes Thwart Govt's Mega Refinery Plan With Saudi Aramco

The huge project was touted as a gamechanger for both parties - offering India steady fuel supplies and meeting Saudi Arabia's need to secure regular buyers for its oil.

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PNB Scam: ED Seizes 34,000 Pieces of Jewellery Worth Rs 85-crore From Mehul Choksi's Gitanjali

The jewellery was kept at the premises of the Gitanjali group firm, Ms Gitanjali Ventures DMCC in Dubai, and was seized under the Prevention of Money Laundering Act (PMLA).

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Reserve Bank to Keep Policy Rates Unchanged in June: Goldman Sachs

The probability of a June hike would increase if international oil prices rise further, or the rupee depreciates significantly ahead of the June meeting. The report said the RBI will likely begin hiking policy rates in August this year.

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SC Bars HCs from Entertaining Pleas Against RBI Ban on Cryptocurrencies Like Bitcoin

Cryptocurrencies are "a stateless digital currency" in which encryption techniques are used for trading. These 'currencies' operate independently of a central bank like the RBI, "rendering it immune from government interference."

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Walmart Beats all Around, with E-commerce Sales Rebounding

Online sales rose 33 per cent in the first quarter, a strong showing following a disappointing 23 per cent increase in the final quarter of last year. Wall Street punished the company for the end-of-year e-commerce performance, sending company shares plunging more than 10 per cent. It was the biggest single-day percentage drop in 30 years.

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Universal Robots Expects India Biz to Grow Over 100pc

Universal Robots General Manager for South Asia Pradeep David said, "Universal Robots has been shipping to India since last 5-6 years. Automobile and automotive component makers have been early adopters of our robots. Now electronics, apparel and finance are opening up. "

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Stocks Nosedive in Nervous Trade; Karnataka, Crude Oil Offer Little Respite

The 30-share Sensex resumed higher at 35,483.62 and advanced to a high of 35,510.01. However, it slipped on profit-booking and touched a low of 35,087.82, before finally settling at 35,149.12, down 238.76 points, or 0.67 per cent.

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Fraud-hit PNB Rapped For Not Making Timely Regulatory Disclosures

The compliance and monitoring arm of the Securities and Exchange Board of India (SEBI), in a letter on May 15, noted delays of one to six days on the part of the lender in making disclosures about the fraud, PNB said in a securities filing on Thursday.

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New best story on Hacker News: LocationSmart Leaked Location Data for All Major U.S. Carriers in Real Time

LocationSmart Leaked Location Data for All Major U.S. Carriers in Real Time
903 by uptown | 219 comments on Hacker News.


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