This movement aims to harden compliance and prevention taxpayers to obtain tax relief on expenses related to violations or breaches. The clarification follows the cases of companies that try to discuss these payments as legitimate commercial expenses. | Photo credit: The Income Tax Department said Thursday that taxpayers will not be able to claim the deduction for the expenses incurred to resolve the procedures initiated under four laws, including the SEBI and the Competition Law. In a notification problem on April 23, the Central Board of Direct Taxes (CBDT) notified that any expense incurred to resolve the procedures initiated in…
Author: Daniel Reynolds
ACC is now part of the adani cement The ACC LTD cement manufacturer reported on Wednesday a 20.4 percent decrease in the net gain consolidated to ₹ 751.04 million rupees in the quarter of March. The company had registered a gain of ₹ 943.39 million rupees in the period of the previous year, in accordance with a regulatory presentation of ACC, which is now part of the Adani Cement. Its revenues of the operations were ₹ 5,207.3 million rupees, 12.7 percent more in the quarter of March. It went to ₹ 5,316.75 million rupees in the corresponding period a year…
REFEX INDUSTRIES, a provider of wind solutions, in Thorsday reported an increase of 43.60 percent in the net profits consolidated to ₹ 47.92 million rupees for the quarter ending on March 31, 2025. He had registered net profits of 33.37 million rupees in the quarter of January-March of 2023-24, the company said in an exchange presentation. In the fourth quarter, the company’s total revenues increased to ₹ 643.88 million rupees, an increase of 83.80 percent, more than ₹ 350.31 million rupees in the same quarter of the previous year. For the full 2015 fiscal year, the net gain increased by…
The general insurance industry is in a state of change with regulatory changes and rapid growth of health insurance, digitalization and customer friendly initiatives. Business line He spoke with Sharad Mathur, managing director and CEO of Universal Sompo General Insurance about the trends in the industry and emerging opportunities for growth and the next commercial plans of his company. Extracts: How do you see the general industry today? What are the main trends you find in different segments? Industry regulations are evolving and will continue. They are moving towards constructive results. The regulator has begun to play a more development…
Minister of the Nitin Gadkari Union | Photo credit: ANI The Ministry of Transportation and Highway Roads plans to launch a safety evaluation rating for trucks and heavy commercial vehicles in the Bharat NCAP lines (the New Author Evaluation Program), the country’s own accident test program, said the Minister of the Union, said he said. Going to an event organized by the new Auto Evaluation Program (GCAP) and the Road Traffic Education Institute (go), Gadkari said the idea is to encourage manufacturers to improve the quality of production, making vehicles safer. The Minister of Transportation and Highway Roads also said…
Lead Futures (April), currently quoting ₹ 175/kg, has lost 2.5 percent so far this month. But the recent price action suggests that the contract has formed a base to ₹ 175.This is likely to restrict the bearish trend, which in mid -March after the contract faced resistance to ₹ 185.In particular, the support band of ₹ 174-175 has a good hero since June 2021, which implies that this is a solid base in the back of which bulls can regroup. If the trend becomes bullish and leadership futures (April) begin to meet, it can increase to ₹ 179, a possible…
Udupi Cochin Shipyard Ltd (UDUPI-CSL), a subsidiary of absolute property of Cochin Shipyard Ltd, has delivered the first one in series of six dry ships of 3800 ta Wilson Shipping Fany, Norway. The Vessel Wilson Eco 1 is a 3800 DWT dry cargo vessel and an ambitious project under the Norwegian government’s green financing program aimed at transport solutions without emissions. The ship is built at a cost of around ₹ 506 million rupees. The event was hero in New Mangalore Port, according to a press release.Wilson Ship Management is the largest marine fleet and transports around 15 million tons…
New Delhi/Moscow, April 24 Three More Russian Insurers, Including A Subsidiary of Top Lender Sberbank, Have Asked India for Approval to provide Marine Insurance for Oil Shipments Sent to Indian Ports, Two Sources to Maintain, Wester’s Westter, Wester’s Westter’s Wester, Wester’s wester’s Westter’s Westter’s Westters,India has already approved five insurers of Russia, who do not have insurance companies in the International Group of P&I Clubs, which provides responsibility coverage for personal injury or environmental cleaning claims for most oil tankers.The measure is produced as a growing scrutiny of the Russian oil supply chain by Washington and the European Union, including…
What was once a symbol of cooperation in a fractured subcontinent threatens to become the first victim in a new son of conflict, where water, not only the earth or ideology, becomes the battlefield. | Photo credit: Prashanth Vishwanathan After signing the Treaty of Indo Aguas (IWT), Prime Minister Jawaharlal Nehru stood up to Parliament and declared: “We bought an agreement, if you wish; we bought peace in that sense and it is good for both countries.”That peace, bought at a cost, hero in fragile hands, has supported decades of fire and fury. The IWT resisted the fire of the…
Nabfid plans to raise $ 2 billion through loans and bonds, with the aim of deepening the debt market on the high seas of India. | Photo credit: Andrii Yalanskyi The National Bank of India for infrastructure and financing development, or NABFID, plans to enter the foreign market for the first time, and aims to raise up to $ 2 billion through loans and bonds this financial year, the issue of agreement.Initially, the state infrastructure lender plans to raise at least $ 250 million through an external commercial loan loan with a ten to five years, said that people, such…