Japan seeks exemption from MAT for its cos in India
Japan has asked India to “at once” exempt Japanese manufacturers operating in India from withholding and Minimum Alternate Tax (MAT). Minister, Embassy of Japan, Isomata Akio, on Thursday, asked for this country-specific concession. He said he was raising the demand in view of Japan’s... read more »
CCI pentalty: impact on OEMs may not be indicative
The quantum of penalty imposed on 14 passenger vehicle (PV) firms in the country by Competition Commission of India (CCI) is unlikely to have a significant credit implication on most of the leading OEMs, pointed out a report of rating agency Icra. Although vehicle OEMs (original equipment... read more »
Adani to begin coal mine development in Australia
The Australian government in July had cleared the proposed $15 b Carmichael coal mine project of Adani Mining Keen on expanding business, Australian Prime Minister Tony Abott on Friday said an Indian conglomerate was all set to embark on Australia’s largest ever coal development to illuminate... read more »
Wilful defaulter tag a ‘powerful weapon’ for creditors
Reserve Bank of India Governor Raghuram Rajan has said the wilful defaulter tag is a powerful weapon in the hands of banks for resolving bad loans. His comments came days after United Bank of India declared Vijay Mallya as ‘wilful defaulter’. “The wilful defaulter tag is a powerful weapon in... read more »
Ryan Harris says Australia will keep up its aggression against India
Recovering Test paceman Ryan Harris has declared the Australians won’t temper their aggression as they seek to extend India’s woeful away-from-home record this summer. Apart from... read more »
Captain Cool Needs to be More Proactive to Win Tests Abroad
It was a disappointing end to the series with another huge margin of defeat at the Oval, and what started with a fabulous win at Lord’s culminated in a sad end, a result which has taken... read more »
Gavaskar backs Dhoni, hails appointment of Indian coaches
India’s cricket legend Sunil Gavaskar Tuesday backed beleaguered captain Mahendra Singh Dhoni for leading with example and also hailed the appointment of his former team mate Ravi... read more »
Bopara shocked at his omission from ODI squad
When England picked a 15-man squad to face India in ODIs, experienced campaigner, Ravi Bopara’s name was missing from the list. Bopara, on his part, said that he was shocked to know... read more »
Coalgate: CBI to file closure in Hindalco case, say sources
The Central Bureau of Investigation is set to file a closure report in the Hindalco case in the coal allocation scam. CBI sources say that Kumar Mangalam Birla and former coal secretary PC Parakh... read more »
