Department Financial News

‘New India does not tolerate pain of terrorism but teaches lesson,’ says PM Modi According to the Ministry of External Affairs, Indai-Bhutan shares an enduring partnership, rooted in "mutual trust, understanding, and goodwill". PM Modi's visit will provide an opportunity for both sides to exchange views on bilateral and regional matters of interest and deliberate on ways to expand and intensify partnership for the benefit of citizens, MEA said.

By Alexandra Alper and Karen Freifeld

Infosys, Wipro, Prestige Estates, Tata Chemicals, Tata Communications among others will be in focus due to various news developments. Infosys, Wipro The American Depository Receipts of Indian IT companies Infosys and Wipro declined sharply in trade on Thursday as peer Accenture Plc slashed its annual guidance.

By Clark Mindock

By Stephen Nellis, Andrew Goudsward and David Shepardson

By David Shepardson

Apple says a Justice Department antitrust lawsuit accusing it of engineering an illegal monopoly in smartphones in the U_S_ is “wrong on the facts and the law.”

A fifth former sheriff’s deputy in Mississippi has been sentenced for his part in torturing two Black men

Boarding houses were a staple for low-income, single blue-collar or temporary workers across the U.S. in the early 1900s

The government wants to know how airlines handle personal information about their passengers

The number of Americans signing up for unemployment benefits fell slightly last week, another sign that the labor market remains strong and most workers enjoy extraordinary job security

His retirement was revealed one month after ex-co-manager Timothy Parton departed the firm. Simon has managed the fund since 2019 and has been with the firm since 1980. The firm said he will continue his existing responsibilities until his retirement and an announcement will be made regarding his successor «in due course». Gavin Trodd, analyst at Numis, said the news of Simon's retirement is «unsurprising» considering how long he has been in the industry. JPMAM's Simon Elliott and Albion Capital's Will Fraser-Allen join AIC board When Simon joined the trust's management team in ...

Apple (NASDAQ:AAPL) stock fell Thursday after it was confirmed the Department of Justice (DOJ) has officially sued the iPhone maker in an antitrust case for monopolization of smartphone markets.

Apple on Thursday, the federal government’s most significant challenge to the reach and influence of the company that has put iPhones in the hands of more than a billion people. The government argued that Apple violated antitrust laws by preventing other companies from offering applications that compete with Apple products like its digital wallets, which could diminish the value of the iPhone. Apple’s policies hurt consumers and smaller companies that compete with some of Apple’s services, according to excerpts from the lawsuit released by the government, which was filed in the US District Court for the District of New Jersey.

WASHINGTON (Reuters) — The U.S. current account deficit narrowed in the fourth quarter to the lowest level in nearly three years amid an increase in secondary income, government data showed on Thursday.

The Directorate General of Goods and Services Tax Intelligence (DGGI) has sent show-cause notices to a number of mutual fund (MF) companies in recent weeks, seeking to recover a tidy sum from them as goods and service tax (GST) on exit-load charges. According to an official source, the amount being sought to be recovered from the MF firms could be over Rs 150 crore.

The CBDT has permitted income tax authorities to file appeals irrespective of monetary threshold in cases relating to TDS/TCS, undisclosed foreign income, or information received from investigating agencies like ED and GST Intelligence. Currently, tax authorities can file appeals before the ITAT, High Court and Supreme Court, if the disputed tax demand exceeds Rs 50 lakh, Rs 1 crore and Rs 2 crore respectively — a threshold fixed in 2019.

MUMBAI : The Securities Appellate Tribunal (SAT) on Thursday issued a stay on a Securities and Exchange Board of India order against Vedanta Ltd, which had directed the company to pay ₹77 crore in interest for a delayed dividend payment to Cairn UK Holdings. The tribunal, however, asked Vedanta to deposit 50% of the interest amount into an interest-bearing account for Cairn UK. “We are of the view that at this stage the balance of convenience lies with the appellants (Vedanta).

By David Morgan and Makini Brice

₹285 crore currently in its bank accounts because of the freezing by Income Tax authorities. Maken, who is also the treasurer of the party, said that the party has received a notice by Income Tax Department for the reassessment of taxes for FY 1994-95. "Efforts are being made to weaken Congress financially.

Calcutta High Court on Thursday directed the Centre to file an affidavit on a PIL alleging deactivation of Aadhaar cards of people by the authorities concerned. Additional Solicitor General (ASG) Ashoke Chakrabarti questioned the maintainability of the PIL, stating that no individual case of any person affected by such a deactivation has been cited in the petition. A division bench headed by Chief Justice T S Sivagnanam directed the Centre to file the affidavit within three weeks stating its position on the allegation made in the PIL, which claimed that Aadhaar cards of people were being deactivated in an arbitrary manner using provisions under Section 28A of the Aadhaar Act. Directing the petitioner to file their affidavit a week after that, the bench, also comprising Justice Hiranmay Bhattacharyya, said that the matter will be taken up for hearing again on April 25.