News Stories

  • Smoking: ITC buys 38 flats in Mumbai

    Kolkata-headquartered ITC has snapped up 38 apartments in Crescent Bay, located in Parel, central Mumbai, for close to Rs 140 crore. The purchase comes as a bit of a surprise given most companies prefer to lease apartments rather than buy them. While the going rate for flats in the area is anywhere between R25,000 and

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  • Rajasthan utilities seek debt recast

    Distribution companies of the Rajasthan State Electricity Board (RSEB), which together have a total debt of Rs 55,000-60,000 crore, are looking to restructure a part of the borrowings while refinancing the rest, Sanjay Malhotra, the state’s principal secretary for energy confirmed on Tuesday. FE had reported on June 4 that RSEB was looking for a

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  • Govt notifies new and simplified Income Tax Returns forms

    The Income Tax department has notified the new set of ITR forms, including a three-page simplified one, for taxpayers to file their returns for assessment year 2015-16. With the Finance Ministry publishing the gazette order yesterday, taxpayers and other entities can now file their Income Tax Returns (ITR) till August 31, the new deadline set

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  • World Bank pledges US dollar 500 mn for earthquake hit Nepal

    The World Bank said it will provide US dollar 500 million to Nepal to support the massive reconstruction efforts of the quake-ravaged nation, days ahead of an international donor conference here. “We are working with the Government of Nepal and its international partners to help the country get the resources it needs to build back

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  • Telangana sees Rs 1,500 cr investment with new industrial policy

    Telangana’s new industrial policy has started yielding results with 17 companies coming forward to set up their units with an investment of Rs 1,500 crore. The state government has given all approvals to the investment proposals within 10 days against a time-limit of two weeks under the policy. Ten days after the government unveiled the

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  • Greek debt deal possible this week: Eurogroup president

    Eurogroup President Jeroen Dijsselbloem has said the new proposals from the Greek government which came in early on Monday were “a positive step” in the process and that it was possible to reach a deal within the week. “New proposal from the Greek government came in this morning which we welcomed today, which was seen

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