Business

Welspun Corp on Monday said its consolidated net profit rose to Rs 223.48 crore in the third quarter of the year compared with Rs 30.08 crore in the year-ago quarter.

Airbus said last week it had agreed to set aside up to 3.6 billion euros to settle a corruption probe by authorities in France, Britain and the United States.

In the lawsuit, Michael Sanchez claimed he suffered substantial harm as a result of Bezos' allegations, including an FBI raid at his residence in front of neighbours.

He will be charged with the difficult task of relaunching WeWork, which had been one of America's most celebrated startups that put a mammoth footprint in the commercial real estate of major cities around the globe.

Sitharaman in her second budget on Saturday proposed to deepen the bond market and announced floating of a new debt ETF comprising primarily of government securities.

Despite lower outgo on the PM-Kisan scheme -- under which Rs 6,000 is being provided to eligible farmers per year in three equal instalments, the government has kept the budget estimate for the next fiscal at the same level of Rs 75,000 crore.

Currently, companies are required to pay DDT on the dividend paid to its shareholders at the rate of 15 per cent, plus applicable surcharge and cess.

The new income tax system introduced in Budget 2020 is optional and payers will have to let go of 70 tax exemptions to avail it.

Sitharaman said Rs 3,000 crore have been allocated for skill development for the next fiscal. Steps will be be taken to attract external commercial borrowing and FDI in the education sector.

The Economic Survey, tabled in Parliament by Finance Minister Nirmala Sitharaman, said India produced 64.3 million tonnes (MT) of crude steel and 59.73 MT of finished steel during April-October 2019-20.

The decline in household investment in 'Dwellings, other buildings and Structures', over 2011-12 to 2017-18 is a reflection of slower growth in purchase of houses by households.

Chief Economic Advisor of India, Krishnamurthy Subramanian, also highlighted India’s comparative advantage in labour-intensive activities, traditional unskilled labour-intensive industries such as textiles, footwear, toys and assembly hubs.

Infusion will not only improve their financial health but facilitate the merger of National Insurance, Oriental Insurance and United India Insurance announced in Budget 2018-19.

As per the ED, three properties in Worli -- Rabiya Mansion, Sea View and Marium Lodge, belonging to Mirchi who was declared an absconder accused of multiple crimes -- are proceeds of the crime.

Petitions for winding up of companies are subject to various conditions, including thresholds on turnover and paid-up capital.

Shaktikanta Das, ahead of the Budget, listed out some of the priority areas where structural reforms are necessary and if carried out in earnest can act as potential growth drivers.