P R Sanjai, Bloomberg
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Budget 2017: Lower Tax Rates To Encourage Income Disclosures
The personal tax rate will be halved to 5 percent on incomes between 250,001 rupees ($3,697) and 500,000 rupees, Finance Minister Arun Jaitley said Wednesday in New Delhi, while announcing the budget for the year starting April 1.
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Mukesh Ambani Launches Succession Plan, Son Akash Is Now Jio Top Boss
Mukesh Ambani's first-born will succeed him as chairman of Jio, kickstarting a leadership transition in one of Asia's wealthiest families.
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Adani Investors' Pain Point: Opacity Over Ownership
Shares of Adani's firms nosedived after a local media report said accounts of these funds -- owning about $6 billion of shares across the conglomerate -- were frozen by national share depository.
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Vodafone Shares Crash 21% On News Of 36% Stake For Government
Shares of Vodafone Idea Ltd. dropped after its board approved a rescue plan that gives almost 36 per cent stake to the government in lieu of past dues
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Vodafone Offers Reassurance After Shares Crashed 21% On Bailout News
Vodafone Idea Ltd. said government doesn't want to actively run the unprofitable phone operator after its board approved a rescue plan
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Winners And Losers In Today's Budget
Prime Minister Narendra Modi's government laid out India's budget for the financial year starting April 1, months after a devastating second Covid-19 wave that crippled small businesses and deepened the country's already vast inequalities.
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Mukesh Ambani’s Plan To Make Reliance Debt-Free By 2021 Hits Bumps
Prime Minister Narendra Modis administration has petitioned a court to halt a proposed stake sale by Reliance Industries to Saudi Arabian Oil Company, threatening a key source of funds needed to pare liabilities. In addition, the conglomerate, which is into oil refining, telecommunications and retail, is also facing unfriendly tax proposals that co...
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Gautam Adani's $5 Billion Bet To Counter Critics: Report
Gautam Adanis plan to raise at least $5 billion in equity aims to shut down two of the most frequent criticisms leveled against his swelling empire.
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The Untold Tale Behind Team Modi's Shock Takeover Of IL&FS
The stunning move, more typical of China's command-and-control economy than a free-wheeling democracy like India, caught investors by surprise. Prime Minister Narendra Modi's government also unveiled an investigation into IL&FS's management by the Serious Fraud Investigation Office.
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Mukesh Ambani, Asia's Richest, Grooms Heirs To His $50 Billion Fortune
Over the coming decades, billions of dollars in wealth will be handed over to yet another generation in family-controlled businesses across Asia.
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India Inc Gets Pricing Mojo Back In Road To Recovery After Cash Ban, GST
After the twin shocks of a cash ban in 2016 and the chaotic introduction of a consumption tax last year, India's economic recovery is gaining momentum. Businesses are taking advantage of the solid demand to raise prices, lifting profits, but also fanning inflation at a time of higher oil prices and a currency slump.
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How Credit Rating Agencies Missed The Epic Unraveling Of IL&FS: Report
IL&FS Group is a vast conglomerate with a complex corporate structure that funds infrastructure projects across world's fastest-growing major economy.
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Gautam Adani, Mukesh Ambani In Race For $14 Billion 5G Auction Today
The battle for India's fifth-generation airwaves is luring some of the countrys richest tycoons, with billionaires Mukesh Ambani and Gautam Adani joining a raft of players expected to bid as much as $14 billion for frequency rights that could decide who dominates the digital era.
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Mukesh Ambani's RIL Expects To Hit Zero Net Debt Before Deadline
The oil, telecom and retail conglomerate now expects to reach zero net debt ahead of the March 2021 target Mukesh Ambani had set in August.
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India's Services Industries Perform "Astonishingly Low" In April: Report
From call centers to hotels to airlines, India's key services industries have come to a standstill during the coronavirus outbreak, dragging the economy into possibly its worst recession on record.
