MUMBAI Indian tax officials are pushing back against Prime Minister Narendra Modi's new faceless tax assessment program, complaining about a lack of consultation and inadequate resources to implement the changes, a letter reviewed by Reuters shows.
MUMBAI A plan to rescue India's debt-laden Dewan Housing Finance Corporation Ltd (DHFL) has hit a major roadblock as only a small segment of bondholders has agreed to be on board the proposed resolution, according to a custodian of DHFL bonds.
BENGALURU/MUMBAI India lost contact with a spacecraft it was trying to land on the moon on Saturday, its space agency said, in a setback for the nation's ambitious plans to become the first country to probe the unexplored lunar south pole. | Video
MUMBAI When Prime Minister Narendra Modi was re-elected in May with a sweeping majority, Indian stock markets jumped to all-time highs as investors anticipated big bang pro-business reforms to revive a flagging economy.
MUMBAI, Aug 23 When Prime Minister Narendra Modi
was re-elected in May with a sweeping majority, Indian stock
markets jumped to all-time highs as investors anticipated big
bang pro-business reforms to revive a flagging economy.
MUMBAI Indian shadow bank Infrastructure Leasing & Financial Services (IL&FS), which collapsed late last year, may not have disclosed bad loans on its books for years despite a big part of its loan book having soured, a report from the Reserve Bank of India (RBI) said.
MUMBAI An Indian tribunal on Friday rejected an appeal by the auditors of debt-laden Infrastructure Leasing & Financial Services (IL&FS), challenging the court's jurisdiction to ban them for alleged abetment of financial fraud.
MUMBAI The Reserve Bank of India (RBI) lowered its benchmark interest rates for a fourth straight meeting on Wednesday with a slightly bigger than expected cut, underscoring its worries about India's near-five year low economic growth pace.
MUMBAI India's National Stock Exchange (NSE) and the Singapore Exchange (SGX) have been given the go-ahead for a planned collaboration in trading stock index-based products from an international financial centre being developed in western India.
MUMBAI, Aug 5 Bondholders of troubled shadow
lender Dewan Housing Finance Ltd (DHFL) have been
given a three-week deadline to decide if they are on board with
a rescue plan being evaluated by banks, according to a letter
sent by a custodian of DHFL bonds, seen by Reuters.