LIC gets ₹61,147 crore income tax demand for FY22, to challenge order

LIC gets Rs 6,146.71 crore income tax demand for FY22, to challenge order

LIC has received a tax demand of LIC gets Rs 6,146.71 crore income tax demand for FY22, to challenge order plus interest for FY22. The demand arises from adjustments treating interim bonuses and negative reserves as income. LIC plans to appeal the order before the Commissioner of Income Tax (Appeals), stating the issue will not materially impact its operations. 19 days ago
Centre accelerates PNG rollout to ease LPG pressure; fuel supply normal across India

Centre accelerates PNG rollout to ease LPG pressure; fuel supply normal across India

The Centre has assured that all petrol and diesel retail outlets are functioning normally with sufficient stocks, while refineries operate at high capacity. A rapid rollout of PNG connections is underway, with a single-day record of 9,046 new connections. The government is maintaining full supply for domestic PNG and CNG transport. 20 days ago
Virat Kohli RCB

RCB sold for record 16,660 crore; now owned by Aditya Birla Group and others

The acquiring consortium includes Aditya Birla Group, Times of India Group, Bolt Ventures, and Blackstone. Following regulatory approvals from the Board of Control for Cricket in India (BCCI) and the Competition Commission of India, the consortium will take over operations of both the IPL and WPL teams. 20 days ago
Gold, silver surge up to 6 pc amid fresh West Asia developments

Gold, silver surge up to 6 pc amid fresh West Asia developments

On the Multi Commodity Exchange (MCX), gold futures (April 2) advanced as much as Rs 5,658 or about 4 per cent to an intraday high of Rs 1,44,570 per 10 grams by 10:26 am. The yellow metal was later trading at Rs 1,44,410, up Rs 5,498 or 3.96 per cent. 20 days ago
Adequate crude oil storage, uninterrupted supply ensured: PM Modi | Video

Global crude oil plunges up to 7 pc amid ceasefire hopes

Analysts say the decline could provide relief to India by lowering inflation, reducing the Current Account Deficit (CAD), and easing pressure on the rupee. However, markets remain cautious as crude prices test key support levels, with volatility expected due to ongoing geopolitical uncertainties. 20 days ago