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LEGAL NEWS NEWS CATEGORIES 

Delhi HC says GNIDA not carrying out commercial activity for profit

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The Delhi High Court today exempted the Greater Noida Industrial Development Authority (GNIDA) from paying Income Tax, saying it was not carrying out any commercial activity with any profit motive. A bench of Justices Sanjiv Khanna and Pratibha M Singh allowed the plea of the GNIDA seeking to set aside a 2015 order of the Central Board of Direct Taxes (CBDT) rejecting its application for grant of exemption under Section 10 (46) of the Income Tax Act 1961. Section 10(46) of the IT Act deals with the exemption of ‘specified…

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NEWS CATEGORIES WORLD NEWS 

Musharraf treason case to be heard on March 8

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A special tribunal in Pakistan will resume on March 8 the hearing of treason case against former military dictator Pervez Musharraf for imposing emergency rule in the country in 2007. Musharraf, 74, who left the country for Dubai in March 2016 , was declared a proclaimed absconder by the court in May 2016. The court also asked the government to confiscate his properties, including a farm house in suburbs of capital Islamabad. The former president was indicted in March, 2014 on treason charges for imposing emergency in the country which…

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BUSINESS NEWS CATEGORIES 

Sensex rises 134 pts; Nifty tops 10,500 on global cues

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The benchmark BSE Sensex rose over 134 points today on sustained buying in key frontline counters led by metal, auto, capital goods and banking stocks. Sentiments bolstered in all Asian markets following positive cues from Wall Street. Also, continued buying by domestic institutional investors (DIIs) and strengthening rupee boosted market mood, brokers said. The BSE Sensex rose 133.78 points, or 0.39 per cent, to 34,275.93. All sectoral indices were trading higher, led by metals, auto, capital goods and banking stocks that gained up to 1.34 per cent. The gauge had…

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BUSINESS NEWS CATEGORIES 

Rupee gains 6 paise against dollar in opening trade

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The rupee strengthened by 6 paise to 64.67 against the dollar at the forex market today on fresh selling of the American currency by exporters and banks amid strength in domestic equities. Dealers said dollar’s weakness against other currencies overseas and early gains in domestic equity markets supported the rupee. On Friday, the rupee had gained 31 paise to end at 64.73 against the US dollar. The dollar eased after climbing Friday on the back of the comments from the US Fed cementing expectations of more aggressive US rate hikes…

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Students and teachers returned to a Florida school for the first time since 17 people were killed there, consoling each other even as they called for swift action to address gun violence. “Imagine (being) in a plane crash and then having to get on the same plane every day and fly somewhere else — it’s never going to be the same,” David Hogg, a survivor of the February 14 shooting at a Parkland, Florida high school, told ABC television’s “This Week.” The school held a voluntary “orientation” Sunday, with teachers…

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NEWS CATEGORIES WORLD NEWS 

China prepares ground for Xi to stay in power indefinitely

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In an unprecedented move, China’s ruling Communist Party today prepared the ground for President Xi Jinping to stay in power indefinitely after the end of his second term in 2022 as it proposed to remove presidential term limits from the party’s Constitution. The CPC Central Committee proposed removing the clause that the President and Vice-President “shall serve no more than two consecutive terms” from the country’s Constitution, state-run Xinhua news agency reported today. The removal of the term limit, which is expected to be endorsed by the Plenum of the…

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NATIONAL NEWS NEWS CATEGORIES 

6 killed after being run over by locomotive in UP’s Hapur

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At least six persons were killed when they were run over by a locomotive at Pilkhuwa railway station in Hapur district of Uttar Pradesh, railway police said. SC Dubey, Superintendent of Police (GRP Moradabad), told PTI, “A group of seven youngsters was trying to cross the railway tracks. After seeing a train coming in front of them, they retracted their steps. But in the process, they were run over by a railway engine which was moving on the track behind them.” He added that five died on the spot, while…

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NATIONAL NEWS NEWS CATEGORIES 

Lotus will bloom again in Gorakhpur, Phulpur: UP Deputy CM

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Uttar Pradesh Deputy Chief Minister Keshav Prasad Maurya today expressed confidence that the BJP would sweep the March 11 bypolls to the Gorakhpur and Phulpur Lok Sabha seats. The bypolls were necessitated after Chief Minister Yogi Adityanath and Maurya vacated the Gorakhpur and Phulpur seats respectively, following their election to the Uttar Pradesh Legislative Council. “The lotus (BJP’s poll symbol) will bloom in both the seats. I have no doubt about this. The very fact that people are talking mostly about the BJP’s winning margin is itself an indicator that…

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NEWS CATEGORIES SPORTS 

PSG coach ‘optimistic’ injured Neymar will recover to face Real

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Paris Saint-Germain coach Unai Emery remains optimistic that superstar Neymar will be fit to face Real Madrid in their do-or-die Champions League clash despite suffering an ankle injury in Sunday’s 3-0 victory over Marseille. Neymar, the world’s most expensive footballer, was stretchered off 10 minutes from time at the Parc des Princes as PSG opened up a 14-point lead in Ligue 1. The 26-year-old was on his own when he innocuously rolled his ankle and flopped to the ground in pain. “The first examination in the locker room revealed that…

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ENTERTAINMENT NEWS CATEGORIES 

Fans gather outside Sridevi’s house, mortal remains to arrive tonight

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The air outside Sridevi’s residence is heavy with grief as fans of the veteran actor continue to queue up to catch one last glimpse of their ‘Chandni’. Sridevi, 54, died late at Saturday night reportedly due to cardiac arrest in Dubai, where she had gone to attend her nephew Mohit Marwah’s wedding. Ever since the news broke out, Sridevi’s Lokhandwala home – where she used to live with her husband Boney Kapoor and two daughters Janhvi and Khushi – witnessed a steady stream of ardent fans assembling outside her house…

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