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Govt recovering tax from Cairn UK, why come after us: Cairn

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Cairn India, now Vedanta Ltd, today told the Delhi High Court that proceedings regarding an over Rs 20,000 crore tax demand for non-payment of withholding tax on capital gains in 2006 by its former parent Cairn UK, need not continue as the authorities have taken action against the foreign entity. Cairn India, which in April last year merged with businessman Anil Agarwal’s Vedanta Group, told a bench of Justices Sanjiv Khanna and Chander Shekhar that the Indian tax authorities have already recovered over Rs 600 crore from it towards the…

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LEGAL NEWS NEWS CATEGORIES 

Terror funding: NIA files charge sheet agnst Hafiz Saeed, others

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The National Investigation Agency (NIA) today filed a charge sheet in a Delhi court against terror masterminds Hafiz Saeed and Syed Salahuddin and ten Kashmiri separatists in a case of alleged terror funding and secessionist activities in the valley. The charge sheet was filed by the probe agency before Additional Sessions Judge Tarun Sherawat, who kept it for consideration later today. The probe agency said the 12,794-page charge sheet has been filed against 12 persons including Hafiz Saeed, the head of banned terror outfit Lashkar-e-Taiba, and Hizbul Mujahideen head Syed…

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BUSINESS NEWS CATEGORIES 

Nifty ends above 10,800 for the first time; up 28 pts

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NSE benchmark Nifty registered modest gains despite late volatility and advanced by 28.45 points to 10,817 — a fresh record closing high on sustained buying mainly in FMCG, bank Nifty and finance service sectors. Gains were triggered by reports indicating that the government is mulling a proposal to hike foreign direct investment (FDI) limit in the banking sector on the back of positive global cues amid sustained FII inflows, taking the key indices intra-day record highs, underpinned sentiment. However, heavy selling pressure during fag-end trade mainly in metal, realty, PSU…

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NEWS CATEGORIES WORLD NEWS 

Malaysian plane scare as flight diverted to Alice Springs

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A Malaysia Airlines flight was forced to divert to the Australian outback town of Alice Springs today for “technical reasons” in a scare one passenger described as “hell”. Flight MH122 was heading from Sydney to Kuala Lumpur when Australian reports said one its engines shut down. It landed safely in the desert town of Alice Springs. “Malaysia Airlines’ flight MH122 from Sydney to Kuala Lumpur has been diverted to Alice Springs due to technical reasons,” the airline said in a statement. “The A330-300 aircraft safely landed in Alice Springs airport.”…

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NEWS CATEGORIES WORLD NEWS 

Trump says Mexico wall idea intact;contradicts chief of staff

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Donald Trump today insisted that his view on building a wall along US-Mexico border has not changed and Mexico would pay for it “directly or indirectly”, contradicting remarks by his chief of staff that the president’s opinion on the barrier had “evolved”. Trump’s comments came after Retired General John Kelly told members of the Congressional Hispanic Caucus yesterday that parts of the border do not need a wall — and that Trump did not know that when making campaign promises. He said that the president has evolved in his thinking…

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NATIONAL NEWS NEWS CATEGORIES 

Goa invokes ESMA, prohibits proposed taxi strike tomorrow

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The Goa government today invoked the Goa Essential Services Maintenance Act against taxi operators who have decided on go on strike tomorrow. “The Government of Goa in exercise of the powers conferred upon it by sub section (1) of Section 3 of the Goa Essential Services Maintenance Act, 1988 (Goa Act 20 of 1989) and being satisfied that in the public interest it is necessary, has prohibited strike in any form in all transport services for the carriage of passengers or goods by land or water in the state of…

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NATIONAL NEWS NEWS CATEGORIES 

Goyal, industry discuss ways to quicken project implementation

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Railway Minister Piyush Goyal has met representatives of construction and consultancy majors and discussed with them ways to expedite the implementation of projects including high-speed and dedicated freight corridors. Goyal met representatives from KEC International, Siemens, Larsen and Toubro, Systra MVA Consulting India Pvt Ltd, Tata Projects Ltd and Afcons Infrastructure in Delhi. The meeting yesterday was also attended by senior officials of the Railway Board, a ministry statement said. Chairing the meet, Goyal discussed with them the issues related to construction timelines for India’s first high- altitude rail projects,…

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BUSINESS NEWS CATEGORIES 

GST Council discusses making return filing process simpler

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The all-powerful GST Council today veered around the idea of making the GST return filing process simpler to ease compliance burden for small businesses. The panel, headed by Finance Minister Arun Jaitley and comprising representatives of all states, at its 25th meeting today decided to reduce tax rate on 29 items and 54 categories of services with effect from January 25. Briefing reporters after the meeting, Jaitley said the next meeting of the Council may consider bringing items like crude oil, natural gas, petrol, diesel, ATF and real estate within…

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NEWS CATEGORIES SPORTS 

Sharapova cranks up title charge on day four

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Maria Sharapova laid down her Australian Open title credentials on a scorching hot Melbourne day Thursday, with Caroline Garcia and fellow veteran Agnieszka Radwanksa joining her in the third round. With the temperatures heading towards an energy-sapping 39 Celsius (102 Fahrenheit) and ice-towels in use, the Russian drawcard worked hard to get off court early against Anastasija Sevastova. It was the Latvian 14th seed who ended her Grand Slam comeback in the last 16 of the US Open in 2017 as she returned from a drug ban. But not this…

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ENTERTAINMENT NEWS CATEGORIES 

Kareena to walk for Anamika at LFW Summer-Resort 2018 finale

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Actor Kareena Kapoor Khan will be the showstopper for fashion designer Anamika Khanna at Lakme Fashion Week Summer-Resort 2018. Anamika will bring down the curtains to the upcoming fashion week with her collection ‘Reinventing Nudes’. The designer, who has often dressed Bollywood celebrities, said choosing the actor was an easy choice. “For this one it’s simple, it’s Kareena Kapoor. She’s the face of Lakme,” Anamika told PTI. The designer, known for her work with rich craftsmanship that blends Indian colours with global contours, said there is a need to look…

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