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Fresh investments by pvt cos jump 97% in Q1: CMIE

India’s private sector announced fresh investment projects worth Rs 15.4 lakh core NEW DELHI: Defying expectations, India’s private sector announced fresh investment projects worth Rs 15.4 lakh core in April-June quarter (Q1), a 97% jump compared to corresponding quarter of the previous financial year, latest CMIE data showed. This improvement in confidence was led by...
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Canada fund buys 24% in tower firm for $1.3bn

Canada’s La Caisse (formerly CDPQ) has bought a 24% stake in Brookfield-backed Altius Telecom Infrastructure Trust MUMBAI: Canada’s La Caisse (formerly CDPQ) has bought a 24% stake in Brookfield-backed Altius Telecom Infrastructure Trust for about Rs 12,100 crore ($1.3 billion). Brookfield and its entities will remain the largest shareholder in the company with a 37%...
income tax notice

He got Rs 30 lakh salary but missed ITR filing after changing jobs due to delayed Form 16; Income Tax department imposed Rs 3.74 lakh penalty, how taxpayer won relief from ITAT

Although the Form 16 was not available to him, Aggarwal’s Form 26AS contained the details of the TDS that had been deducted. Switching jobs comes with the need for increased vigilance on the income tax front. But what if your Form 16 is delayed and you are unable to file your tax return in time...
rbi

India draws record $127 billion through forex deposits: RBI

India mobilised a record $127.23 billion through foreign-currency deposits under a special central bank programme aimed at strengthening the country’s foreign-exchange liquidity, highlighting the role of the overseas Indian community in supporting the economy during periods of market stress, the Reserve Bank of India said on Wednesday.Foreign Currency Non-Resident (Bank), or FCNR(B), deposits accounted for...
108357295 1788292983337 Flagship Suite 2

American Airlines redesigns Boeing planes in premium push

American Airlines seat in its Flagship Suite. Courtesy: American Airlines American Airlines is expanding its push into premium travel on its largest planes. The carrier on Wednesday launched its first retrofitted Boeing 777-300ER, which it uses for its most popular long-haul international flights, including routes to London, Tokyo and Sydney. The new layout on the...
vande bharat sleeper

In 2019, India launched its first Vande Bharat Express; seven years later came the sleeper version, and Railways now plans 260 Vande sleeper rakes with world-class features

The first pair of Vande Bharat sleeper trains was launched earlier this year between Guwahati and Howrah. Indian Railways’ first Vande Bharat Express was launched back in 2019 amid much fanfare. The chair car train became the face of modern train travel in India and now the Vande Bharat sleeper train is looking to replicate...
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