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  • PwCA to call it quits as GVKPIL auditors
    on August 14, 2020 at 11:01 pm

    Price Waterhouse Chartered Accountants LLP (PwCA), the statutory auditors of beleaguered Hyderabad-based infrastructure player GVK Power & Infrastructure Ltd (GVKPIL), have communicated their intention to resign as auditors citing the failure of the company and its management to submit the requisite information to them for preparing the audit for financial year 2019-20.

  • FM asks CPSEs to meet 50% capex target by Sept
    on August 14, 2020 at 9:41 pm

    Finance minister Nirmala Sitharaman on Friday exhorted large central public sector enterprises (CPSEs) to achieve by next month 50% of their planned capital expenditure target for FY21 to support economic growth. She held a virtual meeting with secretaries of the ministries of shipping, road transport and highways, housing and urban affairs, defence and telecom.

  • Amazon launches online pharmacy in India
    on August 14, 2020 at 8:47 pm

    US tech giant Amazon launched its first Indian online pharmacy service on Friday as it attempts to grab more of the country's burgeoning e-commerce market. Amazon is battling Walmart-backed Flipkart and JioMart, owned by Asia's richest man Mukesh Ambani, as well as local companies in the vast market of 1.3 billion people.

  • Forex reserves climb to record $538.191 billion
    on August 14, 2020 at 7:31 pm

    The country's foreign exchange reserves swelled by $3.623 billion to a record high of $538.191 billion in the week ended August 7, RBI data showed on Friday. In the previous week ended July 31, the reserves had increased by $11.938 billion to reach $534.568 billion.

  • Income tax refund status: Here's how you can check
    on August 14, 2020 at 7:07 pm

    Taxpayers become eligible for refunds if higher taxes -- either through advance tax, self-assessment tax or tax deducted at source (TDS) -- are paid in comparison with the total tax liability. The refund can be claimed by filing the income tax returns (ITR) form within the specified timeline.

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