6th attempt to auction Kingfisher House on Feb 13

6th attempt to auction Kingfisher House on Feb 13

MUMBAI: Kingfisher Airlines‘ (KAL) erstwhile headquarters has been put on the block for the sixth time by the Debt Recovery Tribunal Bangalore. The reserve price is Rs 82 crore which is over 45 per cent lower than the asking price in the first auction. The tribunal has said that the sale will take place on February 13, 2017 through e-auction. The sale follows a recovery certificate being issued by the […]

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Lamborghini drives in Urus SUV at Rs 3 crore

Lamborghini drives in Urus SUV at Rs 3 crore

NEW DELHI: Italian sports-carmaker drove in the in India priced at Rs 3 crore, looking to tap into the strong love of buyers for offroaders. The Urus is a much-awaited SUV from the company‘s stable, considering that Lamborghini did not have an SUV in its line-up for decades. The car sports a 4-liter V8 twin-turbo engine and delivers a maximum power of 650 hp. It can race from 0-100 km/h […]

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Inflation to hit 17-month high of 5.1% : Poll

Inflation to hit 17-month high of 5.1% : Poll

India‘s likely rose to a 17-month high in December, a Reuters poll showed, and that could push the central bank to tighten monetary policy. After November‘s 15-month high of 4.88 per cent, consumer price likely climbed to 5.10 per cent, which would the highest since July 2016, according to the median in the poll of nearly 40 economists over the past week. Factors that indicate higher December inflation are increased […]

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TOI Budget Special: Do you pay more taxes than other countries?

TOI Budget Special: Do you pay more taxes than other countries?

NEW DELHI: is around the corner and surely you are hoping that finance minister will reduce income tax rates. At present, India has a minimum tax rate of 10 per cent and maximum 35.5 per cent. According to reports, the finance ministry is contemplating a hike in personal and plans to tweak tax slabs. But if high tax rates bother you these facts should make you feel better. India‘s income […]

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Jet Airways to bar smart luggage from Monday

Jet Airways to bar smart luggage from Monday

MUMBAI: Following a direction from the global airline grouping , today said it will prohibit passengers from carrying , which include devices with non-removable batteries, on its aircraft from January 15. As per IATA, smart bags/smart luggage include devices with integrated lithium batteries, motors, power banks, GPS, GSM, Bluetooth, RFID or Wi-Fi technology. Bags with a lithium battery will only be accepted if it is possible to remove the battery. […]

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Tatas created shadow board: Mistry counsel

Tatas created shadow board: Mistry counsel

MUMBAI: The gloves were off on Thursday in a legal battle between and following the former‘s ouster on October 24, 2016 as its executive chairperson. Mistry‘s counsel Janak Dwarkadas said the Trusts created a “shadow board, stage-managed by Ratan Tata and two others” to shake principles of corporate governance. Tata Sons counsel A M Singhvi shot back, calling Mistry a “”, who in a proxy litigation through two family-held companies […]

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No impact on tax, consulting: Price Waterhouse

No impact on tax, consulting: Price Waterhouse

NEW DELHI: A day after banned Price Waterhouse (PW) from auditing listed firms for two years, the network of 11 firms, which stand to lose the mandate to audit around 75 listed companies from the next financial year, swung into damage control mode and told its clients that its tax advisory and consulting businesses were not impacted by the regulatory action. While making it clear that it will appeal against […]

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