Clarifying the punishment on cash transactions of over Rs 3,00,000 as mentioned in the Union Budget 2017, Chairman of the Central Board of Direct Taxation, Sushil Chandra said that anyone found guilty of the crime would be liable to pay a penalty of 100%; the complete transaction amount.

IT company Tech Mahindra has suspended appraisals for its employees with over six years of experience, a report in The Economic Times said.

According to the report, senior employees will have to wait atleast two quarters before they know whether they will get a wage hike or not.

Bajaj Auto has upgraded its Pulsars and launched the new versions of the Pulsar RS200 and Pulsal NS200. While the Pulsar RS200 starts at Rs 1,21,881 lakh (ex-showroom, New Delhi), the NS200 is priced at Rs 96,453 (ex-showroom, New Delhi).

Both the new bikes are compliant to BS-IV emission norms, Bajaj Auto said in a statement.

State-owned refiner Hindustan Petroleum Corporation Ltd (HPCL) has received environment clearance for expansion of its Mumbai refinery in Maharashtra, entailing an investment of Rs 3,846 crore.

With the proposed expansion, HPCL said the Mumbai refinery will be able to produce gasoline and diesel meeting Euro IV quality specifications, besides other petroleum products like LPG, Naphtha, Kerosene, ATF, Fuel oil and Sulphur and can meet the current market demands.

Hyundai Motor India on Monday launched an updated version of its hatchback Grand i10 with price starting at Rs 4.58 lakh (ex-showroom Delhi).

The petrol variants of the vehicle are priced between Rs 4.58 lakh and Rs 6.82 lakh while the diesel variants are tagged between Rs 5.68 lakh and Rs 7.32 lakh (all prices ex-showroom Delhi).

Oppo is not a name that is anything like as familiar as Apple, Xiaomi or Huawei worldwide, but there’s further proof that it is most definitely one to watch, according the findings of a new report.

That’s because the little-known phone-maker scooped the top spot for smartphone sales in China last year, for the first time, fractionally beating out its sister company Vivo and heavyweight Huawei. Apple and Xiaomi, two massive names, meanwhile, posted their first annual shipment declines, highlighting the different struggles that both companies face in The Middle Kingdom.

Mumbai: Finance minister Arun Jaitley announced in the budget last week that the Indian Railway Catering and Tourism Corp. Ltd (IRCTC) will list along with other government-owned railways enterprises soon. So how will a listed, profitable IRCTC with a Rs1,500 crore turnover stack up against its listed peers?

Jaitley also announced that the government will waive off service charge on tickets booked through IRCTC (which is Rs20 or Rs40 at present, depending on the ticket category).

Bengaluru: Infosys Ltd may end the practice of giving an annual revenue forecast because of the difficulties associated with estimating how much its US clients will spend, especially after Donald Trump became president.

For the first time since Infosys started giving a revenue growth outlook in June 2001, the company’s board is debating if the company can predict its own business amid uncertain client spending, according to two executives directly familiar with the development. Both executives said that a decision has not been reached for now.

Telecom Commission has asked DoT to seek clarification from Trai on the Rs 3,050-crore penalty recommended by the watchdog on three service providers Bharti Airtel, Vodafone and Idea Cellular for allegedly denying interconnectivity to newcomer Reliance Jio. “The Telecom Commission has asked DoT to seek clarification from Trai on 10-12 points, including whether the 90-day period was given to telecom operators for providing point of interconnection, method of calculating penalty of Rs 50 crore per circle etc,” an official source said.

State-run power equipment maker BHEL today said that it has secured order for the installation of Solar PhotoVoltaic (PV) rooftop systems totalling 3.6 MW from Surat Municipal Corporation. While all the 10 identified areas of installation would be within the municipal limits of the city; 1MW energy will be required for Surat Smart City, BHEL said in a statement today. According to the statement, this is the single largest order for a Rooftop PV system won by BHEL and will be an important step in establishing the Maharatna company as one of the leaders in Rooftop PV system segment also.

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