Page 2702 - Business Finance
E-filing of IT returns up by 40%
New Delhi [India], Aug 28 (ANI): Data tabulated by the Income Tax (IT) department has highlighted a 40 per cent increase in incremental growth in the e-Filing of IT returns.As on August 26, data which was accessed by ANI showed that more than 4.37 crore returns were filed for the financial year ending March 31 against 3.10 crore returns for the financial year 17-18 (Assessment Year 16-17).A senior IT official told ANI on the condition of anonymity that out of 4.37 crore returns, 2.49 crore was processed. The official further said that the number is expected to increase, with the last date of filing fixed for August 31, with incremental growth each category, especially the returns filed for more than Rs 50 lakh and Rs 1 crore.Furthermore, data revealed that the IT department has already processed 62 lakh refund for the current assessment year, till August 26, against 23 lakh cases in the same period last year, thus reflecting an incremental growth of more than 168 per cent.The official
Asian shares, dollar becalmed awaiting trade news
SYDNEY (Reuters) - Asian share markets were left in limbo on Wednesday as optimism over the U.S.-Mexico trade deal was quickly replaced by caution ahead of a looming deadline on tariffs with China.
Chinese biotech valuations likely hit as trailblazer's Hong Kong shares sink
HONG KONG/SAN FRANCISCO (Reuters) - Biotech startups can expect more measured valuations should they list in Hong Kong, investors and bankers said, after shares of the first such firm to take advantage of rules allowing listings from pre-profit biotechs dropped 44 percent in the first month.
Japan's Itochu to buy stake in EV startup Singulato - sources
BEIJING (Reuters) - Japanese trading house Itochu Corp <8801.T> is to invest less than 1 billion yen ($9.05 million) in Singulato Motors, a Chinese smart, connected electric vehicle startup - a deal that might lead to further partnerships with Japanese automakers and suppliers, two people familiar with the matter said on Wednesday.
Exclusive: Mexico's new government may halt oil auctions indefinitely - document
MEXICO CITY (Reuters) - Mexico's incoming government is considering indefinitely suspending auctions for oil and gas projects, and giving state-owned Pemex authority to pick its own joint-venture partners rather than holding competitive tenders, according to policy guidelines seen by Reuters.
U.S. banking regulator kicks off low-income lending rules rewrite
WASHINGTON (Reuters) - A federal regulator said on Tuesday it is seeking input on rewriting decades-old rules aimed at encouraging bank lending in low-income communities.
Excluive: Sterilisation firm Sotera Health explores sale for nearly $5 billion - sources
(Reuters) - Sotera Health, a private-equity owned company that operates facilities that sterilise medical products and food, is exploring a potential sale worth as much as $5 billion including debt, people familiar with the matter told Reuters on Tuesday.
Hewlett Packard Enterprise names former Sprint executive Robbiati CFO
(Reuters) - Hewlett Packard Enterprise on Tuesday appointed former Sprint Corp Chief Financial Officer Tarek Robbiati as its new finance head.
U.S. Senate votes to confirm Fed vice chair nominee Clarida
WASHINGTON (Reuters) - The U.S. Senate voted on Tuesday to confirm Richard Clarida as vice chair of the Federal Reserve, one of the most powerful positions at the central bank.
Wall Street edges up as Canada takes trade spotlight
NEW YORK (Reuters) - The S&P 500 and the Nasdaq edged up to record highs for the third consecutive session on waning trade jitters that have vexed the markets for much of the year.
Ex-CEO sues Barnes & Noble over ouster linked to alleged harassment
NEW YORK (Reuters) - Barnes & Noble Inc was sued on Tuesday by a former chief executive officer who said the largest U.S. bookstore chain falsely accused him of violating its sexual harassment policy before firing him after 14 months on the job.
Global Markets: Stocks climb; markets hail U.S.-Mexico trade deal
NEW YORK (Reuters) - A global stocks index advanced to more than five-month highs on Tuesday, the day after a U.S.-Mexico trade deal boosted investor confidence.
Oil dips on profit-taking, trade deal limits decline
NEW YORK (Reuters) - Oil prices fell on Tuesday as some investors took profits on recent strong gains, but losses were limited the day after a U.S.-Mexico trade agreement eased worries about tensions between the two countries.
US-based NetObjex acquires India's Serventire Global
US-based IT firm NetObjex Inc on Tuesday said it has acquired Serventire Global Pvt Ltd -- a Blockhain solutions provider based in Technopark here.
Committed to turnaround; reduced debt in Q1: Jet
Jet Airways on Tuesday said that it has reduced the overall debt burden during the first quarter of 2018-19 and is committed towards a turnaround strategy.
Trudeau vows to defend Canada dairy sector in NAFTA talks
Prime Minister Justin Trudeau today said he will not to give in to US demands to dismantle or greatly open up access to Canada's supply-managed dairy market in a revamped continental trade deal. "My position on defending supply management has not changed. We will defend supply management," Trudeau said during a visit with local business leaders in Quebec.
Gold turns negative as U.S. Treasuries rise after U.S.-Mexico deal
NEW YORK/LONDON (Reuters) - Gold turned negative on Tuesday as U.S. Treasuries rose after the United States and Mexico struck a trade deal, with analysts saying ongoing U.S.-China tensions would continue to weigh.
Chinese EV maker Nio expects to raise $1.32 billion in IPO
(Reuters) - Chinese electric vehicle start-up Nio Inc, backed by Chinese tech heavyweight Tencent Holdings Ltd <0700.HK>, on Tuesday said it expects to raise up to $1.32 billion in its initial public offering.
Belarus to propose higher potash price to China
MINSK (Reuters) - Belarusian Potash Company (BPC), the world's largest potash exporter, will propose raising the price of its new contract with China to $290 per tonne, the level of its recently signed deal with India, Chief Executive Elena Kudryavets said.
Berkshire Hathaway invests in Paytm
American multinational conglomerate Berkshire Hathaway on Tuesday made an unspecified investment in leading digital payment provider Paytm, a statement said.