Mumbai news

By the end of December 2023, Mumbai would have an equal number of domestic departures as Delhi which currently has 78 daily domestic departures. File Notwithstanding the uncertainty over the brand name continuing after its merger with Air…

MUMBAI: Mauritius-registered IndusInd International Holdings (IIHL), promoter of IndusInd Bank, has approved a capital raise of $1.5 billion to fund its stake increase in the bank and acquire Reliance Capital (RCap).In its meeting held on…

Mumbai: In his first address to employees post-merger, Sashidhar Jagdishan, MD & CEO, of HDFC Bank said that HDFCBank’s planned growth rate could create a new HDFC Bank every four years. He said the bank would add 1,500 branches…

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MUMBAI: The Income-tax Appellate Tribunal (ITAT), Mumbai bench, has held that co-ownership in more than one residential house will not debar the taxpayer from claiming tax exemptionon long-term capital gains. This decision, given in the…

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MUMBAI: Business tycoon Sajjan Jindal’s flagship JSW Steel plansto raise over Rs 25,000 crore through various instruments to finance its growth plans. Its proposed fund-raise programme covers issuance of equity shares worth Rs 14,000 crore…

MUMBAI: The West Bengal bench of the Appellate Authority of Advance Rulings (AAAR) has upheld an earlier ruling and said that sale or right to use a car park is not naturally bundled with construction services. Thus, it will not be treated…

Mumbai: Shares of Life Insurance Corporation (LIC) have fallen 35% from the listing day and nearly 40% from the IPOprice of Rs 949. The Rs 2.4-lakh-crore loss in market cap since its listing on May 17, 2022 brackets LIC’s listing among the…

Mumbai: International credit card swipes for some payments will soon be subject to tax collection at source (TCS) with the government removing the exemption to card spends from current account transaction rules. This means credit card…