Bank accounts face suspension: What FATCA rules say

Bank accounts face suspension: What FATCA rules say The Income Tax Department on Tuesday made it mandatory for bank account holders to self-certify their accounts by April 30. The new ruling applies to accounts that were opened between July 2014 to August 2015. Under Foreign Accounts Tax Compliance Act or FATCA, an…

Sensex recovers 155 points in late morning trade

Sensex recovers 155 points in late morning trade The BSE benchmark Sensex recovered 155 points to quote at 29,787 in post noon trade as fresh buying by investors led to widespread gains ahead of the earnings season. Domestic bourses bucked the weak trend witnessed in most of the Asian markets. Sectoral indices such as…

RIL stocks surge 52-week high of Rs 1,380.50 on Summer Surprise

RIL stocks surge 52-week high of Rs 1,380.50 on Summer Surprise It is a Happy New Year for Reliance Jio. The company’s parent Reliance Industries’ stocks started 2018 financial year on a positive note on bourses. Stocks of RIL surged a 52-week high of Rs 1,380.50 or 4.5 per cent, according to NDTV. Reliance…

No special treatment for Vodafone, Idea: Manoj Sinha

No special treatment for Vodafone, Idea: Manoj Sinha Government today said there will be no special treatment for Vodafone India and Idea Cellular which have decided to merge and the companies will have to comply with existing norms on spectrum, subscriber and revenue caps. “They have to comply with the…