ED issues lookout notice for P Chidambaram as SC rejects urgent bail

A Supreme Court bench headed by Justice NV Ramana refused to give Chidambaram interim relief from possible arrest in the INX Media case and instead referred the petition challenging the Delhi High Court rejecting anticipatory bail to Chief Justice Ranjan Gogoi

CG Power stock plummets after reports of massive fraud

In a regulatory filing CG Power disclosed that the advances to related and unrelated parties have been potentially understated by Rs1,990.36 crore and Rs2,806.63 crore, respectively, as of 31 March 2018 and by Rs1,479.34 crore and Rs1,331.47 crore, respectively, as of 1 April 2017

Task force on direct tax code submits report

The task force, headed by Principal Chief Commissioner of Income Tax, Akhilesh Ranjan, is reported to have recommended significant relief for taxpayers, including an across-the-board 25 per cent tax rate for corporates and a new 5-20 per cent slab to benefit middle and upper middle class

• Finance minister sees gradual reduction in tax rates for bigger corporates

RBI weighs linking all new loans to RBI's policy rates

RBI has kept the external benchmark (lending rate) in abeyance because it wanted to see how the market evolved, RBI governor Shaktikanta Das said, adding that while the banks have responded, the process needs to be faster

Army chief Bipin Rawat likely to be first Chief of Defence Staff

While there is some sort of a tri-service joint planning with a head quarters of the Integrated Defence Staff (IDS), the appointment of a CDS continued to be held in abeyance due of lack of consensus among the political leadership and the armed forces

Major trading nations feel the heat of China-US trade spat

The sluggish global trade hit Singapore’s gross domestic product the most as the city-state is more dependent on international trade than domestic economy