"You could see spikes to even higher than $100 a barrel, even $130, and you could also see it go down to $35 a barrel for periods of time g...

Goodricke Group Limited, part of the Camellia PLC, owns and manages reputed tea estates like Castleton, Margaret’s Hope, Badamtam, Barnesbe...

Finance Minister Arun Jaitley set up the committee when the issue threatened to get out of hand and defeat the government’s bid to drum up ...

Government today told the Supreme Court that it stood by its circular exempting them from paying minimum alternate tax (MAT).

"When the govt eventually announces the decision to accept our report and take the decision not to levy MAT on the FIIs, the pending procee...

The government clarification will be followed up with amendments to Section 115 JB of the Income Tax Act in the winter session of Parliamen...

If the recommendations are accepted, it would mean a relief for foreign investors facing several years of levies on capital gains.

In a big relief to FIIs, a government-appointed committee has recommended that there was no case for imposing the controversial minimum alt...

Asked about the recommendations and if the foreign investor community can expect some relief, Shah said: “It is not about giving any relief.

The issue began after the tax department sent a raft of notices to FPIs seeking MAT worth hun dreds of crores late last year.

The income-tax department issued notices to FPIs asking them to pay MAT for prior years, prompting worries about an arbitrary tax regime.

The amount is much lower than the $6-7 bn claimed by overseas investors, who have been trying put pressure on the government to withdraw th...

On Monday, some portfolio investors discussed the uncertainty caused by the MAT issue during a conference call organised by Deloitte.

The tax department has issued demand notices to the tune of Rs 6,5007,000 cr (around $1 bn) to foreign portfolio investors (FPIs).

Attorney-General Mukul Rohatgi has agreed to a plea from senior lawyer Harish Salve, representing Castelton.

The assurances came during meetings and conference calls the foreign portfolio investors had today with Minister of State for Finance Jayan...

Castleton’s caves and spectacular scenery make it an ideal getaway in Britain’s Peak District.