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Online filing of forex transfer of shares starts from Aug 24

The Reserve Bank on Friday said online filing of foreign currency transfer of shares will be operational from Monday next week to facilitate reporting of transactions under foreign direct investment.

Oil MNC, Indian unit facing tax scrutiny: Sinha

The government has initiated proceedings against a foreign company as well as its Indian group firm for tax demand of as much as Rs 10,247 crore, Minister of State for Finance Jayant Sinha said in Parliament Friday.

Transfer of shares within Wipro promoter group entities

The transaction is "inter-se transfer" of shares within the promoter group entities, Wipro said in a filing to BSE.