CAs could be punished for helping clients in money laundering

CAs could be punished for helping clients in money laundering

The government has moved to punish chartered accountants if they help clients hide ill-gotten wealth through opaque bank transactions, or money laundering, two top officials said on Tuesday. The proposal to tweak the Prevention of Money Laundering Act (PMLA) came...
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Uber CEO Travis Kalanick takes leave of absence, will lose authority

Uber CEO Travis Kalanick takes leave of absence, will lose authority

Uber Technologies Inc Chief Executive Officer Travis Kalanick told employees on Tuesday he will take time away from the company he helped to found, one of a series of measures the ride-hailing company is taking to claw its way out...
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Germany’s Deutsche Post DHL Group ropes in Ford for electric delivery vans

Germany’s Deutsche Post DHL Group ropes in Ford for electric delivery vans

German logistics group Deutsche Post DHL Group is expanding its foray into electric delivery vans, signing Ford as a components supplier for a new line of larger vehicles, the companies said on Wednesday. Deutsche Post initially developed an electric minivan.....
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IT minister to meet top tech bosses over job loss fears, slow digitisation

IT minister to meet top tech bosses over job loss fears, slow digitisation

Worried over job losses in the IT sector and slow digitisation, the government has decided to meet top CEOs of IT companies on June 16. Union IT minister Ravi Shankar Prasad will convene a meeting in New Delhi with 20...
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Postpone plan for daily revision of fuel prices or face indefinite strike, threaten dealers’ association

Postpone plan for daily revision of fuel prices or face indefinite strike, threaten dealers’ association

Fuel stations across the country could go dry from June 16 with a petroleum dealers’ association threatening to go on strike if their concerns over the proposed roll out of daily price revision are not addressed. On June 8, state-owned...
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Iran raises oil exports to West, almost on par with Asia

Iran raises oil exports to West, almost on par with Asia

Iran’s oil exports to the West surged in May to their highest level since the lifting of sanctions in early 2016 and almost caught up with volumes exported to Asia, a source familiar with Iranian oil exports said. Iran, which...
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