The Indian economy grew at 7.3 per cent in the September quarter of current fiscal, the fastest rate among major economies, but the positive trend may get affected due to centre's demonetisation drive. The July-September
RBI today permitted banks to include now defunct Rs 500 and 1,000 notes as part of their cash balance.
With an end goal to help faster resolution of cases and unlock value of assets, the Insolvency and Bankruptcy Code will get operational from tomorrow, Mamta Binani, President, ICSI, the apex body of company secretaries,
Amid a massive push from the government for cashless transactions following its move to scrap Rs 500 and 1,000 notes, Indian e-commerce website PayTM has said it has seen 35 million transactions for mobile and
Amid a massive push from the government for cashless transactions following its move to scrap Rs 500 and 1,000 notes, Indian e-commerce website PayTM has said it has seen 35 million transactions for mobile and
Amid reports of black money hoarders using the Jan-Dhan accounts to park their ill-earned wealth after Centre's demonetisation drive, the Reserve Bank of India today imposed a withdrawal limit of Rs 10,000 per month from
South Korea's industrial output fell in October as Samsung Electronics discontinued its latest flagship Galaxy Note 7 smartphones, a government report said on Wednesday. Production in all South Korean industries dipped 0.4 per cent in
Fitch Ratings today cut down India’s GDP growth forecast for this fiscal to 6.9 per cent from 7.4 per cent. It said that there will be “temporary disruptions” to economic activity post demonetisation. Fitch Ratings
The RBI on Saturday announced an incremental cash reserve ratio (CRR) of 100 per cent for banks, ordering them to deposit their extra cash with the central bank.
Moody's Investors Service sees securitisation market to remain stable next year despite as it expects good credit quality across most asset classes.
Defying the existing notion regarding the Hindi film industry, Union Minister of State for Information and Broadcasting Rajyavardhan Rathore today said that contrary to black money being pumped into the film industry in yesteryears, there
Since Prime Minister Narendra Modi announced the ban on Rs 500/1000 notes, the Deposits in Jan Dhan accounts soared sharply by around Rs 27,200 crore in just 14 days. With this, total deposits in 25.68
In the aftermath of the government’s demonetisation move, a PIL has been filed in the Allahabad High Court seeking crackdown on alleged laundering of black money through cash donations to religious institutions and charitable trusts,
The Service Tax Department is looking at having more participation when it re-auctions beleaguered businessman Vijay Mallya’s luxury personal jet on November 28-29 as it eyes recovery of around Rs 535 crore due from him.
Under fire for scrapping the high denomination currency notes, the government today said the decision to discard Rs 500/1000 notes was taken on the recommendation of the Reserve Bank of India (RBI). "It is not
Ousted Tata Steel Chairman Cyrus Mistry is likely to address the shareholders at the extraordinary general meeting (EGM) convened on December 21, the company said today. "Cyrus P. Mistry has informed the company that he
Centre will make up to the states bearing loss of revenue from implementation of GST by giving them provisional compensation every quarter. The final number, however, would be fixed after CAG carries out an audit.
Ousted Tata Sons chief Cyrus Mistry was today shown the exit door from Tata Steel. OP Bhat, an independent director in the company, has replaced Mistry as the chairman of the steel giant. Next on
Unaccounted deposits in outlawed Rs 500 and Rs 1000 currency notes up to December 30 if declared to taxmen will attract 50% tax, along with a lock-in of 4 years, sources said. In case the
In further crackdown on black money, the Narendra Modi government may consider imposing curbs on domestic holdings of gold, according to finance ministry sources. However, when a finance ministry spokesman was asked about the same,
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