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I-T officials raid Karnataka minister DK Shivakumar

I-T department raids Karnataka minister DK Shivakumar's residence, Bengaluru resort housing 44 Gujarat MLAs [VIDEO]

The Income Tax department conducted raids at the residence of Karnataka minister D.K. Shivakumar and his brother D.K. Suresh Aug 2, 2017
intellect design arena, intellect design share price, intellect design arena news, rekha jhunjhunwala sells, rakesh jhunjhunwala intellect design arena, bse sensex, nse nifty

Markets cautious ahead of RBI's monetary policy meeting outcome

The Reserve Bank of India's monetary policy committee is expected to announce its decision today amid expectations of a 25 basis point cut in repo rate. Aug 2, 2017
ndtv, prannoy roy, rajdeep sardesai, secular journalists, income tax raids, cbi raids on prannoy's residence, icici bank ndtv case, money laundering, media vendetta, modi govt, bjp and ndtv

NDTV gets partial relief in income tax case; June quarter performance worsens

The news channel is embroiled in many cases, including ICICI Bank loan repayment and now income tax; its income has taken over the past few quarters. Aug 2, 2017
Flipkart

Snapped deal: Softbank to spend $2 billion on taking stake in Flipkart

Softbank plans to invest $2 billion in Flipkart despite a failed merger deal with Snapdeal. The fiasco, however, dashed Softbank's hoped to hold a major stake at Indian e-commerce giant Flipkart. Aug 1, 2017
IOC BPCL india petrol diesel fuel stations retail fuel petrol bunk HPCL reliance essar

Hero Motocorp. Honda, Suzuki, Eicher Motors post upbeat volume sales for July

Most of the two-wheeler companies saw domestic sales rising sharply in July, the first month of GST implementation. Aug 1, 2017
snapdeal, snapdeal layoff, snapdeal retrenchment, snapdeal cofounders, crisis at snapdeal, snapdeal news, kunal bahl, rohit bansal

Snapdeal Saga: 1,000 employees to get pink slips after Flipkart merger called off

A senior official of the company said that the management has given verbal instructions to their department heads to prepare the list. Aug 1, 2017
note ban, demonetisation, rbi, modi govt, currency, rs 100 note, fm jaitley, arun jaitley, indian economy, atm, cash deposit

Here are 5 easy ways to make sure your personal loan does not become a debt trap

The quick and easy accessibility feature of a Personal Loan makes it the most sought after loan options during an unexpected financial crisis, but how do you make sure it doesn't become a debt trap? Aug 1, 2017
personal finance, mf investments, mutual funds, reliance growth fund, returns on reliance growth fund, reliance mf, mf schemes, indian mutual funds

Investing in Mutual Funds? Here are 5 mistakes to avoid

Investors often have questions for the financial advisors on how to make their investments more effective. Here's a list of five mistakes that investors should avoid making. Aug 1, 2017
Flipkart

Here's some consolation for Flipkart as it completes merger with eBay India

The Flipkart-eBay deal was announced in April when the former had raised about Rs 8,970 crore ($1.4 billion) from Microsoft, Tencent and eBay, which then sold its India biz to Flipkart. Aug 1, 2017
tech mahindra q2 results net profit share price revenues income operations margins nasscom growth it industry body projections estimate gurnani

Tech Mahindra gains 7% on upbeat June quarter results; select stocks hit new 52-week high

For the June quarter (Q1), Tech Mahindra reported 10.3 percent YoY rise in revenues and 6.6 percent increase in net profit, leading to a spurt in share price. Aug 1, 2017
Indian IT sector

TCS, Infosys and Tech Mahindra's workforce dwindles in Q1 FY18; bleak days far from over?

Tata Consultancy Services, Infosys, Wipro, HCL Technologies and Tech Mahindra – which totally had 9,84,913 employees at the end of the quarter ended June 30 saw the number decline by 1,821 people, Aug 1, 2017
GST protests

Above the table: GST gets it right on the money

The landmark reform's biggest loophole will appear in the form of our systemic inability to discard old paradigms. Jul 31, 2017
Banks third party products

Esops fable might turn sour if 8 lakh bank staff fail to recover bad loans

Scheme planned to come into force in 2017-18; most state-run banks have provision coverage ratio less than 65 percent. Jul 31, 2017
Bombay Stock Exchange (BSE)

Max calls off merger with HDFC Standard Life Insurance

The confirmation comes days after the insurer's parent HDFC said it will offload 9.5 percent through an initial public offering. Jul 31, 2017
budget 2017, income tax, tax planning, tax calculation, exemption, section 80c, personal finance

Few more days: Deadline for filing income tax returns extended to August 5

The primary reason for the extension in deadline is understood to be technical snag developed due to the last-minute rush by tax filers. Jul 31, 2017
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