Business news

ICICI Bank fined Rs 58.9 crore by RBI: Know why

The penalty news comes a day after ICICI Bank clarified it stands on the bank's loan exposure to Videocon Group.

Mar 29, 2018

Meet the cryptocurrency billionaire who built no. 1 exchange in 8 months

The founder of Binance, who goes by the name of CZ, has steered his company to a $200 million profit in its second quarter of existence.

Mar 29, 2018

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What jobs growth? Employment rate actually fell under Modi govt

The employment rate in India shrank by 0.1 percent in the financial year 2015-16 and by 0.2 percent in 2014-15.

Mar 29, 2018

Mutual fund investors beware! Your asset manager may be overcharging you

SEBI's recent study revealed that fund managers have overcharged mutual fund investors as much as Rs 1,500 crore in the last five years.

Mar 28, 2018

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Lone analyst says sell ICICI Bank and he may be right

The Singapore-based Sanford C. Bernstein & Co analyst has a bearish call with a "buyer beware" warning on the whole banking industry.

Mar 28, 2018

Income tax department freezes Cognizant's bank accounts in Chennai, Mumbai

Nasdaq-listed Cognizant's Indian unit allegedly failed to pay tax of more than Rs 25 billion ($386 million) in the 2016-17 financial year.

Mar 28, 2018

Missed filing tax return for past years? March 31 is the deadline

Last date for filing belated returns for Assessment Years 2016-17 and 2017-18 and revised returns for Assessment Year 2016-17 is March 31, 2018.

Mar 27, 2018

Tax changes for senior citizens that will come into effect from April

Here are the key income tax changes for the senior citizens in the country which will come into effect from April 1, 2018

Mar 27, 2018

Aircel shutdown leaves 5,000 employees in lurch over salary dues

The Gurugram-based firm was in talks to merge with Reliance Communications, but the talks failed to materialize and the carrier then decided to shut down operations in 6 regions.

Mar 27, 2018

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SBI, PNB and ATM service providers under tax scanner

To avoid payment of VAT and the wrongful claim of the tax credit, the revenue department's intelligence unit has started an investigation into certain banks and ATM service providers.

Mar 27, 2018

Cryptocurrency market is shrugging off the Big Tech ad ban: Here's why

Microblogging site Twitter has banned cryptocurrency-related ads, following similar bans by Google and Facebook earlier this year.

Mar 27, 2018

India is second largest steelmaker, ahead of Japan but behind China

China's production for February was 64.9 million tonnes (Mt), while India followed with 8.4 Mt. Japan produced 8.3 Mt, down 0.5 percent.

Mar 27, 2018

Indian bonds are no more selling like hot buns: Here's why

Foreign investors have sold a net $1.12 billion in Indian debt this month - the highest since December 2016, and are now on the verge of turning net sellers for the year.

Mar 27, 2018

ICICI Securities IPO undersubscribed: Did high valuations deter wealthy investors?

The portion of shares kept aside for retail investors and high net-worth individuals were subscribed 88 percent and 36 percent, respectively.

Mar 27, 2018

Markets are bleeding, but Jeff Bezos adds $25 billion to his fortune

According to Bloomberg Billionaire Index, Jeff Bezos' net worth is $125 billion. He added $25 billion to his fortune since January 1, despite the massive sell-offs in global markets.

Mar 26, 2018