Business news

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

Jio top innovator brand in India, Har Ghar Modi innovative campaign: Survey

The survey selected Har Ghar Modi, Padman Challenge, Reliance Jio Digital India, Me Too Campaign, and Swachh Bharat as the five most innovative campaigns in various categories.

Mar 26, 2018

Planning cryptocurrency investment? Read to know what US millennials are buying

A recent survey reveals the most favored cryptocurrency -- Bitcoin, Ethereum, or Litecoin -- among American millennials.

Mar 26, 2018

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UPI winning the race: India's homegrown payment system beats Visa, Mastercard

The interface is regulated by the RBI and works by instantly transferring funds between two bank accounts on a mobile platform.

Mar 26, 2018

Amazon still lags Flipkart: Is it only about the head-start?

While Amazon is slowly bridging the gap with Flipkart, the Silicon Valley giant still lags behind the homegrown rival when it comes to introducing business innovations.

Mar 26, 2018

Snub to US? China, India in $2.4bn deal to boost agri-products trade

The trade boost comes ahead of a proposed meeting between Commerce Minister Suresh Prabhu and his Chinese counterpart Zhong Shan in New Delhi this week.

Mar 26, 2018