Business news

2 lakh shell firms may face criminal action for depositing unexplained money during demonetisation

If found guilty, the firm owners face imprisonment of three to 10 years for fraud. Moreover, a penalty can be levied on the fraudulent firm, which is equal to the value of the offence.

Oct 23, 2017

GST needs major rate structure revamp, says Hasmukh Adhia

Adhia said the overhauling would require some calculations by the fitment committee, which will decide which items need a rationalisation of rate under the GST regime.

Oct 22, 2017

Setback for Stayzilla; NCLAT snubs appeal against insolvency process

A three-member bench of SJ Mukhopadhaya, AIS Cheema and Balvinder Singh said that it did not find any merit in the company's appeal.

Oct 22, 2017

Only 3.9 million GST returns for September, number half the expectation

Worried with the less than expected level of compliance, the central government has already asked states to find out possible reasons.

Oct 22, 2017

Trump now says that Puerto Rico suffered worse than Katrina

President Trump now says that Puerto Rico suffered worse than Katrina.

Oct 20, 2017

Google Maps now covers our solar system

Google Maps released a new feature called Planets, which allows user to zoom out of Earth and navigate through different planets in the universe.

Oct 20, 2017

Weapons maker Kalashnikov develops electric bike

Kalashnikov — the Russian weapons maker and creator of the infamous AK-47 rifle — has developed an all-electric motorbike for use by the countrys police and military.

Oct 20, 2017

Air India looks for Rs 1,500 crore short-term loan to stay afloat until divestment

Air India has put out a requirement for Rs 1,500 crore in short-term loans for working capital needs. Read to know how it is faring.

Oct 20, 2017

aadhaar, bank accounts, cash, note bank, atm, pan, indian banks, bank account, account holder

RBI yet to issue instructions over 'mandatory' Aadhaar linking of bank accounts: RTI

If your bank has been threatening to suspend your bank account for not linking it with Aadhaar, here is what you need to know.

Oct 20, 2017

After gas fields tie-up, BP to join hands with Reliance to start petrol pumps in India

A year ago, the firm received an in-principle approval from the oil and petroleum ministry to roll out its petrol pump business in India.

Oct 19, 2017

Why are telecom stocks rallying even when financials are bleak?

Investors are bullish on telecom stocks such as Airtel and Idea as an incoming oligopolistic market structure will push up revenues and earnings in the long term.

Oct 19, 2017

Vedanta's Anil Agarwal to set up Rs 6,500 crore fund for startups in commodity sector

Once the venture is been set up, this will the first natural resources-focused venture fund established by an Indian industrialist.

Oct 19, 2017

As Diwali drives online sales, e-commerce firms fail to deliver orders in time

Despite deploying temporary recruits, giant e-commerce companies fail to address long delivery delays.

Oct 18, 2017

US MegaBots beat Japan in worlds first-ever giant robot showdown

The much-awaited worlds first-ever giant robot duel was finally streamed online on 17 October. Team USA toppled Japan in the battle that saw the 16ft-tall Eagle Prime by the U.S.-based robotics company MegaBots taking on Japans Suidobashis 13ft-tall Kuratas robot.

Oct 18, 2017

BankBazaar secures Rs 195 crore in Series D funding led by Experian

This recent round of financing brings BankBazaar's total funding amount to Rs 715 crore ($110 million).

Oct 18, 2017

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Business news

2 lakh shell firms may face criminal action for depositing unexplained money during demonetisation

GST needs major rate structure revamp, says Hasmukh Adhia

Setback for Stayzilla; NCLAT snubs appeal against insolvency process

Only 3.9 million GST returns for September, number half the expectation

Trump now says that Puerto Rico suffered worse than Katrina

Google Maps now covers our solar system

Weapons maker Kalashnikov develops electric bike

Air India looks for Rs 1,500 crore short-term loan to stay afloat until divestment

RBI yet to issue instructions over 'mandatory' Aadhaar linking of bank accounts: RTI

After gas fields tie-up, BP to join hands with Reliance to start petrol pumps in India

Why are telecom stocks rallying even when financials are bleak?

Vedanta's Anil Agarwal to set up Rs 6,500 crore fund for startups in commodity sector

As Diwali drives online sales, e-commerce firms fail to deliver orders in time

US MegaBots beat Japan in worlds first-ever giant robot showdown

BankBazaar secures Rs 195 crore in Series D funding led by Experian

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]