Business news

GST Council allows late filing in first two months of tax regime launch

Companies need to file a complete return of their sales invoices by the 10th of the following month, with a second by the 15th, and a third return to calculate their tax bill.

Jun 18, 2017

Recovery time: Bankers to meet on Monday to decide on RBI's defaulter list

The 12 accounts were identified by the IAC after studying the top 500 ones in the banking system for defaulter urgency and insolvency potential.

Jun 18, 2017

Patanjali is the 'most overhyped brand' in India: Marico chief

Harsh Mariwala says that in most cases, Patanjali products are struggling with a market share of 2-3 percent.

Jun 18, 2017

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Airbnb buying Indian-founded background check startup

Airbnb has worked with Trooly since 2015 to weed out trouble makers from its host and guest listings. The acquisition of Trooly is expected help Airbnb consolidate host and guest data to make oversight more efficient.

Jun 18, 2017

Growth rage? Angry Birds may look at tapping markets

Angry Birds creator Rovio just returned to profit last year with its movie The Angry Birds, which became the third highest grossing animation feature in China.

Jun 17, 2017

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Infosys: Key takeaways from annual report 2017

India's second-largest IT services company Infosys, headed by CEO Vishal Sikka will be holding its 36th AGM on June 24.

Jun 17, 2017

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After TCS, focus now shifts to Infosys AGM

Infosys will be holding its 36th annual general meeting (AGM) on June 24 in Bengaluru, amid rumours of stake sale by founders and charges of activism.

Jun 17, 2017

Amazons Jeff Bezos asked Twitter for philanthropy ideas and Twitter responded

Amazon founder and CEO Jeff Bezos wanted ideas for philanthropy. So he sent a tweet to his more than 220,000 followers, asking for suggestions. Here are some of the most interesting answers.

Jun 17, 2017

LGBT men from Chechnya arrested and tortured because of their sexuality

Two men from Chechnya said they were detained by police and subjected to torture and beatings because they were homosexual, which is considered a crime by some in their deeply conservative region of Russia.

Jun 17, 2017

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Taxing with parity: India all set for GST, says top Finance Ministry official

GST will require firms to file at least three online tax returns monthly into the GST Network, which will process up to 5 billion invoices a month.

Jun 17, 2017

After decades of accusations, Bill Cosby awaits verdict in sexual assault case

After decades of accusations, dozens of alleged sex crime victims await Bill Cosbys verdict in the sexual assault case Constand v. Cosby.

Jun 17, 2017

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CDSL IPO: Shares likely to list at a premium, say brokerages; all you need to know

Central Depository Services (India) Limited, or CSDL, is coming out with an initial public offering (IPO); issue opens on June 19 and closes on 21.

Jun 17, 2017

Champions Trophy 2017 final: TV ad rates rocket ahead of India-Pakistan clash

A 30-second spot during the India-Pakistan final match on Sunday to be broadcast by Star Sports is expected to cost nearly Rs 1 crore, far higher than the Rs 10 lakh that advertisers pay on average for most Indian shows.

Jun 17, 2017

Thank haven! Swiss bank vaults may crack under Modi govt heat

Switzerland and India agree to share financial information on Indian bank accounts on automatic basis from September 2019.

Jun 16, 2017

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Cab-hailing companies Careem, Grab, Lyft, Ola rock even as bad news hits Uber

Careem gets funding from Saudi billionaire Prince Alwaleed and Daimler, Alibaba's Jack Ma eyes stake in Grab, Ola raises $50 million and Uber continues to embarass.

Jun 16, 2017