Business news

What is unexplained cash credit in your bank account and why you need to pay upto 83% income tax

The Income Tax department strengthened the scrutiny on taxpayers, by demanding the source of income for "unexplained cash credit" into their bank accounts the previous year, and source of gold, jewellery or other valuable items undeclared by the taxpayer.

Aug 24, 2020

Finance Ministry lauds GST era: Marked reductions in tax rates; tax payer base doubles to 1.24 crore

The Finance Ministry remembers Arun Jaitley on his death anniversary, says in the GST era, marked reductions in tax rates have been observed. The Ministry has also pointed at an increase in the taxpayer base to 1.24 crores.

Aug 24, 2020

OYO's 'Weddingz.in' sees 40% pre-Covid level demand in Unlock 3.0

Weddingz.in said that through several initiatives, the platform managed to enable and support its venue partners with necessary training, implementation of new SOPs and technologies to ensure business continuity and recovery from the Covid crisis.

Aug 23, 2020

Digital Entrepreneur Himanshu Patel levelling up the Digital Marketing game

Himanshu Patel is young but a veteran in terms of knowledge, this lad is a super genius, and he is an ultimate solution for every problem of digital marketing, and industrialization.

Aug 22, 2020

NPCI forms new international entity, infuses Rs 50 crore to expand UPI to global markets

Meanwhile, RBI opens up the application window for private companies to set up NPCI-like umbrella entities in India, and NPCI plans to expand its payment and settlement services in international geographies through paper-based and electronic clearing systems.

Aug 19, 2020

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Asia to import record LPG in 2020 as pandemic boosts demand for protective gear, cooking

The region will buy some 67-69.5 million tonnes of the gas from abroad this year, surpassing last year's record, analysts from consultancy firms IHS Markit, FGE and Wood Mackenzie said.

Aug 19, 2020

Fire continues to rage at Baghjan oil well in Assam as capping operation failed

Its been almost three months since the fire broke out in the OIL India's Tinsukia well but still the mainstream media has decided to give it a miss

Aug 19, 2020

Here's how Dream 11 bagged title sponsorship of IPL 2020 after VIVO's exit

Big India companies including behemoths like Tata Sons and starts-ups such as Unacademy and Byju's, the ed-tech platforms had also placed bids for title sponsorship.

Aug 19, 2020

Reliance in talks to buy online furniture retail, milk delivery startups: Report

The oil-to-telecoms conglomerate's talks with Urban Ladder are at an advanced stage, the report said, citing four unnamed sources briefed on the matter.

Aug 17, 2020

Bharat Trend founder Abhishek Shukla telling us how to make money online

Abhishek Shukla also does Social media promotions; promotions through memes, website designing, lead generation, social media accounts handling of his celebrity clients

Aug 16, 2020

Explained: How did RBI arrive at Rs 57,128cr dividend declaration for FY21

Earlier in the day today, RBI approved a dividend of Rs 57,128 cr for FY21 and decided to maintain 5.5 percent as contingency risk reserve or retained earnings. Let's interpret the RBI numbers and calculations here.

Aug 14, 2020

Amazon to launch online pharmacy in India | Details

The service, "Amazon Pharmacy", will offer both over-the-counter and prescription-based drugs, basic health devices and traditional Indian herbal medicines, the company said in a statement, without giving a timeline for the launch.

Aug 14, 2020

Oil PSUs ban foreign vessels and chartering tankers with China connection for oil trade

This move will unlikely impact trade flow between two of Asia's largest economies, as use of Chinese vessels is anyways limited to transport and supply of liquefied petroleum gas.

Aug 13, 2020

#HonoringtheHonest Faceless Scheme for Taxpayers in India

Explained: What is Faceless Assessment Scheme, Exclusions that Modi introduced to reward honest taxpayers

There will be no physical interface between the taxpayers and the IT department. The Faceless appeal service will ensure complete transparency in workings and come into effect from September 25, 2020.

Aug 13, 2020

Sameer Gehlaut quits as Executive Chairman of Indiabulls Housing

Gehlaut has steered the company for over 20 years since its inception in January 2000.

Aug 13, 2020

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Business news

What is unexplained cash credit in your bank account and why you need to pay upto 83% income tax

Finance Ministry lauds GST era: Marked reductions in tax rates; tax payer base doubles to 1.24 crore

OYO's 'Weddingz.in' sees 40% pre-Covid level demand in Unlock 3.0

Digital Entrepreneur Himanshu Patel levelling up the Digital Marketing game

NPCI forms new international entity, infuses Rs 50 crore to expand UPI to global markets

Asia to import record LPG in 2020 as pandemic boosts demand for protective gear, cooking

Fire continues to rage at Baghjan oil well in Assam as capping operation failed

Here's how Dream 11 bagged title sponsorship of IPL 2020 after VIVO's exit

Reliance in talks to buy online furniture retail, milk delivery startups: Report

Bharat Trend founder Abhishek Shukla telling us how to make money online

Explained: How did RBI arrive at Rs 57,128cr dividend declaration for FY21

Amazon to launch online pharmacy in India | Details

Oil PSUs ban foreign vessels and chartering tankers with China connection for oil trade

Explained: What is Faceless Assessment Scheme, Exclusions that Modi introduced to reward honest taxpayers

Sameer Gehlaut quits as Executive Chairman of Indiabulls Housing

Congress gives clean chit to Gehlot; serves show cause notice to his close aides [details]

Deepika Padukone's health: Actress hospitalised after complaints of uneasiness; feeling better now

Sweden's defence major Saab to manufacture Carl-Gustaf M4 in India; what it means for Army [details]