Finance

Beware of instant loan apps; SBI warns about cybercrimes, extortion [read now]

The country's largest lender, State Bank of India (SBI) has warned customers against instant loan apps and even suggested measures to safeguard against the menace.

Nov 24, 2022

India clocks 129 deals at $2.1 bn in Oct; 77% YoY decline in value [details]

India clocked 129 deals valued at $2.1 billion in the month of October, a 42 per cent fall in volumes and a significant 77 per cent decline in values as compared to October last year.

Nov 22, 2022

Journey To the Top: How Darshil Shah Took Investment Banking by Storm

Becoming a key player on Wall Street is never easy, but growing up in a faraway country and still making it to the top of Wall Street is a gargantuan hurdle. Darshil Shah refused to settle for anything less.

Nov 14, 2022

What is eRs; RBI's digital rupee explained [see how it works]

The Reserve Bank of India (RBI) had, last week, announced that it will commence a pilot project of digital rupee (eRs) for specific use cases in the wholesale segment from November 1.

Nov 6, 2022

Dubai Investment Fund to Allocate $2.1 Billion for Investments in Indian Realty

The Dubai Investment Fund (DIF) notes that the transition from enterprises managed by family members to those managed by professionals has been the most noticeable transformation that has taken place

Nov 3, 2022

Tax, Budget 2017, Union Budget 2017, Income Tax, senior citizens, common man

GST collections touch Rs 1,51,718 cr in Oct; second highest since April [details]

The government collected Rs 1,51,718 crore gross GST revenue in October, which is the second highest collection ever after April this year, official data revealed on Tuesday.

Nov 1, 2022

Reserve Bank of India to launch digital rupee pilot project today

The Reserve Bank of India (RBI) will today launch the nation's first digital rupee pilot project for the wholesale segment.

Nov 1, 2022

British pound. (File: Xinhua/Then Chih Wey/IANS)

British Pound falls sharply after Bank of England gives bond-buying end date

The British pound has fallen sharply against the dollar after Bank of England Governer Andrew Bailey warned that it would not extend its emergency intervention in financial markets beyond this week, after the turmoil sparked by the governments mini-budget.

Oct 12, 2022

After Alibaba fiasco, SoftBank plans to cut 30% of Vision Fund staff: Report

Bloomberg reported that the company has started briefing some employees -- around 150 -- about being laid off. The SoftBank Vision Fund unit had about 500 employees as last reported.

Sep 30, 2022

Oct 1 deadline for compulsory e-invoice generation nearing

Businesses having aggregate annual turnover of Rs 10 crore and more will have to compulsorily generate e-invoices for business-to-business (B2B) transactions from October 1 onwards, according to the Finance Ministry

Sep 27, 2022

Petrol, diesel prices regulated by election dates, not by global rates: Congress

Congress spokesperson Gaurav Vallabh alleged that retail inflation, GDP growth, and a depreciating rupee are some of the examples that paint a concerning picture of how the economy was being managed.

Sep 11, 2022

India's external debt of $620 billion is sustainable, defends Finance Ministry

In a recent report, the Department of Economic Affairs said the country's external debt continues to be sustainable and prudently managed.

Sep 5, 2022

Central Board of Direct Taxes issues refunds of over Rs 1.14 lakh Cr to taxpayers

The Central Board of Direct Taxes (CBDT) said on Saturday that it has issued refunds of over Rs 1.14 lakh crore to more than 1.97 crore taxpayers between April 1 to August 31.

Sep 3, 2022

As fraudsters get smarter, RBI, banks get busy plugging loopholes [see how]

The RBI has also issued Master Directions for classification and reporting of frauds by commercial banks and select financial institutions.

Aug 28, 2022

Finance Minister Nirmala Sitharaman meets US Deputy Treasury Secretary Wally Adeyemo

Finance Minister Nirmala Sitharaman on Friday met visiting US Deputy Secretary of Treasury Wally Adeyemo and discussed India's upcoming G-20 Presidency in 2023 and issues related to the global financial sector.

Aug 27, 2022

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