Finance

Budget 2019: 2% TDS on cash withdrawal exceeding Rs 1 crore yearly

The Finance Minister proposed that tax deduction at source (TDS) of two per cent on cash withdrawals exceeding Rs 1 crore in a year.

Jul 5, 2019

Market on tenterhooks as Sitharaman begins speech presenting Union Budget 2019

Sectoral indices of banks, auto, FMCG, and realty advance while metals worst hit in a market that is vertically split.

Jul 5, 2019

Will former defence minister's first budget set right defence outlay anomaly?

As a former defence minister, Finance Minister Nirmala Sitharaman is expected to realise how Rs 3.05-lakh crore allocation in interim budget in actual terms meant a reduction in the outlay amid worsening geopolitical tensions

Jul 4, 2019

Union Budget 2019: What to expect from new finance minister Nirmala Sitharaman

Finance Minister Sitharaman is likely to retain allocations in the interim budget to ministries and departments in her maiden full budget.

Jul 4, 2019

27% spurt in unclaimed money in banks points to low depositor awareness

Unclaimed funds in bank accounts rose to Rs 14,578 crore in 2018 and the life insurance sector is left with Rs 16,887 crore in unclaimed payments.

Jul 2, 2019

Will Reliance Group's Mumbai HQ sale ease Anil Ambani's Rs 18,000 crore debt problem?

The 7 lakh square feet Reliance Center in Santa Cruz to which Anil Ambani group of companies moved a few years back is expected to fetch Rs 2,000 crore.

Jul 1, 2019

Bitcoin is more likely to drop to $100 than to hit $100,000 over the next 10 years

Bitcoin moving 'deep into bull market'; analysts say crypto could hit $50K

Surprising analysts and traders, the value of Bitcoins has soared in the past eight trading sessions in a row, logging a growth of more than 250%.

Jun 27, 2019

Is BSNL divestment near as PM Modi denies aid for paying salary to 1.76 lakh staff?

State-owned telecom player BSNL's request for operational funds including Rs 850-crore for salary payments has been met with silence from the government while the public-sector company grapples with Rs 13,000-crore liabilities

Jun 25, 2019

Modi 2.0 targets higher GST collection by simplifying taxpayer registration

First GST Council meeting of the second Modi government fast-tracks registration with Aadhar; postpones annual returns due date for FY18 until August 31; extends National Anti-profiteering Authority's tenure for two more years.

Jun 22, 2019

Bankruptcy-bound Jet staff stare at mid-career domain switch fearing jobless tag

Many of the defunct airline's staff are under pressure to switch domains though some have managed to hop on to other airlines.

Jun 19, 2019

Reliance Jio targets broadband, e-commerce push with Rs 20,000-crore war chest

Mukesh Ambani-led Reliance Industries plans to recapitalise telecom subsidiary Jio that is locked in a pitched battle with Vodafone Idea for market share

Jun 19, 2019

How trade wars are changing the shape of globalisation

The on-going trade-tussle between the US and China has much deeper implications not only for the global trade environment but also for the flow of capital.

Jun 18, 2019

Will Etihad buy Jet cheap under insolvency process leaving lenders high and dry?

Now that SBI-led lenders' consortium has decided to start bankruptcy proceedings against Jet Airways, UAE national carrier Etihad with 12% stake has a chance to drive a hard bargain.

Jun 18, 2019

Tax evaders jittery as net tightens; threat of jail for black money gets real

New guidelines limit the scope of compounding that lets offenders off the hook with a fine; stiffer procedures including touch prosecution norms recommended

Jun 17, 2019

India may be one of the top 20 FDI sources in 2021, a UN report says.

World-beating India Inc may be a top-20 global FDI source by 2021: UN panel

Indian companies invested $11 billion overseas in 2018 and the figure is likely to go up this year putting India among the top-most FDI sources for the global economy, according to a UNCTAD report

Jun 14, 2019

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