Finance

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

SFIO seeks investigation into RBI officials' alleged role in IL&FS collapse

Financial fraud watchdog asks RBI to investigate why warning bells about imminent IL&FS crash would go up to only a certain level in the hierarchy.

Jun 12, 2019

Does Sitharaman's 'surgical strike' show PM Modi's displeasure over Jaitley's term?

Poll-bound PM Modi's worst headaches were the departments under the finance ministry that churned out contradictory data on the state of the economy exposing the government to relentless opposition fire.

Jun 11, 2019

IMA fraud: How do you find out if an investment plan is really a Ponzi scheme?

Ponzi schemes are characterised by the paying of 'profit' or returns to subscribers from money collected from later subscribers and the business will collapse when the addition of new clients tapers off.

Jun 11, 2019

Risk aversion of mutual funds key reason for NBFC liquidity crunch, defaults

Ballooning IL&FS and DHFL crises drove mutual funds to reduce exposure to NBFCs in a big way since September sapping liquidity from shadow banks.

Jun 10, 2019

Auditor emails reveal Deloitte knew of loan evergreening in ILFS

The investigation team found a document in the email server of IL&FS prepared by the DHS Engagement team identifying the funding of borrowers for paying principal and interest.

Jun 8, 2019

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