Finance

Account Aggregator to make funding seamless in India

The account aggregator will obtain data from multiple service providers and deliver it via consent-based channels to financial information users.

Jul 29, 2019

Should we worry if WhatsApp shared payments data with Facebook?

Government is trying to ensure that Mark Zuckerberg's social media platform Facebook does not access data from group entity and chat platform WhatsApp that is set to launch a payments service anytime now.

Jul 27, 2019

Quest for more RBI dividends: Has Modi govt shot itself by firing Subhash Chandra Garg?

Garg, who has sought early retirement after the finance ministry snub, was the fiercest advocate for reducing RBI's cash reserves and transferring more cash dividends to the government.

Jul 26, 2019

Tata Nano at manufacturing plant in Gujarat

India's automobile industry to bleed 1 million jobs due to persistent slowdown

The job losses are happening in the major hubs, including Gurgaon-Manesar belt of Haryana, Pune, Jharkhand's Jamshedpur and some parts of Madhya Pradesh's Pithampur.

Jul 25, 2019

Allahabad Bank report on Rs 688 crore fraud triggers fear of more irregularities

Allahabad Bank tells bourses that NCLT proceedings are in progress to recover the dues from a Ludhiana-based textile company; the bank had earlier reported a fraud of over Rs 1,775 crore by Bhushan Steel Ltd.

Jul 18, 2019

Bimal Jalan report: Govt may put more pressure on RBI for cash to meet budget target

Jalan panel's proposal for 'nominal' transfer of RBI funds to the government from the reserves over 3-5 years falls short of expectations.

Jul 18, 2019

Here is why RSS economic wing is opposing PM Modi's plan for foreign currency bonds

RSS economic wing Swadeshi Jagran Manch views Prime Minister Narendra Modi's plan to issue foreign currency bonds as 'anti-patriotic' as it will allow rich foreign nations to control India's policies.

Jul 17, 2019

Infosys tightens the belt to protect margins as staff attrition rate skyrockets

The IT major is taking several measures to contain the fall in margin including withholding salary hikes to senior employees and suspending bonus payments to the staff of vice president level and above.

Jul 16, 2019

Will Anil Ambani's asset sales spree help lift crushing debt burden?

Younger Ambani sibling hopes to raise Rs 21,700 crore to win 'war on debt' after liabilities almost landed him in jail, forcing elder brother Mukesh's intervention

Jul 13, 2019

Nirmala Sitharaman's major challenge ahead: How to widen income tax net?

India is hugely a 'subsidised' nation where agriculturists, forming the biggest chunk at 75 percent of the population, are availing the tax exemption citing the agricultural income.

Jul 10, 2019

Union Budget 2019: Sitharaman increases the financial outlay for defence

Sitharaman's omission of defence allocation in speech surprised many, she being a former defence minister, but the finance minister defended her choice of highlights for the speech at the post-budget press conference

Jul 5, 2019

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

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Finance

Account Aggregator to make funding seamless in India

Should we worry if WhatsApp shared payments data with Facebook?

Quest for more RBI dividends: Has Modi govt shot itself by firing Subhash Chandra Garg?

India's automobile industry to bleed 1 million jobs due to persistent slowdown

Allahabad Bank report on Rs 688 crore fraud triggers fear of more irregularities

Bimal Jalan report: Govt may put more pressure on RBI for cash to meet budget target

Here is why RSS economic wing is opposing PM Modi's plan for foreign currency bonds

Infosys tightens the belt to protect margins as staff attrition rate skyrockets

Will Anil Ambani's asset sales spree help lift crushing debt burden?

Nirmala Sitharaman's major challenge ahead: How to widen income tax net?

Union Budget 2019: Sitharaman increases the financial outlay for defence

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

Market on tenterhooks as Sitharaman begins speech presenting Union Budget 2019

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

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

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]