Finance

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

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

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Finance

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

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

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

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

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

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]