Finance

SBI reduces penalty for non-maintenance of minimum balance

SBI has lowered the penalty on savings accounts for non-maintenance of minimum balance while exempting the accounts of minors and pensioners. Read to know more.

Sep 26, 2017

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Afraid of the stock market? That could cost you Rs 40 lakh in 15 years

Avoiding investing in stocks out of irrational fears about market volatility will come at a big opportunity cost.

Sep 22, 2017

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SBI launches bond series index at London Stock Exchange

State Bank of India has launched the new index series in partnership with FTSE Russell to enable investors to track Indian bond movement

Sep 22, 2017

Getting fiscal: Govt to push Rs 50,000-crore stimulus package to turbocharge growth

The move could widen the fiscal deficit, but it is a risk the government will take to tackle slowing growth.

Sep 21, 2017

US defence firms want control over tech in Make-in-India plan

The US-India Business Council (USIBC) wrote to India's defence minister last month seeking a guarantee that US firms would retain control over sensitive technology -- even as joint venture junior partners.

Sep 19, 2017

Crypto crash: Bitcoin nosedives 50% in India in just 13 days

Bitcoin and newer rivals like Ethereum and Litecoin have in recent times been fighting a losing battle against regulators.

Sep 15, 2017

Bleak days for black: PAN, company audit reports enter govt's watchlist

Ministry of Corporate Affairs and CBDT to share data for carrying out scrutiny, inspection, investigation and prosecution.

Sep 14, 2017

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Hell goes into 'shell': Over 100,000 directors of bogus firms to be booted out for 5 years

26 CAs associated in sustaining these shell companies have been identified

Sep 12, 2017

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Indian banks need $65 billion capital to meet Basel rules by March 2019

Stressed loans in Indian banks hit a record $150 billion at the end of December, with state-run lenders accounting for the bulk of it.

Sep 12, 2017

Direct tax revenue grows 17.5% to Rs 2.24 lakh cr in Apr-Aug

Collection is 22.9 percent of the total Budget Estimates of direct taxes for 2017-18

Sep 11, 2017

GST peppered with input credit claims for Rs 62,000 crore in July

Govt to investigate unduly large input tax credit claims made before GST was introduced on July 1.

Sep 11, 2017

I-T department to bash the #, examine social media profiles of taxpayers

I-T department will launch 'Project Insight' to use Big Data analytics to match information from social media sites for mismatches between spending patterns and income declarations.

Sep 10, 2017

Taxed, and really taxed: GST Council swamped with complaints by traders

Issues faced by companies include slow response of the GSTN portal, intermittent accessibility of the portal and errors popping up.

Sep 9, 2017

NPS or PPF, which would work best for you?

PPF provides guarantee of returns and are low risk, with low interest rates; NPS is more rewarding, but needs investors who are in for the long haul.