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vijay mallya, sahara force india

More 'kick' brewing: Diageo checks lager picture, withholds $35 mn from Mallya

Diageo says to pursue dues of $135 million and push claim for Mallya's pledged stake in Force India Formula 1 team. Jul 17, 2017
Bitcoin market capitalisation on July 16, 2017

The flip side: Bitcoin, Ether prices wilt, and new questions emerge

Market uncertainty and fundraises by companies using crypto-currency spark selling pressures Jul 16, 2017
Dollars

Held to account: NRIs may be asked to disclose financial details outside India

NRIs will have to share account numbers of overseas bank accounts, bank names and office locations with the tax office, says Economic Times report. Jul 14, 2017
Toonz Retail

No child's play: GST migrations caused systems crashes at retail firms, says toy company

Ahead of GST launch on July 1, many retail firms suffered systems shutdowns while migrating from VAT-oriented taxation formats, hitting their supplies for a week. Jul 14, 2017
Vijat Mallya, India cricket, Champions Trophy, Virat Kohli's charity event

Washing up: Vijay Mallya laundered Rs 1,301.67 crore, says Enforcement Directorate

The agency alleged that the only purpose of 13 shell companies under Mallya's control was to either obtain loans or launder money. Jul 13, 2017
SBI

SBI not rushing towards bankruptcy code due to lack of ecosystem, says chairperson Arundhati Bhattacharya

Last month, the apex bank had identified 12 large accounts with exposure of more than Rs 5,000 crore and more than 60 percent of which is recognised as NPAs. Jul 11, 2017
aadhaar, bank accounts, cash, note bank, atm, pan, indian banks, bank account, account holder

Modi govt saved Rs 50,000 crore by removing corruption, says Ravi Shankar Prasad

1.16 billion people have entered the Aadhaar system so far, village level entrepreneurs will push it further. Jul 11, 2017
RuPay

Rupay transactions worth Rs 5,000 crore carried out in April-June: NCPI

Transactions via UPI crossed 1 crore in volumes during Apr-June, while Bhim and Bhim Aadhaar are also showing positive trends. Jul 10, 2017
Cairn India

Tax dues: Income tax department to attach shares if Cairn doesn't cough up Rs 10,395 crore

In a notice, the Income Tax Department has given the British firm 15 days to repay or face attachment of shares. Jul 9, 2017
SEBI headquarters

Sebi seeks details of IDFC-Shriram Capital mega merger

Market regulator seeks details of trade patterns corresponding to the price movements of the respective company stocks. Jul 7, 2017
7th Pay Commission

7th Pay Commission notified: Maximum HRA hiked from Rs 27,000 to Rs 60,000 for now

HRA shall not be less than Rs 5,400 per month, HRA rate to be raised to Rs 75,000 when DA crosses 50 percent. Jul 7, 2017
Gold

GST might take sheen off gold demand in the short term, says WGC

Raising taxes on gold under GST could hit demand, and small-scale artisans and retailers with varying degrees of tax compliance may struggle to adapt. Jul 6, 2017
SBI

Where banks fear to tread: NPAs on the rise, RBI moves slowly, but surely

Over-leveraged industry stalls on investments and capacity utilisation, as banks go easy on the lending button. Jul 4, 2017
Real estate

Expensive digs: Post GST, luxury will come at a cost

Luxury apartments will be more expensive under the GST regime, but a developer will be eligible to avail of full credits on procurements upto the fresh tax liability. Jul 4, 2017
shaktikanta das demonetisation arun jaitley raids income tax gold real estate arun jaitley modi criticism cash seized wealth undisclosed income bank officials suspended

GST impact: Fears of prices rising are "misplaced", says Shaktikanta Das

Don't pick up 5 items and say prices have gone up, says former economic affairs secretary on GST Jul 2, 2017
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