Finance

Essar Steel gets Rs 800 crore interim financing from Edelweiss Group

The interim financing will keep Essar Steel as a going concern till lenders and the IRP finalise a restructuring plan within 270 days.

Sep 7, 2017

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Conditions apply! Bank bosses tells government on PSBs mergers

Union Finance Minister Arun Jaitley said an alternative mechanism will be in place which is going to facilitate fast-track approvals of consolidations.

Sep 5, 2017

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Government waives penalty on late GST returns for July

For July, GSTR-1 needs to be filed between September 1 and 5 and GSTR-2 between September 6 and 10.

Sep 2, 2017

Pay up or begone, Supreme Court tells managements of defaulting firms

SC ruled in favour of ICICI Bank in the case of Innoventive Industries which owes banks over Rs 950 crore.

Sep 2, 2017

Gross pain: Hard trudge for GDP, growth touches 3-year low of 5.7% in Apr-June

GVA (Gross Value Added) stagnates at 5.6% in Q1; note ban, GST rollout caused bigger disruption than expected

Aug 31, 2017

Government defers BSNL stake decision as Jio rocks sector

The entry of Jio, backed by billionaire Mukesh Ambani's Reliance Industries, has shaken the entire sector, not just BSNL, says a Reuters report.

Aug 31, 2017

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Down and out: Videocon, JP Associates, IVRCL may be dragged to NCLT's doors

Most are from the power and infrastructure sectors and are on RBI's second list of loan defaulters.

Aug 29, 2017

Good gold days: Tirupati Balaji temple deposits 2,780 kg of gold with SBI

Tirumala Tirupati Devasthanams (TTD) which manages the temple took a decision to deposit the gold under a long-term deposit scheme.

Aug 29, 2017

Income Tax Department is facing major manpower crunch

Income Tax Department faces major shortage of manpower: Reports [VIDEO]

About 3,000 posts of Income Tax Inspector are vacant and Assessment Officers are said to be overburdened with work.

Aug 29, 2017

e-incentive: Govt thinks over 2 per cent GST relief on digital payments

The IT ministry is leading the government's digital thrust by taking stock of initiatives to further popularise electronic payments.

Aug 28, 2017

Glittering futures: World's first diamond trading exchange starts in India

It is expected to start trading in 1 carat/100 cent contracts and will eventually add 50 cent and 30 cent contracts

Aug 28, 2017

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5,954 wilful defaulters face recovery action from PSU banks

Total outstanding loans due to public sector banks by wilful defaulters amounted to Rs 92,376 crore, according to the finance ministry data.

Aug 27, 2017

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Rate scare for savers: Not just FDs, an array of small savings become unattractive

A 25 bps RBI rate cut on December 6, the date of the next monetary policy review, appears a definite possibility.

Aug 21, 2017

Talks fail, banks going ahead with August 22 strike

Not happy with government's response to protests against bank consolidation and corporate NPAs.

Aug 20, 2017

Crash course: GST website back on line after buckling under filing stampede

The last date for businesses to file the GSTR-3B form for July is 20 August.

Aug 19, 2017

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Finance

Essar Steel gets Rs 800 crore interim financing from Edelweiss Group

Conditions apply! Bank bosses tells government on PSBs mergers

Government waives penalty on late GST returns for July

Pay up or begone, Supreme Court tells managements of defaulting firms

Gross pain: Hard trudge for GDP, growth touches 3-year low of 5.7% in Apr-June

Government defers BSNL stake decision as Jio rocks sector

Down and out: Videocon, JP Associates, IVRCL may be dragged to NCLT's doors

Good gold days: Tirupati Balaji temple deposits 2,780 kg of gold with SBI

Income Tax Department faces major shortage of manpower: Reports [VIDEO]

e-incentive: Govt thinks over 2 per cent GST relief on digital payments

Glittering futures: World's first diamond trading exchange starts in India

5,954 wilful defaulters face recovery action from PSU banks

Rate scare for savers: Not just FDs, an array of small savings become unattractive

Talks fail, banks going ahead with August 22 strike

Crash course: GST website back on line after buckling under filing stampede

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]