Finance

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

Cracking 'shells': Can Sebi bring Launderers Anonymous to book with sheer zeal?

SEBI and investors face uncertain tides as the market regulator weeds out shell firms in the corporate ocean.

Aug 14, 2017

Auditing the auditors: RBI raises questions about differences in loan write-downs

In some cases, the apex bank also doubted the provisioning methodology and non-performing asset (NPA) figures arrived at by the auditors at a few public sector banks.

Aug 14, 2017

Security alarm: What made Indian Inc shell out on cyber insurance?

Earlier, the trend was different with only IT and banking companies would purchase cyber insurance, as their business in developed countries required them to comply with data protection regulations.

Aug 13, 2017