National & International Financial news and Updates

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PSBs haven't met the goals of bank nationalisation, so privatise them

Bank nationalisation had its economic goals -- to stem the rising tide of bank failures, refocus bank lending on agriculture and offer credit support to a whole lot of priority sectors.

Feb 19, 2018

These 5 companies have doubled their profits in just three years

Stocks like Welspun India, Eicher Motors and Ajanta Pharma have doubled their profits every three years in the last ten years.

Feb 17, 2018

Punjab National Bank reveals transactions fraud of Rs 11,300 crore in Mumbai branch

Shares slumped as much as 6 percent in early trade in PNB even as the benchmark index made gains.

Feb 14, 2018

Cryptocurrency transaction gets tougher in India: This bank bans use of its cards to buy bitcoins

Banks including SBI, ICICI Bank, HDFC Bank, Axis Bank and Yes Bank have already suspended accounts of major bitcoin exchanges in India.

Feb 13, 2018

Why women are better investors than men

According to a study by Fidelity Investments held last year, women save 0.4 percent more than men.

Feb 10, 2018

I-T dept gets 15-25 lakh PAN applications a week

The Income Tax Department (ITD) receives 15-25 lakh permanent account number (PAN) applications per week.

Feb 7, 2018

Experts decode Union Budget 2018 on IBT talk show

Watch the Deloitte India partners Kalpesh Maroo (direct tax) and Saraswathi Kasturirangan (personal tax) decode the Union Budget 2018 and talk about its implications for the Indian economy.

Feb 3, 2018

Experts talk about their pre-budget expectations on IBT talk show

Watch the Deloitte India partners Kalpesh Maroo - Direct Tax, Saraswathi Kasturirangan - Personal Tax and Vishweshwar Mudigonda - Direct tax-Transfer Pricing talk about their budget expectations.

Jan 30, 2018

GST Council likely to slash rates for 70 items before Budget 2018

The official said that the council is likely to prune rate for agriculture implements, a move to boost agricultural sector, which is reeling under pressure.

Jan 17, 2018

Budget 2018: Govt's 'plan' to extend short-term capital gains tax to 3 years may affect your investment goals

The move is aimed at bringing the tax of equities on par with some other asset classes.

Jan 9, 2018

Will Modi govt bring back LTCG tax on equity returns in Budget 2018?

Market participants believe that if the government bring in long-term capital gains tax on equity investments, it would negatively impact the investors.

Jan 8, 2018

Why airfares won't go down, Civil Aviation Ministry explains

A report was tabled in Lok Sabha which suggests an upper limit for airfares and recommends not to levy more than 50 percent of the base fare for ticket cancellation.

Jan 7, 2018