S V Krishnamachari

Articles by S V Krishnamachari

S V Krishnamachari has about seven years of experience in journalism and has been writing on various topics such as politics, healthcare, business and legal affairs. At IB Times, he tracks stock, currency and bullion markets; covers developments at banks, financial institutions and mutual funds and occasionally writes on the intersection of politics and business.

Follow : @S V Krishnamachari Email : editor@ibtimes.co.in

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You can file income tax returns even without Aadhaar

Section 139AA of the Income Tax Act that makes linking Aadhaar and PAN mandatory from July 1 does not apply to those who do not have the 12-digit biometric.

Jun 28, 2017

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RBI crackdown on loan defaulters triggers mega assets sale by Anil Ambani: Report

Anil Ambani has already decided to dilute stake in Reliance General Insurance and Reliance Nippon Life Asset Management via IPO, apart from selling assets in roads, real estate and under-sea cable, says Bloomberg.

Jun 28, 2017

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Aadhaar-PAN link compulsory for taxpayers from July 1

The Central government issued a notification on Wednesday after the Supreme Court refused to pass interim judgment on whether linking PAN and Aadhaar should be optional.

Jun 28, 2017

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Market outlook: Investors likely to remain cautious ahead of GST; Tejas Networks to list on June 27

Tejas Networks is set to list on June 27; Sensex and Nifty are expected to remain range-bound in the last trading week before GST rollout from July 1.

Jun 24, 2017

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Prostitution racket operating in spa busted in Bengaluru; Nigerians arrested for peddling drugs

Bengaluru police bust prostitution ring operating in Touch Spa; two Nigerians found peddling cocaine arrested, fake Omega, Rolex watches seized.

Jun 24, 2017

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Fortis Healthcare shares crash despite company keeping options open on stake sale

Fortis Healthcare, whose business units comprise hospitals, diagnostics and day-care facilities, saw its share price plunge after Malaysia's IHH reportedly pulled out of talks to acquire a stake.

Jun 24, 2017

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GST: Third round of registration opens on June 25; call centres to go live the same day

The first and second rounds for registration under the GST were during November 2016-April 2017 and early in June; call centres also go live from Sunday.

Jun 24, 2017

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Wipro chairman's PremjiInvest objects to special payment to Snapdeal founders before Flipkart 'merger'

Snapdeal co-founders Kunal Bahl and Rohit Bansal, and investors Kalaari Capital and Nexus Venture Partners will get a total of $90 million prior to "merger" with Flipkart, triggering objections from PremjiInvest.

Jun 23, 2017

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Narendra Modi's GST is a 'wasted opportunity': Economist

In its latest issue, The Economist mocked the Modi government's Goods and Services Tax (GST) reform, referring to its cumbersome compliance norms.

Jun 23, 2017

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Essar Steel, Bhushan Steel and Electrosteel are probably up for grabs; who would steal the steel deal?

Banks are all set to crack down on Essar Steel, Bhushan Steel, and Electrosteel to recover their dues. Will the lenders sell their firms to probable buyers like Tata Steel or JSW Steel?

Jun 23, 2017

Essar Steel, Electrosteels, Bhushan Steel face closure or sale

On Thursday, lenders led by State Bank of India decided to refer Essar Steel, Electrosteels and Bhushan Steel to the National Company Law Tribunal; the three companies together owe about Rs 1 lakh crore to banks.

Jun 23, 2017

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Infosys, HDFC, HDFC Bank, ICICI Bank, TCS, Axis Bank are favourites among foreign investors

While foreign portfolio investors (FPIs) increased their stake in Infosys, HDFC Bank and Axis Bank between 2007 and 2017, they pared their holdings in ICICI Bank.

Jun 22, 2017

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Indians bought gold worth $300 billion in 10 years

Total gold consumption between 2007-08 and 2016-17 at $300 billion was far greater than foreign portfolio investments of $124 billion, says Kotak Equities.

Jun 22, 2017

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India's IT exports to grow at lower clip in FY18, shows Nasscom forecast

Nasscom president R. Chandrasekhar says Indian IT exports will grow by 7-8 percent, while domestic business will expand by 10-11 percent, creating 1.5 lakh new jobs.

Jun 22, 2017

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Sensex, Nifty give up gains, end on a flat note

Select stocks such as GMR Infra, HDFC Bank, Interglobe, SpiceJet hit new highs even as Sensex crossed 31,500.

Jun 22, 2017

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CDSL IPO oversubscribed 169 times, poised for spectacular listing

Central Depository Services (India) Limited, or CSDL, whose IPO closed on Wednesday, was oversubscribed heavily; the shares are likely to list at a premium.

Jun 21, 2017

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Alpha males Modi, Putin, Trump, Erdogan, Xi Jinping dominate our world: Shekhar Gupta

Veteran journalist Shekhar Gupta spoke about governance, global politics, business, GST and elections at the CoreNet Global event in Bengaluru.

Jun 21, 2017

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Air India may be sold to Tata Group, Singapore Airlines: Report

Amid reports of the Modi government keen to privatise national carrier Air India, there is a buzz that it could be bought by Tata Group and Singapore Airlines.

Jun 21, 2017

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Banks, post offices, cooperative bank get one month to deposit demonetised notes

The finance ministry says that post offices, commercial banks and cooperative banks can deposit the old notes with the Reserve Bank of India.

Jun 21, 2017

gst, gst logistics, logistics companies in india

Logistics stocks spurt as GST rollout nears

Snowman Logistics, VRL Logistics, Gati, Allcargo Logistics gained sharply on Tuesday; GST will be rolled out from June 30 midnight-July 1, as confirmed by FM Arun Jaitley.

Jun 20, 2017

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Articles by S V Krishnamachari

You can file income tax returns even without Aadhaar

RBI crackdown on loan defaulters triggers mega assets sale by Anil Ambani: Report

Aadhaar-PAN link compulsory for taxpayers from July 1

Market outlook: Investors likely to remain cautious ahead of GST; Tejas Networks to list on June 27

Prostitution racket operating in spa busted in Bengaluru; Nigerians arrested for peddling drugs

Fortis Healthcare shares crash despite company keeping options open on stake sale

GST: Third round of registration opens on June 25; call centres to go live the same day

Wipro chairman's PremjiInvest objects to special payment to Snapdeal founders before Flipkart 'merger'

Narendra Modi's GST is a 'wasted opportunity': Economist

Essar Steel, Bhushan Steel and Electrosteel are probably up for grabs; who would steal the steel deal?

Essar Steel, Electrosteels, Bhushan Steel face closure or sale

Infosys, HDFC, HDFC Bank, ICICI Bank, TCS, Axis Bank are favourites among foreign investors

Indians bought gold worth $300 billion in 10 years

India's IT exports to grow at lower clip in FY18, shows Nasscom forecast

Sensex, Nifty give up gains, end on a flat note

CDSL IPO oversubscribed 169 times, poised for spectacular listing

Alpha males Modi, Putin, Trump, Erdogan, Xi Jinping dominate our world: Shekhar Gupta

Air India may be sold to Tata Group, Singapore Airlines: Report

Banks, post offices, cooperative bank get one month to deposit demonetised notes

Logistics stocks spurt as GST rollout nears

Ranveer Singh touches Sanjay Leela Bhansali's feet; Sara Ali Khan, Aditi Rao Hydari radiate in ethnic outfits at reception

Omar lambasts "arrogant" Congress after BJP's historic victory; Mehbooba reacts [details]

BJP leads in 53 seats, crosses majority mark in Chhattisgarh

Ranbir Kapoor's fans burst crackers inside theatres during Animal screening; fans say 'low budget Salman Khan' fans'