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Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

Bank credit grows at 12.84 per cent, deposits at 7.59 per cent

Loans to industry rose by 1.4 per cent in May 2018, against a contraction of 2.1 per cent in May 2017.

5 July 2018 7:07 PM IST

Mr Gupta said that exports should be out rightly kept out of the purview of GST as paying the tax first and getting refund is cumbersome and is affecting exports.

Government working on strategy to boost exports, says DGFT

He said that all taxes and duties should be refunded to exporters, including those outside the the purview of GST.

5 July 2018 6:53 PM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

CBIC launches GST 'Verify App' to protect consumers from fraud

It is an android app to verify if the person collecting GST from the consumer is eligible to collect it or not.

5 July 2018 6:46 PM IST

Shloka Mehta, the to-be daughter-in-law of richest Indian Mukesh Ambani, on Thursday made a debut at the annual shareholder meeting of Reliance Industries.

Ambani 'bahu' makes debut at RIL annual shareholder meeting

Shloka Mehta last week got engaged to Ambani's elder son Akash at a star-studded party.

5 July 2018 6:21 PM IST

A source said that all airlines were intimated on the development a long time back and no flights will be scheduled during the affected time period. (Photo: ANI)

India records double-digit air passenger growth in May, says IATA

India registered double-digit domestic air passenger growth for the 45th straight month in May.

5 July 2018 6:11 PM IST

Benchmark Sensex surged 577 points to end at 33,597 on Thursday.

Sensex snaps 2-day rising streak, slips 71 points

After opening higher, the 30-share Sensex quickly slipped into the red, largely in line with weak Asian cues.

5 July 2018 4:20 PM IST

Reliance sees the new handset, named JioPhone, allowing it to target Indias entire telecom user base.

Ambani showers 'Monsoon Hungama' to exchange feature phone with...

JioPhone Monsoon Hungama', offering to replace old feature phone with JioPhone for just Rs 501.

5 July 2018 4:11 PM IST

Reliance Jio is telecom arm of energy giant Reliance Industries led by richest Indian Mukesh Ambani. (Photo: AFP)

Reliance Industries becomes India's largest tax payer in private...

RIL's consolidated net profit for the fourth-quarter of fiscal 2017-18 stood at Rs 9,435 crore.

5 July 2018 3:47 PM IST

The government on Friday revoked the notification on the Gems and Jewellery sector which included jewellers under the Prevention of Money Laundering Act. Photo: PTI

Gold firms up for 2nd session on sustained buying

Gold prices on Thursday edged up by Rs 10 to Rs 31,580 per 10 grams at the bullion market.

5 July 2018 3:22 PM IST

This initiative comes as a part of the Railways drive to go green as it also aims at boosting the nations sugarcane industry.. (Photo: PTI | Representational)

Railways to accept digital Aadhaar, driving licence as ID proof

Railways will accept soft copies of Aadhar and driving licence provided they are in your DigiLocker.

5 July 2018 1:37 PM IST

D(S) state chief H D Kumaraswamy will take oath as Karnataka Chief Minister on May 23. (Photo: File/PTI)

Kumaraswamy increases rate of tax on petrol and diesel

Kumaraswamy recalled his assurance to waive all types of crop loans of farmers taken for agricultural activities.

5 July 2018 1:06 PM IST

The privatisation of loss-making Air India has hit a roadblock at the starting line-up itself.

Air India changes Taiwan name to Chinese Taipei on website

Air India does not have flights to Chinese Taipei, it has a code share with Air China.

5 July 2018 12:30 PM IST