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Cash recovered by Income Tax department from a bank locker in Pune. (Photo: PTI)

Rs 2,000 crore GST evasion unearthed in 2 months

Only 1 per cent of over 1.11 crore registered businesses pay 80 per cent of the taxes.

27 Jun 2018 4:26 PM IST

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

Sensex tanks 273 points on macro concerns, Nifty ends at 10,671.40

Foreign portfolio investors (FPIs) sold shares worth Rs 538.40 crore.

27 Jun 2018 4:16 PM IST

President Ram Nath Kovind on Thursday said it was regrettable that women have not been given their due in the business arena.

Govt can provide assistance to films on inspiring personalities:...

He cited the example of Tamil Nadu's Arunachalam Muruganantham who made a major contribution in improving menstrual...

27 Jun 2018 4:08 PM IST

Mills are expecting revenue realisation of over Rs 5,000 crore from sale of ethanol to OMCs during the 2017-18 sugar season.

Govt hikes ethanol price by Rs 2.85 per litre for 2018-19

A decision in this regard was taken in a Cabinet meeting headed by Prime Minister Narendra Modi.

27 Jun 2018 3:45 PM IST

Earlier, as part of the know your customer requirement under the Prevention of Money-Laundering Act provisions, jewellers with a turnover of Rs 2 crore per annum were mandated to collect PAN card for any purchase above Rs 50,000. (Representational image)

Gold falls to Rs 31,570 on weak global cues, muted demand

Silver slipped below the Rs 41,000-mark, declined by Rs 120 per kg, due to reduced offtake by industrial units and coin...

27 Jun 2018 2:53 PM IST

India pays its third largest oil supplier in euros using European banking channels and imports.

US says no exemption to India on oil imports from Iran

In January 2012, Iran agreed to accept India's local currency, the rupee, to settle nearly half of its sales to India.

27 Jun 2018 2:39 PM IST

The Reserve Bank of India on Monday fixed the reference rate of the rupee at 64.9287 against the US dollar and 79.6870 for the euro.

Exim Bank extends USD 10 million loan facility to Seychelles

The LOC is the first tranche of the USD 50 million sanctioned by the Exim Bank to the country, a release said.

27 Jun 2018 2:09 PM IST

Deputy chief minister Manish Sisodia addresses a press conference at Delhi secretariat on Tuesday. (Photo: PTI)

Abolish Integrated GST to make tax system effective, says Sisodia

Union Minister Arun Jaitley had said there cannot be a single GST rate in a country like India.

27 Jun 2018 1:50 PM IST

Twenty-one banks, majority owned by New Delhi, account for more than two-thirds of the banking assets in Asias third-biggest economy.

State-run banks hopeful of getting out of RBI's watchlist by 2020

Under the PCA, banks face restrictions on distributing dividends and remitting profits.

27 Jun 2018 1:12 PM IST

The bank has a market capitalisation of nearly Rs 23,000 crore while its real estate assets as well as its investment portfolio are estimated to be worth over Rs 20,000 crore.

LIC may enter banking sector; eyes majority stake in IDBI Bank

The deal is expected to provide business synergies despite the lender's stressed balance sheet.

27 Jun 2018 1:06 PM IST

The three firms of diamantaire Nirav Modi were issued LoUs worth Rs 6,498 crore.

Nirav Modi availed loans from PNB Hong Kong, Dubai branches too:...

The 162-page report alleged that a group of employees at the Brady House branch issued fake letters of undertaking.

27 Jun 2018 12:52 PM IST

Senior government officials have denied using Mahindra and Mahindra Ltd and Tata Motors manufactured electric cars on the basis of poor performance and low mileage, says report.

Citing poor performance and mileage, govt officials refuse to use...

Both models were not capable of providing an average of more than 80-82 km on single charge in cities.

27 Jun 2018 12:33 PM IST