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The Income Tax Department has detected undisclosed income of over Rs 10,000 crore in fiscal 2017-18, thus recording a 20 per cent surge over the previous fiscal.

IT Dept detects Rs 10,767 cr undisclosed income during fiscal 2017-18

Official said action is being taken in more than 6000 cases by the assessing officer.

16 Jun 2018 6:32 PM IST

Disinvestment-bound Air India has approached aviation regulator DGCA for renewal of its flying permit, expiring in June.

Cabin crew union oppose Air India's hotel room sharing policy

The airlines have kept gender sensitivity in mind, and female crew members will not have to share rooms with their male...

16 Jun 2018 4:09 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)

National domestic council to promote gems and jewellery sector

The aim of the council is to form an association at the national level.

16 Jun 2018 3:44 PM IST

Customs duty on motorcycles with engine capacity over 800 cc will be raised up to 50 per cent, almonds 20 per cent, walnuts 20 per cent and apples 25 per cent.

India proposes retaliatory tariffs on 30 products from United States

India expects around USD 238.09 million of duty to be collected through the measure imposed on the US.

16 Jun 2018 3:05 PM IST

The income-tax department had booked Mr Bhandari under the new act, called the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. (Photo: PTI)

'Kala dhan' has now become 'jan dhan', claims MoS Finance Shukla

Over 99 per cent of the scrapped notes came back into the system, creating excess liquidity.

16 Jun 2018 2:49 PM IST

President Xi Jinping to cut Chinas auto tariffs.

China slaps additional tariffs on USD 50 bn worth of US goods

The Chinese govt has decided to impose additional duties of 25 per cent on 659 items of US products worth about USD 50...

16 Jun 2018 2:28 PM IST

Reliance Industries or RIL chairman Mukesh Ambani at an AGM in Mumbai. (Photo: PTI)

Reliance investing in India's first carbon fibre unit

Reliance in its latest annual report said it has developed capabilities for 3D printing of wide-range of plastic and...

16 Jun 2018 2:08 PM IST

(Representational image)

5 things to know when you take instant loan

There are several types of loans currently available in market be it home, education, personal, car or others. Loans...

16 Jun 2018 7:59 AM IST

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

Don't use euro for Iranian oil: SBI to oil firms

US President Donald Trump had last month pulled out of a landmark nuclear deal and said sanctions will be re-imposed.

16 Jun 2018 2:17 AM IST

Around 2000 employees will lose jobs as TCS is shutting down its office in Lucknow.

TCS board okays buyback worth Rs 16K-crore

It had announced a similar plan last year when it approved to buy back 5.6 crore shares.

16 Jun 2018 2:05 AM IST

Commerce & industry minister Suresh Prabhu.

India, U.S. to meet on Trade issues Again, says Suresh Prabhu

Suresh Prabhu said he held discussions with US commerce secretary Wilbur Ross and USTR Robert Lighthizer.

16 Jun 2018 1:37 AM IST

Ever since the government came to power in 2014, experts pointed out that the lower crude oil prices over the last few years had helped the government to significantly improve Indias macro economic indicators.

Trade deficit widens to $14.6b

Higher crude oil prices increase deficit, but pickup in exports offsets it.

16 Jun 2018 1:26 AM IST