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Any taxpayer who is in receipt of pension from his former employer shall be entitled to claim a deduction of Rs 40,000.

Cabinet approves tax information exchange pact with Brunei

The agreement enables the competent authorities of India and Brunei to provide assistance through exchange of...

16 May 2018 7:27 PM IST

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

Air India to phase out remaining 3 Classic A320s by December

Air India has already removed 11 classic A320 planes out of operations.

16 May 2018 7:15 PM IST

Infosys has said that its Rs 13,000-crore buyback offer will open on November 30 and end on December 14. (Photo: AFP)

Infosys sets up blockchain-based trade network in India with 7 banks

Infosys said the network is designed to digitise trade finance business processes.

16 May 2018 5:48 PM IST

The Cabinet on Wednesday approved the National Policy on Biofuels which allows doping of ethanol produced from damaged foodgrains, rotten potatoes, corn and sugar beet with petrol to cut oil imports by Rs 4,000 crore this year alone.

Cabinet approves National Biofuel Policy

It also allows use of surplus food grains for production of ethanol for blending with petrol.

16 May 2018 5:38 PM IST

State-owned Bharat Sanchar Nigam Ltd (BSNL) has approached the Communications Ministry for recovery of its outstanding dues from the troubled telecom firm Aircel, which recently filed for bankruptcy.

Govt clears raising budget by Rs 11,330 cr for Defence NFS project

It will have forward linkages to other related industries such as telecom equipment manufacturing and other telecom...

16 May 2018 5:20 PM IST

Syndicate Bank has reported a net loss of Rs 263.19 crore for the June quarter of 2017.

Syndicate Bank shares slump over 12 pc on weak Q4 earnings

The bank had posted a net profit of Rs 103.84 crore in the corresponding January-March quarter of 2016-17.

16 May 2018 5:05 PM IST

Chennai-based TVS Motor Co on Wednesday reported 30.63 per cent jump in standalone net profit to Rs 165.61 crore for the March quarter riding on robust sales growth.

TVS Motor Q4 profit up 31 per cent at Rs 166 crore

The company had posted a net profit of Rs 126.77 crore in the year-ago period.

16 May 2018 4:53 PM IST

Bombay Stock Market

Sensex sheds 156 points on political uncertainty

The 50-share NSE Nifty too stayed in the red through the session and finally settled 60.75 points.

16 May 2018 4:15 PM IST

Paytm has revamped its app to make it even more user friendly and intuitive.

Nearly 40 million tickets sold via Paytm in FY 2018

As per the company, more than 85 percent of all travel bookings come from the Paytm app.

16 May 2018 3:17 PM IST

The government on Monday said it will still want to see if IndiGo bids for Air India.

IndiGo to connect Hubli to Goa and Kochi from June

IndiGo said adding it has offered an all-inclusive fare starting from Rs 1,299 for the new flights.

16 May 2018 3:14 PM IST

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

India's economic expansion to boost mining, says Kovind

He also asserted that eventually the local communities must benefit from the discovery, extraction and development of...

16 May 2018 3:10 PM IST

Reliance Industries Limited

Fitch affirms RIL ratings with stable outlook

RIL's GRM (gross refining margin) improved to USD 11.6 a barrel in FY18, from USD 11 a barrel in FY17.

16 May 2018 3:08 PM IST