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There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

Ensure safety of bank customers' lockers: RBI tells banks

CCI, in May, received a complaint alleging cartelisation among banks in respect of providing locker services to...

8 Aug 2017 5:22 PM IST

Government bears about Rs 70,000 crore annually as fertiliser subsidy to provide cheaper nutrients to farmers.

Agriculture sector gets Rs 354.77 crore FDI in Apr-May: Govt

Country had received total 515.49 crore FDI in the agriculture sector during the 2016-17

8 Aug 2017 5:10 PM IST

Fastest 4G: Court rejects Reliance Jio plea against Bharti Airtel

Jio had alleged in its petition that Airtel's fastest network TV ad has caused it monetary losses.

8 Aug 2017 5:04 PM IST

The case was first detected by the Delhi police after it intercepted three persons with about Rs 3.7 crore cash in old notes in front of the Axis Bank branch in November last year.

Axis Bank cuts interest rate on savings bank account

SBI had also slashed interest rate on savings account deposits by 50 basis points to 3.5 per cent on balance of Rs 1...

8 Aug 2017 5:02 PM IST

Healthcare services such as dialysis, pacemaker implantation, support devices in orthopaedics and cancer treatment could be costlier under GST.

GST, CSR to feature in revised syllabus for CA students

Also, chapters have been introduced on islamic finance, start-up finance, small and medium enterprise (SME).

8 Aug 2017 4:43 PM IST

Idea and Vodafone

Idea Cellular seeks NCLT nod for merger with Vodafone India

Deal gives Vodafone India an implied enterprise value of Rs 82,800 crore and Idea Rs 72,200 crore.

8 Aug 2017 4:26 PM IST

The Sensex opened higher before trading at 26,646.65 at 1100 hours, a loss of 51.17, or 0.19 per cent.

Sensex sinks 260 points, Nifty ends below 10,000

NSE Nifty dipped below the key 10,000-mark to close 78.55 points, or 0.78 per cent down at 9,978.55.

8 Aug 2017 4:13 PM IST

The GST Council cleared nil rate on live asses, mules and hinnies while placing live horses under the 12 per cent bracket.

Online travel agents can deduct TCS under GST, says CBEC

Online travel agents providing services through digital or electronic platform will fall under category of e-commerce...

8 Aug 2017 4:12 PM IST

The Union finance ministry said that there were some complaints that the taxpayers are not being able to log on to the e-filing website of I-T department or not being able to link Aadhaar with PAN.

Tax relief to luxury cars of social institutes serves no purpose

Govt has not issued any notification listing eligible institutions for allowing such exemption under the Rules.

8 Aug 2017 4:04 PM IST

Govt has made it mandatory to install GPS in all mobile phones, including feature phones.

Indian handset market surges, records 350 million sales in 2017

Robust growths of the handset market has been pivotal in growth of various industries such as retail, manufacturing, IT,...

8 Aug 2017 3:57 PM IST

Civil Aviation Minister Ashok Gajapathi Raju (Photo: PTI)

'No doc with ICAO to show VT on planes is Victoria Territory'

Raju's reply came to a question on whether VT painted on tails of planes stands for Victoria Territory.

8 Aug 2017 3:29 PM IST

Sebi is market regulator.

SEBI imposes trading curbs on suspected shell cos

However, Sebi did not reveal what illegal activities companies may have been engaged in.

8 Aug 2017 3:19 PM IST