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I-T had also conducted survey on Chandni Chowk branch of Axis bank last week and had found several fake accounts. (Photo: Facebook)

I-T raids discover Rs 60 crore

Some reports suggested that the bank accounts were opened in the names of labourers.

16 Dec 2016 4:35 AM IST

Nusli Wadia files Rs 3,000 crore defamation suit against Tata

Tata Sons have called Extraordinary General Meetings to remove ousted chairman Cyrus Mistry and Wadia.

16 Dec 2016 4:26 AM IST

25 basis points were raised by the US Federal Reserve.

Sensex slumps on US Federal rate bump

Emerging markets try to figure out the possible impact.

16 Dec 2016 4:19 AM IST

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.

RBI restricts withdrawal from certain bank accounts, monthly limit...

The monthly limit for withdrawal and transfer from a small account is Rs 10,000.

15 Dec 2016 9:06 PM IST

BMW eyes 100,000 electric car sales in 2017: Sueddeutsche

BMW to have petrol options for all cars

BMW offer petrol models in the 3 & 5 Series and also in the X3 & X5 Series

15 Dec 2016 7:01 PM IST

The countrys merchandise exports during April-November period of the current fiscal too recorded a growth of 0.10 per cent to USD 174.92 billion.

Exports up 2.29 pc to USD 20 bn in November

Imports too increased by 10.44 per cent to USD 33 billion, leaving a trade deficit of USD 13 billion in November.

15 Dec 2016 6:37 PM IST

Union Finance Minister Arun Jaitley. (Photo: PTI)

RBI taking steps to lower digital transaction cost

Government and RBI are fully aware of cyber security challenges and ensuring strong firewalls around the systems.

15 Dec 2016 5:49 PM IST

Global markets also ruled mixed after the US Fed, as expected, hiked rates by 0.25 per cent.

Sensex feels Fed rate hike ripple, slumps 84 pts

The NSE Nifty fell 28.85 points, or 0.35 per cent, at 8,153.60. Intra-day, it hovered between 8,121.95 and 8,225.90.

15 Dec 2016 5:04 PM IST

Labour Minister Bandaru Dattatreya

Govt wants to retain 8.8% interest on EPF

The CBT is scheduled to meet on Monday where the issue of interest rate is listed on the agenda.

15 Dec 2016 4:22 PM IST

Chief Economic Advisor Arvind Subramanian

Bring land, realty, power under GST fold: Subramanian

The GST Council, however, has finalized a four-tier tax structure -- 5, 12, 18 and 28 per cent.

15 Dec 2016 3:20 PM IST

The newly-issued Rs 2000 notes. (Photo: PTI)

Govt to raise withdrawal limit after banks get 80% new notes

As of now banks in country have been stashed with 50 per cent of new currency notes as a replacement of demonetised...

15 Dec 2016 2:53 PM IST

Power and Coal Minister Piyush Goyal

Centre sanctions Rs 30 cr for solar cities programme

Financial support up to Rs 9.50 crore is available to eight model solar cities and up to Rs 2.50 crore to 15 pilot solar...

15 Dec 2016 1:24 PM IST