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The entire racket was being run with an attempt to convert the black money in old notes into white. (Photo: PTI)

Money in Swiss banks: India slips to 74th place, UK remains on top

India was ranked 73rd last year, after jumping 15 places from its 88th position a year ago.

30 Jun 2019 12:48 PM IST

The government has proposed to halve the income tax to 5 per cent for those earning between Rs 2,50,000 and Rs 5,00,000 per annum, in a relief to the middle class.

Budget may hike I-T exemption threshold, levy 40 pc tax on income over...

The pre-Budget survey 2019-20 conducted by KPMG (India) included responses from 226 respondents spanning across...

30 Jun 2019 12:36 PM IST

Reliance Home Finance (RHFL), a subsidiary of Reliance Capital, has entered into exclusive discussions with an overseas institutional investor for a potential equity investment into the company. (Photo: Facebook)

Reliance Home Finance extends maturity of NCDs by four months

Anil Ambani has seen his wealth erode in the past five years due to burgeoning debt at firms in his group.

29 Jun 2019 5:11 PM IST

Ram Vilas Paswan

Centre gives 1-yr deadline to states for rolling out 'one nation, one...

The new mechanism will ensure no poor is deprived of PDS entitlement if that person shifts from one place to another.

29 Jun 2019 4:34 PM IST

Interestingly, JSW Cement is also very close to commissioning its captive power plant at Salboni for uninterrupted power supply at competitive rates. Besides, it has dedicated rakes for ensuring timely & quick delivery of raw materials and a fleet of trucks to facilitate smooth transport of cement to its dealers and sub-dealers.

Lenders approve JSW's Rs 1,550 crore bid for ACCIL

The total admitted debt in the resolution process was around Rs 6,500 crore.

29 Jun 2019 3:11 PM IST

Facebook hopes Libra will not only power transactions but offer people without bank accounts access to financial services for the first time.

Facebook's Libra coin likely to run a regulatory gauntlet

Facebook also formed a Geneva-based association to govern the new coin and hold the reserves, alongside several major...

29 Jun 2019 2:10 PM IST

Bajaj Auto, the second largest motorcycle maker, on Thursday introduced the all new Avenger Street 160 bike with a starting price of Rs 82,253 at Delhi showroom to gain market share in the growing spots bike segment.

BS-VI transition may lead to dumping of old stock: Bajaj Auto

Bajaj Auto Ltd has cautioned that there could be dumping of old BS-IV stock in the domestic market.

29 Jun 2019 1:33 PM IST

The move is expected to prompt banks to lower the deposit rate in line with the small savings rate as offered by the government.

Govt cuts interest rate on small savings schemes by 0.1 per cent

Interest rate for 5-year Senior Citizens Savings Scheme will now fetch a lower rate of interest at 8.6 pc from 8.7 pc.

29 Jun 2019 12:03 PM IST

Rupee on Monday made a strong comeback from its life-time low of 70.15 against the dollar and ended with a stellar 33 paise gain at 69.82 on heavy dollar unwinding and a robust rally in domestic equities. (Representational image)

India's external debt rises 2.63 per cent to USD 543 billion at...

The external debt-to-GDP ratio stood at 19.7 per cent at end-March 2019, lower than 20.1 per cent at end-March 2018.

29 Jun 2019 11:33 AM IST

Domestic investors were reluctant to expand their portfolios ahead of the RBIs monetary policy review, brokers said.

RBI relaxes leverage ratio for banks to boost their lending capacity

In terms of the framework on LR put in place by RBI, banks have been monitored against an indicative LR of 4.5 pc.

29 Jun 2019 11:24 AM IST

Total funds kept by all foreign clients in the Swiss banking system, as per an analysis of the latest figures compiled by the Swiss National Bank as on 2016-end.

India seeks Swiss tax department's assistance in probe against six...

Under Swiss laws, foreign clients of Swiss banks are given an opportunity to appeal against proposed sharing of their...

29 Jun 2019 10:44 AM IST

Startups find that current norms for GST and TDS are blocking significant money.

Startups want taxes streamlined, less GST pain

As the start-up ecosystem matures, it faces several working capital issues which, in turn, hinder its long term growth.

29 Jun 2019 2:09 AM IST