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CAIT demanded immediate action against policy defaulter e-commerce companies and impose ban on working of their portal.

E-commerce biggies bet on local language play

E-commerce sites have been targeting the English-speaking population of 130 million.

13 May 2019 4:23 AM IST

Investors who have received bonus shares from hundreds of companies over the past few years have been subject to the higher tax outgo.

Taxation woes on bonus shares continue

The budget had sought to tax only incremental LTCG. However, the manner in which the amendment bought in was complex.

13 May 2019 4:19 AM IST

According to the Cotton Association of India (CAI), total stock held by spinning mills and stockists as on April 30, 2019 is estimated at 87.75 lakh bales of 170 kg each, which is equal to about 93 to 94 lakh running bales.

Cotton output to drop by 5 per cent

Due to small crop size and a very tight cotton balance sheet, closing stock as on September 30, 2019 is estimated at 13...

13 May 2019 4:07 AM IST

Hindujas have seen sharp increases in profitability.

Hinduja brothers top UK rich list, Reuben brothers second

The Hinduja brothers ranked at No. 1 with a fortune of 22 billion pounds.

12 May 2019 4:27 PM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

RBI proposes mobile app to help visually impaired to identify currency...

There are about 80 lakh blind or visually impaired people in the country.

12 May 2019 11:58 AM IST

ITC Non-executive Chairman Y C Deveshwar (Photo: File)

ITC Chairman Y C Deveshwar passes away at 72

Deveshwar was appointed on the board of the company in 1984 and took the charge as its CEO in 1996.

11 May 2019 12:23 PM IST

The share price of SBI slumped 3.79 per cent to close at Rs 304.45 as the quarterly numbers were below what the market participants had anticipated.

SBI cuts loan rates by 5 bps; posts Rs 838 crore income in Q4

Surprissingly, another state-owned lender, Bank of Baroda, announced that it has hiked its MCLR by 0.05 per cent with...

11 May 2019 2:29 AM IST

If the communication is clear from the beginning itself, one can avoid several confusions in the future and the claim settlement will be smooth and quick.

Timely communication necessary for hassle-free claim settlement

Clear and timely communication between the insurer and the insured goes a long way in achieving this.

10 May 2019 4:49 AM IST

For infrastructure sector, 2019 could be a landmark year in terms of investments. In the first four months of 2019 itself, private equity and venture capital investments in infrastructure sector has surpassed the previous annual high of 2007.

PE infra investment seen soaring this year

The IBC and the recent NCLT resolutions have fundamentally altered borrower behavior.

10 May 2019 4:30 AM IST

After the selection of Member (Non-life), the Insurance Regulatory and Development Authority of India (IRDAI) is all set to appoint the Member (Life) soon.

Two in race for key Irdai post

According to a Finance Ministry source, eight candidates appeared for the interview for the post.

10 May 2019 4:21 AM IST

The confluence of stable prices, upcoming wedding season and pent-up demand made this Akshaya Tritiya memorable for the gold and jewellery sector, which saw demand bouncing back after a gap of two years. Jewellers across the country witnessed on an average 15 to 20 per cent growth in sales over last year.

Early gold bond buyers reap handsome returns

The government till now has come out with 27 issues of gold bond and the total quantum of gold bought through these...

10 May 2019 4:17 AM IST

First half of FY20 will see a net addition of 11.5 lakh jobs across sectors. However, H1 will see a slower growth of three per cent as the elections have affected the hiring sentiments.

Around 11.5 lakh jobs to be added in H1 FY20

In H1 last year, Teamlease Services had predicted a 4 per cent rise in net employment outlook, which has now softened to...

9 May 2019 3:15 AM IST