Business (India)

Task force set up to review decades old Income Tax Act as govt looks for reforms in direct tax structure

<b>New Delhi:</b> The government on Wednesday constituted a task force for redrafting the 50-year old income tax law in sync with the economic needs of the …

India

Rupee slips from 2 week high as crude spurts

<b>Mumbai:</b> The rupee surrendered its early strong gains and ended marginally lower by 3 paise at 64.92 against the US currency due to fresh bouts of …

Economy

India’s annual diesel consumption could rise to 50 billion litres by 2030

India’s annual diesel consumption could rise to 150 billion litres by 2030 from 90 billion litres now, Oil Minister Dharmendra Pradhan said on …

India

Railways to go electric in five years, save about Rs 11,500 crore annually: Piyush Goyal

The diesel locomotives will be used only for back-up purposes in the yards, he said.<p>Union minister Piyush Goyal on Tuesday said that the Indian …

India

Standard Chartered close to selling real estate principal finance unit to Actis: report

Standard Chartered’s private equity unit has investments worth about $3.5 billion, of which $1.2 billion is from the bank’s own book. Photo:</b> …

Real Estate

Supreme Court restrains directors of JAL from alienating properties

The Supreme Court on Wednesday directed 13 directors, including five promoters of realty firm Jaiprakash Associate Limited (JAL), not to alienate …

India

Cabinet gives nod to wage policy framework for CPSE workers

The Cabinet approved a policy framework for central public sector enterprises (CPSEs) on Wednesday to negotiate the next round of wage revision with …

Economy

Hike, Airtel Payments Bank tie-up for mobile wallet

<b>New Delhi:</b> Messaging app Hike on Wednesday said it has tied up with Airtel Payments Bank to power its mobile wallet product. Hike users will have …

Banking

Swiggy drives into Ahmedabad, ties up with 300 restaurants

By: PTI | New Delhi |<p>Online food ordering and delivery platform Swiggy has joined hands with over 300 restaurants in Ahmedabad as it launched its …

India

Adani reportedly near deal with China to fund Carmichael rail line

Coal industry insiders reportedly told by Adani director that company had secured Chinese financing for the project<p>Adani is reportedly close to securing the loans it requires to build fits railway from Abbot Point to the Galilee basin, allowing coal from the proposed Carmichael coalmine to be …

Business

GST: 43.67 lakh businesses file initial returns for October, highest monthly number within due date, claims GSTN

<b>New Delhi</b>: As many as 43.67 lakh businesses have filed the initial GSTR-3B returns for the month of October -- the highest monthly return filing …

India

Rupee spurts 14 paise Vs dollar, takes comfort from stocks

By: PTI | Mumbai |<p>Stock markets continued to show strength that bolstered rupee sentiment, currency traders said. (Representational Image)<p>The rupee …

Economy

Market Live: Sensex rises over 100 points, Nifty above 10,350, Future Group stocks gain

BSE Sensex rises over 100 points to trade above 33,600, while the Nifty 50 rises 0.40% to 10,368. Here are the latest updates from the markets

Markets

Venture capital firms struggle to justify large funds as deals dry up

India’s top eight venture capital firms—Sequoia Capital, Accel Partners, SAIF Partners, Nexus Venture Partners, Kalaari Capital, IDG Ventures, …

Venture Capital

Numbers of individuals with new worth over $1,000,000 to double in India by 2022: Report

Even though personal wealth has been increasing in the country, there's a considerable wealth poverty with as many as 92 per cent of the adult …

Wealth

Future Group eyes $1-trn revenue by 2047; gets Facebook, Google on board

This plan includes opening 10,000 member-only Easyday stores to make it a Rs 1.5 lakh cr business opportunity

India

Govt may seek cabinet nod to amend insolvency and bankruptcy code

The amendment, which could be come up before the cabinet today, should not be seen as a blanket ban on promoters of companies who have been on banks’ …

Reserve Bank of India

WhatsApp leak: Sebi to examine trade details of stocks

Sebi and exchanges have started examining trade details of over two dozen stocks as part of a probe into alleged leak of key financial details of …

WhatsApp

Ireland promises progress in Apple tax recovery in coming weeks

DUBLIN (Reuters) - Ireland expects to make progress in recovering up to 13 billion euros (£11.5 billion) in disputed taxes from Apple Inc (AAPL.O) in the coming weeks, its prime minister said on Tuesday, following EU criticism that Dublin was moving too slowly.<p>A 3D printed Apple logo is seen in …

Brexit

Over 43 Lakh Businesses File Initial GST Returns For October

Around 56% of the registered taxpayers filed their GSTR-3B returns for October within due date.<p><b>New Delhi:</b> As many as 43.67 lakh businesses have filed …

RCap raises Rs 2,500 cr from banks, financial institutions

Reliance Capital, part of Anil- Ambani led Reliance Group, has raised Rs 2,500 crore from banks and financial institutions for refinancing its debt, …

India

China’s Tencent becomes more valuable company than Facebook

China’s social media and video game giant Tencent became more valuable company than Facebook on Tuesday. Tencent’s Hong Kong-listed shares have …

China

Sensex stays strong for fourth day, pharma in pink of health

By: PTI | Mumbai |<p>Pharma stocks stood out following a string of USFDA clearances.<p>VIDEO: Delhi security guard foils robbery attempt at SBI ATM even …

Stock Markets (India)

Why world millionaires, including Djokovic, are heading to Monaco?

The European country Monaco which has already made headlines earlier for a five-floor penthouse called La Tour Odeon worth of $335m has a new …

Celebrity News (India)

RIL raises USD 800 million via 10-year bonds at lowest rate

By: PTI | New Delhi |<p>FILE PHOTO: Labourers work behind an advertisement of Reliance Industries Limited at a construction site in Mumbai (Source: …

Mahindra set to rule American e-vehicle market, sets up $230 million plant in Detroit

Mahindra & Mahindra Ltd, has been planning to rule US electronic vehicle market as India’s one of the oldest vehicle manufacturers had set up a $230 …

India

Sensex surges 154 points to 33,513.91, Nifty hits 10,337.75

<b>Mumbai:</b> The Sensex struck a positive note on Tuesday by jumping 154 points, in keeping with firm Asian shares.<p>Fresh capital kept the flow on in the …

Markets

Meg Whitman to step down as CEO of Hewlett Packard Enterprise

Meg Whitman said in July she had no plans to stop being CEO of Hewlett Packard Enterprise (HPE, Tech30).<p>Four months later, things have apparently changed.<p>HPE said Tuesday that Whitman will step down from the CEO role on February 1, more than six years after she joined what was then called Hewlett …

News

Chinese social media giant is worth more than Facebook

It's official: China's biggest tech company is now worth more than Facebook.<p>Tencent (TCEHY) shares closed more than 2% higher in Hong Kong on Tuesday, valuing the social media and gaming giant at around $522 billion, according to FactSet. Facebook (FB, Tech30) is currently worth a little over $519 …

Social Media

M&M opens manufacturing facility in Detroit

Will manufacture and launch off-highway vehicle Roxor