State-owned Punjab National Bank (PNB), in a regulatory filing to the Bombay Stock Exchange (BSE) Wednesday, said it had detected fraudulent transactions worth $1,771.7 million (over Rs 11,000 crore) in its mid-corporate branch in south Mumbai.
India means business, Prime Minister Narendra Modi conveyed to top CEOs from across the world, as he hosted a round-table meeting in Davos.
Union Minister Jayant Sinha, in a series of tweets this morning, responded to his name being listed in the Paradise Papers - an expose based on the leak of financial data from legal firm Appleby on companies and individuals who parked their untaxed wealth in offshore accounts.
Petrol and diesel prices fell sharply today following a cut in excise duty, bringing relief to consumers. Currently, petrol and diesel prices are revised on a daily basis.
A day after former Finance Minister and senior BJP leader Yashwant Sinha, in an opinion piece in The Indian Express, critiqued the growth slowdown and the government's handling of economic issues, Finance Minister...
The Reserve Bank of India (RBI) has stopped printing the Rs 2,000 currency notes and will not be bringing new notes of that denomination in the current financial year, according to a Livemint report on Tuesday.
Google has made its first acquisition in India by taking over Halli Labs, a four-month-old artificial intelligence (AI) and machine learning (ML) start-up.
The Department of Industrial Policy and Promotion (DIPP) has approved Amazon's food retail business here, since the Foreign Investment Promotion Board (FIPB) has been abolished. DIPP has also approved similar proposals by online grocers BigBasket and Grofers.
The Reserve Bank of India (RBI) has announced new rules to make electronic banking transactions safer. Customers will not suffer any loss if unauthorised electronic banking transactions are reported within...
The Supreme Court on Tuesday asked the Centre to give citizens with "genuine reasons" another chance to deposit the demonetised Rs 500 and Rs 1,000 notes. The division bench directed the government to file an affidavit in the case within two weeks, scheduling the next hearing for July 18.
India launched Goods and Services Tax, the biggest tax reform since its Independence, at the stroke of midnight June 30. Here's a detailed list of goods and services which have become cheaper and costlier starting today, as shared by the Times of India.
The government has made it mandatory for taxpayers to link existing Aadhaar numbers with PAN cards with effect from July 1. Amending income tax rules and notifying the same, the government has made quoting of the 12-digit biometric Aadhaar or the enrolment ID a must at the time of application of permanent account number (PAN).
Another ransomware has hit computer servers all across Europe and this time its Petya ransomware cyberattack, locking up computer data and crippling enterprise services in the corporate sector.
Reserve Bank governor Urjit Patel on Thursday said the soon-to-be implemented goods and services tax (GST) will not only create a national market but will also broaden the tax base which in turn will lower the overall taxes in the long-term.
Travis Kalanick, the founder of Uber has reportedly resigned as the CEO of the ride-hailing service. Kalanik had founded the company in 2009.
The government, through a notification amending a prevention of money laundering law, has made it mandatory to provide Aadhaar to open a bank account and to conduct a transaction of Rs. 50,000 or more.
The Centre has stood firm before the Supreme Court on mandatory Aadhaar enrolment by June 30 and said those without the UID number after the deadline would not be entitled to the benefits under social welfare schemes.
The Income Tax department is conducting raids at 22 locations in Delhi and Gurgaon in connection with benami land deals linked to Rashtriya Janata Dal chief Lalu Prasad Yadav.
The Supreme Court today held businessman Vijay Mallya guilty of contempt of court for transferring $40 million to his children in violation of the court's order. The apex court directed Mallya, who is presently...
The central government on Tuesday asserted in the Supreme Court that Aadhaar was made mandatory for PAN card to weed out fake PAN cards which were used for terror financing and circulation of blackmoney, while terming the concerns over privacy as "bogus".
From today, the much-awaited Real Estate Regulation Act (Rera) comes into force and now home buyer will be the king no longer at the mercy of realtors.
The first flight under the government’s UDAN scheme from Shimla to Delhi was flagged off by Prime Minister Narendra Modi this morning. With this, the NDA government took its first step towards achieving its aim of enabling anyone wearing a hawai chappal to be able to board a hawai jahaj as fares are capped at Rs 2,500 per hour of flying on these select routes.
Vijay Mallya, the Kingfisher Airlines Ltd executive arrested in London on Tuesday, will return to UK court next month as authorities attempt to extradite him to face fraud accusations in India.
The Supreme Court on Tuesday said that any extension of time for depositing demonetised currency notes of Rs 500 and Rs 1,000 would be available to all and not be individual-centric.
Petrol pump owners across the country have threatened to go on a strike for a day on May 10. The ‘No Purchase Day’ will be observed to pressurise the government for a higher commission.
Reliance Jio, on April 1 extended its deadline to sign up for Prime membership by 15 days and now the date is April 15. Jio claimed that 72 million out of its more than 100 million subscribers have opted for Prime membership in the past month.
Those of you who have been planning to buy a two-wheeler, today is the day. Two-wheeler majors Hero MotoCorp, HMSI, Bajaj Auto and Suzuki Motorcycle are offering great discounts to bring in buyers for their BS-III models after the Supreme Court banned sale and registration of such vehicles from 1 April.
The government on Tuesday proposed to make Aadhar card mandatory for filing income tax return and applying for permanent account number (PAN), which will come into effect from July 1.
The Supreme Court has sought the Centre and the RBI's response on why they did not give a window to citizens to deposit demonetised currency after December 31.
Bengaluru: Cognizant is likely to cut at least 6,000 jobs, which represents 2.3% of its total workforce, while it struggles with growth in an IT environment that is fast shifting towards new digital services.