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Aadhaar-PAN linking mandatory from July 1, what you need to know

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).


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Petya ransomware cyberattack: What it is, how to protect yourself and more

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.


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GST will lower overall tax burden in long-term: RBI governor Urjit Patel

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.


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Uber CEO Travis Kalanick resigns: report

Travis Kalanick, the founder of Uber has reportedly resigned as the CEO of the ride-hailing service. Kalanik had founded the company in 2009.


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Government makes Aadhaar mandatory for bank accounts

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.


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No sops without Aadhaar post June 30: Centre

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.


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Benami land deals: Income Tax raids at Lalu Prasad Yadav's 22 locations in

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.


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Supreme Court holds Vijay Mallya guilty of contempt, orders to appear on July 10

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...


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Aadhaar for PAN must to check terror finance, black money: Govt to SC

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".


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Power to home buyers: RERA, new realty act, comes into effect from today

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.


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PM Modi flags off Delhi-Shimla UDAN flight, ticket priced at Rs 2,036!

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.


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Vijay Mallya extradition hearing in UK court on 17 May

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.


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SC says relaxation of demonetised notes exchange will be open to all

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.


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Petrol pumps in South India and Maharashtra to remain closed on Sundays from

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.


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Reliance Jio 'Summer Surprise' offer: Here's everything to know about the free

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.


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BS-III vehicle ban: Hero, Honda, Bajaj Auto, Suzuki 2-wheelers get discounts up

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.


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Aadhaar to become mandatory for filing I-T return, applying for PAN card

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.


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Demonetisation: Why no window to deposit banned notes after December 31, SC

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.


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Cognizant may lay off 6,000 employees

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.


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Idea approves Vodafone India merger, to create India's largest telco

Kumar Mangalam Birla owned Idea Cellular said its Board has approved of a merger with Vodafone India and its wholly owned subsidiary Vodafone India Mobile Services, which will create India's largest mobile phone company.


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Savings bank cash withdrawal limits removed from today

All limits on savings bank cash withdrawals post-demonetisation ended on Monday, as had been announced by the Reserve Bank of India (RBI) last month.


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Now, Ola-Uber drivers go on a strike in Mumbai

Following the example of their brothers in Delhi, nearly 40,000 Ola Uber drivers have decided to hold a day-long protest in Mumbai and stay off the roads. The reason being the same as Delhi- The companies ignoring their demands and the business no longer being lucrative.


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No more free withdrawals: ICICI, Axis, HDFC Bank restore cash charges

Starting March 1, some banks, including HDFC Bank, have begun charging a minimum amount of Rs 150 per transaction for cash deposits and withdrawals beyond four free transactions in a month.


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1,000 rupee note not coming, says Economic Affairs Secretary Shaktikanta Das

The government has no plans to re-introduce 1,000 rupee notes and is focusing to increase production of lower denomination currencies to address cash shortage, Economic Affairs Secretary Shaktikanta Das said today.


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Reliance launches Jio Prime plan: Offer price, subscription benefits, and more

Reliance Jio made yet another big announcement on Tuesday with the launch of the new Jio Prime subscription plan. In a move that is set to rattle Jio rivals like Idea, Airtel, and Vodafone, the new Prime plan continues the unlimited free services that Reliance Jio has offered since launch at a nominal price.


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Microsoft chief Satya Nadella says India's 'tremendous' entrepreneurial energy

Bengaluru: India is probably one of the places in the world where the entrepreneurial energy is able to scale up, not just start, Microsoft's India-born CEO Satya Nadella said on Monday.


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TCS Board approves India's biggest share buyback of Rs 16,000 crore

Tata Consultancy Services Ltd (TCS) today announced Rs 16,000 crore share buyback- biggest in the Indian capital market, looking to return surplus cash to shareholders.


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SC orders attachment of Sahara's Rs 39,000 crore Aamby Valley project

The Supreme Court on Monday attached Sahara group's Aamby Valley property in Pune for the recovery of Rs 14,799 crore that the group's two companies involved in real estate have to pay investors. The property is worth Rs 39,000 crore.


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'Like' scam: Young Noida engineer dupes 6 lakh people of Rs 3,700 crore

Noida: Hard to believe but a 26-year-old BTech graduate has tricked more than 6 lakh people into giving him their money through a Ponzi scheme that promised big returns for hitting 'likes' online. In about a year, Anubhav Mittal's Social Trade committed fraud of a whopping Rs 3,700 crore.


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Mallya slams NDA, UPA, says both using him as 'football' and 'media' as 'pitch'

Beleaguered liquor baron Vijay Mallya has lashed out at BJP-led NDA and Congress-led UPA, saying, he is a 'football' and the two 'fiercely competitive' political entities have been playing against each other using 'media' as the 'pitch.'


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