Business

Finance Minister Nirmala Sitharaman presented the country’s “Book Account” on Friday. It has got great relief in the corporate sector. Under the new proposal, now the companies doing annual business up to Rs 400 crore will be in the corporate tax slab of 25 per cent. Prior to this, 25 per cent of corporate tax was included in companies which ...

Banks have reported a massive 73 percent increase in incidents of fraud worth Rs 71,543 crore in FY19, a senior Reserve Bank official said Thursday. Till March 2019, the top five, 10 and 100 cases of frauds cumulatively reported constituted 24 percent, 34 percent and 70 percent of all frauds, respectively, a chief general manager with the RBI Jayant Dash ...

The rupee appreciated by 16 paise to 68.79 against the US dollar in opening trade Wednesday, driven by positive opening in domestic equities and weakening of the greenback in overseas markets. The rupee opened strong at 68.83 at the interbank forex market then gained further ground to touch 68.79 per dollar, displaying gains of 16 paise over its previous close. ...

The second anniversary of Good & Services Tax (GST) will be celebrated tomorrow with Hon’ble Union Minister of State of Finance and Corporate AffairsAnurag Thakur presiding over the event. Subhash C. Garg, Secretary, Department of Economic Affairs, Dr. Ajay Bhushan Pandey, Revenue Secretary, Secretaries of the Ministries of Finance, Shri P.K. Das, Chairman CBIC, Members of CBIC, and senior officers ...

Gold has reached the highest level of six years. The price of gold in the global market and the Indian market is steadily rising. Gold has been continuously getting stronger since last six days. After all, what is the reason for the consistent strength of this price of gold, let’s know. On Tuesday, gold rose steadily for the sixth consecutive ...

Insolvency proceedings have been initiated against debt-ridden Jet Airways, which formally stopped flying on April 17 and saw lenders voting for bankruptcy earlier this month. The cash-strapped company became the first domestic airliner to go into bankruptcy after the Mumbai bench of the National Company Law Tribunal (NCLT) admitted an insolvency petition filed by SBI on behalf of 26 lenders ...

IT services major HCL Technologies Wednesday said it has signed a multi-year deal with Cricket Australia (CA) to deliver digital experiences to fans, players and employees. The financial details of the deal were not disclosed. HCL Tech will help the Australian cricket’s governing body provide an elevated and immersive digital experience to cricket fans, players, partners, employees, and volunteers across ...

The BSE Sensex ended modestly higher Wednesday after a highly volatile session as investors largely remained on the sidelines ahead of the US Fed’s interest rate decision. After rallying nearly 400 points during the day, the BSE gauge settled 66.40 points, or 0.17 per cent, higher at 39,112.74. The broader NSE Nifty closed almost flat at 11,691.45. Top gainers in ...

State-run engineering firm BHEL Sunday said it has won two orders worth Rs 800 crore for setting up solar energy capacity of 200 MW, and its solar photovoltaic portfolio has touched 1,000 MW mark with these orders. Valued at over Rs 800 crore, the orders have been secured from the state-run power giant NTPC Ltd and Gujarat State Electricity Corporation ...

Advertising spend in India is likely to rise by 11.4 per cent to Rs 697 billion in 2019, driven by key events such as the ongoing cricket world cup and the recent general elections, according to a report by the Dentsu Aegis Network (DAN). The 2019 estimate is up from January’s projection of 10.6 per cent growth in ad spend, ...