Going forward, as India tries to limp back to normalcy after the Covid crisis, it is quite evident that it will have to rely heavily on FDI flows to re-fire its investment engine Responding to the concerns that Chinese entities could mount takeovers of Indian companies during the Covid-triggered market rout, the Centre has taken […]
Asks brothers to deposit Rs 2350 crore, Indiabulls to deposit value of 12.35 lakh sold shares. The Supreme Court (SC) has ordered former Fortis promoters, brothers Malvinder and Shivinder Singh to deposit up to Rs 2350 crore within eight weeks, on Friday. The court held the Singh brothers, Fortis Healthcare Limited (FHL) and financial services […]
The raids to unearth the large tax evasion nexus were conducted in the first week of this month on 42 premises in Delhi, Mumbai, Hyderabad, Erode, Pune, Agra and Goa on a group of people indulging in issuing bogus bills and carrying on hawala tran. NEW DELHI: The CBDT (Central Board of Direct Taxes) on […]
BENGALURU: Public sector lenders State Bank of India (SBI) and Bank of Baroda (BoB) have limited the cash withdrawals of customers using micro-ATMs of other banks to just four times a month, in what could cause transactions undertaken through the Aadhaar-enabled Payment System (AePS) route to fall significantly. While BoB is allowing customers to do […]
The ITR filing due date has been extended, but don’t wait till the 11th hour. The taxman has shown magnanimity yet again. This time, he has extended the due date for filing income tax returns for the financial year 2018-19 (assessment year 2019-20) by a whole month — from July 31 to August 31. The […]
State Bank of India (SBI) on Friday said frauds amounting to Rs 7,951.29 crore were reported during the first nine months of 2018-19. All these accounts became NPAs much earlier and most of the portfolio is already provided for with 100 per cent provision, SBI said in a regulatory filing. “Moreover, we provide additional provision […]
The RBI has declined to reveal the cost incurred on shredding banned currency notes worth Rs 15,31,073 crore which returned to banks following demonetization, an RTI activist said, citing a response from the central bank. To a query under the Right to Information (RTI) Act, the Reserve Bank of India (RBI) said the process of […]
Shares of Yes Bank Friday cracked 15 per cent after the company reported a decline of 3.8 per cent in net profit for the second quarter ended September 30, 2018. After a weak opening, shares of the company further tanked 14.99 per cent to Rs 168.60 on BSE. It later recovered most of its sharp […]
