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I-T dept makes public list of defaulters owing Rs 448 cr

I-T dept makes public list of defaulters owing Rs 448 cr

The Income Tax department released a list of 29 entities owing Rs 448.02 crore in taxes as part of its strategy to name and shame large defaulters. In advertisements issued…

Hindujas are wealthiest Asians in U.K in 2017

Hindujas are wealthiest Asians in U.K in 2017

NRI businessmen Hindujas have retained their position as the richest Asians in the U.K in 2017 with an estimated wealth of 19 billion pounds, an increase of 2.5 billion pounds…

ESAF Small Finance Bank launched

ESAF Small Finance Bank launched

ESAF Small Finance Bank, Kerala’s first private sector in micro financing, was launched by Chief Minister Pinarayi Vijayan on Friday. The bank, promoted by ESAF Microfinance and Investments (P) Ltd…

BMW India to increase prices across range from Apr 2017

BMW India to increase prices across range from Apr 2017

BMW Group India has announced that the German auto giant will be increasing prices across the complete range by an average of 2 per cent with effect from the new…

Govt must bail out troubled big borrowers at time: CEA

Govt must bail out troubled big borrowers at time: CEA

The government needs to bail out large corporate borrowers at times in a capitalist system though it may lead to charges of cronyism, Chief Economic Adviser Arvind Subramanian has said,…

Gold imports fall sharply post-demonetisation

Gold imports fall sharply post-demonetisation

The Centre’s demonetisation drive is seemed to have a significant impact on the gold demand in the country as imports of the metal dropped sharply in December and January. Gold…

China warns of trade war if U.S imposes tariffs on its goods

China warns of trade war if U.S imposes tariffs on its goods

China has warned of a trade war with the U.S if the Trump administration decides to ignore WTO rulings and unilaterally imposes tariffs on its goods. “If any member ignores…

NBFC cash loan against gold restricted to Rs 25,000

NBFC cash loan against gold restricted to Rs 25,000

Non-Banking Finance Companies (NBFCs) cannot lend more than Rs 25,000 in cash against gold, the Reserve Bank of India (RBI) said on Thursday. The earlier provision for NBFC was that…

New Rs 10 notes with more security coming soon

New Rs 10 notes with more security coming soon

The Reserve Bank (RBI) will soon issue Rs 10 denomination notes with enhanced security features for circulation. The RBI said the banknotes in the Mahatma Gandhi series-2005 are to carry…

India seeks UAE investment for modernising its rail network

India seeks UAE investment for modernising its rail network

India will invest USD 140 billion to modernise its rail network over the next five years and is in talks with UAE-based sovereign wealth funds, Railways Minister Suresh Prabhu has…