Home » Archives by category » Business » Money (Page 3)

Govt notifies law to make banned note possession punishable

Govt notifies law to make banned note possession punishable

The government has notified the law that makes holding of more than 10 scrapped notes punishable with a minimum fine of Rs 10,000. The Specified Bank Notes (Cessation of Liabilities)…

Govt sees FY17 per capita income rising 10% to Rs 103,818

Govt sees FY17 per capita income rising 10% to Rs 103,818

India’s per capita net national income is expected to rise 10.2 per cent to Rs 103,818 in the current fiscal, government data showed. The per capita national income during 2015-16…

Jio tariff very aggressive, unsustainable: Sunil Mittal

Jio tariff very aggressive, unsustainable: Sunil Mittal

India’s largest mobile operator Bharti Airtel has said the new tariff announced by Reliance Jio is very aggressive and unsustainable, and the industry will respond to it with more competitive…

Mumbai is India’s richest city with wealth of $820 bn

Mumbai is India’s richest city with wealth of $820 bn

India’s financial capital Mumbai, which is home to 46,000 millionaires and 28 billionaires, is the richest Indian city with a total wealth of $820 billion, says a report. According to…

Five associate banks to merge with SBI from April 1

Five associate banks to merge with SBI from April 1

All the five associates will merge with State Bank of India from April 1, in the largest consolidation exercise in the banking history of India. The assets of State Bank…

Bharti Airtel to acquire Telenor India

Bharti Airtel to acquire Telenor India

Telecom operator Bharti Airtel Will acquire the business of Telenor India for an undisclosed sum in all seven circles where it holds spectrum. Airtel said it has “entered into a…

I-T to go easy on up to Rs 5 lakh deposits by 70-plus people

I-T to go easy on up to Rs 5 lakh deposits by 70-plus people

The tax department will not carry out any further verification for cash deposits up to Rs 5 lakh made by people above 70 years of age post note ban, but…

No plans to introduce Rs 1,000 notes: Shaktikanta Das

No plans to introduce Rs 1,000 notes: Shaktikanta Das

The government has no plans to introduce Rs 1,000 notes and the focus is on increasing production of lower denomination currencies, Economic Affairs Secretary Shaktikanta Das said. He also said…

Enhance shareholder value: Chandrasekaran to employees

Enhance shareholder value: Chandrasekaran to employees

Taking over the reins of USD 103 billion Tata Group, Natarajan Chandrasekaran called for more rigour in capital allocation so as to enhance shareholder value as also individual businesses of…

Ahead of merger with SBI, associate SBT to raise up to Rs 600 cr

Ahead of merger with SBI, associate SBT to raise up to Rs 600 cr

Ahead of its proposed merger with parent SBI, State Bank of Travancore (SBT) will raise up to Rs 600 crore to shore up additional tier-I capital by issuing Basel compliant…