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    EPFO hikes interest rate on PF deposits for 2018-19

    EPFO hikes interest rate on PF deposits for 2018-19


    The Central Board of Trustees (CBT) headed by the labour minister is the top decision making body of the EPFO which finalises rate of interest on PF deposits for a financial...

    The Central Board of Trustees (CBT) headed by the labour minister is the top decision making body of the EPFO which finalises rate of interest on PF deposits for a financial year.
    Indian economy based on sound fundamentals: PM Modi in South Korea

    Indian economy based on sound fundamentals: PM Modi in South Korea


    "No other large economy in the world is growing at over 7 per cent year after year," he said at the India-ROK Business Symposium here during his visit to the Republic of...

    "No other large economy in the world is growing at over 7 per cent year after year," he said at the India-ROK Business Symposium here during his visit to the Republic of Korea.
    Explained: Dispute that could land Anil Ambani in jail

    Explained: Dispute that could land Anil Ambani in jail


    The Supreme Court found billionaire Anil Ambani guilty of contempt for failing to pay dues on time (as ordered by the court) to Swedish telecom equipment maker Ericsson AB. In case, he misses the payment deadline again (he has to pay Rs 453 crore within...

    The Supreme Court found billionaire Anil Ambani guilty of contempt for failing to pay dues on time (as ordered by the court) to Swedish telecom equipment maker Ericsson AB. In case, he misses the payment deadline again (he has to pay Rs 453 crore within four weeks), Ambani will be sent to jail for three months, the court said.
    Why South Korea needs India more than ever

    Why South Korea needs India more than ever


    Apart from holding talks with South Korean President Moon Jae-in, PM Modi will address business leaders, launch an India-Korea start-up hub, unveil the bust of Mahatma Gandhi and accept the 2018 Seoul Peace Prize 'in recognition of his national and...

    Apart from holding talks with South Korean President Moon Jae-in, PM Modi will address business leaders, launch an India-Korea start-up hub, unveil the bust of Mahatma Gandhi and accept the 2018 Seoul Peace Prize 'in recognition of his national and international contributions'.
    Puma emerges as top sportswear brand

    Puma emerges as top sportswear brand


    Puma reported sales of Rs 1,157 crore for a period of 12 months ending December 2018 up from Rs 958 crore for the corresponding period a year ago. India is the only market globally where the German sports lifestyle brand has surged ahead of sportswear...

    Puma reported sales of Rs 1,157 crore for a period of 12 months ending December 2018 up from Rs 958 crore for the corresponding period a year ago. India is the only market globally where the German sports lifestyle brand has surged ahead of sportswear giants such as Nike and Adidas.
    No relief for startups with angel tax orders

    No relief for startups with angel tax orders


    Commonly known as ‘angel tax’, the issue gained ground once again in December last year when the tax department started sending notices and orders to several startups demanding payouts. Startups that have got only tax notices are fewer, pegged at...

    Commonly known as ‘angel tax’, the issue gained ground once again in December last year when the tax department started sending notices and orders to several startups demanding payouts. Startups that have got only tax notices are fewer, pegged at around 2,000, and can get relief under the new norms.
    Are realtors evading GST with fake invoices?

    Are realtors evading GST with fake invoices?


    Whatever be the reason, a study of top 88 builders has shown that their GST payment is as low as 0.4% in Noida to 4.8% in Chennai, with the average payment estimated at...

    Whatever be the reason, a study of top 88 builders has shown that their GST payment is as low as 0.4% in Noida to 4.8% in Chennai, with the average payment estimated at 1.7%.
    India to remain fastest growing major eco: Report

    India to remain fastest growing major eco: Report


    The report prepared by Oxford Economics, which is engaged in global forecasting and quantitative analysis, India is likely to achieve an average growth of 6.5 per cent in 2019-28, the highest among the emerging...

    The report prepared by Oxford Economics, which is engaged in global forecasting and quantitative analysis, India is likely to achieve an average growth of 6.5 per cent in 2019-28, the highest among the emerging economies.
    Airbus says A320neo India deliveries back on track

    Airbus says A320neo India deliveries back on track


    “Pratt has informed Airbus that engine issues have come down by a factor of four in the last 12 months,” said Airbus’ India head Anand Stanley, on the sidelines of the Aero India airshow in...

    “Pratt has informed Airbus that engine issues have come down by a factor of four in the last 12 months,” said Airbus’ India head Anand Stanley, on the sidelines of the Aero India airshow in Bengaluru.
    Why RBI's rate cut hasn't brought down your EMIs

    Why RBI's rate cut hasn't brought down your EMIs


    Reserve Bank of India (RBI) announced a 0.25% cut in the rate at which it lends to banks at its monetary policy review earlier this month hoping banks would pass on the cut. State Bank of India, the country's largest lender, cut the rate on new home...

    Reserve Bank of India (RBI) announced a 0.25% cut in the rate at which it lends to banks at its monetary policy review earlier this month hoping banks would pass on the cut. State Bank of India, the country's largest lender, cut the rate on new home loans by just 0.05%. Other banks usually follow SBI in rate cuts.
    Govt announces Rs 48k cr recap plan for 12 PSBs

    Govt announces Rs 48k cr recap plan for 12 PSBs


    Financial services secretary Rajiv Kumar said that the government will infuse Rs 9,086 crore in Corporation Bank and Rs 6,896 crore in Allahabad Bank -- the two "better-performing" banks currently under the Prompt Corrective Action (PCA) supervision of...

    Financial services secretary Rajiv Kumar said that the government will infuse Rs 9,086 crore in Corporation Bank and Rs 6,896 crore in Allahabad Bank -- the two "better-performing" banks currently under the Prompt Corrective Action (PCA) supervision of the RBI.
    GST Council defers decision on real estate tax

    GST Council defers decision on real estate tax


    Briefing reporters after a meeting of the GST Council on Wednesday, finance minister Arun Jaitley said, because of the rush of filing of returns, the due date has been extended till February 22 for all states; and February 28 for Jammu &...

    Briefing reporters after a meeting of the GST Council on Wednesday, finance minister Arun Jaitley said, because of the rush of filing of returns, the due date has been extended till February 22 for all states; and February 28 for Jammu & Kashmir.
    IL&FS probe: ED files case, raids multiple locations

    IL&FS probe: ED files case, raids multiple locations


    Debt crisis in infrastructure lender IL&FS came to light following a series of defaults by its group companies beginning September last year. IL&FS is sitting on a debt pile of about Rs 91,000...

    Debt crisis in infrastructure lender IL&FS came to light following a series of defaults by its group companies beginning September last year. IL&FS is sitting on a debt pile of about Rs 91,000 crore.