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Direct tax collection in the fiscal year just ended has exceeded the targets with a record 6.84 lakh income tax returns being filed, officials said today.Business
Direct tax collection exceeds target in FY18

Direct tax collections in 2017-18 at Rs 9.95 lakh crore, exceeded the revised budgetary target of Rs 9.8 lakh crore.

2 April 2018 5:48 PM IST

More Indian companies are likely to default on their borrowings in the fiscal year that started in April compared with the previous year on higher interest costs and a deterioration in business conditions, according to rating agency ICRA.Business
Default rates at Indian companies likely to rise further: ICRA

The default rate for Indian companies rose to 3.4 percent in the fiscal year ended March from 2.6 percent in the...

2 April 2018 3:26 PM IST

According to Venture Intelligence, private equity (PE) firms invested about $3.7 billion across 133 deals in the January-March period as against 200 transactions worth $7.3 billion recorded in the same period last year. (Representational image)Business
PE investments fall 49 per cent to USD 3.7 billion in Jan-Mar: report

The investment amount was also 29 per cent lower than the December 2017 quarter.

2 April 2018 1:34 PM IST

Indias widening current account deficit coupled with normalisation of loose policy in developed nations and soaring crude oil prices may weaken rupee towards Rs 67/$1 in the fiscal years that begun from April 1.Business
Rupee may hit 67 against dollar in FY2019

Investor sentiment will be cautious, weighing on the local currency, as three major states are going to polls this year.

2 April 2018 12:29 PM IST

With multiple agencies probing the alleged Rs 13,000-crore fraud at state-run Punjab National Bank, the Reserve Bank of India (RBI) says it has conducted its scrutiny and the matter is currently under examination for \enforcement action\.Business
RBI may agree on raising FPI limit on G-Secs to 6-7 per cent

A 1 per cent rise in cap would increase limit by Rs 80, 000 crore in absolute terms.

2 April 2018 12:11 PM IST

D.S. Rawat, Secretary general, AssochamBusiness
India faces inflation risks due to higher MSP, says Assocham

Lower inflation in fuel and food helped ease India's wholesale inflation in February to a seven month low of 2.48 per...

2 April 2018 1:45 AM IST

According to Venture Intelligence, private equity (PE) firms invested about $3.7 billion across 133 deals in the January-March period as against 200 transactions worth $7.3 billion recorded in the same period last year. (Representational image)Business
Private equity investment in Indian firms dips

According to him, 2017 was exceptionally a good year for fund raising from both public as well as private investors.

2 April 2018 1:42 AM IST

Nationwide electronic or e-way bill system for inter-state movement of goods has been rolled out today, with GSTN officials saying that the platform is working smoothly.Business
Inter-state e-way bill rolled out; only Karnataka to launch...

Nationwide electronic or e-way bill system for inter-state movement of goods has been rolled out today.

1 April 2018 3:23 PM IST

India has the highest retail prices of petrol and diesel among South Asian nations.Business
Petrol price hits 4-year high, diesel at highest level

India has the highest retail prices of petrol and diesel among South Asian nations.

1 April 2018 1:55 PM IST

Vinod Rai said public sector banks still have a role specially in the creation of infrastructure in the country.Business
PSBs have a role, needed to push infra growth: Vinod Rai

Vinod Rai said public sector banks still have a role specially in the creation of infrastructure in the country.

1 April 2018 11:41 AM IST

The government has sanctioned GST refunds worth about Rs 12,700 crore or 80 per cent of the eligible claims of exporters.Business
CBEC sanctions Rs 12,700-crore GST refund claims

The government has sanctioned GST refunds worth about Rs 12,700 crore or 80 per cent of the eligible claims of...

1 April 2018 11:31 AM IST

US complaint stated, China appears to be breaking WTO rules by denying foreign patent holders. (Photo: ANI)Business
China March factory growth stronger than expected: official PMI

China's economy has carried more momentum into the first quarter from last year.

31 March 2018 1:19 PM IST

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