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$The Income Tax Department will soon issue notices to those who have deposited \suspicious\ amounts of money in banks post-demonetisation and have not responded to taxmans preliminary communication. (Photo: PTI)$ Business

Govt collects Rs 38,000 crore as compensation cess between July-Nov

Centre has released Rs 24,500 crore to the states to compensate for losses suffered between July-October.

5 Jan 2018 6:20 PM IST

Although vigilance proceeding against directors are carried out by the Finance Ministry, the department proceedings or criminal proceedings against officials are carried out by bank itself.

Business

Credit Enhancement Fund to be launched by March: Finance Ministry

Raising the credit rating of these companies would help easier access to institutional financing.

5 Jan 2018 5:04 PM IST

Mumbai plans to launch a high-speed urban rail network to ease the pressure on its age-old suburban railways. (Photo: PTI/Representational)

Business

Railways earned additional Rs 671 crore through flexi fare

Under flexi fare formula, base fare increases from 10 pc to 50 per cent with every 10 pc of berths booked.

5 Jan 2018 4:27 PM IST

NITI Aayog, along with Nasscom and telecom operators, will also be launching a helpline for all digital payments-related queries soon. (Photo: Representational Image)

Business

NPCI's digital payments platform transactions jump in December

Transactions on UPI rose exponentially post July last year, when the number was 11.44 million.

5 Jan 2018 11:14 AM IST

FICCI survey of the 800 Indian companies based in the UK, which reported a sudden 15 per cent decline in return on investments as the pound sterling fell 15 per cent following Brexit vote last month.

Business

Ficci urges govt to bring down corporate tax to 28 per cent in Budget

Government is scheduled to come out with the Budget for 2018-19 on February 1.

5 Jan 2018 10:07 AM IST

Indias fiscal deficit at the end of October hit 96.1 per cent of the budget estimate for 2017- 18. (Photo: PTI/Representational)

Business

Govt to opt for wider fiscal deficit target of 3.2 per cent in FY19:...

Government has already exhausted 112 per cent of the 2017-18 target by November 2017.

4 Jan 2018 5:37 PM IST

Parliaments approval has been sought for meeting additional expenditure towards recapitalisation of Public Sector Banks.

Business

PSU bank stocks in limelight; shares gain up to 8.5 per cent

Release of next instalment of funds earmarked for bank recapitalisation proved to be a shot in arm for PSBs.

4 Jan 2018 5:32 PM IST

With its funds surplus despite extensive development work, Tadipatri municipality stands a role model for other towns and even district headquarters.

Business

Fund raising via preferential allotment up 3 per cent in Apr-Nov

As per Sebi data, funds raised by listed firms through preferential allotment stood at Rs 27,874 crore.

4 Jan 2018 4:44 PM IST

More than 800 companies listed on the National Stock Exchange (NSE) would be required to reconstitute their board if the Securities and Exchange Board of India (Sebi) implements the recommendation of the Uday Kotak committee on corporate governance.

Business

Nearly 1,200 new FPIs register with Sebi in 10 months of FY18

Number of FPIs with the markets regulator climbed to 8,991 at the end of November from 7,807 at March-end.

4 Jan 2018 4:09 PM IST

Business

Govt seeks Parliament nod for Rs 80,000 crore PSBs recapitalisation

NPAs have increased to Rs 7.33 lakh crore as of June 2017, from Rs 2.75 lakh crore in March 2015.

4 Jan 2018 3:17 PM IST

In the Budget, banks also expect the government to boost consumption demand and investment through reduction in corporate as well as personal income tax, and by providing additional deductions under section 80C and interest on home loans.

Business

Higher NPA provisioning to impact banks in 2018/19: Moody's

Govt in October last year announced plans to infuse Rs 2.11 lakh crore into PSU banks.

4 Jan 2018 2:21 PM IST

Finance Minister Arun Jaitley coming out of Finance Ministry office at Parliament. (Photo: File/PTI)

Business

Govt notifies 7.75 per cent bond scheme for retail investors

Government came out with bonds offering 8 per cent interest to encourage retail investors to invest.

4 Jan 2018 11:45 AM IST