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The pact to develop the Chabahar port and other infrastructure was inked last month during Prime Minister Narendra Modis visit to Persian Gulf nation. (Representational Image)Business
India cracks open Iran sea route to Afghanistan, bypassing rival

India has committed $500 million to the Chabahar port that it is building as a way to bypass rival Pakistan.

7 Nov 2017 10:03 AM IST

Demonetisation has helped flush out black money, eliminate fake notes and reduce the currency in circulation, said the finance ministry. (Photo: PTI)Business
Demonetisation flushed out black money, reduced cash in hand: Jaitley

The total currency in circulation has come down to Rs 14.75 lakh crore as of August 4, 2017, from Rs 17.77 lakh crore.

7 Nov 2017 8:36 AM IST

A top ED official said, Based on the Panama Papers, we are looking into the role of several people named in it for Fema violations.Business
Panama Papers probe yields Rs 792 crore credits

So far, the Multi-Agency Group has submitted seven reports to the government.

7 Nov 2017 1:31 AM IST

YSRC chief Y.S. Jagan Mohan ReddyBusiness
Hetero bosses Narasa Reddy and Saradhi Reddy Bandi in Paradise Papers...

A senior CBI official said that the Bureau knows nothing about the report and has not received it from anyone.

7 Nov 2017 1:01 AM IST

The Indian names include Bollywood star Amitabh Bachchan, defaulter businessman Vijay Mallya, corporate lobbyist Niira Radia, film star Sanjay Dutts wife Dilnashin, Union minister Jayant Sinha and Rajya Sabha MP R.K. Sinha.Business
Panama leak: India ranks 19th on Paradise Papers list with 714 names

The International Consortium of Investigative Journalists worked with 95 media partners globally for the probe.

7 Nov 2017 12:36 AM IST

The Appointments Committee of the Cabinet has approved designating Adhia as the Finance Secretary. (Photo: ANI)Business
Revenue Secretary Hasmukh Adhia promoted as Finance Secretary

Finance Secretary's post was vacant following the superannuation of Ashok Lavasa last month.

6 Nov 2017 8:29 PM IST

The employees are on the warpath over the issue. They said that though the banks earned Rs 1.59 lakh crore profit in the last financial year, they suffered Rs 11,388 crore loss due to the bad loans. (Representational image)Business
A year on, bankers say note ban has been good for them

RBI in June said as much as 99.1 per cent of the junked bills had returned to the banking system.

6 Nov 2017 8:25 PM IST

While the prohibition of Money Laundering Act cases will be booked by the ED, the prohibition of Benami Properties Act cases will be booked by the Income Tax department.Business
Note ban: Over 20,000 I-T returns picked for detailed probe

Department conducted 8,239 survey operations leading to detection of Rs 6,745 crore of black money.

6 Nov 2017 6:53 PM IST

\The dollar and Treasury bond yields initially fell while equities soared on the news,\ said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange.Business
Multi-agency group on Panama leak to probe Paradise Papers

It will also check I-T returns of Indians named in Paradise Papers. Action will be taken on a case-to-case basis.

6 Nov 2017 6:44 PM IST

Finance Minister Arun Jaitley at the 22nd meet of the GST Council on Friday declared that each exporter will get an e-wallet where a notional amount will be paid to him/her as advance credit through which they can pay their taxes.Business
Cash comes at a cost, nation moving towards digital economy: Jaitley

Jaitley also launched two products of the PNB -- Rupay Credit Card and e-Rupaya.

6 Nov 2017 6:37 PM IST

The scrip of Allcargo Logistics surged 7 per cent, Snowman Logistics soared 5,49 per cent, Gati jumped 4.44 per cent, Arshiya (3.82 per cent) and VRL Logistics (3.71 per cent) on BSE.Business
Indian logistics sector to grow by 9-10 per cent per annum: ICRA

Over the past couple of months, the outlook for the logistics companies is positive in the medium term.

6 Nov 2017 4:13 PM IST

State Bank of India (SBI) Chairman Rajnish Kumar claimed that any negative impact of demonetisation is now behind us. (File Photo)Business
Negative impact of demonetisation behind us: SBI Chairman

On November 8 last year, the Centre had announced to demonetise 500- and 1000-rupee banknotes.

6 Nov 2017 3:48 PM IST

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