Business
All 7 ITR Forms Released for e-Filing, Says Income Tax Dept
The Central Board of Direct Taxes had notified the new Income Tax Return forms for the assessment year 2018-19 on April 5. "All ITRs for AY 2018-19 are now available for e-filing," the department said in a statement.
Sebi Serves Notice on ICICI Bank CEO Chanda Kochhar in Videocon Loan Case
Reports have alleged that Videocon chairman Venugopal Dhoot invested Rs 64 crore in Nu Power Renewables, a firm owned by Deepak Kochha
For The First Time in 226 Years, a Woman to Lead The New York Stock Exchange
Stacey Cunningham, who started her career as a floor clerk on the NYSE trading floor, will become the 67th president of the Big Board.
Moody's Downgrades PNB, Cites Negative Impact of Nirav Modi Fraud
The agency downgraded PNB's foreign currency issuer rating by a notch to 'ba1', which is non-investment grade, from 'Baa3'- meaning below investment grade.
US, China Putting Trade War on Hold , Says Treasury's Mnuchin
Mnuchin and U.S. President Donald Trump's top economic adviser, Larry Kudlow, said the agreement reached by Chinese and American negotiators on Saturday set up a framework for addressing trade imbalances in the future.
Rupee Nosedives to 68 After 2-day Gains, Down 30 Paise
The rupee selloffs accelerated last week against the grim backdrop of surging global crude prices and growing concerns over widening twin deficits even as foreign investors reduced their rupee-dominated exposures.
After India's Concerns Over Rising Oil Prices, Saudi Arabia Assures Adequate Supply
The statement came as oil prices rose back to $80 per barrel for the first time since 2014 due to rising concerns over disruptions to Iranian oil exports because of new U.S. sanctions and due to plummeting output in Venezuela.
Sensex Climbs 122 Pts in Early Trade
The 30-share Sensex bounced 122.13 points, or 0.34 per cent, to 35,510.01. It had lost 168.83 points in the previous two sessions.
Tata Steel Reports Q4 Net Profit at Rs 14,688 Crore
The total consolidated income of the company increased to Rs 36,407.19 crore in January-March 2018, from Rs 35,457.06 crore in the same quarter of FY17.
Infosys Director Ravi Venkatesan Logs Out to Pursue 'Exciting New Opportunity'
Venkatesan was made co-chairman of the company in April 2017 at a time when co-founder N R Narayana Murthy was gunning for then company management led by Chairman R Seshasayee and CEO Vishal Sikka over corporate governance issues.
Chinese Insurer Anbang's Ex-Boss Jailed 18 years for Fraud
Wu's trial was held on March 28 at a court in Shanghai, where prosecutors accused him of defrauding Anbang of 65 billion yuan ($10 billion).
Govt Mulls Action Against Bank Officials Involved in Frauds
In recent months, many frauds in the banking sector, including those involving diamantaire Nirav Modi and his firms, Rotomac Pens, Dwarka Das Seth International, and Aircel, have come to light.
India Urges ADB to Focus on West Asia, South Asia
Economic Affairs Secretary S.C. Garg made a strong case for ADB to adopt "country systems" for procurements and environmental safeguards and called for increasing lending for the private sector in developing countries, a Finance Ministry release said in N...
Rupee Sheds 4 Paise Against US Dollar
Dealers attributed the rupee's fall to fresh demand for the US dollar and sustained foreign fund outflows.
Cashback to Biz, Price Benefit to Consumers for Digital Transactions on Anvil
As per the proposal being worked out by the Revenue Department, consumers paying through the digital mode would be offered a discount over the maximum retail price (MRP). The discount would be capped at Rs 100.
Idea Cellular Q4 Net Loss Widens Nearly 3-fold to Rs 930.6 Crore
The company blamed hyper competition and high regulatory headwinds for aggravating the industry's financial stress.