Only 10 lakh earning over Rs 10 lakh a year declare income

NEW DELHI: There are just over 10 lakh income tax assesses in India declaring income in excess of Rs 10 lakh a year, data released by the government showed.Read More

ICICI Bank, Sensex, Salman Khan – the Goodwill ambassador, Gold, Indian rupee vs US dollar, more

Rallying for the third straight day, gold climbed by Rs 350 to trade above the Rs 30,000-mark at Rs 30,250 per 10 grams, its highest level in almost two years at the bullion market on Friday, largely in tandem with firming trend overseas.Read More

IndiGo's Q4 net profit flat at Rs 579 crore despite flying more passengers

Hit by higher expenses, IndiGo's parent InterGlobe Aviation on Friday saw its net profit remain flat at Rs 579.31 crore in the three months to March even as it flew more passengers during the period.Read More

Vodafone picks BofA, Kotak, UBS, other banks for India IPO, sources say

SINGAPORE/HONG KONG: British telecoms operator Vodafone has picked Bank of America Merrill Lynch (BofA), Kotak Investment Banking and UBS as joint global coordinators of its Indian unit's IPO, people familiar with the matter said, kicking off its ...Read More

Long-term investors can buy RIL with a target of up to Rs 1200 in next 1 year

NEW DELHI: Shares of Reliance Industries, which reported a billion dollar in net profit for another quarter, may open with a pop on Monday but lack of clarity over Reliance Jio launch could cap the upside.Read More

Bharti Airtel To Consider Share Buyback On April 27

New Delhi: Bharti Airtel today said it is likely to consider a buyback of equity shares in its board meeting on April 27. The company, however, did not specify the number of shares it mulls to buy back.Read more

Jewellers asked to clear excise dues with June payment

The government today asked the jewellers to settle the excise dues for March-May along with that of June and get themselves registered with the central excise department by July 1. By: PTI | New Delhi | Published: April 23, 2016 7:27 PM.Read More

India Overtakes China As Top FDI Destination: Report

India, not China, is the world's top destination for foreign direct investment, according to fDi Intelligence, a division of The Financial Times.Read More

GoAir Hikes Ticket Cancellation Charges

New Delhi: Budget carrier GoAir on Thursday joined its peer group in upwardly revising its ticket cancellation charges. The ticket cancellation fee for GoAir flights has been increased to Rs.Read More

Commuters Take Suresh Prabhu For A Ride Through Mumbai's Railway Woes

A few commuters offered Suresh Prabhu a seat, but he refused and stood all the way till CST. Mumbai: Union Railway Minister Suresh Prabhu is no stranger to receiving complaints from rail commuters.Read More

Rupee trades lower at 66.54 against US dollar

India's 10-year bond yield was trading at 7.48%, as compared with its Thursday's close of 7.476%. Photo: Ramesh Pathania/Mint.Read More

UK unveils financial help for crisis-hit Tata Steel buyer

London, April 21, 2016 (AFP) -. The British government Thursday offered "hundreds of millions of pounds" in financial support for potential buyers of crisis-hit Tata Steel's UK operations and said it could even buy up to a quarter of the company.Read more

Not sure if public sector banks will survive onslaught of small finance, payments banks: SBI chief

Arundhati Bhattacharya said that the new competition in the form of small finance banks and payments banks don't have a viable business model yet. Read More

Nirmala Sitharaman criticises Raghuram Rajan's choice of words for India

The RBI governor said India was like a one-eyed king in the land of the blind, describing what he felt about the country called a "bright spot" on various occasions, including by the IMF. Read More

Exports slip for 16th straight month

NEW DELHI: Falling for the 16th month in a row, exports dipped 5.5% in March to $22.7 billion due to contraction in shipments of petroleum and engineering goods amid tepid global demand.Read More

Oil lower as OPEC disarray narrative offset by Kuwait strike

Brent crude for June settlement dropped 19 cents, or 0.4 per cent, to $US42.91 on London's ICE Futures Europe exchange after earlier falling as much as 7 per cent. Read More

Centre plans loss-making PSU land bank

NEW DELHI: The government is looking at creating a bank from the land available at loss-making state-run enterprises as part of its efforts to sell these entities and push the overall disinvestment programme, officials have said. Read More

Bharat beats India in household consumption

Household consumption of fast-moving consumer goods (FMCG) in rural areas grew at almost double the pace of urban areas in 2015, showing all wasn't lost in the countryside in a year dominated by slowdown. Read More

Asia subdued before oil producers' meeting, China GDP taken in stride

TOKYO (Reuters) - Asian stocks were subdued on Friday as caution over a weekend meeting of oil producers tempered risk sentiment, while the region's markets took China's relatively upbeat GDP data in stride. Read More

India, US to collaborate on tackling offshore tax evasion

WASHINGTON: India and the US have agreed to enhance collaboration on tackling offshore tax evasion and increase cooperation in sharing of cross-border tax information. Read More