Business

A company official said that the Madras High Court had instructed the tax department not to take further action pending further hearings.

The state-owned PNB has been defrauded of over USD 2 billion by fraudulent use of Letters of Undertaking (LoUs) allegedly by Nirav Modi and his associates.

PMLA imposes obligation on reporting entities (REs) including Non-Banking Financial Companies (NBFCs) to verify identity of clients, maintain records and furnish information to FIU-IND (Financial Intelligence Unit - India).

The acquisition, a first-of-its-kind venture by an entity under the Union power ministry, is carried out through EESL's British subsidiary EnergyPro Assets.

Announcing subscription model for cloud offerings at an event in New Delhi, Dassault Systemes India MD Samson Khaou said more than 70 per cent of business comes from automotive, industrial and aerospace segments and rest from retail, natural resources and...

Markets benefited from value buying in beaten-down stocks and a mixed trend overseas, as investors focused on new Federal Reserve Chairman Jerome Powell's first policy meeting starting later in the day amid trade war concerns, broker said.

The NSE Nifty slipped 18.95 points, or 0.19 per cent, to trade at 10,176.20.

Markets are currently reeling under global trade worries and domestic political concerns.

Under the e-wallet mechanism, a notional credit would be transferred to exporters' accounts based on their past record and the credit can be used to pay taxes on inputs.

Sentiment suffered a setback following fresh development on the political front after a key NDA ally, TDP, decided to quit the alliance and moved a no-confidence motion notice against the government, accelerating the selling pace by participants, brokers...

Referring to "very limited authority" of the central bank, Urjit Patel said the RBI cannot remove PSB directors and management, it cannot enforce mergers in PSBs nor it can trigger liquidation of state-owned banks.

Annual wholesale price inflation last month slowed to 2.48 percent from a year earlier, from a provisional 2.84 percent rise in Janua

Tactical digital consumers -- who consume both paid television (cable and DTH) and have at least one OTT subscription (like Netflix, Hotstar or Amazon Prime Video) or are driven by sachet pricing of content -- would provide high volume-lower value subscr...

Speaking to PTI, a top official from one of the few lenders not having any exposure to the companies promoted by Nirav Modi or his uncle Mehul Choksi of Gitanjali Gems, said the scam has come as a "shocker" which will "definitely have short term impacts"...

Lawmakers passed the cryptocurrency measure Monday following five days of heated debate. It's unclear when the nation will issue the currency.

ArcelorMittal unit ArcelorMittal India Pvt Ltd submitted a plan to National Company Law Tribunal, which deals with insolvency and company disputes, on Feb. 12 to bid for Essar Steel in partnership with Nippon Steel.