I-T dept conducts raids at dozen premises in Karnataka on charges of tax evasion

The Income-Tax Department Tuesday said it has been conducting search warrants at about a dozen premises in Karnataka on charges of tax evasion. The raids are being conducted in... Read more »

Sebi debarrs Kashyap Technologies, 6 others from securities market for 5 years in lieu of GDR manipulation

Markets regulator Sebi has debarred Kashyap Technologies and six other entities, including Clifford Capital Partners, for at least five years from securities market in a matter related to manipulation... Read more »

BofA-ML sees RBI cut rates by another 25 bps

A foreign brokerage Monday said the Reserve Bank will slash its key policy rates by another 25 basis points, after governor Shaktikanta Das’ weekend speech focusing on ways to... Read more »

Exports increase 11% in March; trade deficit gap narrows

India’s exports soared to a five-month high of 11 percent in March on account of higher growth mainly in pharma, chemicals and engineering sectors, marking the outbound shipments at... Read more »

Govt seeks Rs 50,000-cr of public procurement through GeM in FY20

Public procurement worth Rs 50,000 crore will take place through the Commerce Ministry’s online marketplace GeM during 2019-20, an official said. In 2018-19, Government e-Marketplace (GeM) reached Rs 17,325... Read more »

India’s capital market performs better than US, UK and China in FY19 despite global, domestic headwinds

Indian capital market out beat several major global markets, including the developed ones like the US and the UK as well as developing economies such as China and Brazil,... Read more »

Recovery in US business to increase pharma companies’ Q4 earnings

Companies in the pharmaceutical sector are expected to post steady earnings growth in the January-March quarter of the last financial year (2018-19) on the back of a pick up... Read more »

First phase of Lok Sabha elections kickstarts on 11th April, facts about the Indian elections

Today, 11th April will see more than 900 million Indians voters in the elections to the 17th Lok Sabha that start in parts of the country from today. About 10 per... Read more »

Investors in frenzy as Kotak MF defers returns on fixed maturity plan

The past few days has made mutual fund investors go berserk. Kotak Mahindra Mutual Fund has withheld returns on its fixed maturity plan (FMP) that matured on Wednesday. The... Read more »

Ericsson may have to return Rs 576 crore to RCom if insolvency suit is restored: NCLAT

The National Company Law Appellate Tribunal (NCLAT) reiterated Monday that Ericsson India Private Ltd would have to refund the Rs 576 crore including interest payment it got as dues... Read more »