IBTimes Staff Reporter

Articles by IBTimes Staff Reporter

Email : editor@ibtimes.co.in

Banks to take hit of Rs 18,000 cr for 12 accounts identified for bankruptcy

Ind-Ra forecasts additional provisioning to eat into bank profits by around 25 percent in fiscal 2018.

Jul 18, 2017

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State Bank of India warns account holders over Aadhaar

The message by SBI to account holders was sent on a day the Supreme Court referred all Aadhaar-related matters to a nine-judge bench.

Jul 18, 2017

HDFC Life gears up for IPO after scrapping merger with Max: Report

The initial public offering (IPO) of up to Rs 10,000 crore could reportedly value the company at about Rs 50,000 crore.

Jul 18, 2017

SBI Life seeks capital markets regulator's nod for IPO: Report

State Bank of India (SBI) holds 70 percent stake in the company, while 26 percent stake is held by BNP Paribas Cardif.

Jul 17, 2017

Insolvency case: Gujarat HC dismisses Essar Steel petition challenging RBI

Essar Steel's petition had challenged the RBI directive to banks for initiating insolvency proceedings against it

Jul 17, 2017

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Number of PSBs may go down to 12 as govt mulls consolidation

The 21 public sector banks are expected to be consolidated to 10-12 in the medium term.

Jul 17, 2017

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Metro rail projects to give massive boost to construction sector: Report

Ratings agency ICRA estimates that expanding metro rail network projects are poised to give a Rs 2.5 lakh crore fillip to the construction industry in India.

Jul 17, 2017

More 'kick' brewing: Diageo checks lager picture, withholds $35 mn from Mallya

Diageo says to pursue dues of $135 million and push claim for Mallya's pledged stake in Force India Formula 1 team.

Jul 17, 2017

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GST conundrum upsets $244 billion tourism, textile sectors: Report

The tourism sector provides jobs to around 13 million people while about 45 million workers are employed by the textile industry.

Jul 17, 2017

TVS Motors plans Rs 500 cr investment in operations this year, new launches

Apache RR to be developed jointly with BMW will be priced at Rs Rs 1.25-1.5 lakh.

Jul 17, 2017

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GMR likely to sell 49% stake in Hyderabad airport to Abu Dhabi Investment Authority: Report

The news lifted the share price of GMR Infrastructure on the BSE in early session on Monday.

Jul 17, 2017

GSTN portal to be ready for invoice uploading from July 24

Invoices for transactions above Rs 200 need to be generated on the GST network with records of serial numbers to claim input tax credit.

Jul 16, 2017

india, external trade, merchandise trade, india exports, imports, trade deficit, gold imports, engg imports, fiscal deficit, nirmala

Exports up for 10th month in June, but at slower rate of 4.4%

Cumulative trade deficit almost doubled in June to $40 billion riding on the back of rising gold imports.

Jul 15, 2017

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Gone with the wind? Inox Wind becomes first insolvency case in wind energy

Operational creditor Jeena & Company submitted to the company law tribunal that Inox Wind has outstanding payments of Rs 57.5 lakh as of March 25, 2017.

Jul 15, 2017

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Fuel, liquor can be brought under GST if states sort out problems: Modi minister

Minister of State for Civil Aviation Jayant Sinha said so while addressing traders and officials at an event in Dhanbad, Jharkhand.

Jul 15, 2017

Tata Group shareholders are poised for gains, thanks to N Chandrasekaran: Report

N Chandrasekaran had taken over as the chairman of Tata Sons in January following the abrupt ouster of Cyrus Mistry last October.

Jul 15, 2017

operation clean money, income tax department, suspicious deposits, tax harassment, tax terrorism, arun jaitley, indian tax payers, tax to gdp ratio in india, pm modi

Operation Clean Money: 6.6 lakh people identified with inconsistent tax profile

While 5.6 lakh people are from the second phase of the operation, the rest had not disclosed their bank accounts properly in the first round.

Jul 15, 2017

Wipro to announce Q1 results next week, share buyback on the cards

Bengaluru-based IT software services exporter Wipro had cash and cash equivalents worth Rs 5,271 crore as of March 31 2017.

Jul 15, 2017

Held to account: NRIs may be asked to disclose financial details outside India

NRIs will have to share account numbers of overseas bank accounts, bank names and office locations with the tax office, says Economic Times report.

Jul 14, 2017

Govt sets July 21 deadline for taxpayers keen to opt for composition scheme under GST

Those having an annual turnover of up to Rs 75 lakh have the option that enables to pay presumptive tax at prescribed rates.

Jul 14, 2017

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Articles by IBTimes Staff Reporter

Banks to take hit of Rs 18,000 cr for 12 accounts identified for bankruptcy

State Bank of India warns account holders over Aadhaar

HDFC Life gears up for IPO after scrapping merger with Max: Report

SBI Life seeks capital markets regulator's nod for IPO: Report

Insolvency case: Gujarat HC dismisses Essar Steel petition challenging RBI

Number of PSBs may go down to 12 as govt mulls consolidation

Metro rail projects to give massive boost to construction sector: Report

More 'kick' brewing: Diageo checks lager picture, withholds $35 mn from Mallya

GST conundrum upsets $244 billion tourism, textile sectors: Report

TVS Motors plans Rs 500 cr investment in operations this year, new launches

GMR likely to sell 49% stake in Hyderabad airport to Abu Dhabi Investment Authority: Report

GSTN portal to be ready for invoice uploading from July 24

Exports up for 10th month in June, but at slower rate of 4.4%

Gone with the wind? Inox Wind becomes first insolvency case in wind energy

Fuel, liquor can be brought under GST if states sort out problems: Modi minister

Tata Group shareholders are poised for gains, thanks to N Chandrasekaran: Report

Operation Clean Money: 6.6 lakh people identified with inconsistent tax profile

Wipro to announce Q1 results next week, share buyback on the cards

Held to account: NRIs may be asked to disclose financial details outside India

Govt sets July 21 deadline for taxpayers keen to opt for composition scheme under GST

Ranveer Singh touches Sanjay Leela Bhansali's feet; Sara Ali Khan, Aditi Rao Hydari radiate in ethnic outfits at reception

Omar lambasts "arrogant" Congress after BJP's historic victory; Mehbooba reacts [details]

BJP leads in 53 seats, crosses majority mark in Chhattisgarh

Ranbir Kapoor's fans burst crackers inside theatres during Animal screening; fans say 'low budget Salman Khan' fans'