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Govt plans to introduce 3-5% tax on cash withdrawal of Rs 10 lakh a year

In order to push digital transaction, the Reserve Bank of India has removed the transaction fee imposed on banks for using its NEFT/RTGS payment servers earlier this week.

Jun 11, 2019

Suppliers' bankruptcy petitions may prove the last nail in Jet Airways coffin

The fate of Jet Airways lenders rescue plan in the balance as several suppliers and operational creditors head to National Company Law Tribunal to initiate proceedings under Insolvency and Bankruptcy Code.

Jun 10, 2019

India has 597 ATMs less in 2019 than 2017: RBI report

India also has one of the lowest ratios of ATM cash withdrawal relative to cash in circulation, revealed the report titled "Benchmarking India's Payment Systems".

Jun 8, 2019

Jaganmohan Reddy takes charge as Andhra Pradesh CM, 25 cabinet ministers sworn in

YS Jaganmohan Reddy's cabinet consists of six ministers who had previously served in his father YS Rajasekhara Reddy's cabinet.

Jun 8, 2019

Another wave of NBFC meltdown worries grips markets after DHFL rating downgrade

NAVs plummet up to 57% for mutual funds with substantial exposure to DHFL paper that rating agencies downgraded to 'default'; exposure of some funds may have exceeded the Sebi-mandated 10%.

Jun 6, 2019

uber ola cabs surge pricing licence karnataka taxi hailing aggregators, uber drivers, ola drivers, uber driver strike

Ola and Uber see bumpy ride ahead amid slow growth

In recent months, there has been an exponential cut in driver incentives which has led to supply shortage of the driver partners of these taxi hailing services. This has directly impacted the growth of their businesses.

Jun 5, 2019

SFIO questions RBI's role in IL&FS crisis, recommends internal probe for 'appropriate action'

Regarded as the 'Lehmann moment of India', the IL&FS started defaulting on re-payment of loans last year and is reeling under a whopping Rs 90,000 crore debt.

Jun 3, 2019

GST on new flats: Everything a buyer needs to know about the concessional rates

New constructions priced below Rs 45 lakh and of less than 60 sqm in the metros and 90 sqm in non-metro areas are eligible for a concessional tax rate of 1%.

May 30, 2019

L-R - Mr. Sachin Bansal, Tarun Mehta, CEO and Co-Foun ... r. Swapnil Jain, CTO and Co-Founder, Ather Energy

Ather Energy funding secures $51 million: Flipkart co-founder plays lead role

Bengaluru-based electric scooter maker raised an investment of $51 million, led by Sachin Bansal's who poured in $32 million.

May 28, 2019

Jet Airways threatened with bankruptcy proceedings

Exploring options to buy a stake in Jet Airways: Hinduja Group

But it is highly unlikely that cash strapped Jet is going to get immediate relief as the deal between Hinduja Group and Etihad Airways was reportedly going slow.

May 26, 2019

Vijay Devarakonda at the launch of his next movie Hero

How much money is Vijay Devarakonda getting as remuneration for his next movie Hero?

Mythri Movie Makers is said to be spending Rs 8 crore on Vijay Devarakonda's bike race scene in his next movie Hero and also paying a hefty sum as his remuneration.

May 20, 2019

Amazon offers domestic flight bookings in India, promises no cancellation fee

Amazon will not levy additional charges for booking tickets and those who book the tickets through the portal can avail offers and cashback options.

May 20, 2019

Ola and SBI launch India's most rewarding credit card; target 10 million cards by 2022

Ola's suite of digital financial offerings ranges from the Ola Money wallet to postpaid billing and micro-insurance for rides taken on the Ola platform.

May 15, 2019

Jet rescue plan hits another air pocket as HDFC plans to auction airline's Mumbai office

The debt-riddled airline is already battling a host of financial, legal and regulatory hurdles in its attempt to resume operations.

May 9, 2019

How Uber's IPO dreams shattered the lives of hordes of Indian drivers

Uber currently operates in 40 Indian cities and the country accounts for an estimated 11 per cent of its global rides.