Loan granted to credit card holder is exempt from IGST: Calcutta HC

The interest charged on an inter-state loan given to a credit card holder without the use of a plastic card would not be subject to the integrated goods and services tax (IGST), a two-judge bench......

Citi joins list of foreign banks scaling down India ops

Citibank on Wednesday joined the list of foreign banks that have exited retail banking business in India. Photograph: Chris Helgren/Reuters Mumbai-based Axis Bank completed acquisition of......

Axis Bank buys Citi India's retail biz for Rs 11,603 cr

Axis Bank on Wednesday said it has completed the acquisition of Citibank's retail business in India for a final cash consideration of Rs 11,603 crore. Photograph: Danish Siddiqui/Reuters The sale......

June credit card spends remain above Rs 1 trn

Credit card spends in June, although down marginally month-on-month (MoM), remained above the Rs 1-trillion mark for the fourth consecutive month. Illustration: Uttam Ghosh/Rediff.com In June,......

Paralympians Are Barely On India Inc's Radar

'Instead of making this a four-year phenomenon, when you look at us and get thrilled, do it more regularly.'Vaibhav Raghunandan reports. IMAGE: Avani Lekhara set a Paralympics record in the......