Drivezy is helping people share their vehicles.
Government auditor CAG on Friday pulled up the Income Tax Department (ITD) for allowing irregular tax exemption to two Tata trusts involving tax implication of over Rs 1,000 crore (Rs 10 billion).
According to the global financial services major, the Consumer Price Index based inflation is peaking off and is expected to be around 7.5-8 per cent in September.
While Sahara maintains it has already repaid more than 93 per cent of the outstanding dues directly to the concerned bondholders and the remaining amount was just about Rs 2,500 crore (Rs 25 billion), it deposited Rs 5,120 crore (Rs 51.2 billion) to Sebi in December 2012 towards the investor refunds as per Supreme Court orders.
The announcement of a deferral is expected to be part of Finance Minister Arun Jaitley's Budget speech on February 29.
The output was behind target in 2015-16 as well and the government is yet to issue a cost disallowance notice for that
Gold traders and jewellers continued their strike for the 17th day today in protest against the 1 per cent excise duty on non-silver jewellery announced in the Budget.
Uber's draft prospectus for the biggest IPO in the world since Alibaba's in 2014 has projected a major cash burn for Uber in trying to get a significant market share in India, reports Karan Choudhury.
Here are the key decisions announced by the Reserve Bank of India on Thursday.
Vishal Sikka said such a plan is on the anvil.
To an award show that's famous for honouring artists belatedly, we have sent as our official entry one of our major film-makers's weakest work yet, feels Sreehari Nair.
India suffers from peak power deficit of three per cent.
Infrastructure, stricter implementation boost commercial vehicle sales
The second fortnight of September saw Rs 3 lakh crore of time deposits, something unique, followed by liquidation of Rs 1.2 lakh crpre of these right after.
Jaitley said the GST Composition Scheme, under which small traders and businesses pay a 1 per cent tax based on turnover, can be availed by businesses with a turnover of Rs 1.5 crore, against the earlier Rs 1 crore, with effect from April 1.
Some experts says that the high net-worth requirement of Rs 50 crore for setting up an IU is a deterrent.
the RBI will need to fulfil its April 4 pledge to avoid liquidity shortages.
Top no-frills carrier IndiGo on Tuesday approached capital markets regulator Sebi with Initial Public Offer.
Software product revenues seen at only $6.1 bn in FY15
The suspect behind a pro-Islamic State Twitter account followed by foreign jihadis has been arrested in Bengaluru, senior police officials said.
This rate of growth has a number of implications.
New SDR norms allow promoters to manage debt-laden firms.
'Today when people are fighting to get their salary, you are telling them you will privatise airports!'
In order for somebody to do Big Brother kind of a job, one has to collect lots of data. Aadhaar collects very minimal data whether at the time of enrollment or at the time of authentication.
With a new $100-billion technology fund, SoftBank is likely to go after market leaders.
According to the committee, single overseas investments of more than 10 per cent in a company should be considered as Foreign Direct Investment while those less than 10 per cent should be classified as foreign portfolio investment.
Captain Rohit Sharma led from the front with a blistering century as India routed West Indies by 71 runs to seal the three-match T20I series 2-0 with one game to spare, in the second T20 International in Lucknow on Tuesday.
'We have promised to ensure reduced tax rates.'
Don't waste the money on politically motivated social programmes.
The US-based firm has marked down the value of Flipkart for the sixth time, the latest at a time when it has been struggling to raise funds at a valuation higher than or equal to $15.2 billion.
Monetary Policy- Easing expected to happen later this financial year.
Private participation remains lacklustre.
The restrictions on gold imports will be reviewed by March end, Finance Minister P Chidambaram said on Monday.
In the Forbes rich list Mukesh Ambani is ranked 39th.
Discussion paper fixes Rs 1,000 cr as minimum capital for these specialised banks
In prior elections, not only have opinion poll forecasts been very different from the results, the error margin has increased over time. One need only look at the charts that show the Sensex half a year before and after the results day for the last six elections. The markets did not change direction in any, says Neelkanth Mishra.
This is the lowest amount of funds held by Indians in the Swiss banks ever since the Alpine nation began making the data public in 1997.
What the basic quarterly numbers reported by companies say
Dara Khosrowshahi has the Herculean task of repairing Uber's image, boosting employee morale and turning the business profitable for the world's most valued startup.
Sebi splits CMD post and has directed listed companies to have at least six directors and at least one of them needs to be a woman.
