The studies found that sectors with the highest unaccounted income included real estate, mining, pharmaceuticals, pan masala, gutkka and tobacco, bullion and commodity markets, film industry, educational institutes and professionals.
The Reserve Bank of India on Friday decided to leave benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance as the economy faces heat of the second Covid wave.
Says CISCO executive chairman John Chambers, who's 'met every leader in the world, and got to know them very well.'
The country's largest lender SBI on Thursday reported a 4.20 per cent decline in consolidated December quarter net at Rs 6,257.55 crore, largely because of a higher base in the year-ago period where it had benefitted from a Rs 4,500 crore one-off income. On a standalone basis, the city-headquartered lender's net profit came in at Rs 5,196.22 crore as against Rs 5,583.36 crore in the year-ago period and Rs 4,574.16 crore in the preceding September quarter. SBI chairman Dinesh Kumar Khara told reporters that the year-ago period had seen the resolution of the Essar Steel loans, resulting in an over Rs 4,000 crore interest income and Rs 500 crore other income benefit.
A panel will draft direct tax legislation, keeping in mind the system in other countries, international best practices and economic needs of the country
Finance Minister P Chidambaram in his Budget speech said the government will soon bring out a Special Economic Zone Bill and a new trade policy. Take the Rediff Business Quiz and find out how much you know about the special economic zones in India.
Nikesh Arora is one of the highest-paid business leaders globally.
Who are the big winners of the night? We tell you!
An entrepreneur must have the courage to act on great ideas and plans, says Satanik Roy.
There is a vocal constituency of educated, well-to-do, articulate Indian elites who would rather go with the idea that too much democracy is a liability. That India needs a spell of benevolent dictatorship. Of course, they have never lived under one, points out Shekhar Gupta.
Ganguly, only the second Indian captain to take charge as the BCCI chief, sounded a pleased man on his first day at his new office at the BCCI head office
'The probability of this being a suckers' rally, where all kinds of beaten down stocks have begun to rally sharply, should be a time to be cautious and circumspect.'
British Airways covers over 150 destinations in 75 countries while in India the carrier operates 49 flights a week from London's Heathrow airport to Mumbai, New Delhi, Chennai, Bengaluru and Hyderabad.
'The more the news media weakens, especially at this juncture of economic ruin with lay-offs and wage cuts, the more the owners and journalists weigh their value in terms who they are close to, the more they depend on the State to bail them out of trouble, slow-fry their rival, the faster it pushes us towards institutional destruction,' warns Shekhar Gupta.
Employees asked to work from home... cancelled travel plans... curtailed meetings... Caution and precaution dominate Corporate India's response to Covid-19.
Rediff readers tell us what their first salaries meant to them.
Manvi Gandotra's journey will inspire you all.
Their warning came on the last official day of campaigning before polling booths open at 7 am local time on Thursday with the final result expected early on Friday.
The top posts on social media from your favourite Bollywood celebrities.
Long before he became a superstar, long before he summoned the courage to tell his father Rakesh Roshan that he wanted to become an actor, Hrithik Roshan was seized by self doubt.
Employees are the pillars of any company. Diwali is here and it is time to make them feel special. Bring a smile on your employees' face with an amazing Diwali gift. You may have decided to give your employees a bonus but a small gift is like an investment which will fetch benefits throughout the year.
'Premature lifting of the lockdown will spread the disease from asymptomatics, and those undetected, to the whole community, ushering in prolonged misery, preventable and avoidable deaths, famine and social unrest,' warns Dr Debashish Danda.
Images from the FIFA World Cup qualifying matches on Sunday night.
We invited you, our dear readers, to share your unusual summer pictures with us and here is a fresh set of responses.
Let's go to Australia with Divyanka!
As the number of cases crossed 2,56,000 with more than 7,100 fatalities, according to Union health ministry figures, and the country made a calibrated exit from the lockdown in non-containment zones, shop shutters in many malls went up for the first time since March 25 but the sprawling retail places were eerily empty.
'Tamhane's densely composed shots achieve what a vacuously whizzing camera seldom does.' 'Like those Renaissance Paintings in which a bewitching lady is shown posing for a portrait, and daily life plays out in a corner unruffled, Tamhane's static frames have a hundred interesting things happening within them,' observes Sreehari Nair.
Fund manager Gautam Sinha Roy shares what he has learnt from Warren Buffett, after attending Berkshire Hathaway AGMs over the years
In the category of top 10 cities, Chennai has been ranked ninth
In an offline chat, mind/life coach, NLP trainer and Mental Health Guru Anu Krishna encourages Rediff.com readers to talk about their problems and offers solutions.
or every elite athlete at the business end of their careers, a situation comes where they have to take a hard call, believes former India captain Sourav Ganguly.
The issues include not getting refunds on airline and hotel bookings, getting charged a service fee even if airlines have waived cancellation charges and so on. Complaints are piling up on Twitter, Facebook and other social media channels as more and more people cancel their travel plans due to the ongoing Covid-19 pandemic.
'If the RBI blesses us with a banking licence, we would like to launch a successful bank.'
Eight of the 30 companies in the BSE Sensex that shared data reported 99 fatalities in 2016-17 against 86 in the previous year. These lives were lost due to industrial accidents at manufacturing facilities. Fatalities owing to road accidents were excluded from the count.
Wellness expert Roopashree Sharma tells you how you can use natural methods to improve your health.
One should appreciate the sagacity and audacity of JRD and Nani Palkhivala in founding TCS on April 1, 1968. At that time there was no Microsoft or Intel, SAP or Accenture, much less Google.
They needed a person who could build and execute their vision: A frontiersman; a problem solver and an institution builder. It was their and India's good fortune that Faqir Chand Kohli more than measured up to their requirements and indeed laid the foundation to take TCS to unimaginable heights and to the giant success that it is today. Shivanand Kanavi salutes the incomparable F C Kohli, who passed into the ages last week.
'I will get an opportunity to talk about my game with big stars like Ben Stokes, Steve Smith, Jos Buttler.' 'I hope to learn a few things from them and I am confident of doing well,' says the top-scorer in the Under-19 World Cup who will play for the Rajasthan Royals this IPL.
'My mother has taught me time management and the fact that women should be independent and have a purpose in life. They should always be ambitious and yet, not let the house suffer.'
