Sai Manish & N Sundaresha Subramanian offer a fresh perspective on the digital wallet business.
Under the Companies Act, 2013, auditors have the responsibility of reporting frauds, at entities being audited by them.
Parekh says drafting new I-T law is hindered by the lack of experience.
The bank will have around 501 branches.
India's new tax policy which makes it mandatory to disclose foreign is not so common in developed countries.
In a major move, the government has amended service rules to ensure that Indian Administrative Service, Indian Police Service and Indian Forest Service officers maintain "high ethics" and "political neutrality" while discharging their duty.
The onus is on companies to put in place a vigil mechanism to detect and deter fraud.
Unless unique, avoid investing in IPOs.
Crypto-assets are essential to blockchain technology, which has the potential to be one of the next major growth drivers for the software ecosystem in India. A prohibition would nip this opportunity in the bud, say Vaibhav Parikh and Jaideep Reddy.
Naresh Goyal only gave an undertaking not to sell any of his 51% stake in return for raising working capital debt from PNB.
'The Jalan Committee has now provided very clear guidelines on how the (RBI's) balance sheet should be looked at, what kind of disclosures should be made, what are the principles on which the Contingency Risk Buffer should be maintained, what should be the revaluation reserves, and the market risk to the Contingency Risk Buffer.'
The Insurance Regulatory and Development Authority of India (IRDAI) has issued guidelines that will allow car dealers to become Motor Insurance Service Providers (MISP) and offer the policies of multiple general insurers, says Sanjay Kumar Singh.
Cases across the country against defaulters who owe over Rs 1 crore each, reveal CIBIL data.
Do not declare them under Income Tax.
The reason for the windfall: the soaring value of their stock awards.
Raghuram Rajan's three-year term is the shortest of any G20 country and the recent governors have been given second terms as much as seven months in advance.
In the first of a two-part series, Tamal Bandyopadhyay explains why the ICICI Bank's board first rushed to deny all allegations against Kochhar and then took the extreme steps against her.
Reflecting substantial financial stress, diversified Jaypee Group companies have defaulted on loans and other payments worth Rs 4,460 crore (Rs 44.60 billion).
The new ITR forms have shifted the entire onus on the taxpayers to prove their claim for deductions, expenses or exemptions.
Act says remuneration to directors and key managerial personnel should involve a balance between fixed and incentive pay.
Former CFO V Balakrishnan seeks exit of Infosys chairman, co-chairman R Seshasayee, co-chairman Ravi Venkatesan, audit committee chairman Roopa Kudva and nomination committee chairman Jeffrey S Lehman.
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The Securities and Exchange Board of India (SEBI) unveiled new proposals, broadening the scope of who can be held liable for insider trading violations.
Sanjay Kumar Singh tells you what to watch out for when buying insurance and investing in MFs online.
Experts say only three per cent individuals pay taxes.
If you are making any drastic changes, make sure there is adequate documentation
The Income Tax department has begun the process to examine bank deposits and transactions to check possible black money instances and said once the last opportunity to declare funds in old notes under the PMGKY scheme ends it will be very tough for hoarders.
Increase of 10% to 12% likely in a bid to improve citizens' mood after demonetisation.
The sudden exit of Yogesh Agarwal as the chairman of the Pension Fund Regulatory and Development Authority, or PFRDA, has once again brought the relationship between financial sector regulators and the finance ministry into sharp focus.
'Hum karan poochtey rahe avishvas ka, karan nahi bata payey to gale pad gaye'
NRIs could run into difficulties if they possess discontinued currency notes amounting to a high value.
Modi govt says its economic score on all coutns is very good.
Bank of America Merrill Lynch on Monday trimmed India's economic growth estimates by 30 basis points to 7.1 per cent for the current fiscal, while global financial services giant Morgan Stanley downgraded its GDP growth forecast for the current fiscal to 7.3 per cent from the earlier 7.7 per cent.
Rajiv Bansal's severance payment was Rs 17.38 crore
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According to latest data available with the market regulator Securities and Exchange Board of India, Indian firms raked in a total of Rs 35,214 crore (rs 352.14 billion) from the debt on a private placement basis route in June, a slight increase from Rs 33,759 crore (Rs 337.59 billion) garnered in May.
Sebi to fix promoters' side deals with PE investors
A long crisis with a lack of sound short-term, long-term actions can result in sluggish growth in India, similar to that in Japan.
Sahara and its founder Subrata Roy have been under scrutiny for years over its financial products, including for possible money laundering.
Mallya offered to pay Rs 4,000 crore (Rs 40 billion) as settlement.
The S&P BSE Midcap and S&P BSE Smallcap indices gained 0.4% and 1%, respectively
The disclosure comes hours after Cameron admitted that he could have handled the tax row arising out of the Panama Papers leak "better", saying he will imminently publish details of his personal tax affairs.
