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Angel Tax: A third of start-ups got tax notices in 2018

Over 38% of the start-ups in the country — 39,000 at last count — have received one or more ‘angel tax’ notices in 2018, causing critical capital infusion in these firms at the seed stage to g

Angel Tax: A third of start-ups got tax notices in 2018

Facebook tightens political advertising rules in election year

Facebook told Reuters on Tuesday that it would extend some of its political advertising rules and tools for curbing election interference to India, Nigeria, Ukraine and the European Union before signi

facebook, technology, social media News

Currency pain: Rupee remains weak in forward market

While the rupee weakened to a new one-month low of 71.40 against the dollar on Wednesday, the movement of non-deliverable forwards (NDF) saw the one-month low of Rs 71.53.

rupee, dollar, currency News

IT stocks lead rally: Sensex surges 465 points on hopes of rate cut

Experts, however, say crude remains volatile and may lead RBI to wait and look at data for another quarter before reducing rates.

sensex, bse, nse News

Digital payments: Small shops get banks’ backing for lower UPI charges

If proposal accepted, eligible merchants will not need to shell out MDR or fee charged by banks for offering payment acceptance.

rbi, banks, digital payments News

GST net: Spotting tax evasion easier under new regime

As a multi-stage levy, the goods and services tax (GST) was supposed to make evasion difficult, but the figures for the first nine months of the current fiscal show either evasion has increased or its

gst, gstn News

Karnataka Crisis: Two MLAs withdraw support to HD Kumaraswamy govt

A day after Congress minister DK Shivakumar alleged MLAs were being lured to topple the Congress-JD(S) government in Karnataka, two Independent MLAs on Tuesday withdrew support to the government led b

HD Kumaraswamy, karnataka, karnataka political crisis News

Trade winds: Imports shrink after 27 months, exports up marginally

Merchandise export growth slowed for a second straight month to just 0.34% in December 2018.

trade, trade deficit News

No deal on Jet Airways, says Qatar Airways

Qatar Airways CEO Akbar al-Baker on Tuesday said that the company will not buy a stake in the cash-strapped Jet Airways as a 24% stake in the airline is held by Etihad Airways, whose owner Abu Dhabi i

qatar airways, jet airways, aviation sector, aviation industry News

No exit route: Only two sick PSUs wound up since 2014 as closure plans are stuck

The under-achievement in liquidating terminally sick CPSEs is being ascribed to stay orders put by courts (mostly on petitions filed by workers’ unions and banks), delays in disposal of lands and ot

Economy News

Snooping row: Supreme Court asks for govt reply on pleas in six weeks

A bench led by chief justice Ranjan Gogoi issued notice to the Centre and sought its response on the surveillance order within six weeks.

India News

Plugging loopholes: e-commerce firms like Amazon, Flipkart asked to store payments data in India

Electronics & IT ministry asks DIPP to incorporate storage norms in e-commerce policy

Industry News

Investor role: Sachin Bansal invests Rs 150 crore in Ola

Flipkart co-founder Sachin Bansal is understood to have picked up a stake worth $21 million (about Rs 150 crore) in ANI Technologies which owns ride-sharing platform Ola Cabs. The latest fundraise by

Industry News

CPI inflation at 18-month low, boosts chances of dovish policy

Retail inflation hit an 18-month trough of 2.19% in December 2018 and wholesale price inflation touched an eight-month low of 3.80%, as a deflation in food articles persisted and price pressure in fue

Economy News

Q3 results: Dull festive season, farm distress hit numbers; IT, pharma, banks rebound on weak rupee

Weak Rupee helps IT and pharma, banks see a rebound too, but dull festive season, farm distress hit a cross-section of firms

Industry News

Farm relief: Modi government’s cash transfer to cover 90% of sown area

Cash transfer of Rs 4,000/acre in a year by the Centre for land-owning farmers appears to be the proposal that has gained the most traction.

Economy News

FE Best Banks Awards: Right now, fintechs helping banks serve the unbanked, so it is a win-win

Can banks come up with models for flow-based lending as fintechs are, can they lend profitably to MSMEs?

Industry News

Speed breaker: PNB’s stake sale in housing arm gets delayed

The sale was part of PNB’s efforts to comply with a government directive to state-owned banks that are weighed by bad loans to sell non-core assets and improve the capital ratio.

Banking & Finance News

Lok Sabha Elections 2019: SP, BSP to contest 38 seats each, no pact with Congress

Rivals put past behind, vow a ‘long-term’ alliance

India News

Year of SUVs: Of 20 possible car launches in 2019, 15 are utility vehicles

At least 15 of the possible 20 product launches in FY20 are believed to be in the category of utility vehicles by Tata Motors, Nissan India, Mahindra & Mahindra and Hyundai, among others.

Industry News

Big money in small films: Advertisers renew interest in promotions within low-budget movies

The increase in advertiser interest can be gauged from the in-cinema ad buys for January.

Entertainment News

Have cracked the formula for BJP defeats: SP president Akhilesh Yadav on tie-up with Mayawati’s BSP

SP chief says learnt the ginti which led to the defeat of BJP in the Gorakhpur and Phulpur Lok Sabha bypolls

India News

Fresh curbs by DIPAM on CPSE arms and JVs

The DIPAM’s contention is that investments in CPSE subsidiaries are often not giving any/enough returns to the government as the promoter.

Industry News

Call Waiting: Reliance Jio, RCom get three weeks more to resolve DoT liability issue

The apex court had maintained that the department of telecommunications (DoT) would give the required no objection certificate to the deal only after RCom and RJio resolved the issue between themselve

Industry News

Infosys reports 12% decline in Q3 profit, announces Rs 8,260-crore share buyback

Infosys posted its October-December earnings which were lower than analysts’ estimates as subdued growth in services and cautious spending by clients created pressure.

Industry News

Worry lines: IIP growth hits 17-month low in November

Industrial output grew just 0.5% in November 2018, the lowest since June 2017 when companies had trimmed production to offload inventory.

Industry News

Rural distress: FM Arun Jaitley hints at greater support to farmers

Finance minister Arun Jaitley on Friday hinted at greater support to farmers to recover from distress and listed steps initiated by the current regime to improve the lot of the middle class and the po

Economy News
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