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CBI vs CBI: Maintain status quo, Delhi High Court tells the investigation agency

Asthana has been at loggerheads with CBI director Alok Verma, and both have levelled serious charges at each other.

Bad news for Chanda Kochhar: Law firm pulls back clean chit, says ICICI Bank

ICICI Bank on Tuesday said a leading law firm has taken down a 2016 report exonerating the bank’s former head Chanda Kochhar from charges of nepotism and conflict of interest with regard to loans gi

Mounting trouble: IL&FS defaults cross Rs 4,000 crore with another miss of Rs 348 crore

IL&FS, on Tuesday, said it has defaulted on Rs 348 crore of debt that was due in three separate repayments on October 19, 20 and 22, taking the total amount in missed repayments till date to Rs 4,272

Bidding war: Arcelor increases bid for Essar Steel to Rs 42,000 crore

ArcelorMittal has agreed to make a bigger offer of Rs 42,000 crore for the debt-laden Essar Steel, following negotiations with lenders to the company, senior bankers have indicated to FE.

CBDT Data FY14-17: Crorepati taxpayers rise by nearly 70%, returns filed rise by 80%, gross income up by 67%

80% rise in returns filed, 67% increase in gross income reported, but lower growth in tax mop-up

IL&FS crisis: SFIO to summon former directors, bailout by govt ruled out

Bailout by govt ruled out; new board may consider sale of some group firms

Russia’s VTB seeks apex court approval to bid for Essar Steel

Crinium Bay Holdings, a member of Russia’s VTB group, has moved the Supreme Court seeking permission to bid independently or jointly with “a suitable partner” for embattled Essar Steel (ESIL).

Demonetisation Impact: Just 1.5 lakh tax returns vs 23.5 lakh notices sent

Twenty one months after the launch of Operation Clean Money (OCM) to find out how much of the demonetised currency that returned to the banking system during the November 9-December 2016 window is tax

Q2 earnings: Margins pressured as input costs soar

Revenues do well but not enough to offset the much faster increase in raw material costs.

At Rs 1 lakh crore, India’s used car market could be more than half of new car market – what’s attracting buyers here

At more than Rs 1 lakh crore in 2018-19, business in the used-car market could be more than half that done in the new car market.

Number of Taxpayers goes up by 70%, collections down by 34% in April-August period – interesting details here

E-returns filed by individual taxpayers grew 70% annually to 5.4 crore in the April-August period of the current financial year.

Less PSUs, less imports: Private peers beat PSUs in raising output

As the government mulls ways to substitute certain commodity imports through higher local production, it will do well to undertake a comprehensive review of the performance of key public-sector units

Advertisers to spend more on digital videos, TV to lose its share in upcoming time; here’s why

Advertising spends on digital video platforms are tipped to grow by about 50% this year.

Fastest 4G: Reliance Jio beats Airtel, Vodafone, Idea to clock highest speed in H1 FY19

Reliance Jio clocked the highest 4G data download speed for six consecutive months during the first half of the current fiscal with an average throughput of almost 20 Mbps.

Digital Advertising: Brands choose OTT over social media – brand safety, targeted users are key factors here

OTT is increasingly carving out a bigger slice of the digital advertising pie for itself, with targeted offerings and a brand safe environment.

Sensex, Nifty drop over 1%: Investors lose Rs 4 lakh crore

Investors have lost close to Rs 4 lakh crore in the last two trading sessions alone; the total wealth eroded since September is now Rs 22.3 lakh crore.

RBI against idea of setting up separate regulator to deal with payments system

Tells government panel payments system a sub-set of currency, which is regulated by central bank.

Atal Pension Yojana: PRFDA seeks Centre nod to double pension limit to Rs 10,000, relax upper age limit

To make the Atal Pension Yojana (APY) more attractive, the Pension Fund Regulatory and Development Authority (PFRDA) has sought the government’s nod to double the guaranteed minimum pension under th

Essar Steel creditors declare ArcelorMittal as highest bidder at Rs 42,000 crore

Declared highest bidder by CoC to acquire the bankrupt firm, pips Anil Agarwal’s Vedanta.

India’s dominance in this sector faces competition from China; here’s what commerce ministry report shows

India's comparative advantage in the crucial telecommunications, computer and information services trade has eroded in recent years, while China’s has improved.

Rich India! The country has 7,300 millionaires in 2017-18, wealth dominated by property and real assets

India's millionaire club added 7,300 in the year through mid-2018, driving up its total number of dollar-millionaires to 3,43,000, with 1,500 of them holding wealth over $100 million each, according t

Aadhaar-based eKYC: No discontinuation of mobile services, says government

Not mandatory for subscribers to get re-verified using alternative paper-based documents.

Big relief: Petrol, diesel prices cut for the first time in two months on softer crude

Oil marketing companies on Thursday reduced the prices of petrol and diesel, for the first time in over two months, citing a drop in their cost of production.

Former SBI Chairman Arundhati Bhattacharya joins Reliance Industries’ board

Former SBI chairman Arundhati Bhattacharya has joined the Reliance Industries board as an independent additional director, the Mukesh Ambani-led conglomerate said in a regulatory filing.

#MeToo fallout: MJ Akbar resigns as MoS External Affairs

MJ Akbar is the first minister who has had to resign in this government after a media firestorm.

Reliance Jio July-September quarterly result: Mukesh Amabani-led teleco maintains upward ride

Posts profit for fourth consecutive quarter, but growth of operating metrics slowing down.

Reliance Industries acquires Den-Hathway, gets 24 million ready users

The deal will help Jio achieve chairman Mukesh Ambani’s next target of acquiring 50 million wired broadband subscribers.

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