Business

Employees' Provident Fund or EPF is a mandatory contribution from the salary of an individual that every organisation with more than 20 employees has to deduct. Employees' Provident Fund Organization (EPFO) is the nodal agency that monitors EPF

Cathay Pacific announced the shock resignation on Friday of its CEO Rupert Hogg, days after the Hong Kong carrier was censured by Beijing because some staff had supported pro-democracy protests in the city.

In a statement posted on the Hong Kong stock exchange on Friday, Cathay Pacific said Rupert Hogg had resigned "to take responsibility as a

The playing field in India's rapidly expanding market for digital payments is poised to get more crowded as the country races to catch up with China in squeezing out the use of cash, according to the head of the South Asian nation's payments network.

That means Indians will continue to face a bewildering array of payments apps provided by Facebook,

India Post provides a range of financial and retail services, besides offering mailing services. It offers several types of accounts such as savings account, fixed deposit account, monthly income scheme account, senior citizen savings scheme (SCSS) account and

Amid buzz of talks between the Finance Ministry and the Prime Minister's Office over a stimulus to revive growth, a report has said that the government has limited scope to provide a fiscal stimulus given the fiscal constraints.

Markets have shown slight recovery over the news that the government is working on a stimulus package for India

Domestic stock markets started Friday's session on a lower note, amid losses in Asian peers. The S-P BSE Sensex index lost as much as 337.12 points to touch 36,974.41 on the downside in early trade, and the broader NSE Nifty benchmark declined to 10,924.30,

Most commercial banks in the country such as State Bank of India (SBI) offer income tax benefits under a special type of fixed deposit (FD) account. This income tax benefit can be availed by the eligible assessees against their

The S-P BSE Sensex and NSE Nifty ended Friday's volatile session on a flat note as gains in ITC, Axis Bank, Maruti Suzuki, IndusInd Bank and Power Grid were offset by losses in Tata Consultancy Services, HDFC, Reliance Industries, HDFC Bank and Hindustan Unilever. The benchmarks opened lower with the Sensex falling as much as 337 points and

With one trading session left, domestic stock markets are set to finish the week on a lower note. While the S-P BSE Sensex index has shed 270.38 points - or 0.72 per cent - in two days, the broader NSE

Sovereign gold bond (SGB) scheme, a government-run scheme, allows gold investments in non-physical form. The Sovereign Gold Bond (SGB) scheme comprises government securities denominated in gold wherein investors are required to pay the

The S-P BSE Sensex and NSE Nifty 50 Indexes erased losses and turned flat as gains in ITC, Maruti Suzuki, Axis Bank, Infosys and Bajaj Finance were offset by losses in Tata Consultancy Services, Reliance Industries, HDFC Bank and HCL Technologies. The equity benchmarks opened lower with the Sensex falling as much as 337 points and the NSE

IndiGo started daily operations on the Delhi-Agartala route. IndiGo is the first airline to operate flights on this route, the airline said in a statement. The carrier is offering flight tickets at a starting all-inclusive price of Rs 3,999 on the newly-launched route.

The last day to file income tax returns for assessment year 2019-20 (financial year 2018-19) is August 31, 2019. The income tax (I-T) department cautions that the income tax payers should not resort to the last minute rush and file their income tax (I-T) returns as

IDBI Bank shares fell as much as 11.94 per cent to hit a new 52-week low of Rs 23.95 after the state-run lender on August 14 post market hours reported that its net loss in April-June period widened to Rs 3,801 crore as against loss of Rs 2,410 crore in the

The Income Tax Department has set August 31 as the due date for assessees to file their income tax returns (ITR) for financial year 2018-19 (assessment year 2019-20). Missing the last date attracts penalty charges, according to income tax

The All India Motor Transport Congress has decided to not buy new trucks for the next six months following a sixty per cent slump in its business which it blames it on multiple government policies including 28 per cent goods and services tax (GST), 2 per cent cess on diesel, 2 per cent tax deduction at source (TDS) on cash withdrawals and

Hero MotoCorp, the country's largest two-wheeler manufacturer, on Friday said that their manufacturing facilities will be closed till August 18, owing to "demand scenario".

Hero MotoCorp indicated it is undergoing a stressful period as it said: "While this has been part of the

Sun Pharmaceutical Industries has entered into a Rs 240-crore global licensing deal with the Indian Institute of Chemical Technology, Hyderabad under the Council of Scientific and Industrial Research Indian (CSIR) for developing new drugs. The company

High prices prompted Asian consumers to sell back physical gold this week to lock in profits, though price dips still attracted buying as economic jitters burnished the metal's appeal as a haven from risk.

Interest in silver was also firm, with some consumers seeing it as undervalued, dealers said.

Global benchmark spot gold hit a

Crude oil prices rose more than 1 per cent on Friday following two days of declines, buoyed after data showing an increase in retail sales in the United States helped dampen concerns about a recession in the world's biggest economy.

Brent crude was up 68 cents, or 1.2 per cent, at $58.91 a barrel at 0650 GMT (12:20 pm in India), after

Stock markets on both sides of the Atlantic saw hefty losses Wednesday, gripped by fears for the global economy following poor Chinese and German data and as key US bond benchmark signalled more trouble ahead. The Dow Jones industrial average suffered its

The rupee recovered from early lows to close higher by 13 paise at 71.14 against the US currency on Friday in line with firm local equities, defying gains in the greenback overseas and foreign capital outflows.

The rupee opened on a weak note and fell to a day's low of 71.47 due to

Indiabulls Housing Finance (IBH) shares fell nearly 10 per cent on Friday, after rating agency Moody's Investors Service downgraded the mortgage lender's corporate family rating to "Ba2" from "Ba1". The credit ratings agency also changed its outlook to

Sentiment towards most Asian currencies worsened in the past two weeks, a poll by news agency Reuters showed, as a bitter tariff war between the world's two biggest economies sent investors scurrying to safer assets, raised doubts about growth and rang recession

The government is unlikely to announce any economic stimulus before Monday as more meetings are being planned to discuss a package, a government source said.

Prime Minister Narendra Modi on Thursday held a meeting with officials to discuss steps to

Domestic stock markets trimmed losses in late morning deals on Friday as buying emerged in automobile stocks, amid losses in global peers. At 11:00 am, the S-P BSE Sensex index traded 100.24 points - or

The due date for assessees to file their income tax return (ITR) for assessment year 2019-20 (financial year 2018-19) is August 31, 2019. ITR is a prescribed form through which the particulars of income earned by an assessee in a financial year are

A recession is coming.

But despite this week's warning signs, we have little idea when. It could be imminent, or the economy could chug along until the heat death of the universe or, as we might call it, the Greatest Depression.

How bad will the next recession be?

Among Mumbai's glitziest society events over the past year were two weddings in the family of Mukesh Ambani, the Indian tycoon who in 2018 became Asia's richest person. In December, his 27-year-old daughter Isha got married in a Bollywood-style extravaganza attended by global

India is reviewing an audit report on data practices of WhatsApp Inc. to ensure compliance with local rules before permitting a nationwide debut of the Facebook Inc.-owned company's long-delayed payments service.

"We have received the data