Business

Did you know that not filing an ITR or income tax return after due date attracts a penalty? A belated income tax return attracts a "late filing fee" under Section 234F of the Income Tax Act, as per current income tax laws. An income tax return or "return of

The Reliance Industries talks to grant a minority stake in its refining assets to Saudi Aramco have hit a roadblock over the valuation and structure of the deal, two people familiar with the matter said.

State-owned Aramco, the

An increase in government borrowing runs the risk of flooding the debt market, while making it expensive for companies to borrow, according to outgoing Reserve Bank of India Deputy Governor Viral Acharya.

In a lecture shared by the RBI late on

In a major relief to the taxpayers, the Income Tax Department has extended the deadline for filing income tax return (ITR) by individuals for financial year 2018-19 by a month till August 31. The revised

Aadhaar number, a 12-digit random number, is issued by the UIDAI or Unique Identification Authority of India to the residents of the country after satisfying the verification process. Any individual, irrespective of age and gender, who is a resident of India, can voluntarily enrol to obtain Aadhaar number. Person willing to enrol is required to

Dewan Housing Finance Corp Ltd (DHFL) filed its long-delayed audited results for the quarter ended March 31 late on Monday, and revealed that its auditors had raised several red flags around its numbers, raising fresh concerns about the future

Wondering which form to use to file your income tax return (ITR)? The Income Tax Department provides a total seven forms for assessees to file their income tax return. From salaried individuals to self-employed persons and companies, a range of income

Gold prices fell on Tuesday after touching an all-time high in the yesterday's session. Gold prices fell by Rs 250 to Rs 35,720 per 10 grams in Delhi, reported news agency Press Trust of India (PTI). The fall in prices came on weak trend

Domestic stock markets moved in a range amid volatile trade on Tuesday. The S-P BSE Sensex index was stuck in a range of 231.11 points, with 38,148.63 and 37,917.52 as the strongest and weakest levels respectively in the

Domestic stock markets gave up early gains after opening on a mixed note on Wednesday, a day after the International Monetary Fund cut its growth forecast for India citing a weaker-than-expected outlook for domestic demand. The S-P

Larsen - Toubro (L-T) on Tuesday reported a net profit of Rs 1,360.5 crore from from continuing operations in the quarter ended June 30. That marked an increase of 20.46 per cent in the company's net profit compared to the corresponding

India's crude oil production in June fell 6.8 per cent from a year earlier to about 2.69 million tonnes, the lowest since February, provisional data issued by the government showed on Monday.

Natural gas output was 1.6 per cent lower at 2.64 billion cubic metres

The Reserve Bank of India (RBI) said on Tuesday it had assigned deputy governor BP Kanungo to run the monetary policy portfolio after the resignation of fellow deputy governor Viral Acharya.

Mr Kanungo, who will retain his currency management portfolio, would become the sixth member of the RBI's Monetary Policy Committee, which will next

Hindustan Unilever on Tuesday reported a 14.85 per cent rise in net profit at Rs 1,755 crore in the in April-June period. The country's largest fast-moving consumer goods (FMCG) maker had reported a net profit of Rs 1,528 crore in the corresponding period a year ago. In a regulatory filing after market hours on Tuesday, the company said its re

State Bank of India's (SBI) net banking and YONO, its mobile application, services were resumed after staying off-line for several hours, leaving thousands of customers stranded.

During the period, some of the web-based banking facilities of SBI were not available for many customers who posted complaints on the bank's official Twitter handle.

However

Japanese car major Nissan plans to cut more than 10,000 jobs around the world as part of efforts to turn itself around, Japanese media said on Wednesday, citing company sources. The cuts come after Nissan announced in May it would trim 4,800 jobs from its global workforce of around 139,000.

Nissan's net profit fell to a near-decade low in the last

The S-P BSE Sensex and NSE Nifty 50 indexes extended declines to a fourth straight day led by declines in heavyweights HDFC, HDFC Bank, State Bank of India, Reliance Industries, Maruti Suzuki and ONGC, among others. However, the losses

The rupee closed 12 paise lower against the US dollar on Monday, reported news agency Press Trust of India (PTI). The fall in rupee came on the back of losses in the domestic equity markets and a spike in crude oil prices overseas. Strength in the US dollar

Diversified conglomerate Reliance Industries (RIL) has become the top-ranked Indian company to feature on the latest Fortune Global 500 list.

The oil-to-retail major has toppled state-run Indian Oil Corporation (IOC) as the top-ranked Indian company.

RIL has

IndiGo, the country's largest airline by market share, announced new domestic flights on Tuesday. IndiGo will start daily direct flights on the Delhi-Agartala and Delhi-Dibrugarh routes, it said in a press release. IndiGo also claimed that it will be the

Reliance Jio Infocomm - the provider of telecom services under brand Jio - currently provides five plans for its prepaid customers using its 4G-enabled JioPhone devices. Priced from Rs 49 to Rs 594, these five recharge packs are meant to be used w

The due date of filing of Income Tax Return (ITR) has been extended from July 31 to August 31, the government said on Tuesday. The original due date for assessees - including salaried taxpayers and entities not required to get their accounts audited - to

National Pension System or NPS, a government-sponsored retirement planning instrument, gives the investor the option to set his or her preferred allocation to different asset classes, such as government bonds, equity market instruments and corporate debt, among other features. It gives the

Today's gold, silver rate: Gold and silver prices rose to Rs 35,970/10 grams and Rs 41,960/kg in Delhi

The IMF on Tuesday projected a slower growth rate for India in 2019 and 2020, a downward revision of 0.3 per cent for both the years, saying its GDP will now grow respectively at the rate of 7 and 7.2 per cent reflecting a weaker-than-expected outlook for domestic demand.

However, India will still be the fastest growing major economy of

The S-P BSE Sensex and NSE Nifty 50 Indexes were trading on a flat note as gains in Infosys, Reliance Industries, ITC and ICICI Bank were offset by losses in HDFC, HDFC Bank, Larsen - Toubro and Bharti Airtel. The Sensex which declined as much as 114 points, in early trades, reclaimed 38,000 mark while the NSE Nifty 50 Index was trading

State Bank of India (SBI) has over the past few weeks lowered its charges applicable to fund transfer systems. From August 1, the country's largest bank has decided to waive its charges applicable to IMPS transactions initiated through net banking, mobile banking as

Coca-Cola Co on Tuesday beat analysts' estimate for quarterly profit and raised its organic revenue forecast for the full year, driven by demand for zero sugar soda and innovations, such as the Coca-Cola Plus Coffee.

The world's biggest beverage maker has been responding to changing consumer tastes by moving beyond traditional sodas and offering

Viral Acharya will be ending his stint as deputy governor at the Reserve Bank of India with a sense of unfinished business, particularly involving the central bank's autonomy and the health of lenders.

References to these are littered across half of Mr Acharya's 14 speeches as a central banker, where he uses the word "capital" more than 150 times

A government panel has recommended banning all private cryptocurrencies and a jail term of up to 10 years and heavy fines for anyone dealing in digital currencies, which could signal the end of them in India.

The panel drew up a report and draft