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A number of changes have been announced in rules related to the Unique Identity Number (UID) - also known as Aadhaar number -  and the PAN or Permanent Account Number. While the government has allowed quoting of Aadhaar in place of PAN under the Income Tax

Hotel startup Oyo said on Tuesday it has bought local co-working venture Innov8, as the SoftBank-backed hospitality chain looks to venture into the commercial real estate business under the brand name Oyo Workspaces.

Oyo will buy Innov8 for $30 million in an

The last day for filing Income Tax Return (ITR) for assessment year 2019-20 (financial year 2018-19) is July 31. This time, the income tax department has introduced pre-filled ITR (Income Tax Return) forms for certain class of taxpayers. The department is providing

No change has been made in income-tax return (ITR) forms, only the utility software has been updated, the CBDT said on Tuesday, quashing reports circulating on social media about "large-scale changes" in the forms troubling taxpayers.

The

Lenders to Dewan Housing Finance Ltd (DHFL) are prepared to accept limited haircuts as part of a debt restructuring plan being worked out for the troubled firm, said sources involved in talks.

The country's fourth largest housing finance company,

The country's trade deficit narrowed to $15.28 billion in June from $16.6 billion in June 2018, the trade ministry said in a statement on Monday.

Merchandise exports fell 9.71 per cent to $25.01 billion in June compared with a year earlier, and imports were down 9.06 per cent at $40.29 billion, the data showed.

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Debt-laden Suzlon Energy said it defaulted on a $172 million bond payment on Tuesday, as sources aware of the matter said the wind power equipment maker was in talks with several global private equity funds to sell a majority stake.

The company's creditors, led by the country's biggest lenders State Bank of India, last week signed a

Indian Railway Catering and Tourism Corporation's (IRCTC) tourism arm IRCTC Tourism is offering a three nights and four days tour to Amarnath and Srinagar from Hyderabad. The travel from Hyderabad and Srinagar will be conducted on a SpiceJet

China's economic growth slowed to 6.2 per cent in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting US trade pressure.

While more upbeat June factory output and retail sales

The government hopes to attract more than $1 billion (Rs 6,900 crore) of investment in exploration and production blocks awarded to companies on Tuesday under new rules for auctions of oil and gas fields, oil minister Dharmendra Pradhan said.

The government awarded 32 blocks in the latest two exploration licensing rounds called the open

BSNL or Bharat Sanchar Nigam Limited has announced a new prepaid plan, called "Abhinandan-151". Priced at Rs 151, the Abhinandan-151 plan comes with a validity period of 24 days and offers benefits such as unlimited calls to any network, unlimited

The rupee gained by 15 paise to close at 68.54 against the US dollar, reported news agency Press Trust of India (PTI). The rise came due to gains in domestic equities and weakness in the greenback overseas. At the interbank foreign exchange market, the rupee opened at 68.59 a dollar and advanced to a high of 68.51 during the day. It finally

Diversified mining company Vedanta Ltd said on Tuesday it will invest $650 million in its new oil and gas blocks that it won in the government's last two rounds of auctions, chief executive of its oil and gas division Ajay Kumar Dixit said on

The S-P BSE Sensex and NSE Nifty 50 indexes were trading in a narrow range with the Sensex moving in a band of 215 points and the NSE Nifty 50 Index hitting intraday high of 11,637.20 and a low of 11,573.95. ICICI Bank, Reliance Industries,

IndiGo announced additional international flight connections at a starting all-inclusive price of Rs 7,548. The daily direct flights introduced by the carrier, will be operated on Mumbai-Dubai-Mumbai, Mumbai-Kuwait-Mumbai and Delhi-Jeddah-Delhi routes, the carrier said in a press release on Monday. The additional flights between Delhi and Jeddah

The rupee fell 17 paise against the US dollar on Tuesday, news agency Press Trust of India (PTI) reported. At the interbank foreign exchange (forex) market, the rupee opened lower at 68.59 per dollar. The domestic currency hovered between 68.59 and 68.76 against the greenback in the intraday trade to finally settle at 68.71. The depreciation came

DHFL or Dewan Housing Finance Limited shares jumped 6 per cent on Tuesday, a day after the housing finance company said it remains a "strong going entity". In a regulatory filing during market hours on Monday, Mumbai-based DHFL said that while

The S-P BSE Sensex and NSE Nifty 50 Indexes rose in Monday's session led by gains in Infosys after its profit which came in at Rs 3,802 crore surpassed analyts estimates and the company raised revenue growth guidance to 8.5-10 per cent for the current financial year. In intraday deals, the Sensex rose as much as 288 points while the Nifty 50

India is killing off the one industry that can bring badly behaving tycoons into line while nudging savers away from an unproductive lust for gold.

That industry is domestic hedge funds, which have taken seven years to reach $6 billion in investment commitments from nothing. By contrast, equity investment in India by overseas financial investors is

State Bank of India or SBI users can make credit card payments through their SBI ATM cards. The bill payment through an SBI ATM enables customer to pay their credit card dues from over 26,000 ATMs without any extra charges, according to lender's website-

The government's budget proposal earlier this month to increase taxes on those with annual incomes of more than Rs 2 crore has rattled many foreign portfolio investors (FPIs).

The realisation that the new tax likely applies to

The government will introduce rules in six months that could lead to the phase-out of monopolies controlled by natural gas distribution companies in 34 cities, including New Delhi and Mumbai, allowing consumers to choose a new supplier, a senior regulatory official said.

In 2009, Petroleum and Natural Gas Regulatory Board (PNGRB) gave

Air India has announced new flights on international routes. The airline will commence direct flights on Indore-Dubai-Indore, Kolkata-Dubai-Kolkata and Delhi-Toronto-Delhi routes, according to its official website, airindia.in. On the Delhi-Toronto route, Air

Slowing economic growth, water shortage and regulatory hurdles have taken its business sentiment in June to the lowest level since 2016, a survey by market research firm IHS Markit showed on Monday.

The aggregate of private-sector companies forecasting output growth during this year fell to +15 per cent in June from +18 per cent in February. The l

Rakesh Gangwal, the co-founder of IndiGo, said he won't sell his shareholding in India's largest airline and will maintain his stake amid a feud with his partner Rahul Bhatia.

"I am here for the long haul," Mr Gangwal, who has accused Mr Bhatia of

Domestic stock markets moved higher after initial nervousness on Tuesday, amid mild gains in Asian peers. The S-P BSE Sensex benchmark index moved in a range of 165.34 points, between 38,845.27 and 39,010.61 at the weakest and strongest levels respectively in early deals. The NSE Nifty index hit an

Indian Railways Catering and Tourism Corporation (IRCTC), the online ticketing arm of Indian Railways allows its customers to book Tatkal train tickets from its portal irctc.co.in. Tatkal train ticket service (Tatkal Railway Reservation) of Indian Railways allows

Total bad loans of commercial banks declined by Rs 1.02 lakh crore to Rs 9.34 lakh crore in the 2018-19 fiscal year on the back of steps taken by the government, Finance Minister Nirmala Sitharaman said on Tuesday.

The government has

The Reserve Bank of India on Monday said it has slapped a penalty of Rs 7 crore on the country's largest bank State Bank of India or SBI for non-compliance with norms related to NPA (non-performing asset) identification and fraud risk management, among others. The penalty has been imposed on the bank for non-compliance of income recognition and

DHFL or Dewan Housing Finance Corp Ltd shares on Monday nosedived as much as 32 per cent in intraday trade on the BSE. DHFL's share price touched an intraday low of Rs 46.70. It had closed at Rs 68.45 on Friday. The fall came after the housing finance company