Business

About C$180 million ($137.21 million) in cryptocurrencies have been frozen in the user accounts of Canadian digital platform Quadriga after the founder, the only person with the password to gain access, died suddenly in December.

Gerald

Income tax assessments will be "completely faceless", without the taxpayer having to face the taxman in about two years and the assessees will be provided pre-filled return forms as part of the government's initiative to simplify procedures, a senior government

Real estate players welcomed the tax benefits and exemptions announced in the Interim Budget which are likely to boost the realty demand, more so in the affordable segment.

Presenting the Interim Budget, Finance Minister Piyush Goyal proposed a slew of measures to boost the real estate sector which includes extending the exemption period for levy

Steel firms are putting pressure on the government to impose higher duties on imports as trade disputes and a global economic slowdown divert surplus Asian steel stocks to India, industry executives and government sources said.

Local producers are suffering from the double whammy of a rise in cheap imports and low domestic steel prices, which

Telecoms company Reliance Communications (RCom) will propose a plan to sell its telecom infrastructure assets, airwaves and real estate to resolve its debt, the firm said on Sunday.

RCom, controlled by businessman Anil Ambani, last week said it will

High interest and fuel cost continued to dampen sales for some automobile companies in January. On Friday, automobile major Maruti Suzuki India reported a marginal growth in its overall sales, including exports for January which

State-owned refiner Hindustan Petroleum Corp (HPCL) on Tuesday posted an 87.3 per cent slump in third-quarter profit, dented by higher expenses.

Net profit came in at Rs 248 crore ($34.65 million) compared with a profit of Rs 1,950 crore last year, the firm said. 

Fifte

Jindal Steel and Power reported a narrower third-quarter loss, helped by stronger revenue from its key product segments that include hot-rolled coils, sheets and plates.

The loss came in at 2.41 crore ($336,740) for the third quarter ended December 31, compared

Lenders of the cash strapped Jet Airways will restructure loans given to the airline under the 'Sashakt' scheme, State Bank of India (SBI) Chairman Rajnish Kumar said on Friday.

Speaking at a concall after the third quarter earning results on Friday, Kumar said the debt recast proposal

A fresh notification which will be the final solution to the menace of angel tax can be expected within the next five days, Department for Promotion of Industry and Internal Trade Secretary Ramesh Abhishek has assured investors and start-up founders.

While the government has ruled out striking down the angel tax law, on the pretext that money

From the announcement of a full tax rebate on an annual income up to Rs 5 lakh to a 25 per cent hike in standard deduction applicable to the salaried and pensioners, the Budget 2019 proposes few key changes to income tax laws. Once the new income tax

Reversing the declining trend of two months, the revenue collection under the Goods and Services Tax (GST) showed a marked improvement in January and stood at Rs 1,02,503 crore, crossing the Rs 1-lakh crore-mark only for the third time this fiscal.

The January

The Indian government expects the central bank to pay a dividend of Rs 69,000 crore in the next financial year beginning April 2019, a senior finance ministry source, who requested anonymity, told reporters on Tuesday.

Piyush Goyal, India's interim finance minister, in his annual budget for 2019-20 tabled in parliament last week, estimated to get

Budget 2019 proposals provide for a slew of benefits for property owners. In his Budget speech, Union Minister Piyush Goyal proposed to exempt levy of income tax on notional rent in case of a second self-occupied property. Among measures welcomed by tax

Pharma major Dr Reddy's on Friday reported a rise of 45 per cent in its consolidated net profit for the third quarter of 2018-19, at Rs 485 crore from Rs 334 crore during the corresponding period of the previous fiscal.

The Hyderabad-headquartered company,

The S-P BSE Sensex and the NSE Nifty 50 Index rose for fourth session in a row but capped gains as investors turned cautious ahead of Reserve Bank of India's three-day policy meet. Upside in equity markets was capped as gains in HDFC Bank, IndusInd Bank and Maruti Suzuki were offset by losses in ITC, ONGC, ICICI Bank and Tata Motors. The

GST or goods and services tax collections stood at Rs 1,02,503 crore in the month of January, the government said on Saturday. The official GST data for the entire first month of calendar year 2019 came

The government has provided a token amount of just about Rs 1 lakh as budgetary support to the ailing national carrier Air India which has been saddled with a debt burden of around Rs 55,000 crore.

In the Interim Budget presented by Finance Minister Piyush Goyal to Lok Sabha on Friday, an allocation of only about Rs 1,00,000 has been

Debt-laden Reliance Communications Ltd (RCom) plunged by more than half to its record low in early trade on Monday, after the company said it will seek a fast-track resolution through the bankruptcy court, National Company Law Tribunal, to resolve its

Foreign investors will remain interested in the equity market despite the 'populist' measures announced in the Interim Budget 2019-20 and its subsequent impact on the fiscal deficit target.

According to a post-Budget analysis report by HDFC Securities, foreign investors might not react negatively to the fact that government has missed its

Government poured extra money into support for farmers and a rural jobs programme, delivering on Friday in its last budget before general election due by May.

COMMENTARY:

SHASHANK MENDIRATTA, ECONOMIST, IBM, NEW DELHI

"The fiscal deficit of 3.4 per cent still looks optical for FY19, and this year we have seen low GST collections. On the revenue side,

Domestic stock markets started Monday's session on a weak note, with the Sensex falling nearly 200 points. The opening of the markets on Monday marked the first since presentation of the Interim Budget 2019-20 in Parliament last week. In early trade, the Sensex shed as

Post office, also called as Department of Post, offers nine types of small saving schemes such as saving account, fixed deposit account, senior citizen savings scheme (SCSS) account, recurring deposit account, among others. In case of some of the d

The pre-election budget of Prime Minister Narendra Modi's government, including handouts for farmers and tax cuts for the lower middle class, is likely to weigh on whoever forms the next administration, economists warned on Friday.

The government abandoned its

Domestic stock markets are likely to open lower with the SGX Nifty on the Singapore Exchange trading 0.3 per cent lower. The SGX Nifty - an early indicator of the National Stock Exchange Nifty in India - was last seen trading 36.5 points lower at 10,875 on the

The government raised its disinvestment target for 2019-20 by 12.5 per cent to Rs 90,000 crore even as less than half of the budgeted target of Rs 80,000 in the outgoing fiscal has been realised in the first 10 months.

So far, the government has raised Rs 35,532 crore from the sale of its shares in the Central Public Sector Enterprises

The Delhi Metro has been given a grant of Rs 414.70 crore in the Union Budget 2019-20 as against Rs 50 crore in the last fiscal.

Finance Minister Piyush Goyal shared the details while presenting the Interim Budget in Parliament.

According to the Delhi Metro Rail

The Securities and Exchange Board of India (Sebi) is a capital markets regulator

Union Minister Piyush Goyal on Friday proposed to increase the limit for tax deduction at source (TDS) on interest income from Rs 10,000 to Rs 40,000 per annum. The proposal will benefit senior citizens and small depositors who depend upon income from interest on

Union Minister Arun Jaitley on Friday brushed aside a leaked report that suggested a four-decade high in unemployment rate under the Narendra Modi government, terming it as an "unverified draft" that cannot be taken at face value. "I don't think that is a report.