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Reliance Industries Ltd’s telecom unit Jio pipped rival Bharti Airtel to become India’s second-largest operator by subscribers as of May, government data showed. Jio, controlled by Asia’s richest man Mukesh Ambani, has disrupted the telecom industry in the country since it was launched in 2016, offering cheap bundles and prompting shutdowns.

03:56:06 on 19 Jul

Read more at Reuters

Oyo Hotels and Homes founder Ritesh Agarwal has agreed to invest $2 billion to increase his stake in the SoftBank-backed Indian lodgings startup. Agarwal will buy shares from existing investors Lightspeed Venture Partners and Sequoia India, which will remain, backers of the startup, the company said in a statement.

03:28:32 on 19 Jul

Read more at The Print

Video streaming company Netflix will roll out a cheaper mobile-only plan in India as it looks to woo viewers amid growing competition from Amazon Prime Videos and other local players. The premium content platform also believes that growth in the Indian market is a marathon; and that it is witnessing steady progress here.

01:27:02 on 19 Jul

Read more at Deccan Chronicle

Gold prices on July 18 rose by Rs170 to Rs 35,670 per 10 gram in the national capital, while silver zoomed ₹910 to ₹41,100 per kg on positive overseas trend and fresh buying by industrial units and coin makers. Despite gold losing steam overseas, the precious metal saw upward trend due to rise in domestic demand, traders said.

06:36:51 on 18 Jul

Read more at The Hindu

eBay has agreed to buy a 5.5% stake in e-commerce marketplace Paytm Mall in a renewed attempt by the San Jose, California-based company to grab a foothold in India’s fast-growing and intensely competitive online retail market. The companies did not disclose the value of the transaction in a joint statement on Wednesday.

10:46:29 on 18 Jul

Read more at Livemint

In what could be a major change in how the government allocates funds for national security, the Union Cabinet Wednesday asked the Finance Commission to consider if “adequate, secure and non-lapsable” funds could be provided for defence and internal security. It also extended the term of the Fifteenth Finance Commission by a month to November.

09:35:43 on 18 Jul

Read more at Indian Express

Gold prices in Delhi fell by Rs. 70 per 10 grams to Rs. 35,500 per 10 grams on Wednesday, amid low demand from jewellers and weakness in the global markets. With the mild loss on Wednesday, the price of gold in the national capital gave up some of the gains registered in the previous session.

06:19:21 on 17 Jul

Read more at NDTV

ICICI Bank announces the launch of a new digital platform curated specially for MSMEs and self-employed customers to enable them to undertake their business banking transactions digitally and instantly. Called, ‘InstaBIZ’, it allows customers to avail as many as over 115 products and services in a digital and secure manner on their mobile phone or any banking platform.

05:14:53 on 17 Jul

Read more at Economic Times
Indigo Blues: When partners clash

The dispute over corporate governance between the two co-founders of IndiGo Airlines, only gets more bitter by the day with letter-bombs being dropped by the warring promoters. There are questions now raised on what is the way forward at airline, what messaging does it send out to institutional investors & also what remains the role of regulator in an imbroglio like this.

12:44:13 on 17 Jul

Read more at Hindustan times

Earlier this month, HDFC Bank had warned its internet banking customers to be aware of fraudsters who are using the AnyDesk app to steal money through the UPI. Now, the German software company AnyDesk Software GmbH Germany are detailing the security measures they have put in place to prevent fraudsters from using their remote desktop management app to steal money.

03:56:20 on 16 Jul

Read more at News 18

Domestic equity benchmark BSE Sensex jumped over 100 points in early trade on 16 July driven by gains in banking stocks, amid mixed cues from global markets. The 30-share index was trading 104.83 points, or 0.27%, higher at 39,001.54 at 09:45 a.m. Similarly, the broader Nifty rose 29.25 points, or 0.25%, to 11,617.60.

12:05:31 on 16 Jul

Read more at The Hindu

Gold prices on Monday declined by Rs. 100 to Rs. 35,470 per 10 grams, reported news agency Press Trust of India (PTI). The fall in gold prices came due to profit-booking and subdued trend overseas. Tracking gold, silver also fell by Rs. 25 to Rs. 39,175 per kg on reduced offtake by industrial units and coin makers.

09:10:02 on 15 Jul

Read more at NDTV

The Narendra Modi government is looking to substantially increase buffalo meat exports in its second term, by tackling a scourge that has kept India off-limits for one of the biggest beef markets, China. Indian buffalo meat is primarily popular in Asian countries on account of its lower cost, and FMD concerns have currently kept Europe away as a customer.

09:48:02 on 15 Jul

Read more at The Print

Here are two startups using advanced technologies to solve diverse issues. Impactify is a digital solutions provider to the social sector, including non-governmental organizations and
Unicommerce provides software-as-a-service (SaaS) tools to small sellers and brands in order to help them manage their supply chain for online orders

09:15:02 on 15 Jul

Read more at Livemint

How to Increase Your eCommerce Sales by 10% With Email Marketing // You could be making 10% more money tomorrow. The tips I’m going to share with you today can increase eCommerce sales by upwards of 10% right from the moment you start implementing them. So if you want to learn how to sell products easily through Email Marketing, keep watching.

08:10:04 on 15 Jul

Read more at Neil Patel

India’s plan to issue foreign currency debt has no real benefit and is fraught with risks, according to former Reserve Bank of India governor Raghuram Rajan. The plan to sell bonds overseas comes as India faces shrinking options to raise funds as a slowing economy crimps tax revenues.

04:45:03 on 13 Jul

Read more at Livemint

Rising for sixth month in a row, retail inflation rose to 3.18 per cent in June due to costlier food products such as grains, pulses and protein-rich items meat and fish, government data showed Friday. The Consumer Price Index (CPI)-based retail inflation was at 3.05 per cent in the preceding month of May 2019.

08:12:01 on 12 Jul

Answering critics of her maiden Budget, Finance Minister Nirmala Sitharaman on Friday said every estimate in the Budget 2019-20 was "realistic" and that the focus on agriculture and investments lay a foundation for nearly doubling the size of the economy to USD 5 trillion in five years.

05:12:02 on 12 Jul

Domestic equity benchmarks BSE Sensex and NSE Nifty started on a choppy note Friday ahead of inflation and factory output data releases. After jumping over 100 points in opening trade, the 30-share index pared all gains to trade 6.14 points, or 0.02 per cent, lower at 38,816.97 at 0945 hours. Similarly, the broader Nifty fell 6.30 points, or 0.05 per cent, to 11,576.60.

10:40:47 on 12 Jul

Read more at The Hindu

Senior Congress leader and former Finance Minister P. Chidambaram on Thursday branded the government's target of making India a $5 trillion economy in five years a "pie in the sky". He also said that there was nothing in the just unveiled budget for the middle class or firm action to raise household savings.

04:47:04 on 11 Jul

Read more at DT Next

Less than a week after Finance Minister Nirmala Sitharaman presented the Union Budget, a data anomaly related to the document is in the news. What more? The anomaly amounts to as much as Rs 1.7 lakh crore. Here is a lowdown on what the issue is all about.

07:20:02 on 10 Jul

Read more at The Quint

InterGlobe Aviation Ltd shares tumbled as much as 20% on Wednesday morning as the squabble between its founders intensified. InterGlobe runs IndiGo, India’s largest airline. The stock now trades at ₹1,377 a piece. Reports of differences between the two promoters, Gangwal and Bhatia have been doing the rounds for a while.

06:20:23 on 10 Jul

Read more at Livemint
Can India become a $5 trillion economy?

“India has unveiled an ambitious plan to transform itself into a $5 trillion economy over the next five years. For perspective, that would take the second most populous country in the world into the third spot after the United States and China. But it’s not going to be easy, and even the government accepts that. Experts say there are many bottlenecks.

05:41:03 on 10 Jul

Read more at BBC

Presenting the Rajasthan state Budget, CM Ashok Gehlot on Wednesday announced a Rs 1,000 crore fund for farmers’ welfare besides a Rs 50 crore Mahatma Gandhi Institution in Jaipur, which will also house a Gandhi Museum. Calling it a “people’s Budget”, Gehlot also announced Janta Clinics, on the lines of Delhi’s Mohalla Clinics, to provide free and accessible treatment.

03:12:57 on 10 Jul

Read more at Indian Express

India is among 47 lower middle-income nations in the world. Along with Bangladesh and Bhutan, India's status remains unchanged since 2009 when it transitioned to Lower Middle Income Economy from low-income one. India is the only lower middle-income country even among BRICS nations. Countries with a GNI per capita of less than $1000 are low-income economies

07:12:01 on 09 Jul

Read more at Databaaz

Zee Media Corporation Ltd Tuesday said its Managing Director Ashok Venkatramani has resigned from the company. Venkatramani, an alumnus of IIM Ahmedabad and Harvard Business School, has over three decades of experience in sales and marketing. Zee Media's news channel network comprises 14 television channels including four national news channels.

04:01:42 on 09 Jul

Read more at NIE

The BSE Sensex tanked over 900 points while the broader Nifty 50 was down over 280 points in Monday’s noon trade. With today’s fall, the benchmark Sensex has lost over 1,000 points post-Friday’s Budget. The NDA government’s move to tax share buybacks and hike minimum public shareholding in listed companies were among the domestic reasons that disappointed investors.

10:12:01 on 08 Jul

Read more at Indian Express

A government panel is examining all issues related to cryptocurrencies, including the pros and cons of the introduction of an official digital currency in the country. Cryptocurrencies are not recognised as legal tenders in the country and the issue of allowing trading in such currencies is being examined by the government, Union Minister Anurag Thakur said Monday.

09:27:01 on 08 Jul

Read more at Indian Express

The airline, owned by IAG, says it was "surprised and disappointed" by the penalty from the Information Commissioner's Office (ICO). At the time, BA said hackers had carried out a "sophisticated, malicious criminal attack" on its website. The ICO said it was the biggest penalty it had ever handed out and the first to be made public under new rules.

01:35:02 on 08 Jul

Read more at BBC

The shares of Punjab National Bank (PNB) fell over 10 per cent on Monday after it reported a borrowing fraud of Rs 3,805 crore in Bhushan Power & Steel Ltd's account. The stock fell as much as 10.33% to Rs 73.30 per share on the BSE. At 10:20 AM, the stock was trading at Rs 73.90, down 9.6%. In comparison, the BSE Sensex was trading 1% (419 points) lower at 39,904.

12:25:02 on 08 Jul

Read more at News 18

Stocks in Asia retreated as investors turned their attention to upcoming testimony from the Federal Reserve chairman after a strong jobs report cast doubt on the pace of rate cuts. Turkey’s lira fell after its central bank governor was replaced. Shares in Seoul bore the brunt of losses as political tensions weighed on the technology sector.

07:11:10 on 08 Jul

Read more at Bloomberg

In the Union Budget speech, the topic of health was nearly absent. Aside from a single line in the vision statement and a couple of paragraphs on Swachh Bharat, the customary focus on health and healthcare was missing. But one wonders how those who have voted massively for this government would view the divergence from what the BJP’s election manifesto had promised.

03:10:01 on 06 Jul

Read more at The Wire

Budget 2019 began with a goal of making India a $5 trillion economy by 2024-25. And to achieve that, the Budget provides a mixed bag of measures to boost financialisation of household savings. It talked about strengthening the financial markets, in general, and incentivising financialisation of household savings, in particular.

09:10:05 on 05 Jul

Read more at The Print

TCS and HUL are among at least 100 Indian companies that may need to sell shares worth billions of dollars after the government proposed to raise the minimum public shareholding. Companies must increase shares held by the public to a minimum 35% from 25% at present, FM Nirmala Sitharaman said in her maiden budget, asking the market regulator to “mull” the proposal.

08:42:01 on 05 Jul

Read more at NDTV

India’s economy has been faltering, with GDP growth coming in below the 7% mark for 2018-19 and continued growth concerns in the June quarter. So when the Economic Survey, tabled in Parliament on Thursday, laid particular stress on India needing more and more private investment to boost economic growth, India Inc began to hope for a fiscal stimulus in the Union Budget.

08:10:02 on 05 Jul

Read more at News 18

Dashing all hopes of the middle class, Modi 2.0 failed to deliver any of the much awaited tax cuts in Budget 2019. The Finance Minister offered little relief for taxpayers with annual incomes up to Rs 5 lakh. The lack of tax cuts pushed many to Twitter and several heartbroken taxpayers took to making and posting sad memes to express their disappointment.

07:20:57 on 05 Jul

Read more at News 18

Customs duty on gold and other precious metals were raised for the first time in six years today as Finance Minister Nirmala Sitharaman announced an increase in import duty from the current 10 per cent to 12.5 per cent while presenting her first Budget. Gold prices shot up by Rs. 590 to Rs. 34,800 per 10 gram in Delhi after the Finance Minister's announcement.

06:58:16 on 05 Jul

Read more at NDTV

Finance Minister Nirmala Sitharaman presented the first budget of the second term of the Narendra Modi government. In her maiden speech, she proposed a slew of changes in income tax provisions for this year but kept income tax slab rates unchanged.

06:20:54 on 05 Jul

Read more at Hindustan Times

Nirmala Sitharaman said India had emerged as a major space power, having developed technology to launch satellites and other space products at low cost, and that time had come to commercially harness this ability. The NSIL was officially inaugurated in Bengaluru in May this year. The initiative aims to increase industry participation in the field of space research.

06:05:51 on 05 Jul

Read more at The Print
How India Inc reacted to Union Budget 2019

Nirmala Sitharaman presented the Budget for 2019-2020 and proposed several reforms in various sectors. The Centre hiked taxes on petrol and diesel, raised import duty on gold, levied an additional surcharge on the income of super-rich and brought a tax on high-value cash withdrawals. Here is how the industry reacted to the Union Budget 2019:

06:01:49 on 05 Jul

Read more at Indian Express

The government today proposed many changes in income tax provisions for this year. Finance minister Nirmala Sitharaman in her maiden budget kept the income tax slab rates unchanged but announced a slew of new income tax proposals that could impact many tax payers. The government today announced that Aadhaar and PAN would be made interchangeable for tax-filing purpose.

05:52:55 on 05 Jul

Read more at Live Mint

Former finance minister P Chidambaram took on finance minister Nirmala Sitharaman’s move of keeping budget documents in four fold red cloth instead of a briefcase and said, “Take it from me, our Congress’ finance minister will in future bring an I-Pad.” He opined that Budget 2019-2020 is an insipid budget.

05:34:44 on 05 Jul

Read more at Hindustan Times

Nirmala Sitharaman, during her Budget speech on Friday, announced that the government will shortly be releasing new rupee coins for public use. These coins will be in the denominations of one, two, five, 10 and 20 rupees. Earlier this year in March, Prime Minister had launched the new coin series, saying they will be easily identifiable for the visually impaired.

05:04:43 on 05 Jul

Read more at The Hindu

It had been over one and a half hours since Finance Minister Nirmala Sitharaman began presenting her budget for the Financial Year of 2019. And when the minister finally delivered the overview of the Modi government's tax policy, it was not through mere numbers but with a Tamil poem from the Sangam era.

05:00:12 on 05 Jul

Read more at The Newsminute

Prime Minister Narendra Modi Friday hailed the first full Budget of the National Democratic Alliance (NDA) in its second term, calling it a “green” and “citizen-friendly” budget. In a televised address to the nation after Finance Minister Nirmala Sitharaman presented the Budget, PM Modi said it assures that India is on the “right course” to reach its destination.

04:35:13 on 05 Jul

Read more at Indian Express

Finance Minister Nirmala Sitharaman on Friday presented her maiden budget and also the first for the Modi government’s second term. The budget was hailed by PM Modi as the roadmap for the ‘New India’. Here’a a list of things that got cheaper and some that got costlier:

04:21:02 on 05 Jul

Read more at Hindustan Times

Presenting the Union Budget 2019, Union Finance Minister Nirmala Sitharaman said the Narendra Modi government will bring in a new national education policy which will focus on higher education. Sitharaman said the government is focused on promoting research and proposed to set-up a national research foundation which will assimilate research grants from various ministries.

04:07:22 on 05 Jul

Read more at Indian Express

Minister of Finance and Corporate Affairs, Nirmala Sitharaman presented the Budget for the year 2019 in her maiden speech after the Modi government returned to power this year at New Delhi today. Here is a look at what Chennai has received so far.

03:39:50 on 05 Jul

Read more at Indian Express

Finance Minister Nirmala Sitharaman said the government is proposing additional tax deduction of ₹1.50 lakh on interest paid on home loans taken up to March 2020. Presenting the budget Ms. Sitharaman said the government will also provide income tax deduction of ₹1.5 lakh on interest paid on loans taken for purchase of electric vehicles.

03:24:30 on 05 Jul

Read more at The Hindu

Finance Minister Nirmala Sitharaman on Friday, July 5, 2019, hiked tax on petrol and diesel, raised import duty on gold, levied additional surcharge on super rich and brought a tax on high value cash withdrawals as she sought to spur growth with reduction in corporate tax and sops to housing sector, startups and electric vehicles.

03:13:52 on 05 Jul

Read more at The Hindu

Finance Minister Nirmala Sitharaman Friday said a blueprint for a national gas grid, water grid, information-ways and airports will be unveiled. Presenting the first Budget of the Modi government in its second term, Sitharaman also said a package for the power sector and structural reforms will be unveiled soon.

03:04:47 on 05 Jul

The Finance Minister's budget proposals, such as a model tenancy code, making government land available for affordable housing, interest exemption on affordable housing could give a big push to affordable housing. Ramesh Nair, CEO at JLL, a property consultant said that government could come out with tax incentives for developers doing rental housing.

02:48:57 on 05 Jul

Read more at Business Standard

Finance Minister Nirmala Sitharaman said PAN and Aadhaar have been made interchangeable, allowing those who do not have PAN to file income tax returns. Presenting the first budget of the Modi government in its second term, Sitharaman said Aadhaar card for NRIs with Indian passports will be issued after their arrival in India, without waiting for the mandatory 180 days.

02:38:45 on 05 Jul

Read more at Business Standard

The S&P BSE Sensex and NSE Nifty 50 Indexes opened higher ahead of the first full Budget of PM Modi-led NDA government after returning to power in a landslide victory in the general elections concluded on May 23. The Budget for financial year 2019-20 will be the first Budget to be presented by the country's first full-time woman Finance Minister Nirmala Sitharaman.

10:22:28 on 05 Jul

Read more at NDTV
Mad magazine to come off newsstands

Mad magazine, the satirical publication famous for asking, "What, me worry?" and its gap-toothed, big-eared mascot Alfred E. Neuman, is coming off newsstands and will largely stop publishing new content, its owner DC said an email Wednesday night. DC said that after Issue 10, there will be no new content, except for end-of-year specials, which will be all new.

10:55:02 on 04 Jul

Read more at NBC News

The government’s economic survey has projected that economic growth in the current fiscal year could rise to 7% from the 6.8% in 2018-19 — the slowest rate of growth in five years. The survey, the first by new CEA KV Subramanian, takes off from the acronym-heavy editions associated with his predecessor, Arvind Subramanian, while it is a tad weak on policy prescriptions.

08:50:09 on 04 Jul

Read more at Indian Express

Experts on the Budget Round-table analyse the main hurdles - from bureaucrats lacking specialisation, to a lack of imagination in dealing with problems unique to India - in the Narendra Modi government’s path as it moves to accomplish its aim of making India’s economy worth $5 trillion.

06:55:07 on 04 Jul

Read more at Hindustan Times

Sluggish job creation has been India’s biggest concern in the recent years and the latest Economic Survey tabled in the Parliament on Thursday addressed the problem in the very first chapter. Drawing parallels from the Chinese economy, the document shows how high investment makes labour and capital complementary.

03:05:17 on 04 Jul

Read more at News 18

The Economic Survey 2018-19 released Thursday pegged India's economic growth at 7 percent in FY20, just 20 bps higher than the previous year's 6.8 percent. The subdued projection runs counter to the premise that India with its world-beating growth story and despite the underlying potential it's struggling to grow above 8 percent.

02:40:14 on 04 Jul

Share of Informal Sector Fell in FY19

The Economic Survey has highlighted that the falling nominal GDP growth shows secular inflation fall. Share of the informal sector also fell in FY19. The survey has warned that the government must not compromise on fiscal gap aimed to fund new schemes and there are several challenges, including trade tension, that can hit growth.

12:39:48 on 04 Jul

Read more at News 18

On Sunday evening, Air India Express flight IX 384 from Dubai veered off the runway at Mangaluru International Airport and halted in soft ground, causing a scare for the 181 passengers on board. The incident on runway number 24 — a tabletop runway — brought back memories of the May 22, 2010 crash of Air India Express flight IX 812.

09:57:01 on 03 Jul

Read more at Indian Express

Come 5 July and the first Union Budget under the Modi 2.0 government will be presented by Finance Minister Nirmala Sitharaman. In the build-up to the big day, The Quint will keep you abreast of all the concepts and technical terms that will help you understand the jargon in the Budget speech. Here are some of the terms that will keep you updated on the Budget day.

12:59:27 on 03 Jul

Read more at The Quint

As finance minister Nirmala Sitharaman gets ready to announce her maiden budget on July 5, expectations among Indian citizens are already sky high. Nitin Baijal, Director, Deloitte India – Personal Tax, says that there can be multiple tax-saving incentives provided in Budget 2019.

09:27:01 on 02 Jul

Read more at Indian Express

India still continues to be the fastest growing economy and demonetization has had no effect on the Indian economy, Finance Minister Nirmala Sitharaman told the Rajya Sabha on Tuesday. The Minister, while responding to supplementaries during the Question Hour, said the manufacturing sector has had a certain fall, but it is not attributable to demonetization.

04:53:39 on 02 Jul

Read more at Business Line

The rupee opened on a cautious note and fell 11 paise to 69.05 against the US dollar in early trade Tuesday amid strengthening of the greenback vis-a-vis other currencies overseas, even as crude oil prices eased. Forex traders said rupee is expected to trade in a narrow range as market participants will keep a close watch on the Union budget this week.

10:31:24 on 02 Jul

Read more at News 18

Gold prices fell nearly 2% on Monday to their lowest in more than a week as the dollar strengthened and investors opted for riskier assets after the United States and China agreed to restart trade talks. Spot gold was down 1.7% at $1,384.81 per ounce as of 0724 GMT, after falling to its lowest since June 20 at $1,381.51.

05:03:45 on 01 Jul

Read more at Hindustan Times

To mark two years of GST implementation, the Finance Ministry will on Monday unveil a new return filing mechanism besides a host of other reforms to simplify the indirect tax system. The Finance ministry said it will introduce the new return system on a trial basis from July 1 and on mandatory basis from October 1.

07:43:05 on 30 Jun

Read more at Indian Express

The S&P BSE Sensex and NSE Nifty 50 Indexes continue to trade lower owing to weakness in heavyweights like Reliance Industries, Tata Consultancy Services, HDFC Bank, IndusInd Bank, ICICI Bank and HDFC. The S&P BSE Sensex fell as much as 262 points from day's high while the Nifty 50 Index briefly dropped below important level of 11,800.

03:08:38 on 28 Jun

Read more at NDTV

Gold demand could fall 10 percent in 2019 from a year ago to the lowest level in three years as a rally in local prices to a record high dents retail purchases during a key festive season. Lower purchases by India, the world's second-biggest consumer after China, could limit a rally in global prices that hit a 6-year high earlier this week.

11:41:57 on 26 Jun

Read more at NDTV

West Bengal assembly will discuss state budget later this week, which was presented by the finance minister on February 4, 2019. The state finance minister had claimed in his Budget speech that West Bengal has attained the top position among all states by securing 16% GSDP growth at current prices in 2017-18. The budget speech relied less on evidence & more on hyperbole.

08:12:01 on 25 Jun

Read more at The Wire
Budget 2019: Focus likely on 2 key issues

Finance minister Nirmala Sitharaman’s maiden budget will set the stage for reforms over the next five yrs that could see structural policy changes in areas such as land, labour, capital and entrepreneurship to attract investment, offer incentives to boost consumption, and spend public money on social infrastructure for equitable growth, officials aware of the matter said.

03:46:01 on 24 Jun

Read more at Hindustan Times
Petrol, Diesel Prices Raised Across Metros

Oil marketing companies hiked the rates of petrol and diesel across metros on Monday. With effect from 6 am, the price of petrol was at Rs. 70.05 per litre in Delhi, Rs. 72.31 per litre in Kolkata, Rs. 75.75 per litre in Mumbai and Rs. 72.77 per litre in Chennai, according to notifications from state-run Indian Oil Corporation (IOC).

02:35:41 on 24 Jun

Read more at NDTV

A year after a rare default in India’s credit market led to its mini-Lehman moment, several shadow banks in the country, its oldest surviving private airline and the parent company of its biggest television broadcaster are still reeling. The fear which erased more than 1 trillion rupees ($14.4 billion) in market capitalization of the 11 worst-hit firms is refusing to ebb.

04:57:01 on 24 Jun

Read more at Livemint

The Goods and Services Tax (GST) Council in its 35th meeting on Friday took a number of decisions aimed at easing the registration and return filing process. The Council has decided to use Aadhaar as the identity and address proof required for registration for GST. No other documents will be required, and authentication can be done using a One-Time Password.

08:25:02 on 21 Jun

Read more at The Hindu

Industry body Assocham has advocated tax measures to benefit senior citizens in the Union Budget, to be presented on July 5 by Finance Minister. It said many senior citizens couldn't get the benefit of any robust social security or pension fund investments as they did not exist during their working life and were largely dependent on the interest income from fixed deposits.

09:25:02 on 20 Jun

Read more at India Today

The Indian economy has been clearly losing traction and needs a decisive monetary policy to promote growth, said Reserve Bank of India Governor Shaktikanta Das while voting for a 25 basis points (bps) rate cut along with other five members at the MPC meet earlier this month.

08:25:02 on 20 Jun

Read more at Indian Express

Newly inducted Union Finance Minister, Nirmala Sitharaman, will present her maiden budget in Lok Sabha on July 5th. It will be the first union budget presented by a woman Finance Minister in India's independent history. The Union Budget will follow an interim Budget presented in February this year.

08:12:02 on 20 Jun

Read more at News 18

India is considering increasing the personal income tax threshold in next month’s budget, according to people familiar with the matter, as authorities seek to kickstart consumption in the economy. Finance Minister Nirmala Sitharaman may raise the tax exemption limit for working-age individuals to Rs 300,000 ($4,316) of their annual income, up from the current Rs 250,000.

05:07:10 on 20 Jun

Read more at Hindustan Times

Removing Radhika and Prannoy Roy as directors of New Delhi Television Limited (NDTV) or barring them from holding key managerial positions would not serve the interests of either shareholders or investors, the Securities Appellate Tribunal (SAT) at Mumbai has said as it stayed an order by SEBI issued on Friday.

06:28:38 on 19 Jun

Read more at NDTV

The global video and electronic games market will generate $152.1 billion in 2019, up 9.6% over last year as gaming morphs into content and communication, according to a report by gaming analytics firm Newzoo. As games become seemingly ubiquitous, they are turning into tools for connectivity, allowing players to chat with friends and meet new people.

10:57:25 on 19 Jun

Read more at NDTV

Equity benchmarks Sensex and Nifty on June 18 closed in the green on emergence of buying in metal, energy and IT counters, but gains were capped by a caution among investors ahead of the crucial U.S. Federal Reserve meeting. Snapping its four-day losing streak, the 30-share Sensex settled the day at 39,046.34, 0.22% or 85.55 points higher.

10:42:01 on 18 Jun

Read more at The Hindu

The DTH sector has seen a lot of action lately since the introduction of the new DTH regulations in the market in February. The new offers have been introduced to bring more customers to the HD subscription. Firstly, the company has dropped prices on its Dish TV NXT HD set-top-box.

09:42:01 on 18 Jun

Read more at India Today

The advancement of technology in the past few years has brought more and more people on the internet. From social media apps to shopping, everything can happen online. Even shopping for groceries and food items has become a trend nowadays. If the findings of a recent study are to be believed, online interventions can prompt customers into purchasing healthier foods.

01:58:58 on 18 Jun

Read more at NDTV

Chinese lenders, including China Development Bank, Industrial and Commercial Bank of China and Exim Bank of China, have demanded at least $2.1 billion from embattled tycoon Anil Ambani's Reliance Communications Ltd. State-owned China Development Bank, with loans worth Rs. 9,860 crore ($1.4 billion) was the biggest creditor to the indebted telecom company.

10:27:46 on 18 Jun

Read more at NDTV

When lenders of Jet Airways finally decided to refer the cash-strapped airline to the bankruptcy court on Monday, it capped months of intense negotiations during which the airline had come close to being revived on several occasions. However, revival efforts floundered over the failure of stakeholders to agree on common terms.

04:57:01 on 18 Jun

Read more at Livemint

India’s internet economy is booming courtesy video, e-sports, and music. The country’s over-the-top market is slated to nearly triple in size between now and 2023, growing at a 21.8% compound annual growth rate from Rs 4,464 crore in 2018 to Rs 11,976 crore, according to a new report by consultancy Pricewaterhouse Coopers.

04:27:02 on 17 Jun

Read more at Scroll

“Mutual Fund investments are subject to market risks. Please read all scheme related documents carefully before investing.” You must have heard this customary warning after every mutual fund ad ever aired. And yes, investment in mutual funds is risky but with a few smart choices, you can reduce the risk.

04:42:26 on 16 Jun

Read more at The Quint

Swiss authorities are in process of sharing details of at least 50 Indian nationals having accounts in Switzerland-based banks, with regulatory and enforcement agencies in the two countries tightening their noose on individuals. Switzerland has been striving hard for the past few years to shed a long-standing perception of it being a safe haven for black money.

04:25:19 on 16 Jun

Read more at News18

India will impose higher tariffs on 28 US products including almonds, apples and walnuts, a government notification said. The new duties take effect from Sunday. Reuters had previously reported that India was preparing to levy higher tariffs following Washington's withdrawal of key trade privileges for New Delhi. Indo-US trade stood at about $142.1 billion in 2018

04:57:02 on 16 Jun

Read more at Livemint

For the on-going World Cup fever, Xiaomi is offering discount coupons for some of its Mi TV models. So if you have been looking to buy a good smart TV for a long time now is the best time. During the World Cup TV Dhamaka sale that Xiaomi is hosting on its official website, mi.com, several models of Mi TVs.

06:14:29 on 15 Jun

Read more at India Today

From TikTok to Ola cycle taxis, regulation in India has always followed innovation. Any disruptive technology is met with reactive laws. For laws to be truly sensitive to innovation, there is a fair bit of innovation that needs to take place in the lawmaking process itself. At present, India does not even have an enforceable policy on stakeholder consultation.

10:55:02 on 14 Jun

Read more at The Print

Former chief economic advisor and now Harvard professor, Arvind Subramanian argues in his hotly debated paper that our GDP growth estimation has been horribly wrong since 2011. He argues that “instead of the reported average growth of 6.9 per cent between 2011 and 2016, actual growth was more likely to have been between 3.5 and 5.5 per cent.

10:31:55 on 14 Jun

Read more at The Quint

You’ve consumed good bacteria all your life. From dosas, idlis and dhoklas at breakfast, lassi at snack hour to the North Indian kanji in winters—there isn’t much about the fermented food trend that will shock Indians. Yet, there is something to be discussed about the wave that food laden with good bacteria and yeasts has given rise to.

11:05:41 on 13 Jun

Read more at Vogue

The beleaguered public sector Punjab National Bank (PNB) has admitted to 1,142 big and small defaulters all over India who have defaulted a stupendous Rs 25,090.3 crore. Of these 1,142, the PNB has so far initiated recovery proceedings by filing suits against 1,108 defaulters to recover Rs 23,879.8 crore.

06:17:59 on 12 Jun

Consumer inflation picked up to 3.05 per cent in May, from 2.99 per cent in the previous month, government data showed. That marked the highest level of consumer inflation - determined by CPI - since October 2018 when it came in at 3.38%. Wednesday's data still meant inflation stood well below the central bank's medium-term target of 4 per cent for a tenth month in a row.

06:10:23 on 12 Jun

Read more at NDTV
Hogging the news

US President Donald Trump sure seems to have a thing for Harley-Davidsons. His first salvo against India was over the import duty imposed on the American motorcycles. The bikes are back in spotlight, with Trump on Monday calling for a cut in the duty, ignoring the fact that it was reduced from 100% to 50 % in February.

09:25:01 on 11 Jun

Read more at Live Mint

Imagine it’s the end of the month. Your wallet is empty and so is your bank account. You have to send Rs 40,000 to your brother for coaching expenses or any other immediate financial expense. You don’t have a credit card and your salary isn’t enough to get a loan from a bank. What can you do? The answer lies in digital lending.

04:06:11 on 11 Jun

Read more at The Quint

India's growth in a six-year period spanning both the UPA government and the NDA government was overstated by about 2.5 per cent, former Chief Economic Adviser Arvind Subramanian suggests in an article published by the Indian Express newspaper on Tuesday. The average annual growth between 2011-12 and 2016-17 may have been about 4.5 per cent, not seven per cent, he said.

11:11:53 on 11 Jun

Read more at NDTV

A persistent feeling of exhaustion and irritability are symptoms of burning out, and if you’ve been feeling low, remember:Food plays a great role in mood elevation. This is what to eat for the body and for the mind. Feeling stressed can result in a bad gut making you feel all the more sluggish and low. Idli, appam, dhokla, buttermilk and kaanji can sort out your gut.

01:55:01 on 11 Jun

Read more at Hindustan Times

Withdrawing a cumulative Rs. 10 lakh a year can attract 3-5 per cent tax if a proposal going around in the Finance Ministry takes shape in the Budget to track high value cash deals and make digital payments mandatory. In its push towards a digital economy, the central government is thinking of introducing a tax of 3-5 per cent on cash withdrawal of Rs. 10 lakh in a year.

08:57:01 on 10 Jun

Read more at NDTV

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