In a bid to expand online payment business in the US after a successful run in India with Paytm, Chinese e-commerce giant Alibaba's digital payments arm Ant Financial has bought global money-transfer service MoneyGram for nearly $880 million. ....

India is becoming one of the most transparent and open economies in the world with sector after sector opening for foreign investment notwithstanding the wave of protectionism elsewhere, Finance Minister Arun Jaitely said on Friday. ....

As the government pushes for a less-cash economy via digitisation, IT and telecom players are expecting the upcoming Union budget to contain measures that will seek to strengthen cyber security and make broadband available to all, among other measures. ....

With over five million BHIM apps having been downloaded, users are facing several "teething problems" that need to rectified. However, experts believe what is really required is an "awareness drive" to help the masses use the app. ....

Disruptions caused by demonetisation and the general caution on the part of buyers will hit property sales in India by at least 20-30 per cent in 2017, Fitch Ratings said in its latest report. ....

An unnamed taxpayer owed the government Rs 21,870 crore (over $3 billion) for the assessment year 2014-15, which was 11 per cent of they income tax to be paid by all Indians, according to 2016 data, the latest available, from the Income Tax Department. ....

The State Bank of India and other public sector banks on Tuesday moved the Supreme Court seeking to intervene in the Aircel-Maxis case as a substantial amount of theirs was involved as loans. ....

India's demonetisation drive has impacted gold demand in the short term but buying is showing signs of revival and post the presentation of the national budget on February 1, the market will be back to normal, says the India chief of World Gold Council. ....

The Reserve Bank of India has admitted it has no confirmed data of the number or value of fake currencies detected since the demonetisation of Rs 500 and Rs 1,000 notes, a RTI query has revealed. ....

The CBI on Monday arrested four former IDBI Bank officials, including a former Chairman, and four former executives of now-defunct Kingfisher Airlines in its ongoing probe into the Vijay Mallya loan default case, officials said. ....