Latest Business News, International Business News, India Business and Market News

Business

The Enforcement Directorate (ED) on Saturday questioned former ICICI bank CEO Chanda Kochhar, her husband Deepak Kochhar and Videocon Group promoter Venugopal Dhoot in connection with an ongoing probe into alleged irregularities and corrupt practices in sanctioning a Rs 1,875 crore loan by the bank to the corporate group, the agency said. ....

ICICI-Videocon case: ED raids Kochhar, Dhoot homes

The Enforcement Directorate (ED) on Friday carried simultaneous raids at the residences of former ICICI Bank CEO Chanda Kochhar and Videocon Group promoter Venugopal Dhoot in connection with an ongoing probe into alleged irregularities and corrupt practices in sanctioning of Rs 1,875 crore loan by the bank to the corporate group. ....

SC directs RCOM to pay Ericsson Rs 550 cr with interest

The Supreme Court on Wednesday directed Reliance Communications to pay Rs 453 crore to Ericsson India within four weeks failing which its chairman will have to undergo a three-month sentence. ....

Reliance Group reaches agreement with 90% of lenders

The Anil Ambani-led Reliance Group has reached an in-principle "standstill understanding" with more than 90 per cent of its lenders, the company said on Sunday. ....

India's January WPI eases to 2.76 per cent

India's annual rate of inflation based on wholesale prices eased to 2.76 per cent in January from 3.02 per cent reported for the corresponding month of 2018, official data showed on Thursday. ....

Government spent Rs 1,157 cr in 2017-18 without approval: CAG

The Centre spent Rs 1,150 crore more during the last fiscal across various grants without Parliament's authorisation, the national auditor said here on Tuesday. ....

Global energy arena changing: Modi

Prime Minister Narendra Modi on Monday said globally the perception of energy consumption and supply is changing and nations are coming together to tackle climate change. ....

Twitter CEO to skip Monday's House panel meet

Citing "short notice" period, top Twitter officials, including its Chief Executive Officer (CEO) Jack Dorsey, have declined to appear before a parliamentary committee on Monday. The panel is deliberating the issue of safeguarding citizens' rights on social media platforms. ....

RBI cuts lending rate to 6.25%, shifts stance to 'neutral'

In the final monetary policy review of the current fiscal, the Reserve Bank of India (RBI) on Thursday lowered its key lending rate for commercial banks to 6.25 per cent. ....

Reality check: Difference of Re 1 will turn tax liability from zero to Rs 13,000!

After the latest tax norm changes, proposed in the Interim Budget, taxable annual income up to Rs 5 lakh will get full tax rebate as Finance Minister Piyush Goyal announced in his Budget speech. But exceeding the net taxable income even by a single rupee beyond Rs 5 lakh would result in a tax liability of Rs 13,000 for taxpayers. ....