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Omkara ARC buys Joyous' Rs 784-crore PNB Housing loanPNB Housing Finance had announced the successful resolution of its large corporate non-performing account (NPA) account valued at ₹784 cror...
Twenty-four central banks will have digital currencies by 2030 - BIS surveyThe past 18 months have seen turmoil in the crytpo market, including the failure of TerraUSD, an unbacked stablecoin, in May 2022, the coll...
Twenty-four central banks will have digital currencies by 2030: surveySome two dozen central banks across emerging and advanced economies are expected to have digital currencies in circulation by the end of th...
NARCL makes offers to PSU lenders for Jaypee Infratech debtNARCL's ₹3,570-crore offer for the ₹9,234 crore debt held by nine public sector lenders has triggered a Swiss challenge auction. Lenders le...
Let’s not duck democracy: The only solution to the malaise of defectionNo foreign imports are available to exorcise India’s internal demons, its tendency to fragment along the lines of caste, religion, region, ...
The curious tax case of Mr. and Mrs. ThakkarThe cases relate to South Mumbai residents, Dilip Thakkar, a reputed chartered accountant, and his wife Indira Thakkar whose father had set...
Qnet brings Swiss watch brand Mugnier of King Napoleon’s fame to India; timepieces to be assembled in Maharashtra“We have seen a shift in the Indian consumer in the last decade or so. As disposable incomes have grown for the upper-middle class, the wat...
ABB Power Products may be a good bet to gain from open offerAs a part of the global deal, ABB India demerged its power grid business into a separate entity, called APPSIL.
Market Movers: What changed when you were sleepingAsian stocks gained a tad on Wednesday after US-China trade talks resumed.
CBI to use Haschke’s confession to nail himThe Central Bureau of Investigation (CBI) will use the confessional statement given by Haschke in an Italian court to bring him to book.
Universal Basic Income could actually work better in India than in rich countriesAn Australian study concludes 40 per cent of that country's jobs are at risk of being eliminated by technology , perhaps as soon as 2025.
Non-declarants of foreign assets to face consequences: FM Arun JaitleyIn his Facebook post, the Minister also expressed the commitment of the government to fight the menace of the domestic black money.
Turning the black money tide: It will require reforms in taxation and real estate transactionsGenerated through out-of-book transactions, under-reporting and market manipulation, black money distorts India’s financial regime.
Make tax evasion serious crime for black money info: SIT chief MB ShahTax evasion needs to be made a serious 'criminal offence' to force foreign countries to reveal names and account details of Indians stashin...
Swiss gold exports to India reach near Rs 1-trillion in 2014Swiss gold exports to India stood at over 2.8 billion Swiss francs (over Rs 18,000 cr) in Oct, up from about 2.2 billion Swiss francs in th...
Change laws, put cash curbs to check black money menace: Special Investigation TeamSIT said that making tax evasion of Rs 50 lakh or more a 'predicate offence' would allow necessary action under Prevention of Money Launder...
Our black money is here, not in Switzerland: Swaminathan SA AiyarIf Ramdev, Anna Hazare and the govt are serious about tracing black money, they need to look within India. Most black money never leaves In...