Income Tax department conducts surveys at Bitcoin exchanges country-wide

Income Tax department conducts surveys at Bitcoin exchanges country-wide

  New Delhi, Dec 13: The Income Tax Department today conducted survey operations at major Bitcoin exchanges across the country on suspicion of alleged tax evasion, official sources said. They said various teams of the sleuths of the department, under the command of the Bengaluru investigation wing, today visited the premises of nine such exchanges […]

ADB lowers India’s GDP forecast for FY18 to 6.7 per cent

  Manila, Dec 13: The Asian Development Bank on Wednesday raised its economic growth estimate for developing Asia to 6 percent for this year from a previous estimate of 5.9 per cent, citing stronger than expected exports and China’s resilience. The Manila-based ADB kept its 2018 growth forecast at 5.8 per cent. “Developing Asia’s growth […]

Profit booking pulls down Sensex over 200 points

  New Delhi, Dec 12: After three strong sessions, profit booking coupled with spikes in crude and bond prices dragged the Indian market lower on Tuesday, with the Sensex shedding over 200 points, while the Nifty ended below 10,250-mark. Brent oil prices jumped 1.5 percent on Tuesday to their highest since mid-2015, after the shutdown […]

SC says NCLT order on Unitech ‘disturbing’

  New Delhi, Dec 12: The Supreme Court has expressed its unhappiness over the National Company law Tribunal passing an order against realty major Unitech, even as it was hearing matters relating to the company. “It is disturbing,” chief justice Dipak Misra observed while hearing a special leave petition moved by Unitech. “We are hearing […]

Mukesh Ambani mulls Reliance Jio IPO after Rs 2 lakh crore investment spree, says report

Mukesh Ambani mulls Reliance Jio IPO after Rs 2 lakh crore investment spree, says report

  New Delhi, Dec 12: India’s richest man is weighing an initial public offering of mobile operator Reliance Jio Infocomm Ltd., people with knowledge of the matter said, after a $31 billion investment spree that roiled the country’s wireless market. Reliance Industries Ltd., the conglomerate backed by tycoon Mukesh Ambani, is holding internal discussions about […]

Budget 2018: Economists meet Jaitley, divided on fiscal road map

  New Delhi, Dec 12: Finance Minister Arun Jaitley met economists and policy experts for pre-Budget consultation on Monday. A number of issues raised, including on raising of minimum pension levels and reducing corporate taxes. However, the economists were divided on the fiscal deficit. Some wanted the government to stick to the fiscal deficit target […]

India’s economy expected to grow at 7.5% in 2018, says Nomura

  New Delhi, Dec 11: Global investment bank Nomura has predicted India’s economy to register a 7.5 per cent growth rate in 2018, saying it is on the cusp of a cyclical recovery. India’s Gross Domestic Product (GDP) growth bottomed-out in the second quarter of 2017 at 5.7 per cent year-on-year, rising to 6.3 per […]

Sensex rallies 205 pts, Midcap at record close

  Mumbai, Dec 11: The market started off the week on a positive note Monday as the Sensex rallied more than 200 points, taking the total three-day gains to 850 points. The rally was driven by positive global cues, taking lead from Wall Street after stronger-than-expected jobs report. All sectoral indices ended in green barring […]

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