Indian money in Swiss banks rises 50% to over Rs 7,000 crore

Indian money in Swiss banks rises 50% to over Rs 7,000 crore

Money parked by Indians in Swiss banks rose over 50% to CHF 1.01 billion (Rs 7,000 crore) in 2017, reversing a three-year downward trend amid India’s clampdown on suspected black money stashed there. In comparison, the total funds held by...
read more
Sensex soars 385 points at close as rupee recovers, financials lead gains

Sensex soars 385 points at close as rupee recovers, financials lead gains

Indian shares bounced back on Friday after two straight days of losses, starting July derivatives series on a strong footing led by energy and financial stocks as the rupee recovered from an all-time low and Asian peers staged a pullback....
read more
I-T dept names and shames 24 defaulters owing Rs 490 crore in taxes

I-T dept names and shames 24 defaulters owing Rs 490 crore in taxes

The income taxdepartment on Thursday released a pan-India list of 24 defaulting individuals and companies who owe about Rs 490 crore in taxes to the exchequer but have either gone untraceable or have reported inadequate assets for payment of dues....
read more
Snap lays off 100 employees in latest round of downsizing

Snap lays off 100 employees in latest round of downsizing

Snap Inc. is cutting another set of employees, focusing this time on the advertising side of the business after earlier trimming staff in engineering and content. The cuts total around 100 workers, according to people familiar with the matter, and...
read more
Govt notifies new accounting standard that comes into effect on April 1

Govt notifies new accounting standard that comes into effect on April 1

Companies will have to adopt more detailed revenue recognition ways from April 1 as the government has notified a new accounting standard. The corporate affairs ministry has notified Indian Accounting Standard (Ind AS) 115 which would be effective from the...
read more
“Economy Was In Terrible Hands Under UPA”: Arun Jaitley

“Economy Was In Terrible Hands Under UPA”: Arun Jaitley

Arun Jaitley said the economy was in the hands of a “terrible doctor” under UPA. (File) NEW DELHI:  Finance Minister Arun Jaitley today slammed his predecessor P Chidambaram for being a know-all living under false illusion, and said the economy w...
read more
1 2 3 27