Business

“Currently, our market share in the mutual fund business is nearly 4 per cent and we look to grow and add new segment of investors,” said Ashutosh Bishnoi, managing director and CEO, Mahindra AMC.

Apart from the assets of the two audit firms, the petition also seeks to freeze the assets of the individual auditors of the team who worked on the IFIN accounts — Udayan Sen, Kalpesh Mehta,

The minister’s statement assumes significance as brick-and-mortar stores have for long accused e-tailers like Amazon and Flipkart for violating the FDI rules through predatory discounts, even though the FDI policies on e-commerce strictly bar online

“Subsequent to the closure of the bidding, as no binding bids were received, discussions were held with Etihad (EY) and other prospective investors to find a way for infusion of funds. Etihad had sought certain

The GST council has extended the date for filing annual returns under the Goods and Services Tax (GST) regime by two months to August 30. The one-form new GST return filing system will be applicable

At the interbank foreign exchange (forex) market, the domestic currency opened sharply lower at 69.75 against the dollar. However, it recovered some lost ground in the early deals to trade at 69.72, registering a fall

In April this year, Lakshmi Vilas Bank had announced its merger with Indiabulls Housing Finance in a share-swap deal with an intent to create a  entity with larger capital base and wider geographical reach.

The move is critical at a time when the government needs to raise resources to spend and push growth without derailing its fiscal consolidation roadmap.

According to Das, CPI inflation in April 2019 remained unchanged at the previous month’s level of 2.9 per cent, though there were significant compositional shifts.

The stock spurted 186 per cent to hit an intraday high of Rs 77.35 after hitting a record low of Rs 27 (down 33.1 per cent intra-day) in the morning session on the BSE. The

ED officials said the searches were part of a probe into alleged money laundering by the firm and its office-bearers.

Proposal cleared by nomination and remuneration committee and the board will now be put to vote for shareholders at the firm’s annual general meeting.

The ratings agency downgraded the CFR of TML and the company’s senior unsecured instruments rating has been downgraded to Ba3 from Ba2 and stated that the outlook remains negative

The claims ratio of the general insurance industry has gone up to 93 per cent for the year ended March 2019 as against 85 per cent in the previous year, according to General Insurance Corporation

In total 94 cases that were successfully resolved under the IBC till March-end 2019, 16 steel companies accounting for over half of the stressed debt yielded recovery of 53 per cent and haircut of 47

As of March 31, 2018, out of total lending of IFIN of Rs 14,740 crore, Rs 1,150 crore was sanctioned to ITNL. Apart from that, third party funding was done to ITNL, to the tune

Hopes of a breakthrough in US-China trade talks also boosted the sentiment.

Any tax exemptions will add stimulus to an economy that’s slowed sharply this year, with growth reaching a five-year low of 5.8% in the first three months of the year.

As per the minutes of the June 3-6 Monetary Policy Committee, Das said that since the last meeting of the rate-setting panel in April 2019, greater clarity has emerged about the evolving macroeconomic situation. The

The Council will also consider tweaking GST rate on lottery. An 8-member group of state finance ministers could not reach a consensus on whether a uniform tax rate should be imposed on lotteries or the

The Reserve Bank of India's policy stance was changed from neutral to accommodative, opening the door to further easing, wrote Radhika Rao, Economist at DBS Group Research.

This disruption has increased the cost for Chinese companies and is driving global users to seek other vendors, including Indian manufacturers, Crisil said.

The Central Board of Indirect Taxes and Customs (CBIC), in a statement, also assured genuine exporters that their refund claims would be processed in an automated environment and issued in a timely manner.

The Central Board of Indirect Taxes and Customs, in a statement, also assured genuine exporters that their refund claims would be processed in an automated environment and issued in a timely manner.

Despite a weak opening, where the scrip hit an all-time low of Rs 27, it later pared the losses and jumped 16.16 per cent to Rs 38.45 on the BSE.