Business

Mumbai: The Reserve Bank of India (RBI) has imposed a penalty of Rs 75 lakh on HDFC Bank, the country’s largest private sector lender, for not complying with directions in the RBI’s Know Your Customer (KYC) master direction, according to an official statement issued Wednesday....

Mumbai: Benchmark stock indices Sensex and Nifty halted their seven-day winning run and closed down by nearly 1 per cent Wednesday due to profit-taking in banking and IT shares. The 30-share BSE Sensex tanked 728.69 points or 0.93 per cent to settle at 77,288.50. During...

India is set to remove the 6% equalisation levy, also known as the ‘Google tax,’ on digital advertising services offered by foreign tech giants like Google and Meta

Zaveri Gems and Jewellers, a leading player in jewellery category, acts as one-stop destination for consumers. At the age of just 35, Sanjeeb Kumar Sahoo, Managing Partner, has made a mark as a dynamic entrepreneur in the jewellery industry with a vision to showcase Odisha’s...

New Delhi: Lok Sabha Tuesday passed the Finance Bill 2025, along with 35 government amendments, including one that abolishes a 6 per cent digital tax on online advertisements. With the passage of the Finance Bill 2025, the Lok Sabha completed its part of the Budgetary...

New Delhi: After the Indian government asked Samsung to pay $601 million (approximately Rs 5,174 crore) in back taxes and penalties for allegedly evading import duties on some key telecom equipment, the South Korean giant Tuesday said the company fully complies with the laws of...

New Delhi: Starting May 1, withdrawing cash from ATMs in India will become more expensive as the Reserve Bank of India (RBI) has approved an increase in ATM interchange fees. This means customers who rely on ATMs for their financial transactions will have to pay...

Mumbai: Benchmark indices Sensex and Nifty ended marginally higher Tuesday, taking their gaining streak to the seventh session even as markets witnessed profit-booking after the recent sharp gains. The 30-share BSE benchmark Sensex gained 32.81 points or 0.04 per cent to settle at 78,017.19. During...

Bangkok: Chinese electric vehicle maker BYD logged a record 777.1 billion Yuan (USD 107 billion) in revenue last year as its sales of battery electric and hybrid vehicles jumped 40 per cent. The report late Monday coincided with BYD's launch earlier this week of its...

New Delhi: S&P Global Ratings Tuesday cut India's GDP growth projections to 6.5 per cent for the next fiscal as it expects that economies in the APAC region will feel the strain of rising US tariffs and pushback on globalisation. In its Economic Outlook for...