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  • In Tata Vs Mistry, New Allegations Are Made: 10 Updates

    The Tata group sharply escalated its battle with its ousted chairman Cyrus Mistry today, sacking him as head of the group's flagship Tata Consultancy Services (TCS) and blaming him for nearly pushing the group holding firm into losses.

  • How GST Could Impact Your Wallet In 10 Points

    The Goods and Services Tax (GST) rate will have four brackets - 5, 12, 18 and 28 per cent. Finance Minister Arun Jaitley has said it will be announced later how different items and services will be taxed, but essentials and food will be in the lowest tax slabs while luxury and sin goods like tobacco products will be in the highest and will attract an extra cess.

  • After Cyrus Mistry's Email, 10 Latest Developments in Tata Crisis

    The country's two largest stock exchanges have demanded clarity from the Tata group's 27 listed companies after a lengthy email written by former chairman Cyrus Mistry became public, reports news agency Reuters. Markets regulator Sebi too is reportedly looking into these companies.

  • In Tata Vs Cyrus Mistry, Stock Exchanges, Markets Regulator SEBI Step In: 10 Updates

    Leading stock exchanges BSE and NSE have asked six listed Tata companies for a clarification, after sacked Chairman Cyrus Mistry wrote to board members warning that the group faces a writedown of about $18 billion on these companies.

  • Focus On Business, Don't Worry About Leadership Change, Ratan Tata Tells Group's Top CEOs

    Ratan Tata told top CEOs of the Tata Group at its famous Bombay House office in Mumbai today that they should not worry about the changes in leadership, and must focus instead on business and making their companies market leaders.

  • Report On Debit Card Data Breach Likely Soon: 10 Things To Know

    The Finance Ministry has asked various agencies, including the Reserve Bank of India, to submit in 10 days their report on a data breach involving over 3 million debit cards, Press Trust of India reported citing ministry sources.

  • SBI Advises Customers To Use Its Own ATMs: 10 Points On Debit Card Data Breach

    State Bank of India, the country's largest lender, has advised its customers to use the its own ATM network as a "pro-active measure" after the security breach of around six lakh debit cards issued by it.

  • 'Idea Is To Contain Damage': Arun Jaitley After Data Breach Exposes Debit Cards

    Finance Minister Arun Jaitley said today that he has sought a report on the misuse of debit cards after a massive data breach compromised over 3 million cards. "The idea is to contain damage," Mr Jaitley said.

  • Sensex Posts Biggest Gain In 5 Months, Surges 521 Points: 10 Updates

    Sensex surged over 500 points and Nifty moved above its crucial psychological level of 8,650, rebounding from three-month lows hit in the previous session and posting biggest gain in nearly five months. Broad-based buying interest amid a rally in global markets helped Indian markets register strong gains.

  • Mega Spectrum Auction Starts, Target 5.6 Lakh Crores. 10 Things At Stake

    In the biggest ever spectrum auction, the government has put mobile airwaves worth Rs 5.6 lakh crore (at the base price value) up for sale. The bidding started at 10 am today.

  • How A Donald Trump Vs Hillary Clinton Debate is Rattling The Sensex

    The Sensex fell 374 points and Nifty slumped below its crucial psychological level of 8,750 today, tracking weakness in global markets.

  • Sensex, Nifty Rally On US Fed's Rate Stance: 10 Things To Know

    The BSE Sensex advanced as much as 365 points, while the 50-share Nifty moved closer to its crucial psychological level of 8,900, following US Federal Reserve's overnight decision to keep interest rates steady. The rupee also rallied, rising to 66.83 per dollar against its Wednesday's close of 67.02 per cent.

  • RCom-Aircel Deal: 10 Facts About Largest Merger In India's Telecom Sector

    Billionaire Anil Ambani's Reliance Communications Ltd will combine its wireless business with smaller rival Aircel to create India's third-biggest cellular carrier by subscribers, the companies said on Wednesday, as intensifying competition fuels consolidation in the world's second-biggest telecom market.

  • Planning To Buy A Used Car? Here Are 10 Things To Know

    India is the fastest-growing major car market in the world, with sales of passenger vehicles rising by 7.24 per cent for the year ended March 2016. By 2020, the country is likely to be the third largest passenger car market in the world. Interestingly, India's pre-owned or used car market is even bigger (1.2 times) and its growth faster, according to a Mahindra First Choice Wheels report.

  • UPI Goes Live: Here Is Your 10-Point Guide To Get Started

    National Payments Corporation of India (NPCI) today rolled out Unified Payments Interface (UPI), a mobile payment solution which, experts say, has the potential to revolutionise the payment system in the country. The UPI app is part of the Reserve Bank's initiative to promote a cashless society. Currently, customers of 21 banks can use the new payment solution. More banks are expected to join the UPI app platform later.

  • Urjit Patel, First RBI Governor Chosen By PM Modi: 10 Facts

    Urjit Patel will be the new governor of Reserve Bank of India, to replace popular central banker Raghuram Rajan when his term ends in September. The chief of RBI is typically chosen by the prime minister in consultation with the finance ministry, making Mr Patel the first governor to be chosen by Prime Minister Narendra Modi.

  • Winners And Losers From Passage Of Landmark GST Reform: 10 Facts

    The Rajya Sabha backed a major tax reform on Wednesday that seeks to transform the country into a common market, though opposition benches urged Finance Minister Arun Jaitley not to overtax businesses and consumers. A government-appointed panel has suggested a standard goods and services tax (GST) rate of 17-18 per cent but states want a higher level.

  • How GST Will Impact Economy: Your 10-Point Cheat-Sheet

    Finally, the ambitious goods and services tax (GST) could be a reality. The GST Bill is set to be tabled in the Rajya Sabha today. Hailed as the biggest tax reform since independence, the one-nation-one-tax regime will convert 29 states into a single market. It will be beneficial for the Indian economy on multiple counts, say economists.

  • Bank Strike Could Impact Transactions Worth Rs 15,000 Crore: 10 Developments

    Banking operations across the country were hit today, with 8 to 10 lakh employees of 40 private and state-run banks striking work. Lenders, including State Bank of India, informed customers that banking services would be hit because of the strike today. However, private sector banks like ICICI Bank were working as usual.

  • Ten Things to Know While Filing Income Tax Return This Year

    Typically, the deadline for filing income tax return of the previous financial year is July 31. Though you have time in hand, it is always better to start preparing early to avoid the last minute scramble. You can use a checklist of documents that you need to keep in handy to avoid mistakes in filing your tax return.