Business

The move comes against the backdrop of various startup founders claiming that they have received notices under Section 56(2) (viib) of the Income Tax Act from the I-T department to pay taxes on angel funds raised by them.

Previously, the RBI had only allowed companies to borrow up to $50 million (Rs 355 crore approx) for three years. For funds beyond $50 million companies had to borrow for at least five years.

The complaint was filed by Jasper in 2014 after it alleged that KAFF was attempting to impose a price restriction on the online platform to make sales at a minimum price and threatened to ban online sales if such prices were not maintained.

An initiative of the civil aviation ministry and the Bureau of Civil Aviation Security (BCAS), the "digi yatra" facility seeks to minimise paperwork for air travel under a digital system for airport entry and boarding flights using a passenger's Aadhaar n...

The All India Bank Employees Association and Bank Employees Federation of India has informed the Indian Banks' Association of the two-day nationwide strike on January 8-9, 2019.

The government has already said it will seek interim dividend from the RBI in order to maintain its fiscal deficit of 3.3 per cent of the GDP for 2018-19.

Around 1,000 deals were signed by Indian startups in 2018 with sectors such as e-commerce, health and wellness, and travel and tourism attracting the highest investments.

On Thursday, the Sensex had tumbled by 377.81 point to end at 35,513.71 and the broader NSE Nifty plunged by 120.25 points.

Asian and European equities tripped following a sudden sell-off on Wall Street after Apple cut its revenue forecast for the first time in nearly 12 years.

The National Housing Bank (NHB), which launched housing prices index 'NHB RESIDEX' in 2007 to track the movement in housing prices on quarterly basis, has revamped the system by changing the base year and releasing separate index for under construction pr...

Globally, gold was trading 0.10 per cent higher at $1,281.25 an ounce in Singapore.

Symantec's report pointed out that the European Union's implementation of the General Data Protection Regulation (GDPR) earlier this year will likely prove to be a precursor to various security and privacy initiatives in other regions.

Petrol price in Delhi was cut to Rs 69.04 per litre from Rs 69.26 while diesel rates came down to Rs 63.09 from Rs 63.32 a litre. Petrol prices, which have been on a decline since October 18 except for one day, are at their lowest level of 2018.

The gains were led by banking stocks, which rallied on reports that the government was likely to infuse Rs 28,615 crore into seven public sector banks (PSBs) through recapitalisation bonds by the end of this month.

A comprehensive financial package, including transfer of non-core debt and assets to a Special Purpose Vehicle are a part of the plan that was announced by Union Minister Jayant Sinha in the Lok Sabha.

Healthcare company Max India Ltd will sell a stake in its healthcare services joint venture Max Healthcare Institute Ltd to Radiant Life Care Pvt Ltd and global investment firm KKR.