Business News

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PNB Scam: Choksi moves to Antigua, takes up local passport

Absconding diamantaire Mehul Choksi has left the US to take refuge in the island of Antigua located in the tiny Caribbean country of Antigua and Barbuda.

24 Jul 2018

India

#EndOfAnEra: Flipkart to shutdown eBay.in in August

According to ToI, Flipkart is all set to shutdown one of India's oldest e-commerce sites, eBay.in, marking the end of an era.

24 Jul 2018

Elon Musk

Did Tesla ask its suppliers for refunds to appear profitable?

Tesla seems to be in the midst of yet another controversy.

24 Jul 2018

India

#FinancialBytes: Top 5 Travel Loans available in India

We live in a wonderful world that is full of beauty and adventure, and the best way to explore it is through travel. This wonderful experience, however, comes with a baggage of expenses.

23 Jul 2018

EPFO

#FinancialBytes: How to check your PF balance

Gone are the days when your Employees Provident Fund (EPF) details were released at the end of the financial year.

From August 1, NPCI bans UPI payments within same account

In a bid to curb fake and artificial payments made to receive cashbacks, the National Payments Corporation of India (NPCI) has decided to ban all payments within the same account from its Unified Payments Interface (UPI) platform.

23 Jul 2018

India

India to be world's third largest aviation market by 2025

India's aviation industry has been growing by leaps and bounds over the past few years, driven by government schemes, consistent increase in passengers, and investment by airlines.

23 Jul 2018

India

For Rs. 1,095, you can exchange your feature-phone for JioPhone

Reliance Jio has introduced its Monsoon Hungama offer for all Jio stores and authorized retails partners.

23 Jul 2018

Mutual Funds

#FinancialBytes: Know how to select best mutual fund for you

Are you thinking of investing in mutual funds but don't know how to choose the best mutual fund scheme?

All you need to know about your Form 16

As a salaried person, you must have heard the term 'Form 16'.

#FinancialBytes: Know how to file your ITR without Form 16

The due-date for filing your Income Tax return for this assessment year is July 31.

22 Jul 2018

India

Now, only 35 goods in highest 28% tax-bracket of GST

The Goods and Services Tax (GST) Council has pruned the 28% slab by cutting tax rates on 191 goods over the last one year, leaving just 35 items, including ACs, digital cameras, video recorders, dishwashing machines, and automobiles, in the highest tax bracket.

22 Jul 2018

India

#FinancialBytes: 5 credit cards which offer unique benefits

These days it's common for credit cards to offer benefits like monetary rewards on grocery purchases, online shopping, movie ticket booking, etc.

21 Jul 2018

India

Your iPhone in India may get deactivated: Here's why

Apple and TRAI are at loggerheads again over TRAI's anti-spam app. This time, new TRAI regulations, if enforced, might result in telecom operators deactivating services on iPhones.

21 Jul 2018

India

How much will recalibrating ATMs for new Rs.100 notes cost?

ATM operators have said Rs. 100 crore is required to recalibrate ATMs to make them ready for the new Rs. 100 notes, which RBI announced a few days ago.

20 Jul 2018

India

PaySense raises $18mn selling undisclosed stake in round led-by PayU

Fintech player PaySense has raised $18 million by selling an undisclosed stake in a round of funding led by Naspers-promoted payments provider PayU with a $11.5 million investment.

20 Jul 2018

India

Tap-and-go debit/credit cards for hassle-free metro, bus, train travel

In line with the government's target of 30-billion digital transactions in the current year, the Ministry of Finance has asked banks to issue near-field communication (NFC)-enabled tap-and-go debit and credit cards that can be used beyond merchant transactions for services like metro, train, and bus travel.

20 Jul 2018

India

Monsoon Hungama: Get JioPhone 2 for Rs. 501 on exchange

Among the slew of announcements made at Reliance Industries Limited's 41st AGM was the much-awaited feature phone, JioPhone 2.

20 Jul 2018

NASDAQ

Which will hit the trillion dollar mark: Apple or Amazon?

Following the completion of Amazon's Prime Day sale, wherein the company announced that it had sold over 100 million products, the global e-commerce giant's stock market value climbed to breach the $900bn mark for the very first time.

20 Jul 2018

India

#FinancialBytes: Know how to check your I-T refund status online

After you're done with the filing and verification of your ITR, you can easily keep track of the refund status online.

20 Jul 2018

Fashion Tips

Burberry burnt $37mn worth of unsold merchandise: Here's why

High-end luxury fashion brand Burberry reportedly burnt $37mn worth of its unsold merchandise over the past year to ensure that its products didn't fall into the hands of counterfeiters.

20 Jul 2018

India

Jio GigaFiber v/s Airtel broadband: Plans, offers, comparison

Reliance Jio has already irreversibly changed the mobile data market in India, pushing down data charges and consequently pushing up mobile data consumption.

20 Jul 2018

Bank of India (BOI)

#FinancialBytes: Know which Income Tax Return form you should file

Since April 5, 2018, the Income Tax Department has been uploading the Income Tax Return (ITR) forms for the Assessment Year 2018-19 (Financial Year 2017-18). In total there are 7 such forms.

19 Jul 2018

India

RBI to issue new Rs. 100 notes soon, details here

The Reserve Bank of India (RBI) has decided to issue new Rs. 100 notes as a part of the new Mahatma Gandhi series.

19 Jul 2018

Flipkart

Flipkart-sale ends today: Best gadgets to buy under Rs. 1,000

Flipkart's Big Shopping Days sale is coming to an end today. The e-commerce giant is offering mega-discounts and exclusive deals across several product categories including smartphones, gadgets, mobile accessories, appliances and fashion wear.

19 Jul 2018

India

India fastest growing economy; on track to meet FY18-target: ADB

South Asia continues to be the fastest growing sub-region, led by India, whose economy is on track to meet the fiscal year 2018 projected growth of 7.3% and further accelerating to 7.6% in 2019, as measures taken to strengthen the banking system and tax reform boost investment, Asian Development Bank (ADB) said.

19 Jul 2018

Business

#FinancialBytes: Know how to check your ITR status online

Once the filing and verification of your I-T return is done, you can keep track of the status of your return.

19 Jul 2018

India

Rs. 1,500cr-by-15th-year: Jio Institute earned institute-of-eminence tag with this proposal

Reliance Foundation's Jio Institute, which was named among the government's 'Institutes of Eminence'(IoE) despite not even existing, has projected an income of Rs. 100cr in its first year from 1,000 students.

19 Jul 2018

Mutual Funds

#FinancialBytes: Know all about ELSS that helps you save tax

Are you looking for an investment instrument which can not only offer you high returns but can also help you save tax?

18 Jul 2018

India

Apple's India strategy stumbles as iPhones struggle to find buyers

In the first half of 2018, Apple has sold less than a million iPhones in India, says a report by market research firm Counterpoint. In comparison, the tech giant had sold 3.2 million iPhones in 2017.

18 Jul 2018

India

6 common financial mistakes we make, but should avoid

Each one of us aspires to smartly manage our finances. But, quite often we end up making some extremely common financial mistakes, which can be easily avoided.

18 Jul 2018

Mumbai

13-year-old Mumbai boy is a budding-entrepreneur of a logistics start-up

Tilak Mehta is like any other teenager. The 13-year-old attends a Mumbai suburban school and rues about his father coming home from work late.

18 Jul 2018

Chennai

#FinancialBytes: 5 best apps for all your short-term loan needs

Gone are the days when you needed to visit a financial institution or make various phone calls to get a loan.

17 Jul 2018

India

Peak-hour flight fares may increase if govt. passes new proposal

In a move akin to surge pricing policies on ride-hailing services, the Airports Authority of India (AAI) is mulling over a proposal to impose additional charges on airlines for flights during peak hours.

PNB collects Rs. 151.66 crore as below minimum balance penalty

In FY 2017-18, a total penalty of Rs. 151.66cr has been recovered due to non-maintenance of minimum balance in nearly 1.23 crore savings fund accounts, PNB replied in response to RTI activist Chadra Shekhar Gaud's query.

17 Jul 2018

India

#FinancialBytes: Situations in which you can withdraw PF before retirement

Employees Provident Fund (EPF) is primarily a retirement benefit scheme by the Government of India for all salaried individuals in which employees get their accumulated funds after retirement or job-loss to finance their expenditures.

17 Jul 2018

Bharti Airtel

These Airtel, Vodafone plans offer 1-year free Amazon Prime subscription

The Amazon Prime Day is up and running with exclusive deals on thousands of products. However, the sale is limited to Amazon Prime members only.

17 Jul 2018

Amazon

Amazon Prime Day sale: Users report issues with the website

The much-awaited Amazon Prime Day sales, which kicked-off on July 16, seems to be experiencing difficulties.

17 Jul 2018

SpaceX

Elon Musk's "pedo" comment wipes $2bn off Tesla's value

After Tesla CEO Elon Musk baselessly accused British cave diver and Thai cave rescue hero Vern Unsworth of being a "pedo", Tesla shares fell by 2.75% on Monday, knocking almost $2bn off the company's value.

17 Jul 2018

Business

#FinancialBytes: Why you should choose credit cards over debit cards

On the surface, both credit and debit cards are almost identical- both are plastic money, carry 16-digit card number, expiry date and PIN codes.