Thiruvananthapuram
C
Alappuzha
Ernakulam
Idukki
Kannur
Kasaragod
Kollam
Kottayam
Kozhikode
Malappuram
Palakkad
Pathanamthitta
Thiruvananthapuram
Thrissur
Wayanad
Friday, July 10, 2020

money

58 Indian-origin executives employ over 3.6 mn globally

Washington: A group of 58 Indian-origin executives heading companies across 11 countries, including the U.S, Canada and Singapore, collectively emplo...

EPF assistance extended for 3 months

New Delhi: The Union Cabinet approved extension of EPF support for business and workers for 3 months.The government under 'PM Garib Kalyan Package' e...

I-T dept launches tool to calculate TDS rate on cash withdrawals

New Delhi: The Income Tax (I-T) Department has launched a new tool to determine TDS (tax deducted at source) on cash withdrawals.The tool is meant to...

New rules for bank account holders, ATM card users

New Delhi: Several new rules for financial transactions relating to ATM withdrawals, minimum bank account balance, mutual funds and Atal Pension Yoja...

Small savings scheme, PPF rates remain unchanged

New Delhi: The government has decided to keep the interest rates on small savings schemes or post office schemes including Public Provident Fund (PPF...

GST collections in June at Rs 90,917 cr

New Delhi: GST revenue collection in June stood at Rs 90,917 crore, up from Rs 62,009 crore mopped up in May and Rs 32,294 crore in April. "The gross...

Stamp duty on mutual funds to apply from July 1

New Delhi: From July 1, 2020, stamp duty will be imposed on the purchase of mutual funds, including systematic investment plans (SIPs) and systematic...

Mukesh Ambani joins club of world's 10 richest people

Mumbai: Asia's richest man has entered a new league of wealth. The net worth of Mukesh Ambani, chairman of Reliance Industries Ltd., has jumped to $6...

P-note investment rises to over Rs 60,000 cr till May-end

New Delhi: Investments through participatory notes (P-notes) in the domestic capital market rose to Rs 60,027 crore till May-end, making it the secon...

Gross tax collection falls 31% so far in June quarter

Mumbai: Gross tax collection fell 31 per cent till June 15 of the current fiscal, with advance corporate tax mop-up declining 79 per cent, an officia...

Investment via P-notes up at Rs 57,100 cr till April

New Delhi: Investments through participatory notes (P-notes) in the domestic capital market increased to Rs 57,100 crore as of April 30 after falling...

RBI chief says GDP growth in 2020-21 likely to be in negative

Mumbai: The Reserve Bank on India (RBI) said India's gross domestic product (GDP) growth will be in negative territory in 2020-21 as the outbreak of ...

Inflation outlook highly uncertain: RBI Governor

Mumbai: Reserve Bank Governor Shaktikanta Das said the inflation outlook is highly uncertain due to the outbreak of the COVID-19 pandemic and express...

PSBs sanctioned Rs 5.66 lakh cr loans during Mar-Apr: Minister

Finance Minister Nirmala Sitharaman said public sector banks (PSBs) sanctioned loans worth Rs 5.66 lakh crore to borrowers during March and April, an...

SBI to extend moratorium to NBFCs

The country's largest lender SBI has decided to extend the RBI-approved moratorium to the cash-strapped NBFC sector to help them tide over the crisis...

Govt defers release of April GST collection data

New Delhi: The government deferred the release of April GST revenue collection data as the ongoing lockdown and extended return filing deadline led t...

ADB approves USD 1.5 bn loan to India to fight COVID-19

The Asian Development Bank (ADB) said it has approved USD 1.5 billion loan to India to help fund its fight against coronavirus pandemic. The loan has...

Infosys Q4 net profit up 6.3% at Rs 4,335 cr

IT major Infosys reported a 6.3 per cent year-on-year (YoY) rise in consolidated profit for the March quarter at Rs 4,321 crore compared with Rs 4,07...

RBI cuts reverse repo by 25 bps to 3.75%

The Reserve Bank of India Governor Shaktikanta Das said the central bank will ensure adequate liquidity in the system to ease the financial stress ca...

RBI remains net purchaser of dollar in Feb; buys $9.14 bn

The Reserve Bank of India (RBI) continued to be a net purchaser of the US dollar after it bought $9.144 billion in February on a net basis from the s...