With both the one-time black money declaration windows concluded, the Income Tax department is set to intensify its crackdown against stash holders after a recent case where an IDS participant surrendered a fresh Rs 30 crore of unaccounted wealth to the taxman after raids were conducted against him.
The stock market will be steered largely by the ongoing earnings announcements, with big names like HDFC Bank, NTPC, ITC and Maruti Suzuki set to come out with their results this week, say experts.
The government`s efforts to build consensus on the key contours of the Goods and Services Tax (GST) regime and healthy quarterly earnings lifted the Indian equity markets during the week ended Friday.
SEBI has referred to the Maharashtra government a case of the Sahara Q shop issuing bonds as the activity did not fall under its regulatory purview, a letter issued by the securities watchdog said on Saturday.
A strengthened US dollar and FCNR B (Foreign Currency Non Resident Bank) payments, drained $1.50 billion from India`s foreign exchange (Forex) kitty, experts said on Saturday.
As the probe over data breach widens, investigative agency and police claim the number of affected debit cards can be as high as 6.5 million
The incidents of cyber attacks on Indian banks are on the rise and its time to be on high alert, warns India's Computer Emergency Response Team (CERT-In), the government's nodal agency that deals with cyber security threats like hacking and phishing.
ICICI Bank, the country's largest private sector lender by domestic assets, has assured its customers that all is well with the bank's cyber security wall, and urged customers to continue using their ICICI Bank Debit Card for transactions at ATMs, Point of Sale (POS) terminals and on eCommerce websites without concern.
Government on Friday looked set to raise about Rs 2,200 crore from sale of its 15 percent stake in NBCC after retail investors grabbed 82 percent of their allotted quota, with institutional investors making up for the small shortfall.
Terming the mounting bad loans as "next big challenge" for the country, Finance Minister Arun Jaitley today said banks should enforce their right and recover dues in the larger interest of the economy.
With an objective of keeping liquidity at neutral level, Reserve Bank is likely to infuse Rs 55,000 crore through open market operations (OMO) in the second half of this financial year
The wider 51-scrip Nifty of the National Stock Exchange (NSE) slipped by 6.35 points or 0.07 percent to 8,693.05 points.
In the previous week, the reserves had decreased by USD 4.343 billion to USD 367.646 billion.
After 12-year hiatus, government is set to revive strategic sale of state-owned companies with the Cabinet likely to consider shortly the outright sale of stake in over a dozen PSUs including the profit making ones.
The country's largest commercial lender, State Bank of India (SBI), has advised its customers to use the bank's own ATM network after the security breach of around six lakh debit cards issued by the bank, an official said.
What appears to be the biggest ever debit card data fraud in the country affecting around 19 banks, government is trying to assuage the concerns of consumers.
The government hopes to raise about Rs 2,200 crore through the exercise, which concludes today.
While the banks, whose customer data was breached in September, have stepped up guard- taking preemptive measures for further theft from customers' accounts. However, you as a customer, should also know what the bank would do in case you face monetary loss as the bank's security is breached.
The Sensex touched a high of 28,163.41 and a low of 27,990.69 in the trade so far.
The Finance ministry on Thursday said debit cards are “completely safe” and there is no need to panic over the feared security breach that affected over 32 lakh cards.