Today in New Delhi, India
Oct 23, 2019-Wednesday
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business video

  • Sep 24, 2019 17:51
    Mumbai branches of Punjab and Maharashtra Co-operative Bank Ltd (PMC) witnessed chaotic scenes on Tuesday after the Reserve Bank of India put regulatory restrictions on the bank for six months with effect from September 23. According to the RBI regulations, PMC cannot grant or renew any loans and advances, make any investment, incur any liability including borrowing of funds and acceptance of fresh deposits or disburse any liabilities without the prior approval from the RBI, said the bank in a press release dated September 23. The savings account holders with the PMC Bank cannot withdraw more than Rs 1,000. (Hindustan Times)read more
  • Sep 20, 2019 12:15
    In a major boost for domestic companies, the finance minister has slashed corporate tax rate for domestic companies to 25.17 per cent inclusive of all cess and surcharges. The finance minister said that the move would be a major boon for Make in India as well. The changes will cost the government about Rs 1,45,000 crore in revenue foregone. Sitharaman said the changes were part of the continuing efforts to respond to points made during consultations with the government. (Hindustan Times)read more
  • Sep 06, 2019 11:59
    The Indian currency has underperformed its Asian peers barring China in August. The rupee depreciated by 3.65% against the dollar in August, its steepest monthly decline in six years while China had devauled its currency in the month. Rahul Gupta, Head of Research- Currency, Emkay Global Financial Services Ltd talks to Nasrin Sultana of Mint to discuss if there is more pain ahead for India’s rupee. (Hindustan Times)read more
  • Sep 06, 2019 11:59
    For the salaried individuals, EPF is one of the most important investment vehicles for retirement. You and your employer contribute 12% of your salary to this account and so it’s important to keep a track of how much you are accumulating over the years. Technology has made tracking easy, so we tell you three easy ways to track your EPF balance. (Hindustan Times)read more
  • Aug 29, 2019 18:19
    The middle classes will be benefitted if the government accepts proposals by the task force on the simplification of direct tax legislation. The task force has proposed five tax slabs. People having income up to Rs 5 lakh will have to pay zero tax. Those earning between Rs 5-10 lakh can save up to Rs 37,500 a year. Those earning between Rs 10- 20 lakh can expect a benefit of about Rs 1 lakh. A person earning Rs 2 crore can hope to save around Rs 8.5 lakh. If accepted, these proposals will come as a big relief for the middle classes, especially those earning between Rs 5 lakh and Rs10 lakh a year. (Hindustan Times)read more
  • Aug 29, 2019 15:48
    India’s entertainment landscape is dominated by 9600 cinema screens, but the screen streaming web content is creating a new kind of actor. For the likes of Emraan Hashmi and Dia Mirza to Shorey and directors like Zoya Akhtar, web streaming platforms have, in a short span of 3-4 years, become the most exciting thing in town. (Hindustan Times)read more
  • Aug 29, 2019 15:41
    There are seven different types of ITR forms that the income tax department has taken out based on source of incomes and the level of income of the taxpayer. It is extremely important that you choose the right form while filing your taxes; else, the tax department may consider it invalid or consider it not filed at all. (Hindustan Times)read more
  • Aug 28, 2019 23:04
    The government on Wednesday liberalised foreign direct investment (FDI) rules in four sectors including single-brand retail trade and digital media to boost investment in private sector. Union Commerce Minister Piyush Goyal said Union Cabinet has decided to allow 100 foreign investments under automatic route for coal mining and contract manufacturing. The Cabinet also brought foreign investment rules for the digital media at par with the print media. FDI would be permitted in this sector up to stakes of 26 per cent with approval from the government. (Hindustan Times)read more
  • Aug 28, 2019 15:56
    In this first episode of Markets And Macros, we bring you a low-down on the three key economic trends to watch out for today. The highly anticipated Modi-Trump meet, the RBI capital transfers and the fall of the rupee continue to influence the Indian markets as it rises for third straight day . The rupee and bond market also cheered the higher-than-expected RBI payout. (Hindustan Times)read more
  • Aug 28, 2019 15:53
    With a forceful message from PM Narendra Modi in his Independence Day address, there could be a new law on family planning as early as November, say government insiders. While there is little doubt that India has a population problem, any strategy to change fertility rates should be carefully thought out. (Hindustan Times)read more
  • Aug 28, 2019 15:54
    Form 26AS is one of the most important documents you need before you start filing your taxes. It contains details of taxes paid, any tax refunds you received, TDS deducted by a tenant or on sale of property, any advance tax paid, and so on. Cross-check all the details in your Form 26AS and make sure there are no discrepancies; else you might end up getting a notice from the taxman. (Hindustan Times)read more
  • Aug 24, 2019 10:44
    Finance Minister Nirmala Sitharaman announced a slew of measures to stoke demand, including a rejig of its spending programme by front loading it, addressing supply side bottle necks and easing of bank credit rules, even while she reassured a jittery India Inc by promising to end tax terror. (Hindustan Times)read more
  • Aug 23, 2019 15:51
    While financial planning needs to be tailored to the needs of each person, there are a few common mistakes that most people end up making. DIY investors need to be cognizant of these errors and open to correcting them if they want to keep their financial plan on track. We tell you five things you might be doing wrong. (Hindustan Times)read more
  • Aug 23, 2019 11:55
    Peer entrepreneur forums like Bouncing Boards of Erode act as a lifeline on managerial and emotional fronts. A bouncing board is a closed, informal club of about a dozen entrepreneurs from diverse sectors. There are now three bouncing boards in Erode alone and one each in Trichy and Coimbatore. Bouncing boards have become a vital self-help group for such entrepreneurs. (Hindustan Times)read more
  • Aug 22, 2019 11:23
    Weak demand, slow private sector capital expenditure, liquidity tightness and sluggish government spending in the poll season continued to take its toll on corporate India’s earnings in the June quarter. Nischal Maheshwari, CEO, Centrum Broking talks to Mint’s Nasrin Sultana on key takeaways of Q1 earnings. (Hindustan Times)read more
  • Aug 22, 2019 11:24
    Most of us feel like money disappears out of our salary accounts faster than it comes in. This is especially true if you are just starting your career. But if your money often runs out well before the month ends, you might be making these mistakes. (Hindustan Times)read more
  • Aug 22, 2019 11:23
    Protesters in Hong Kong are speaking up for democracy and for independence from China, but the inability to compromise puts the city’s status as a financial centre at risk. (Hindustan Times)read more
  • Aug 21, 2019 11:45
    Gold prices are hovering around record highs in August as accommodative central banks, continuing US-China trade tensions and fears of slower global growth continue to provide support to the precious metal. Hitesh Jain, vice president at Yes Securities speaks to Mint’s Nasrin Sultana if this is the good time to buy gold and silver now? (Hindustan Times)read more
  • Aug 21, 2019 11:12
    CG Power and Industrial Solutions Ltd’s stock witnessed a sharp decline on Tuesday as the company’s board said that it has found ‘suspect’ transactions. The board said that the company’s liabilities and advances may have been understated. Watch the full video for more. (Hindustan Times)read more
  • Aug 21, 2019 11:12
    Five years ago, there were only a handful of online food aggregators. Today, the industry is a behemoth that ferries 80 million food orders each month in over 500 cities. Ordering food online is convenient and restaurants gain from the extra visibility. But who is raking in the profits? Five years into the food delivery boom, many restaurants have now come to the conclusion that they are losing more than they gain. (Hindustan Times)read more
  • Aug 21, 2019 11:13
    All the signs are pointing at the fact that India’s growth has slowed down. While the politicians, economists and experts argue it out, things like lay-offs and smaller increments are impacting our everyday lives. But there is no need to panic. Here are a few things you can do to ride out the slowdown without your finances and goals taking a major hit. (Hindustan Times)read more
  • Aug 20, 2019 16:41
    The Finance Ministry has extended the deadline for filing your income tax returns. And tax payers who have paid their taxes can claim tax refunds if their tax paid surpasses the total income tax liability in a given financial year. (Hindustan Times)read more
  • Aug 20, 2019 16:42
    Choosing a financial advisor is not an easy decision to make. While there are good advisors out there, it’s not uncommon to hear about fraudulent advisory firms cheating people out of their money. If you don’t know what you are doing, you can end up entrusting your money to a dishonest or incompetent advisor, who can do more harm than good. Before you make your choice, here are five questions to ask yourself, to help you select the right advisor (Hindustan Times)read more
  • Aug 10, 2019 15:59
    The Supreme Court has upheld an amendment to the Insolvency and Bankruptcy Code (IPC) giving homebuyers the right to take legal recourse against developers. A bench headed by justice Rohinton Fali Nariman upheld the amendment that treats homebuyers as financial creditors. An aggrieved homebuyer has the option to seek relief under three laws—Rera, Consumer Act and IBC. The apex court’s verdict treats homebuyers at par with banks and institutional creditors besides protecting their rights. (Hindustan Times)read more
  • Aug 07, 2019 18:18
    Amid a slowdown in economic growth, the banking regulator cut benchmark rates by 35 bps in the bi-monthly monetary policy meeting on Wednesday, a move that is expected to make borrowing cheaper and boost demand in sectors such as automobiles and real estate. Industries challenges in terms acute shortage of liquidity will respite as banks will be able to lend more to non-banking financial companies. (Hindustan Times)read more
  • Aug 07, 2019 11:42
    Amidst the hyperactivity in start-up ecosystem, Anand Lunia Partner of India Quotient talks about the existing hurdles. Lunia lays bare the challenges startups face today, and the need for more focus in incentivising startups through tax breaks, channeling domestic capital to start up ecosystem, and creating level playing field for foreign and domestic. According to him the term “startups” is bandied around quite loosely now and government setting up incubators and various startup city clubs is not necessarily a good idea. (Hindustan Times)read more
  • Aug 07, 2019 11:19
    What does Softbank’s mammoth Vision Fund II mean for startups and the venture capital landscape at large. Mint’s Associate Editor Shrija Agrawal decodes. (Hindustan Times)read more
  • Aug 07, 2019 09:33
    The Reserve Bank of India (RBI) is likely to cut its key policy rate by a quarter percentage point on Wednesday as tepid consumption and investment growth continue to hurt economic expansion. Madan Sabnavis, Chief Economist, CARE Ratings speaks to Mint’s Nasrin Sultana on RBI policy expectations. (Hindustan Times)read more
  • Aug 06, 2019 16:37
    As Indian macro is batlling with tightening credit supply, weakening business sentiments, weaker investment cycle, and slowing global growth Mint’s Nasrin Sultana speaks to Madan Sabnavis, Chief Economist, Care Ratings to discuss if India is headed towards recession? (Hindustan Times)read more
  • Aug 03, 2019 16:27
    Under pressure to arrest a slowdown in the economy, Finance Minister Nirmala Sitharaman on Friday started the process of taking a slew of steps to boost industry’s access to credit, including opening a Rs 10,000 crore liquidity window for home financiers. Sitharaman will meet chiefs of all state-run as well as private sector banks on Monday to discuss issues related to credit growth in key segments of the economy, including automobile, retail, small businesses, affordable housing and non bank finance as well as housing finance. (Hindustan Times)read more