Business News
In dire straits, China selling dollars offshore to save tanking yuan
The yuan's value onshore hit a low of 7.3280 per dollar in November, 'levels last seen during the 2008 global financial crisis, while the offshore yuan dropped to a record low of 7.3746'
Stolen Samsung secrets behind Foxconn's China factory? Yes, says South Korea
Foxconn plant intended to use 20-nanometer DRAM memory chip technology, which is considered a "national core technology" by South Korea. The transfer of such technologies overseas is restricted unless approved through licensing or partnerships
10 things to know about Reserve Bank of India's Integrated Ombudsman Scheme
The scheme aims to provide a simple and effective way for customers of various financial services to resolve their complaints. It was launched by Prime Minister Narendra Modi on 12 November, 2021
Big Blow to China: S&P Global cuts 2023 growth forecast to 5.2% from 5.5%
In a research note, credit rating agency S&P said China's recovery should continue but at an uneven pace, with investment and industry lagging
Indian real estate is undergoing a flight to quality
India is seeing a pervasive and systematic upgrade in quality of real estate, not just volume growth
TCS levy: Credit card holders may have to file declaration with banks
Beginning next month, overseas expenses on credit cards exceeding Rs 7 lakh will be subject to a 20 percent TCS. However, if such expenses is incurred for medical or educational purpose, the TCS would be levied at 5 percent
Indian banks’ net non-performing assets at 15-year low
“During India’s lost decade under Congress, India’s banking system was wrecked with sky high NPAs by crony lending to friends and families,” Rajeev Chandrasekhar tweeted
FD Interest Rates for Senior Citizens: Know benefits, eligibility and more
Senior Citizen Fixed Deposits (FDs) are term deposit plans that are available to anyone over 60 and offer preferential interest rates. In India, senior citizen fixed-term deposits have interest rates ranging from 3.00 per cent to 8.10 percent
Want to update Aadhaar card via myAadhaar portal? Step-by-step guide here
Ensure that your address and name are correct before uploading your Aadhaar card details. Errors in these documents could result in your update request being rejected
Form 16: Time of issuance; steps to download
One of the most crucial forms required to file taxes for those who are employed is Form 16. It mentions the amount of TDS and other deductions applied to your salary
TCS of 20% on foreign travel from 1 July; know 3 ways you can avoid high tax on your next trip
Many taxpayers are concerned that they might experience financial difficulties because they would now be charged an additional 20 per cent by TCS on credit card purchases made while travelling abroad and booking overseas tour packages
Know how much SBI Chairman Dinesh Khara earned in FY23
There has been a long-standing controversy about the salary disparity between top bankers at private and public sector banks
LIC Jeevan Umang policy: Investment, maturity, eligibility, benefits and more
The LIC Jeevan Umang policy provides you with a lump sum payment on the maturity of the policy or in case the policyholder passes away during the term of the policy
EPFO eases EPS pension process by listing required documents; take a look
EPFO's latest circular applies to employees who do not have proof of joint requests/undertakings/permissions for EPF contributions on full/high salaries above the wage limit
Vijay Kedia: Man who struggled for Rs 14, now has a net worth of Rs 800 crore
Vijay Kedia currently heads Kedia Securities Private Limited, the firm's primary activities include investing in the 'listed' and 'unlisted' spaces
RBI Governor Shaktikanta Das named ‘Governor of the Year’ at Central Banking Awards 2023
The organisers said RBI Governor Shaktikanta Das is behind critical reforms and has ensured smooth management of world-leading payments innovation and led India through difficult times
Pan-Aadhaar Link: Deadline 30 June, here's how to check status
Linking Aadhaar and PAN is not mandatory for people who are residents of Jammu and Kashmir, Assam, and Meghalaya. People who are not Indian citizens are also exempted from this process
Made a mistake in filing income tax returns? Here's how you can submit a revised ITR
A revised return can be filed before the end of the relevant Assessment Year (AY) or before the end of the assessment process, whichever comes first
Egypt drubs dollar in trade with BRICS nations
Egypt now seeks to use local currencies to pay for its imports from India, China, and Russia – key members of the BRICS
V Jagannathan: Man who built a Rs 30,000-crore firm, set to start 'new' project at 79
'For men may come and men may go, but our company will go forever,' the veteran said on being asked about his Star Health's future