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  A bad bank is an asset reconstruction company that takes over bad loans The Indian banking sector has been saddled with non-performing assets for some time now. Stressed assets in the sector have mounted over the years due to a slew of factors ranging from project cost overruns and …

  As of 1:52 pm, the Sensex was up 0.24 per cent or 144 points at 59,284 The Indian equity benchmarks pared gains as investors booked profits at record highs ahead of the weekend as volatility spiked. Earlier in the day, the Sensex rose as much as 596 points to …

  Since its listing in 2019 IRCTC shares have rallied nearly six times. Shares of the Indian railways catering, tourism and online ticketing arm – Indian Railway Catering and Tourism Corporation (IRCTC) – rose as much as 6.56 per cent to hit a record high of Rs 4,017 on the …

  Shares of Indian airlines InterGlobe Aviation and SpiceJet surged on Friday after regulatory data showed that passenger growth jumped 136.6 per cent last month as the government started to ease COVID-related travel restrictions. The government had halted air travel in March 2020 as the country went into a lockdown …

  The S&P BSE Sensex and NSE Nifty 50 indexes snapped their three-day record-breaking streak as investors booked profits in recent outperforming state-run banking, metal, information technology, FMCG and pharma shares ahead of the weekend as volatility spiked. Earlier in the day, Sensex rose as much as 596 points to …

  Currently, food delivery apps are registered as Tax Collectedat Source (TCS). New Delhi: The Goods and Services Tax (GST) Council may discuss on a proposal to treat online food delivery platforms like Swiggy and Zomato as restaurants and levy 5% of GST on their supplies. Currently, these food delivery …

  Nirmala Sitharaman addressed the media after an in-person meeting of the GST Council New Delhi: Finance Minister Nirmala Sitharaman on Friday announced that the GST Council has decided to extend the concessional rates on drugs used in COVID-19 treatment till December 31, 2020. The previous deadline was September 30. …

The Council discussed the topic of inclusion of petrol and diesel within the GST ambit (Representational) New Delhi: Finance Minister Nirmala Sitharaman on Friday stated that the Goods and Services Tax (GST) Council discussed the topic of inclusion of petrol and diesel under the tax structure after the Kerala High …

  Nirmala Sitharaman chaired the 45th GST Council meeting in Lucknow on Friday. New Delhi: The Goods and Services Tax (GST) Council on Friday decided to extend compensation cess till March 2026 for repaying loans. “Detailed financial statements have been worked out, based on which we learn that cess will …

  IRDAI said that it decided to push the deadline in view of the continuing situation of Covid-19. New Delhi: The Insurance Regulatory and Development Authority of India (IRDAI) has extended the deadline for insurance companies to issue new health insurance policies in electronic form and without the requirement of …