Business

Former finance minister P Chidambaram, who feels the Union Budget for 2017-18 is "aimless and directionless", says the government should immediately cut indirect taxes across the board to revive the sagging economy.

Rajan said that in an era of widespread democracy one cannot have a system which works only for some, and not for others. “The markets need political support. We need to further that debate. And Chicago has always played an important role in that debate....

Ousted Tata Sons Chairman Cyrus Mistry was on Monday removed as director of the company with shareholders voting in favour of his removal with "requisite majority".

TCS CEO Natarajan Chandrasekaran was one of the two directors who did not attend the November 8 meeting of the RBI's all-powerful Central Board that was called within a day of government's "advice" to the central bank to consider junking old 500 and 1000...

The Budget rally entered the second day on Thursday after the Sensex closed at nearly a 4-month high of 28,227, driven by healthcare and IT stocks amid mixed global shares.

Government plans to form a giant national oil company by combining other state-owned firms, finance minister Arun Jaitley said on Wednesday to expand its foreign presence to meet growing domestic fuel demand.

Finance Minister Arun Jaitley said on Wednesday the Union Budget for 2017-18 will push growth, promote digital economy and bring transparency in political funding.

Seeking to assuage concerns of overseas investors, the government on Wednesday announced relief for well-regulated FPIs from tax liability arising out of sale of assets or shares in a foreign company due to redemption of an investment within India.

Continuing with government steps to clamp down on black money, Finance Minister Arun Jaitley on Wednesday proposed to ban all cash transactions above Rs 3 lakh beginning April 1, 2017.

On the demonetisation issue, Bhattacharya said normalcy in cash availability is expected to be back by the end of February.

Addressing investors' concerns ahead of GAAR implementation from April 1, the tax department on Friday said it will not interplay with their right to choose a method of transaction and won't apply if routing of funds through a jurisdiction is "based on no...

"The issue the industry is facing today is lack of transparency," said Somasundaram, speaking in an interview as the WGC published a report on the Indian gold trade. "This is addressed by demonetisation...Consumers will be forced to pay by cheque or digit...

Further, a higher opening in the domestic equity market influenced the rupee uptrend, they added.

Finance minister Arun Jaitley may announce several measures to revamp farm infrastructure and support farmers, an official familiar with the matter, told Mint.

The government is preparing to focus on infrastructure, agriculture and banks as well as specific measures to ease pain in the rural economy as part of the 2016-17 Budget, Times of India reported quoting anonymous officials.

US President Donald Trump's 'Buy American and Hire American' slogan may hit the markets and weaken the rupee, The Economic Times has said.