Walmart Inc. has lured a pair of senior Goldman Sachs bankers to help lead a new fintech startup as the retail giant muscles into the banking business. Omer Ismail, the head of Goldman’s consumer bank,…
Rs 1.7 lakh-crore disinvestment target very much achievable,…
By Tamanna InamdarAir India, BPCL, Concor and BML disinvestment should be done with due process in the new financial year, says Amitabh Kant, CEO, NITI Aayog. Has this Budget really delivered what was expected? It…
Nio deliveries in January quadruple from a year…
Bin Li, CEO of Chinese electric vehicle start-up NIO Inc., celebrates after ringing a bell as NIO stock begins trading on the floor of the New York Stock Exchange (NYSE) during the company's initial public…
View: FM sets out big ideas to bring…
Finance Minister Nirmala Sitharaman has offered several positive announcements for the startup ecosystem, like the extension of the capital gains exemption, social security benefits for gig workers and the introduction of oneperson companies, which are…
Bank credit grows by 6.36%, deposits by 11.41%
Mumbai: Bank credit grew 6.36 per cent to Rs 106.41 lakh crore, while deposits increased by 11.41 per cent to Rs 146.25 lakh crore in the fortnight ended January 15, RBI data showed. In the…
Robinhood raises trading limit on GameStop further to…
Robinhood continued to ease trading restrictions on Monday, raising its trading limit on GameStop to 20 shares.Robinhood's changes are slight. Clients who already own more than 20 shares of GameStop cannot buy any new shares.…
Budget 2021: 400 old duty exemptions to get…
Presenting the Budget 2021, Finance Minister Nirmala Sitharaman proposed to review more than 400 old exemptions in customs this year. The government is to put into place a new customs duty structure by Oct-1, 2021,…
Startups get tax breaks for one more year…
Mumbai: Finance Minister Nirmala Sitharaman has announced tax incentives for startups, including an extension in capital gains exemption by one year, in Union Budget 2021-22. The eligibility for claiming tax holiday for startups will also…
Tax dept won’t be able to re-open ITR…
Tax payers need not live in fear of their tax assessments being re-opened many years after they file their income tax return (ITR) anymore. The finance minister, in her budget speech, announced that the period…