On a positive note, the two major equity indices, the Sensex and Nifty, were up slightly on Monday morning. The BSE Sensex increased 251 points to 66,850 at 9.40 a.m. The NSE Nifty, on the other hand, was up 86 points, trading at 19,906. HCL,...

Approximately 500,000 taxpayers got notifications from the Income Tax department about their advance tax payments between April and August of this year. The notifications concerned either no advance tax payments or reduced advance tax payments. The council has provided these indications after evaluating the significant transaction...

Uday Kotak, who established Kotak Mahindra Finance in 1985 and saw it grow into Kotak Bank with a market worth of Rs 3.5 lakh crore, has resigned as MD and CEO. Kotak attempted to explain why leaving four months before the end of his...

According to a term sheet examined by ET, the Gangwal family, the promoter of Indigo Airlines, is expected to sell shares worth $450 million (Rs 3,730 crore) through a block auction on Wednesday. The floor price for the 15.6 million shares, which is Rs 2,400...

There are problems at the "bad bank." After being established a year ago to eliminate sticky debts from high-street banks' books, there are rumblings within the organisation that its distinctive dual framework is not doing as well as the government and its shareholders had...

Benchmark equity indices Sensex and Nifty ended the day more than 5% higher, breaking a two-day losing run, thanks to buying in index heavyweights Tata Consultancy Services and Reliance Industries as well as stable global trends. The 30-share BSE Sensex increased by 367.47 points (0.56%)...