The ambitious public scheme Aadhaar that uses biometric data to generate unique identification numbers for citizens, has been pronounced constitutionally valid by the Supreme Court. For a record 38 days, the top court heard some 27 petitions.

The government in 2017 has introduced the aforesaid section in the income tax act making it mandatory for assesses to quote Aadhaar/Enrolment ID of Aadhaar application form for filing of return of income.

The five-judge constitution bench of Supreme Court, led by Chief Justice Dipak Misra, struck down Section 57 of the Aadhaar Act which allowed not only the government but also any private entity to demand Aadhaar.

People have raised several questions over its safety and security, and cited data risks could lead to leakage of personal information.

The new guidelines are applicable for those earning over Rs 2 crore, and those who are required to audit their accounts by a charted accountant.

Interest rate on small saving scheme has been linked to market and government takes a call on these interest rates every quarter.

In the last two RBI rate hikes, the quantum of transmission of the deposit rates has been higher than the lending rates.

Jet Airways , battling with financial woes, is already under the lens of Sebi and the corporate affairs ministry for various violations, including alleged corporate governance lapses.

The stock fell up to 8 percent or 19.55 points to 224.70 level in morning trade on BSE, its fresh 52-week low.  At 10:52 am, the stock was trading 5.22% or 12.75 points lower at 231.50. The stock which closed at 244.25 opened at 224.70 in trade today.

Interest rates on government securities have been rising for quite some time but the government did not hike the interest rates in last quarter which started from June.

Rana Kapoor to retire as Yes Bank MD and CEO by January 2019; Samara-Amazon bags Aditya Birla Group's retail chain; Gujarat Assembly increases MLAs' salary by at least Rs 45,000; and Alibaba's Jack Ma warns US-China trade war could drag for 20 years. Watch more in this episode of Business Wrap.

Income tax officials inspect books of Jet Airways in Mumbai, Delhi officesThe Income Tax Department on Wednesday swooped down on the premises of Jet Airways in Mumbai and Delhi to carry out an inspection of the books of the crisis-ridden airline for alleged falsification of accounts and siphoning of funds. As many as 50 tax officials are reported to have been pressed into action for the survey operation under Section 133A of the Income Tax Act at the Naresh Goyal-led airline's And...

The tax department is also examining the airline's deal with Godrej Buildcon where Jet is said to have received Rs 1,725 crore as a monetary consideration.

The case has been filed based on a charge sheet filed by the Income Tax department against D K Shivakumar early this year before a special court in Bengaluru on charges of alleged tax evasion and hawala transactions worth crores.

Launched by Romeo Ravva, Rrajesh Patil and Bennet D'cunha in 2015, Ezy Mov was started as a wheelchair taxi service for the differently-abled. 

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The Dagar family must realign investments and focus more on equity exposure to meet their long-term goals, says Financial Planner

Enhanced and flexible plans in life and health segments meet the varied needs of digital-age consumers.

As many as 44 shareholders of Flipkart, including significant ones like SoftBank, Naspers, venture fund Accel Partners and eBay, had sold their holdings to Walmart.

Besides, SEBI is expected to deliberate on a proposal on doing away with the requirement of one per cent security deposits for public issuance of debt securities.