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...

Accordingly, the monthly salary of the MLAs will be hiked to Rs 1.16 lakh as against the existing Rs 70,727, a rise of about 64 per cent.

Parrikar was earlier receiving treatment for pancreatic ailment at a hospital in Goa's North Candolim. He had returned from the US in the first week of September and was absent from public life ever since.

Kerala has been hit by the worst-ever floods in a century. So far, over 357 people have lost their lives and over 10,000 people evacuated from the worst-affected areas of southern state.

Nitin Gadkari also spoke about the Goa-Mumbai waterway and said that it is now open for regular boat service. A private shipping company had also recently announced its service connecting Mumbai to Goa.

On the occasion of his government's fourth anniversary today, Prime Minister Narendra Modi launched a survey on his app, asking people to rate the performance of the BJP-led dispensation at the Centre and MPs and MLAs in their constituencies.

While there is little doubt now that if the opposition decides to band together and fight unitedly, it can defeat the BJP - it happened when the RJD and the JDU came together in Bihar, and again when BSP and SP came to an understanding in the UP bypolls - the real question is what happens once the BJP has been defeated.

The swearing in ceremony will be held on Monday between 10:00 am and 1:00 pm. Also, Congress and JD(S) MLAs would convene tonight to discuss the agenda of the alliance and to find out ways to run a stable government.

Congress and JD(S) were ferried out of Karnataka in Sharma Transports' buses, but there stands a reason behind choosing this particular travel agency.

Just two days after taking oath as the Chief Minister, Karnataka BJP leader BS Yeddyurappa resigned ahead of the crucial vote of confidence on the floor of the house.

The satta bazaar is closely following the developments coming from the political area of Karnataka as Rs 5,000 crore rides on the outcome of the floor test scheduled to happen at 4:00 pm today.

While opposing tomorrow's floor test, former attorney general Mukul Rohatgi, who was representing BJP in the apex court said that since the Congress MLAs are not in Bengaluru, the floor test should be postponed.

An all-out political war has erupted across Karnataka and other states after Governor Vajubhai Vala invited BS Yeddyurappa-led BJP to form the government in the southern state. According to a survey by the Centre for Media Studies, the current election in Karnataka is a \"money guzzler\" election, with all the political parties collectively spending around Rs 9,500 to Rs 10,500 crore in this Assembly election. Watch BusinessToday.In Editor Rajeev Dubey talk about Karnataka election and the money spent around it.

The BJP acted true to form as well, just as it had in Goa and Bihar and other states where it failed to get enough seats of its own.

The Congress party, wary of its MLAs shifting loyalties amidst horse-trading attempts by the BJP, even took them away to a luxury hotel in Bengaluru - the famous Eagleton Resort where the Gujarat Congress had also flown its MLAs in a same situation in 2017 - only to realise two of its MLAs, Anand Singh and Pratapgouda Patil, were missing from the flock.

After a late night hearing at the Supreme Court, BJP's legislative party leader BS Yeddyurappa was sworn-in as the Chief Minister of Karnataka.

After a dozen winning Congress MLAs didn't attend the party meeting on Wednesday, the Congress party has decided to move all winning MLAs to Eagleton Resort in Bengaluru where they will stay for the next few days. Interestingly, it was the same hotel where 44 Congress MLAs from Gujarat were flown in during the Rajya Sabha elections last year.