The insurer acquired 12 lakh shares, representing 0.097 per cent stake, of Mahindra Finance through open market transactions.

India's debt to GDP ratio increased from 74 percent to 90 percent during the COVID-19 pandemic, the International Monetary Fund has said

It is proposed to constitute a committee to undertake a comprehensive review of the working of ARCs in the financial sector ecosystem, RBI Governor Shaktikanta Das said

The government on Wednesday reduced the interest on the PPF scheme to 6.4 per cent for the April-June quarter from 7.1 per cent in the January-March period

In separate filings to stock exchanges, Indian Overseas Bank, Bank of India, Central Bank of India and UCO Bank said that the government has infused capital in them.

The interest that you earn from employee's provident fund (EPF) is exempt from tax under the existing tax provisions. However, from FY22, if your EPF contribution goes above Rs 2.5 lakh in a financial year, the interest earned on the excess amount will be taxable

A sharp increase in global crude oil prices has pushed retail rates of petrol and diesel to historic highs. Taxes are partly to be blamed, but reducing excise duties may not be easy for a cash-strapped government

Fifteen years in the making, only 650 km of the dedicated freight corridor has opened. Meeting the 3,381-km target by June 2022 appears a distant dream

As tech helps tax authorities check evasion and fraud, taxpayers complain of harassment and misuse of powers

Income tax rule changes: Union Finance Minister Nirmala Sitharaman had announced new income tax rules in her Union Budget 2021 speech

While the four Codes have been passed by the Parliament and approved by the President, the rules are yet to be notified. Unless these Codes come into effect, no change in the salary structure is expected

We've decided that Air India will be 100 per cent disinvested. The choice isn't between disinvestment and non-disinvestment. It's between disinvestment and closing down, said Civil Aviation Minister Hardeep Singh Puri

Inter-ministerial deliberation between NITI Aayog, Ministry of Finance and Ministry of Railways on the funding model for freight corridor PPP and freight asset monetisation has been inconclusive

The bank issued 335.16 crore shares to the government at an issue price of Rs 16.41 per equity share, aggregating to Rs 5,500 crore.

Centre is planning to invite financial bids for the privatisation of Air India by end of this month. Plan is to wrap up disinvestment process in second half of current calendar year

Sitharaman said that under the Modi government, Indian economy has seen lower inflation, higher GDP growth, record foreign investments and lower fiscal deficit.

Some traders were anticipating this move in the backdrop of expectations that the overall direct tax collection would exceed the revised target

The bill is to set up the proposed development finance institution, which is expected to give impetus to the infrastructure sector by raising long-term funding

Private sector has been given a lot of importance in Union Budget for 2021-22, and areas that have been opened up are \"rich in possibilities\" for individuals and not necessarily just large companies, FM Sitharaman says

Going forward, private vehicles will be de-registered after 20 years if found unfit or in case of failure to renew registration. Enhanced re-registration will be applicable on private vehicles from the 15th year of original registration