RBI is unwilling to budge, but the pressure has been building up. Apart from the US companies already lobbying for a deadline extension, the co-chairs of the US Senate India Caucus wrote to Prime Minister Narendra Modi on Friday requesting a relaxation in the norms.

The tax compliance level on due date reached an average of 65% by April this year from around 55-57% in September-October last year.

Foreign investors push panic button; pull out Rs 9,300 crore in 4 daysForeign investors have pulled out over Rs 9,300 crore from the Indian capital markets in the last four working days on unabated fall in rupee and rise in crude oil price. The latest withdrawal comes following a net outflow of over Rs 21,000 crore from the capital markets (both equity and debt) last month. Prior to that, they had put in a net amount of Rs 7,400 crore in July-August.IIP, inflation, rupee to drive ...

Finance Minister Arun Jaitley on Monday blamed the aggressive lending by public sector banks (PSBs) under UPA rule for rise in NPAs.

The lower limit will be effective from October 31 and will impact many SBI customers since these cards constitute a sizeable chunk of the bank's card portfolio.

How ultra-rich stay rich; their world of trusts, private bankers and offshore destinations.

As the number of uber-rich continues to rise, expect heated action in high-end retail in the coming years.