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. 

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.

The stock has been losing for the last three days. It has fallen 26.79% since the beginning of this year and lost 2.66% during the last one year. 

30s come pre-installed with all the worry of the future. Is buying that dress a good idea now, when you can save those extra bucks for your contingency fund? Should you buy that expensive phone, when you can put more than half of it in your retirement fund and still manage to buy an equally good phone?

Vibha Padalkar has been instrumental in listing of HDFC Life at smashing high valuation of close to Rs 95,000 crore.

West Bengal is the third state to slash fuel prices after Rajasthan and Andhra Pradesh reduced the fuel prices by Rs 2.5 per litre and Rs 2 per litre, respectively.

Looking to invest money for short-term, but equities are not your cup of tea? You may consider investing in a fixed-income instrument as one from Tata Group's stable has just hit markets.

Fadnavis added that if the opposition is so concerned about the high fuel prices, it should announce in the states ruled by the Congress or their alliance partners that there would be no tax on petrol and diesel.

The searches are spread across the state but the CBI did not reveal exact locations at this stage, saying it may hamper the ongoing operations.

Vibha Padalkar is focusing on profitable products, risk management and setting high standards for disclosures.

Wipro wins biggest ever contract, over $1.5 billion; income tax dept to wait till September 7 for Walmart to pay tax on Flipkart deal; IKEA's Veg Biryani came with a worm, company fined; Mauritius tops India's FDI charts again in FY 2018; and government plans exam for aspiring independent directors to bolster corporate governance. Watch this episode of Business Wrap.

Even as government pats itself on the back for 71 per cent surge in the number of income tax returns (ITRs) filed upto August 31 this year, the direct tax collection data released by CAG paints an uninspiring picture.