ICAI to help Sebi in tackling financial fraud

Chartered accountants’ apex body ICAI will be preparing a research paper to help markets watchdog Sebi in dealing with financial frauds. Illustration: Dominic Xavier/Rediff ICAI president Charanjot Singh Nanda on Saturday said the institute will set up a working group

Are The Rich Paying Less Tax?

They are not just underreporting income; they are reshaping what the income tax system perceives.   There have long been heated debates about the progressive nature of personal income tax (PIT) and the regressive traits of India’s indirect tax system,

Rs 2000 notes worth Rs 6,266 cr still in circulation

The high value Rs 2000 notes worth Rs 6,266 crore are still in circulation after two years of the Reserve Bank withdrawing the currency, according to official data. Photograph: PTI Photo from the Rediff Archives The Rs 2000 banknotes continue

Forex reserves jump $1.98 bn to $688.13 bn

India’s forex reserves increased $1.98 billion to $688.13 billion during the week ended April 25, the RBI said on Friday. Illustration: Dado Ruvic/Reuters This is the eighth consecutive week of a rise in the kitty, which had jumped 8.31 billion

Sensex climbs 260 points on FII buying, hopes of India-US trade deal

BSE benchmark index Sensex ended 260 points higher on Friday amid optimism surrounding a potential India-US trade deal, record high GST collection in April, and continuous foreign fund inflows. Photograph: Savita Kirloskar/Reuters Moreover, a firm trend in global markets also

Cognizant Q1 net income rises 21.4%

Information-technology (IT) services major Cognizant has kept its full-year guidance on revenue growth unchanged at 3.5-6 per cent in constant currency even as the industry is becoming cautious about macro conditions because of tariff wars. Photograph: Chris Helgren/Reuters The Nasdaq-listed

GST revenue hits record high of Rs 2.37 lakh cr in April

Goods and Services Tax (GST) collection rose 12.6 per cent Y-o-Y to an all-time high of about Rs 2.37 lakh crore in April, which the government said shows resilience of the Indian economy and the effectiveness of cooperative federalism. Illustration:

Creativity, not software code, to be main driver of India’s economy: Adobe CEO

Global tech major Adobe Systems’ chief executive Shantanu Narayen on Thursday said creativity, and not software code, will be the main driver of India’s economy in the future. IMAGE: Shantanu Narayen, CEO, Adobe. Photograph: Kind courtesy, Brian Cummings Photography/Wikimedia.org Speaking

Mukesh Ambani’s ambitious vision for the next 10 years

India’s versatile media and entertainment industry can grow more than three-fold to $100 billion in the next decade, creating millions of jobs and a ripple effect across sectors, billionaire Mukesh Ambani said on Thursday. IMAGE: Reliance Industries chairman Mukesh Ambani

After CEO exit, RBI okays IndusInd executives’ panel to run the show

The Reserve Bank of India (RBI) has approved IndusInd Bank’s request to form an executive committee to discharge the duties and responsibilities of the chief executive officer (CEO) for a period of maximum three months or till a new CEO