If one needs any proof that public sector banks (PSBs) are being looted in broad daylight by fraudsters, scamsters, cheats and swindlers of all kinds, here it is: PSBs made upfront provision of Rs 3.79 lakh crore (Rs 3.79 trillion) between March 2014 and June 2017 towards their stressed loans. 

There are many reasons for filing IT return even if your earnings are not taxable. Read on to know more...

The Reserve Bank of India (RBI) has asked payment operators in India to store their transaction data only in India. The RBI has directed the payment operators to comply with its order by October 25, 2018.

The Central government is considering giving tax concession, subject to a maximum limit, to start-ups that have received investments from angel investors. The move is aimed at encouraging budding entrepreneurs in the country.

After China’s retaliation with $50 billion tariffs on 106 US products, US further aggravated the situation by imposing $100 billion worth of more tariffs on imports from China. This led to more volatility and slump in oil prices.

The bank which has been the talk of D-Street since the unveiling of Nirav Modi scam in January, gained as much as 5.3 per cent on Friday. The stock of PNB witnessed a kind of a Symmetric Triangle breakout on the daily time frame with volume spurt.

The total mutual fund assets base has surged over ~Rs. 22 trillion in 2017-18. This was mainly due to a vibrant secondary market, investor awareness campaigns like Mutual fund sahi hai and strong participation, especially from smaller town investors.

Nifty Auto Index is constantly rising with baby steps since March 23 from 10,560 and broke out of a small Channel pattern at 10,997 on April 02. The index broke its major resistance at 11,409 and is trailing above the said levels since April 5.

Adding another feather to its cap, packaging major Uflex introduced a customised formulation that renders barrier packaging for edible-oil re-processable on Friday. Following the development, the company’s share price surged by around one per cent on the bourses in Friday’s trade.

Following stocks are close to their 52-week low as at 2.30 p.m. on April 6, 2018.