It is estimated that there are around 20-22 crore businesses and other entities in India that have dubious identities and are engaged in dubious transactions. The move to introduce PAN as a unique identity for these entities will bring them under the purview of the government authorities. 

The fact that the Indian banking system has been beset with the problem of a huge pile-up of corporate bad debts is a matter of grave concern. The gravity of the problem is evident from the fact that at the end of September 2017, the total GNPAs in the Indian banking system was a whopping Rs 8,36,782 crore.

To curb the bankers’ proclivity to delay the passage of benefits of RBI’s policy rate cuts to the customers, RBI has now asked the banks to link the base rate with the MCLR with effect from April 1, 2018. Read on to know more...

The intra-day crash of 1,600 points in the Dow Jones on February 5 and the more than 1,200 points opening gap in the Sensex on February 6 left the investors gasping for breath, literally. The prime accused seem to be high inflation and the rising yields on US T-bills. 

The imposition of 10 per cent tax on LTCG exceeding Rs 1 lakh made from the sale of stock and equity mutual fund units held for over one year implies that the benefit of holding the stocks and mutual fund units for a year or more will not be available from April 1, 2018, onwards. However, ULIPs are exempted from LTCG tax. Let's us check how they compare against ELSS...

Tracking error is a measure to analyse index funds. The basic premise of investing into index funds is to achieve the returns which are commensurate to that of the targeted benchmark Index. An Index Fund is a mutual fund scheme that invests in the stocks which constitute benchmark index by replicating the weightage given to the securities on the benchmark.

The three exchanges, NSE, BSE, MSEI in consultation with the Finance Ministry and SEBI decided to terminate the data sharing licenses given to foreign exchanges. This data is used to enabled foreign exchanges settle trade at their end. Read on to how more...

The company's EBITDA for the quarter jumped to Rs 4.7 crore with a corresponding margin expansion of 937 bps. Its EBITDA margin for the quarter stood at 10.9 per cent.

The PAT for the quarter came in at Rs 105.06 crore, an increase of 128.3 per cent YoY. This PAT growth was attributed to sharp jump in other income to Rs 16.17 crore, as against Rs 4.74 crore in the corresponding quarter of last year. 

The operating loss for the quarter came in at Rs 4.47 crore, as against operating loss of Rs 1.35 crore in the corresponding quarter previous year. This increase in operating loss was on account of sharp jump in other expenses by 87.9 per cent YoY.