Business

Algorithmic trading case: Income Tax department swoops on former NSE bosses, brokers

The Securities and Exchange Board of India (Sebi) is also investigating the NSE algo trading case to ascertain if brokers made unfair gains in connivance with exchange officials. The Income Tax (I-T) department has searched the premises of former top ...

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Competition Commission Okays Airtel-Tata Teleservices Deal

The deal comes at a time when the telecom sector, bruised by tariff war and mounting losses, is in a consolidation mode. New Delhi: Fair trade regulator CCI has approved Bharti Airtel’s deal to takeover the loss-making consumer mobile business of ...

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Cheque facility may be withdrawn to push digital transactions: CAIT official

Khandelwal was talking to reporters at the launch of ‘Digital Rath’, a joint initiative of the CAIT and Mastercard to encourage traders to adopt different modes of digital transactions and promote a cashless economy. A senior functionary of industry body ...

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New India Assurance profit rises 187.5% in Q2

The rise in profitability was contributed by a significant improvement in the combined ratio, which dropped to 112.57 per cent in the quarter as compared with 124.24 per cent a year ago. Public sector New India Assurance Company, the country’s ...

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Chief Economic Adviser Arvind Subramanian hints at fewer slabs, more items

Retail inflation touched a seven-month high of 3.58 per cent in October. Chief economic adviser (CEA) Arvind Subramanian on Wednesday hinted at further rationalisation of the five-tier goods and services tax (GST) structure and said the GST Council’s decision last ...

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