‘Black money’ mountain of a mole hill: Govt discloses eight more names to S...
The government on Monday disclosed in the Supreme Court eight more names against whom it has initiated prosecution under the Income Tax Act for allegedly stashing black money in foreign banks. Those who have been named are: Dabur India promoter Pradip Burman, bullion trader Pankaj Chamanlal... read more »
Japan telecom giant SoftBank to invest $10bn in India
NEW DELHI/ MUMBAI: Japanese telecom and internet giant SoftBank on Monday announced its intent to invest nearly $10 billion (around Rs 60,000 crore) in India over the next few years, with Masayoshi Son, the $92 billion conglomerate’s chairman and founder, expected to kick off investments... read more »
Apple Pay already No. 1, boasts CEO Tim Cook
Apple CEO Tim Cook said Apple’s new mobile payment system Apple Pay had over 1 million activations in the first three days after it became available, and is now more widely used than any competing payment system. “We’re already No. 1. We’re more than the total of the other guys,” Mr. Cook... read more »
IndusInd Bank hits record high on FIPB nod for hike FII limit
Indusind Bank is trading higher by 3% to Rs 703 on National Stock Exchange (NSE) on reports that the Foreign Investment Promotion Board (FIPB) has allowed the bank to raise foreign institutional investors (FII) limit to 74%. The stock opened at Rs 692 and touched a record high of Rs 709 on NSE. A... read more »
