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Free PAN in seconds! Here’s how to get instant Permanent Account Number from IT department

The Income Tax department has launched an ‘instant’ Aadhaar-based PAN allotment service for individuals seeking to obtain the unique identity for the first time. “This facility is free of cost and instant allotment of e-PAN is available only for a limited period on first-come-first-serve basis for valid Aadhaar holders,” the department said in a recent

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Delhiites note this great news! Delhi Metro to be linked with all transport systems in NCR soon

The Delhi Metro will be linked to other public transport systems in all cities in the Delhi-NCR region within one year to ensure “last mile connectivity”, an official of the Ministry of Housing and Urban Affairs has said. Union Minister of State for Housing and Urban Affairs Hardeep Singh Puri has asked the Delhi Metro Rail Corporation

Sebi
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Sebi tweaks rules for IPOs, buybacks and takeovers

The Securities and Exchange Board of India (Sebi) on Thursday eased several rules relating to Initial Public Offers (IPO), rights issues, buybacks and takeovers. The regulator’s board approved these changes as also those relating tenures of managing directors of market intermediaries. The capital markets watchdog reduced the time for announcing the price band of initial

Pnb bank
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What led to huge PNB fraud and how few rogue employees escaped detection

A $2 billion fraud at India’s Punjab National Bank (PNB) may have been orchestrated by a few rogue employees, but it escaped detection because of widespread risk-control and monitoring lapses in many areas of the bank, the bank’s own internal probe has found. PNB, India’s second-biggest state-controlled lender, has previously alleged that a handful of

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Brazil, India corporate debt most vulnerable to rate hikes, McKinsey says

LONDON – A 200-basis-point increase in interest rates could cause a sharp rise in emerging-market corporate debt at risk of default, with Brazilian and Indian companies most vulnerable, a report from McKinsey Global Institute showed. Following a decade of loose monetary policy and historically low interest rates aimed at boosting economic growth after the 2008-9

crude oil
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Brent crude oil prices drop by $4 a barrel in 4 days: This is the biggest reason behind plunge

Oil prices fell further on Monday, pulled down by an expectation that producer club OPEC and its allies will increase supplies. Brent crude futures, the international benchmark for oil prices, were at $73.05 per barrel at 0036 GMT, down 39 cents, or 0.5 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures

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NPA in India: Banks wrote off 4.8 lakh crore bad loans since 2009; check full list

In a major development, banks have largely written off a record Rs 1,44,093 crore of bad loans in the financial year ending March 2018. The figure has gone up by 61.8 per cent from Rs 89,048 crore in the previous fiscal, according to an Indian Express report. Of the amount, public sector banks have written

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Trump-Kim meeting LIVE updates

US President vows to solve ‘big problem’, North Korea leader advocates for ‘peace’ Trump-Kim meeting LIVE updates: US President Donald Trump and North Korean leader Kim Jong-un have created history with an unprecedented summit that saw both of them shaking hands. Trump and Kim are now participating in a one-on-one meeting, after initial greeting, and

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Banks get back 70% of amount claimed from 12 bankruptcy-hit companies, realisation doubles in Q4

Lenders of 12 bankruptcy-hit companies were able to get back 70% of the total amount claimed in the January-March 2018 quarter, the latest data released by Insolvency and Bankruptcy Board of India (IBBI) showed. The amount realised by financial creditors increased from just 27% in the October- December quarter to 70% in the quarter ended March. The

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Sensex snaps 2-day rally on profit-booking; focus shifts to G7 meeting

The benchmark BSE Sensex dipped 19 points to close at 35,443.67 today after two straight sessions of robust gains due to profit-booking in power, metal, FMCG and banking stocks. Overseas, European stocks followed Asian peers lower after a mixed close on Wall Street overnight amid uncertainty over global trade relations ahead of a key G7 meeting. The 30-share