Petroleum products, which will be within the purview of the Goods and Services Tax (GST) slated to be implemented from July 1, would, however, continue to be taxed as per the current taxation regime until the GST Council agrees on applying GST to these products, Finance Minister Arun Jaitley said on Thursday. ....

The CBI has arrested two senior State Bank of India (SBI) officials for misappropriating funds of around Rs 12.40 lakh by violating the RBI guidelines imposed during demonetisation, an official said on Wednesday. ....

In yet another move to curb black money in India, the government on Tuesday proposed a fresh ceiling of Rs 2 lakh on cash transactions, which is lower than the Rs 3 lakh proposed in Budget 2017-18. ....

The Indian media and entertainment industry is projected to grow at 13.9 per cent compound annual growth rate (CAGR) over 2016-21 to reach Rs 2.41 lakh crore by 2021, said a study released here on Wednesday. ....

Reliance Communications has received an approval of the Competition Commission of India (CCI) for the proposed merger with Aircel, a company statement said here on Monday. ....

In one of the biggest mergers in the telecom space, Vodafone India and Aditya Birla Group-promoted Idea Cellular on Monday announced their much-awaited amalgamation. ....

Prime Minister Narendra Modi said on Sunday that India should become an international diamond trading hub in addition to its present status as cutting and polishing hub. ....

State-run United Bank of India on Friday said the central government will infuse Rs 418 crore capital in the bank as a part of turnaround-linked capital infusion plan. ....

As Reliance Jio moves to open up its prime membership from April 1, Bharti Airtel is seen to be the most aggressive rival to match its prices, a research report has said. ....

As many as 29 lakh debit cards, which were connected to Hitachi's switch, came under malware attack last year, Parliament was informed on Friday. ....