L&T Finance Holdings, an arm of engineering major L&T, on Sunday reported a net profit of Rs 552 crore in Q4FY19, a 94% year-on-year growth. The profit rose on account of a 22.5% increase y-o-y in its total income. The net profit was Rs 270 crore in Q4FY18.

Total income came in at Rs 3,383.9 crore, up 22.5% y-o-y pushed up by a higher interest income, which rose by 25.5% to Rs 3,058 crore. The net interest margin rose by 44 basis points y-o-y to 5.08%.

GST officers are working on a system where businesses above a certain turnover threshold will have to generate 'e-invoice' on government or GST portal for every sale, thereby effectively reducing the room for tax evasion.

To start with, businesses above a specified threshold will just get a unique number for every electronic invoice or e-invoice generated. This number can be matched with the invoices reported in the sales return and taxes paid, an official said.

Indian cricketer Mahendra Singh Dhoni has moved the Supreme Court seeking protection of his ownership rights on an over 5,500-square feet penthouse he booked 10 year ago in a project of embattled Amrapali Group.

Dhoni filed an application in the court through his lawyer, after receiving a notice from apex court-appointed forensic auditors seeking clarification on certain aspects of the purchase.

The five-hour shutdown of Air India's check-in software, which occurred Saturday morning, is still causing its ripple effect as the airline said 137 flights will be running with a delay on Sunday.

The average duration of delay -- on these 137 flights of Sunday -- would be of 197 minutes, the airline's spokesperson said.

The National Aviator's Guild (NAG), which represents pilots of the grounded carrier Jet Airways, Saturday requested Prime Minister Narendra Modi to "direct" the airline's lender State Bank of India to release one month's salary of all the employees.

In a late evening e-mail to the prime minister, the guild also sought government's directive to "stop de-registration" of the airline's aircraft, which are now being leased by other domestic carriers.

It is getting tougher for H-1B visa holders in the US to switch jobs even if the new job is similar to the old and requires the same exact skill sets.

According to a report in Times of India, the US citizenship and Immigration Services ( USCIS) has denied several applications by the new employer by citing that the new position does not constitute a 'specialty occupation.

Chennai: The recent FDI regulations on the e-commerce sector had a minimal impact on Amazon’s business in the March quarter. The regulations had come into the force from February 2019.

‘In India last quarter was an uncertain period with the FDI ruling. We made some changes to our structure to stay in compliance with all regulations. There were a few days of downtime for some of our selection. But for the full quarter the impact was minimal.

New Delhi: State Bank of India (SBI) offers several types of deposit schemes for short-term and long-term investments. Fixed deposits (FDs) and recurring deposits (RDs) are two such products offered by SBI that earn higher interest rates.

The Supreme Court on Friday gave the Reserve Bank of India (RBI) “a last opportunity” to withdraw a November 2016 Disclosure Policy to the extent to which it stonewalls revelation of every other kind of information under the Right to Information Act, including the list of wilful defaulters and annual inspection reports.

Maruti Suzuki India chairman RC Bhargava on Friday said the third production line of 2.5 lakh units would be commissioned by April 2020 at Suzuki’s Gujarat plant situated at Hansalpur. Speaking to mediapersons, Bhargava said currently two production lines are operational with aggregate capacity of 500,000 units. Suzuki Motor’s 100% subsidiary Suzuki Motor Gujarat has set up a state-of-the-art car manufacturing plant in Gujarat and first car from the plant rolled out in September 2017.

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