YES Bank on Friday launched the RuPay Debit Card, in association with NPCI. It is a domestic debit card and will be accepted at over 190,000 ATMs and one million point of sale (PoS) terminals in the country.

German automobile firm Volkswagen is planning to make India a low-cost manufacturing hub, which will cater to emerging and developed markets.

Also, as part of Prime Minister Narendra Modi’s Make-in-India initiative, the company will be spending Rs 1,500 crore on localisation and producing cost-effective products, Volkswagen India chief representative Mahesh Kodumudi told the PTI on the sidelines of the Hannover Fair in Germany.

The country's largest information technology (IT) services provider, Tata Consultancy Services (TCS), believes the huge cash payout in FY15 will not affect its cash flow or its ability to invest in growth areas. The company also said that the idea behind the bonus payout was to allow the 250,000 employees to use it the way they want to.

Rajesh Gopinathan, chief financial officer, said that even after the payout of Rs 2,628 crore as employee bonus, the company is left with an additional cash reserve of Rs 1,000 crore.

Widening its net to check generation of black money, the Income Tax department has introduced significant changes in the income tax return form starting assessment year 2015-16. Taxpayers will now have to disclose instances of foreign travel, details of their bank accounts in the country along with usage of balance in capital gain account schemes.

Relief obtained on account of tax treaties will also need to be mentioned in the returns for 2015-16.

The Maharashtra Food and Drug Administration (FDA) has ordered a search of all the offices and warehouses of online retailer Snapdeal, following complaints that the company was selling prescription drugs without proper licence.

Other online retail giants such as Flipkart and Amazon will also be reviewed for possible breach of law, said FDA commissioner Dr. Harshdeep Kamble.

In a fresh crackdown on suspected tax evasion and laundering of black money through stock markets, regulator Securities and Exchange Board of India (SEBI) on Friday barred Mishka Finance and Trading and 128 other entities from the securities market.

While the total amount involved could not be ascertained, these entities are estimated to have shown fictitious capital gains to the tune of Rs.254 crore and just 29 of them made unlawful gains to the tune of Rs. 92 crore on an investment of just Rs. 2 crore.

A suicide bomb attack on a bank branch in the eastern Afghan city of Jalalabad has killed at least 30 people, officials said.

Ahmad Zia Abdulzai, spokesman for the provincial governor in Nangarhar province, said on Saturday that more than 80 people were also wounded in the attack in Jalalabad, the provincial capital.

Hazaribagh, April 17: NTPC's plan to develop three coal blocks in Jharkhand, held up since 2005 because of violent land protests across Hazaribagh district, may finally see the light of day with the PSU coming to an understanding with local residents on compensation.

Today, National Thermal Power Corporation agreed to pay villagers, who have been farming illegally on government land and have been classified as "encroachers" by the district administration, to ensure that work could begin at the three coal blocks of Pankri Barwadih, Chatti Bariatu and Keredari.

MUMBAI: Riding on superior refinery margins, Reliance Industries (RIL) regained its position as India's most profitable firm on Friday. It reported an 8.5% jump in its FY15 fourth quarter net profit to Rs 6,381 crore (over $1 billion) on a consolidated basis, compared to the same period a year ago. TCS had displaced RIL from the numero uno position in Q3 as RIL profits fell for the first time in two years to Rs 5,256 crore.

This effectively means that RIL profits have grown over 21% over the last quarter. This jump came even as its earnings from the petrochemicals business fell while the domestic gas business continued to disappoint.

It won't be easy to hold her recently-acquired number one position in the world rankings but ace Indian shuttler Saina Nehwal says she is confident of a long reign at the top and is prepared to put in the extra effort for it.

"It will be tough maintaining the number one ranking, but people should respect that I have been the first one to reach number one slot," Saina told PTI in an interview.

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