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India and France have updated their tax treaty. This agreement changes how dividends are taxed between the two nations. French companies with large stakes in Indian firms will see a [...]
In January, India's economic landscape showcased resilience, with industrial production and service sectors experiencing consistent growth. Publicly traded companies noted impressive sales figures, particularly within the manufacturing domain. Anticipated trade [...]
Gujarat's Finance Minister Kanu Desai unveiled a ₹4,08,053 crore budget for 2026-27. The plan prioritizes developing six regions as growth hubs. Significant funds are allocated for sports infrastructure to prepare [...]
The government is pushing states to quickly approve and implement projects under the Special Assistance to States for Capital Expenditure scheme. Over ₹1.04 lakh crore has already been released. With [...]
The amount of cash circulating in the economy has hit an all-time peak of Rs 40 lakh crore in January, after rising 11.1% year-on-year. Yet, interestingly, the cash-to-GDP ratio has [...]
RBI Governor Sanjay Malhotra urged MSMEs to embrace formalization, credit discipline, and digital payments for enhanced resilience and competitiveness. The central bank reiterated its commitment to improving access to timely [...]
India needs patient capital to achieve its $10 trillion GDP target by 2035, according to Spark Capital's Y Rama Rao. He highlighted the success of South Korea and Singapore in [...]
India has emerged as Japan's most promising market, driving significant Japanese investment. Mizuho Bank Global CEO Masahiko Kato highlighted a strategic push to build an India-Japan corridor, supporting businesses in [...]
Public sector companies and four major government bodies maintained their capital spending this fiscal year. Their expenditure reached ₹6.67 lakh crore by January, nearly matching last year's ₹6.79 lakh crore. [...]
In a significant ruling, the Bombay High Court has reaffirmed that summonses issued under the CGST Act serve solely for the purpose of inquiries and recording statements, and do not [...]
Over Rs 72,000 crore in unclaimed bank deposits are held by the RBI's DEA Fund by January 2026. Steps are being taken to help people find their lost money. The [...]
More than 24 lakh income tax returns remain unprocessed for over 90 days. This is out of nearly 8.80 crore returns filed for Assessment Year 2025-26 by February 4, 2026. [...]
Asian nations are quietly challenging the dollar's global dominance, moving beyond mere rhetoric. China's digital yuan (e-CNY) now offers interest, making it competitive with bank deposits. Meanwhile, the mBridge platform, [...]
EPFO subscribers will soon be able to withdraw provident fund directly into their bank accounts via UPI using a new mobile app launching in April. This initiative aims to streamline [...]
A joint panel will be formed by the corporate affairs ministry and CBDT by March-end. This initiative aims to align tax computation rules with accounting standards. The move will reduce [...]
Market News
IDFC First Bank's stock plummeted 16% after a ₹590 crore fraud was discovered at its Chandigarh branch. This incident has significantly dented its valuation multiple, shrinking its price-book ratio to [...]
Nifty extended its gains for a second consecutive session, closing at 25,711 on Monday. Analysts anticipate a range-bound market with a positive bias, driven by domestic sector-specific momentum amidst mixed [...]
Markets saw a modest rise amidst volatility, gaining nearly half a percent on positive global sentiment. Several companies like IDFC First Bank, NBCC, Hindustan Zinc, Samvardhana Motherson, BPCL, Bharti Airtel, [...]
The Reserve Bank of India is closely monitoring a ₹590 crore fraud case linked to IDFC First Bank, with Governor Sanjay Malhotra stressing that it does not pose a systemic [...]
Indian equity benchmarks rose on Monday, with the Nifty and Sensex gaining 0.6% amid mixed investor sentiment. While optimism surrounded lower US tariffs, renewed negotiation uncertainty loomed. Foreign portfolio investors [...]
Jefferies has downgraded several major Indian IT stocks, including Infosys and TCS, citing AI-related disruptions and greater downside risks. The brokerage shifted its preference to mid-sized IT firms, identifying Coforge, [...]
Bharti Airtel is injecting ₹20,000 crore into its new NBFC, Airtel Money, to fuel its next growth phase. This move aims to expand financial services across India by leveraging Airtel's [...]
The International Financial Services Centres Authority (IFSCA) plans to set up special purpose vehicles (SPVs) to issue insurance-linked securities like catastrophe bonds, aiming to diversify insurance risk beyond traditional reinsurance. [...]
Commercial sector credit surged 14.7% year-on-year to over Rs 300 lakh crore by end-January, indicating increased loan demand following RBI's 125-basis-point rate cuts. Banks have regained market share, with incremental [...]
In Haryana, a suspected Rs 590 crore fraud related to deposits at IDFC First Bank is under official scrutiny. Acting on Chief Minister Nayab Singh Saini’s orders, both the Anti-Corruption [...]
AU Small Finance Bank has initiated a review of its operations after being delisted from the Haryana government’s panel over alleged irregularities. The bank maintains that no financial loss or [...]
Government deposits in private banks face scrutiny after a suspected fraud at IDFC First Bank. This could lead to funds moving to state-run banks like SBI and PNB. IDFC First [...]
IDFC FIRST Bank will get Rs 35 crore from its employee dishonesty insurance. This follows a Rs 590 crore fraud at its Chandigarh branch. The bank's management confirmed this to [...]
Indian markets enter Tuesday’s session with momentum after gains in the Sensex and Nifty, but analysts say direction will hinge on key resistance levels, volatility trends in India VIX and [...]
Sebi chief Tuhin Kanta Pandey said the regulator plans a comprehensive overhaul of PMS rules to improve suitability, governance, and conduct, while also examining industry representations on the RBI’s new [...]
