Mizuho Financial Group is set to acquire KKR-backed Avendus Capital for $700 million, marking Mizuho’s largest investment in India. The deal involves KKR’s exit and will give Mizuho up to 70% ownership. Avendus founders, excluding Ranu Vohra, will remain invested…
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”These guidelines are meant to promote networking amongst one or more chartered accountant firm (s) registered with ICAI with networks or entities established and registered outside India in their respective jurisdiction,” ICAI said on Friday while issuing the draft guidelines.
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The Reserve Bank of India has reiterated its concerns regarding cryptocurrencies, emphasizing their potential to destabilize financial stability and monetary policy. While a government committee is reviewing the matter, the Supreme Court has urged the Centre to establish a clear…
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Infosys has received closure from the DGGI on a GST demand notice of over Rs 30,000 crore, related to reverse-charge payments for services from overseas branches between 2017 and 2022. The company confirmed compliance with regulations and stated the matter…
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Home, personal, and car loans tied to external benchmarks, such as the repo rate, will see an immediate downward reduction. However, loans tied to the marginal cost of funds-based lending rate (MCLR), like corporate exposures, will take longer to head…
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The ministry of statistics and programme implementation (MoSPI) will use the SBR to prepare business outlook/sentiment surveys, people aware of the details told ET.
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