The government of India on Tuesday announced the restoration of benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for exports made by Advance Authorization (AA) holders, Export-Oriented Units (EOUs), and units operating in Special Economic…
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US-INDIGO-India’s IndiGo co-founder to sell part of stake in deal worth $800 million, media report says
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The Reserve Bank of India has instructed finance companies to exclude default loss guarantees (DLGs) from fintech firms when provisioning for stressed loans, impacting digital lending service providers. NBFCs must now make full provisions on these loans, diminishing their appeal…
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Auditors have raised concerns about the financial health and practices of Oppo and Realme’s India units, citing bookkeeping issues, incomplete records, and a negative net worth for Oppo. These issues arise amidst ongoing regulatory scrutiny and investigations into the Chinese…
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The Reserve Bank of India (RBI) is seeking government approval to allow domestic banks to lend rupees to overseas borrowers, initially focusing on neighboring countries like Bangladesh, Bhutan, Nepal, and Sri Lanka. This move aims to promote the use of…
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Stock exchanges will now have to seek prior approval from the regulator for modifying the settlement day of their derivatives contracts from the one which has been existing. Under the current framework, stock exchanges could decide upon the expiry day…
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