Paytm Payments Services received in-principle approval from the RBI to operate as an Online Payment Aggregator, subject to compliance with regulatory guidelines. The approval mandates a system audit, including a cyber security assessment, to be completed within six months. Failure…
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Government officials said there was no cause for worry as they expect collections to pick up from next month and meet the projections for the fiscal year. Economists also expect the numbers to improve as the year progresses.
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The Finance Ministry has issued a corrigendum to the Income Tax Bill, 2025, clarifying the interest applicable on short payment of advance tax. The amendment specifies a 3 per cent interest rate on such shortfalls, bringing the clause in line…
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These fab units will be set up at a total cost of ₹4,594 crore.
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Fractal Analytics, India’s first AI unicorn, has filed for an IPO in Mumbai, potentially valuing the company at over $3.5 billion. The IPO aims to raise approximately $560 million, with existing investors selling a significant portion of their shares. Fractal…
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Crisil reports that the 25% tariffs on Indian goods due to Russian oil purchases could render exports to the US “unviable,” impacting sectors like diamond polishing, shrimp, and home textiles. Other sectors with US trade exposure, including garments and chemicals,…
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