The Indian antitrust body raided offices of global advertising giants like GroupM, Dentsu, and Interpublic Group over suspected price collusion. The investigation aims to uncover if these agencies fixed ad rates and discounts, significantly impacting the ad market after the…
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Ashok Hinduja, Chairman of IIHL, reassures that IndusInd Bank’s current crisis is short-term, emphasizing the importance of maintaining trust and credibility. Referencing historical challenges like the Covid-19 era and the 2008 financial crisis, he highlighted the bank’s resilience and value…
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IndusInd International Holdings Ltd has acquired Reliance Capital for Rs 9,650 crore, completing its three-year resolution process. Chairman Ashok Hinduja announced the management takeover will happen on Wednesday. The company aims for a USD 50 billion valuation by 2030, with…
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India has proposed a 12% safeguard duty on select steel imports for 200 days to protect domestic producers. The temporary tax aims to curb rising imports and stabilise the local market. Announced in a government notice on Tuesday, the move…
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Haryana is introducing changes to the GST Act to reduce harassment of traders by transferring scrutiny powers to higher officers, setting up CCTV for transparency, and reducing audit frequency. Small taxpayers with dues under Rs 1 lakh get a 100%…
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If profits are overstated due to unreported losses, the entire financial picture is distorted, can’t just look at the net worth, stated former ICAI President Amarjit Chopra. Chopra said that treasury operations and foreign exchange liabilities should have been thoroughly…
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