The Finance Industry Development Council has requested a scheme to incentivise electric vehicle financing, pointing out that EV financing is a major bottleneck. The council proposed a dedicated fund for non-bank financial companies to finance EV loans with subsidised interest…
Read More
Sterling and Wilson Renewable Energy Ltd have appointed Ajit Pratap Singh as their new Chief Financial Officer, effective March 24, 2025. He will take over from Sandeep Mathew, who will continue to serve as Head of Investor Relations, thereby ending…
Read More
NFRA has appealed to the Supreme Court against a Delhi HC order, arguing that an Engagement Quality Control Reviewer (EQCR) is not an auditor and cannot face disciplinary action. NFRA claims this order undermines its authority and affects proceedings on…
Read More
During the seven-month period starting June 2024, the RBI’s gross dollar sales amounted to over $53 billion, while gross purchases stood at over $16.5 billion. However, despite the intervention, the rupee continued to weaken.
Read More
While the bank has acknowledged the problem and is conducting an external review, the share price tanked 27 percent on Tuesday and there is uncertainty about whether other areas of financial reporting have similar discrepancies.
Read More
The Gauhati High Court has ruled that fruit pulp and juice-based carbonated drinks fall under the lower 12% GST slab instead of the higher 28%. This ruling benefits manufacturers like X’SS Beverage by classifying these drinks based on their essential…
Read More