The income tax department has sent notices to Paisabazaar, a subsidiary of PB Fintech, under the Prohibition of Benami Property Transactions Act, 1988, and section 142(1) of the Income Tax Act, 1961. This is part of a broader investigation into…
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India’s GST regime is highly complex with over 50 different cess rates, possibly reaching 100, highlighting the need for reform. Former Chief Economic Adviser Arvind Subramanian emphasizes the need for simplification and rate rationalization, while addressing issues of excessive tax…
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Adani Group’s CFO Jugeshinder Singh asserts that the group does not require external capital for its growth plans despite recent US charges. Highlighting the group’s strong cash reserves, Singh also mentioned Adani Green Energy’s withdrawn bond offering and the upcoming…
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India’s GDP is likely to drop below 6.5 per cent in FY25, with Q2 growth slowing to 5.4 per cent. The manufacturing sector faced significant declines, impacting overall economic performance. Despite resilience in services and agriculture sectors, industrial sluggishness pulled…
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Adani Group’s CFO refuted U.S. allegations of a $265 million bribery scheme involving Chairman Gautam Adani and other executives. The CFO firmly stated that the claims are baseless and that nothing of that sort happened. The group plans to take…
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However, shares of Adani Power declined 1.01 per cent and Sanghi Industries dipped 0.45 per cent.
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