The Good Glamm Group will dissolve as lenders enforce charges on individual brands, leading to brand-by-brand sales. The company’s restructuring efforts failed due to complex structure and time constraints. Founder Darpan Sanghvi has pledged personal funds to pay pending employee…
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The Delhi High Court has shielded Canon India from coercive actions by revenue authorities concerning alleged excess input tax credit (ITC) and GST short-payments. The court addressed Canon’s petition challenging a Rs 2.24 crore tax demand for FY 2017-18, issuing…
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The Lok Sabha Select Committee has suggested amendments to the Income Tax Bill 2025, focusing on house property income. These revisions aim to align the bill with the Income Tax Act, 1961. Key recommendations include a standard deduction of 30%…
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Yes Bank’s succession plans will be clearer after SMBC’s stake purchase. Prashant Kumar’s tenure got a six-month extension. SMBC applied to RBI and CCI for approvals. The deal finalization awaits these approvals. Kumar anticipates a challenging September quarter for the…
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Over the past five years, the Tata group has significantly enhanced its financial performance, with revenue nearly doubling and net profit more than tripling, reaching ₹15.34 lakh crore and ₹1.13 lakh crore respectively in FY25. This growth, accompanied by a…
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RBI economists caution about underpriced macroeconomic risks and rising global trade tariffs nearing 1930s levels. Despite these challenges, India’s economy demonstrates resilience due to strong fundamentals, easing inflation, and proactive fiscal measures. Improved monsoon prospects and robust services sector growth…
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