IREDA plans to raise Rs 2,500-3,000 crore via QIP this fiscal, diluting another 3.76% of government stake after a successful IPO. The company aims to boost its lending power to Rs 30,000 crore. IREDA’s loan book surged to Rs 79,941…
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The Income Tax Department is offering relief to taxpayers who received demand notices for short deduction or collection of TDS/TCS due to transactions with in-operative PAN holders. Taxpayers can avoid penalties if the PAN is linked with Aadhaar by a…
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PNB Housing Finance reported a strong first quarter for fiscal year 2025, with net profit increasing by 23% to Rs 534 crore. The company’s total income also grew to Rs 2,082 crore, driven by higher interest income. Improvement in asset…
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However, to ensure oversight from an anti-money laundering and countering the financing of terrorism (AML/CFT) perspective, the Financial Intelligence Unit (FIU-IND) registers Virtual Asset Service Providers (VASPs) under the Prevention of Money Laundering Act (PMLA), he said in a written…
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Anup Kumar Saha resigned as managing director of Bajaj Finance, a few months after his appointment, citing personal reasons. This comes as Saha is among the CEO candidates shortlisted for IndusInd Bank. Consequently, Rajeev Jain has been re-designated as vice-chairman…
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The Goa cabinet has approved amendments to the Goa Tax on Infrastructure Act, 2009, allowing infrastructure tax/service charge collection in two installments. Fifty percent will be collected upon technical clearance/development permission, and the remaining fifty percent upon issuing the completion…
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