India’s Goods and Services Tax (GST) collections have doubled in the past five years, reaching a record ₹22.08 lakh crore in FY25, a 9.4% year-on-year growth. The average monthly GST collection in FY25 stood at ₹1.84 lakh crore, improving from…
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The government has approved an extension for Bhanu Pratap Sharma. He will continue as the chairman of the Financial Services Institutions Bureau. His term is extended for one year. The extension is effective from July 1, 2025. It will last…
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Standard Chartered Plc is being sued for $2.7 billion by liquidators of Malaysia’s 1MDB fund, who allege the bank enabled over 100 intrabank transfers between 2009 and 2013 that helped launder stolen funds, Bloomberg reported. The UK-based bank, sued in…
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Adani Enterprises plans to raise up to Rs 1,000 crore through a retail bond issue opening next week, offering annual coupons between 8.95% and 9.30%. This marks their second retail bond sale within a year, following a similar issue in…
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Hero Motors has refiled its DRHP with SEBI for an IPO, increasing the issue size to Rs 1,200 crore. The IPO includes a fresh issue of shares worth Rs 800 crore and an offer for sale of Rs 400 crore…
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Sumitomo Mitsui Banking Corporation (SMBC) is seeking regulatory approval from the CCI to acquire a 20% stake in Yes Bank, marking a significant cross-border investment in the Indian banking sector. This move follows an agreement where SBI and seven other…
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