Lilavati Kirtilal Mehta Medical Trust accuses HDFC Bank’s Sashidhar Jagdishan of accepting a bribe. The trust denies any outstanding dues to the bank. They claim no connection to Splendour Gems Ltd. HDFC Bank counters, stating the trust is trying to…
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Reserve Bank of India Deputy Governor, M. Rajeshwar Rao, addressed concerns about the microfinance sector. He highlighted issues such as high interest rates and coercive recovery practices. These contribute to borrower over-indebtedness. Rao urged lenders to reform and strengthen credit…
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CBIC has amended its earlier circular mandating Document Identification Number (DIN) for show cause notices and GST orders, stating that DIN is not required if the notice is issued through the GST portal and already carries a reference number.
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Indian companies experienced a slowdown in profit growth during FY25, with PAT growth dropping to 9% from 21% in the previous year. This deceleration was attributed to soft demand, weak top-line performance, and reduced capital expenditure. While cost rationalization provided…
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Hiring intentions among Indian employers, second only to those in the United Arab Emirates, are 18 percentage points higher than the global average of 24%, up 12 percentage points year-on-year and down one percentage point from the previous quarter, according…
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Force Motors Ltd has appointed Rishi Luharuka as its new Group CFO and Key Managerial Personnel, effective June 10, following Sanjay Kumar Bohra’s resignation on June 9. Luharuka’s appointment, approved by the Board, is part of a senior leadership restructuring…
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