India abstained from voting on IMF loans to Pakistan, citing concerns about the nation’s history of misusing funds and sponsoring cross-border terrorism. New Delhi questioned the efficacy of repeated IMF bailouts for Pakistan, highlighting its poor track record of adhering…
Read More
The Centre’s Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry has notified the expansion of the Credit Guarantee Scheme for Startups (CGSS) which increases the ceiling on guarantee cover per borrower from Rs 10…
Read More
According to the RBI, ranking of loan offers will only be allowed if based on publicly disclosed metrics, and this should not be interpreted as favouring any particular lender.
Read More
The Institute of Chartered Accountants of India (ICAI), the world’s largest accounting body, set up by an Act of Parliament under the Chartered Accountants Act, 1949 for the regulation and development of the profession of Chartered Accountancy in India, has…
Read More
IndusInd Bank acknowledges an independent review flagged potential insider trading issues involving its CEO and deputy, who traded shares before public disclosure of accounting lapses. The bank is reviewing the findings and will take necessary legal steps. Moody’s Ratings has…
Read More
State Bank of India will reduce its stake in Yes Bank to just over 10%, while Japan’s SMBC will hold 20% after acquiring a 13.19% stake for 88.89 billion rupees ($1.04 billion).
Read More