The Corporate Affairs Ministry will act on Gensol Engineering following a Sebi order against the company and its promoters for securities violations. Accusations involve siphoning loan funds and misleading disclosures, raising corporate governance concerns. The ministry is reviewing the Sebi…
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The Reserve Bank of India has eased liquidity coverage ratio (LCR) norms for banks, giving them more flexibility in managing funds. The final rules, effective April 2026, reduce the run-off factor for retail deposits accessed via internet and mobile banking.
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IndusInd Bank has appointed EY to conduct a forensic audit into a ₹600 crore discrepancy related to interest income in its microfinance portfolio, flagged during the statutory audit. This investigation aims to identify any lapses and determine accountability. It is…
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Landowners are contesting Goods and Services Tax (GST) demands on joint development agreements (JDAs), arguing that transferring development rights shouldn’t attract GST. They’ve approached courts in Mumbai, Telangana, and Delhi-NCR seeking relief. The dispute centers on whether this transfer qualifies…
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The appeal comes amid continuing air quality challenges in Indian cities and the country’s need for alternative clean transportation solutions.
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”The Central and State Governments and GSTN have taken various steps to prevent fake ITC claims, including providing intelligence inputs, detecting fraudulent registration, and suspicious e-way bill activity,” an official told PTI.
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