SBC LLP Raises Pre-Series A Funding at ₹100 Crore Valuation
Strategic investment from the UAE and US-based institutional investors to fuel global expansion and technology innovation.
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Premiumisation and cost discipline steer Pernod Ricard India strategy amid state tax complexity: CFO Richa Singh
The CFO said the company is sharpening financial discipline and decision making as state level regulation, pricing controls and tax variability increasingly influence profitability, capital allocation and long term planning in one of the world’s most tightly regulated alcohol markets.
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Sir Ratan Tata Trust may get formal trust deed as Tata Trusts reviews governance structure
Tata Trusts is reviewing governance for the Sir Ratan Tata Trust. A new trust deed may be drafted. This follows discussions on trustee appointments. The Sir Ratan Tata Trust currently operates under a will. A new ordinance in Maharashtra impacts…
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CRAs need to maintain additional net worth: Sebi
Securities and Exchange Board of India (Sebi) mandates credit rating agencies (CRAs) to maintain additional net worth for rating instruments under other financial sector regulators. This move follows industry representations to allow rating of unlisted securities and other financial products,…
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Non deposit taking NBFCs will continue to be under RBI purview says central bank in draft norms
The Reserve Bank of India has clarified new rules for non-banking finance companies. Certain NBFCs with assets under Rs 1000 crore and no customer interaction can seek exemption from registration. However, these firms remain subject to other RBI regulations. Loans…
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India to end digital services tax, cut agri & industrial tariffs: US
In a major trade agreement with the United States, India is set to abolish its digital services tax, a significant step that could enhance investments in its burgeoning digital industry. The deal also paves the way for reduced tariffs on…
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