Despite global economic uncertainties, India’s services exports surged by 11.4% to $345 billion in 2023, outpacing China, whose shipments from the sector shrank by 10.1% to $381 billion, as per a UNCTAD report. Key sectors driving India’s growth include travel,…
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Many businesses, who were served with goods and services tax (GST) notices in December 2023 and January of this year following the extension of the notice issuance deadline, have taken their grievances to various high courts, contesting the legal legitimacy…
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In addition to this loan, Adani Green is planning to raise a $1.3 billion bond in the next two months, after the general elections. Last month, it became the first Adani Group company to raise funds through a dollar note…
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Reserve Bank of India on Wednesday halted Kotak Mahindra to onboard customers for its digital-only zero-balance saving accounts. Ashok Vaswani, MD & CEO of Kotak Mahindra Bank released a letter assuring uninterrupted services to the pre existing customers. Read on…
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The regulator noted that the financial statements of VWL were materially misstated due to partial recognition of interest cost on borrowings classified as Non-Performing Assets (NPAs) by banks in FY20, resulting in overstatement of profits.
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India’s finance ministry highlighted the country’s “promising economic performance,” citing resilient growth, stable prices, and a strong external sector in its monthly economic report for March. Despite global uncertainties, India’s economy remains robust, driven by factors like domestic demand, investment,…
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