Kotak Mahindra Bank CTO Bhavnish Lathia resigns less than a year after appointment
Kotak Mahindra Bank faces leadership churn as CTO Bhavnish Lathia resigns citing personal reasons for a US relocation, less than a year into his role.
Read More
Domestic MFs double their holdings in new-age startups over a year
These institutions accumulated significant stakes in consumer internet firms Eternal, Swiggy, Nykaa and PB Fintech this past year, despite mixed share performance. They also bought into companies such as Lenskart, Groww, Meesho and PhysicsWallah that entered the public market in…
Read More
RBI relaxes MSME loan norms amid banks' corporate loan book revival
The regulatory easing comes as lenders report a revival in corporate credit demand, led by sectors such as oil and gas, infrastructure, metals, power and large non-bank financial companies.
Read More
Centre assures equal tax treatment for domestic, foreign data centre players
Domestic and foreign companies will be treated on a par when it comes to tax benefits for data centres, Union IT and electronics minister Ashwini Vaishnaw said on Saturday, citing a post-budget clarification issued by the finance ministry that offers…
Read More
Parliament watch: Falling Re to give exports an edge; states, UTs granted GST compensation
Scheduled Commercial Banks have achieved a historic low in their Gross NPA ratio. India requires 307 GW of thermal power capacity by 2034-35. A falling rupee is expected to boost exports. External debt remains sustainable. CAG audit identified deviations in…
Read More
GSTAT finds Wai Wai noodles maker guilty of GST profiteering
The Goods and Services Tax Appellate Tribunal has ordered instant noodle maker CG Foods to deposit over ₹90 lakh into the Consumer Welfare Fund. The tribunal found the company profiteered by not passing on a GST rate cut benefit to…
Read More