Consumer goods companies in India are contemplating a temporary shift away from popular low-price points like ₹5 and ₹10 due to policy ambiguity surrounding new GST slabs. Firms are grappling with the challenge of adjusting prices on existing inventory manufactured…
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State Bank of India anticipates a rise in corporate credit demand this quarter. Bond yields are increasing, making bank loans more attractive. Previously, corporations favoured bonds due to lower rates. Reserve Bank of India’s rate cuts had initially boosted bond…
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India’s Infrastructure Investment Trusts (InvITs) are set for wider participation after the Securities and Exchange Board of India (SEBI) lowered the minimum subscription in privately placed InvITs to ₹25 lakh.
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Over the last six months, ICICI Bank has slashed its home loan rate by more than 105 basis points to 7.7%, while HDFC Bank has cut it by 80 bps to 7.9% over the same stretch. ICICI Bank’s rate, currently…
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Anil Ambani’s Cuffe Parade residence in Mumbai was searched for the first time by CBI on Aug 23, two days after it had registered the FIR in the alleged SBI bank fraud case. After the searches, CBI had claimed that…
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The PHD Chamber of Commerce and Industry has presented concerns about the proposed GST 2.0 to the Central Board of Indirect Taxes and Customs. Issues raised include unutilised Compensation Cess balances and inverted duty structures. Clarification is sought on ITC…
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