The members would also visit factories in China to evaluate plant operations and examine possibilities for deepening localisation of components, the people said. This would include a visit to the BYD car plant.
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RBI clearly does not want banks to be active in this market. Banks and companies are now selling dollars domestically and buying in overseas NDF which is the opposite of what they were doing last month,” said a senior bank…
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”In light of the amendments in the taxation framework introduced by the Income Tax Act, the then concerns for the discontinuation of buy-back of shares or other specified securities from open markthrough stock exchange, i.e. tax-induced inequity among public shareholders,…
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Those grappling with such orders argue that the Income tax (I-T) department stands on flimsy ground as their firms have already paid tax on such payments.
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The Indian banking and financial services (BFSI) sector is poised for a gradual recovery after a challenging FY26, with improving earnings visibility and structural tailwinds expected to drive medium-term performance, according to a recent report by Motilal Oswal Financial Services…
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Industry chamber PHDCCI said the measure directly lowers input costs for downstream industries by removing customs duty, thereby reducing landed prices of imported feedstock and intermediates. This cost reduction is expected to lead to margin protection, particularly for sectors with…
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