The six-member Monetary Policy Committee, headed by Governor Sanjay Malhotra, will meet from June 3 to 5 and announce its decision on June 5. Economists expect the central bank to retain a neutral stance while using the policy statement to…
Read More
Sebi has proposed a relaxation in the net distributable cash flow calculation for road sector InvITs. The regulator will allow debt-funded major maintenance expenses to be added back, addressing industry concerns that current rules discourage project monetization through InvITs.
Read More
Japan’s MUFG is launching a significant $250 million fund for Indian startups. This new fund will focus on early and growth-stage companies, especially in fintech. This move comes as other major investors have slowed their activity. MUFG’s initiative aims to…
Read More
Indian banks anticipate asset quality stress from the second quarter due to the West Asia conflict. Rising fuel prices will reduce consumer spending. Higher input costs will impact corporate profits. Small and medium enterprises face significant pressure. Lenders are becoming…
Read More
The Central Board of Direct Taxes has directed tax officers to be more careful and consistent when using rules against hidden income and assets. This follows a report highlighting inconsistent application that cost the government revenue. These rules help tax…
Read More
IT major Wipro will acquire an additional 20% stake in insurtech firm Aggne Global Inc. The deal is valued at $28.5 million. This acquisition will increase Wipro’s total shareholding in Aggne Global to 80%. The transaction is expected to be…
Read More