Indian banks are likely to keep asset quality under control over the next two years, with gross non-performing assets (NPAs) projected at 2.0-2.2 per cent by March 2027, only a shade higher than the estimated historic low of 2.0 per…
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The Delhi High Court ruled that company share buybacks below fair market value do not constitute taxable income, distinguishing them from asset acquisition. The court affirmed that such repurchases are capital restructuring, not profit generation, and upheld the Income Tax…
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The Income Tax Department is moving the Supreme Court in Geppact tax case. This follows a Delhi High Court ruling that blocked reopening Genpact Consulting Singapore’s tax assessment for 2014-15. The department claims the share sale was a tax avoidance…
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According to the ministry, the amendments seek to simplify procedures, reduce the number of forms and duplicate filings, enable wider use of electronic communication, align with other regulatory frameworks (such as GST and IBC), and clarify grey areas like liability…
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Kadimi Tool Manufacturing Co. , a player in the fastener and cold forging industry, recently made its first global acquisition with the US-based Rol-flo Engineering Inc.
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India’s young workforce faces significant stress and anxiety upon entering jobs. A new report reveals a sharp rise in mental health challenges among those under 25. While early career employees dominate, personal and workplace issues are increasingly prevalent. Many experience…
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