Dissenting banks say unresolved pleas for a forensic audit and asset trailing to be conducted on Subhash Chandra’s financials to probe how his networth fell from more than Rs 40,562 crore when he issued the guarantees to Rs 32 crore…
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The income-tax tribunal ruled in favor of Spencer Stuart International BV. Executive search fees were not treated as technical services under the tax treaty. The tribunal deleted a tax addition related to expense reimbursements. A separate dispute concerning management fees…
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The DGGI has issued show-cause notices to Mahadev Book promoters for over ₹40,603 crore. These notices propose GST demands and penalties for alleged non-payment of taxes. The transactions linked to the betting network occurred between April 2020 and March 2024.…
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The chairman of the State Bank of India underscores the nation’s economic resilience, emphasizing the bank’s robust standing in the financial sector. With a growth forecast of 7.5% and inflation consistent with RBI predictions, SBI is gearing up for a…
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HDFC Bank and LIC Housing Finance will challenge the NCLT ruling on the Zee Group debt settlement. The approved plan includes a small payment from Subhash Chandra as guarantor. Several lenders had opposed this repayment plan, which was approved by…
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India Inc’s revenue growth is expected to moderate to 13-15% in Q2 FY27 from 21.3% in Q1, ICRA said. Higher input costs could squeeze margins, while domestic consumption supports growth and weak global demand pressures export-oriented sectors.
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