The Reserve Bank of India is monitoring a ₹590 crore fraud at IDFC First Bank, with Governor Sanjay Malhotra stating no systemic issues are anticipated. The central bank also plans to release updated retail inflation estimates before the April policy…
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India’s new global networking rules for audit firms, aimed at boosting local players, have introduced stringent compliance and disclosure requirements. While allowing firms to join global networks, the norms mandate registration, appointment of a nodal officer, and arm’s length dealings,…
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Aviation firms InterGlobe and SpiceJet have received significant relief. The Supreme Court has dismissed customs department review petitions. These petitions sought retrospective integrated goods and services tax on reimported aircraft and parts.
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Companies are appealing for the restoration of earlier rates to avoid financial losses on existing shipments and contracts.
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Looking ahead, ICRA expects the domestic CV industry to register a moderate YoY growth of 7–9 per cent in wholesale volumes for FY26
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Jindal Power is securing up to $1 billion in offshore loans to fuel its international expansion, a move offering a much-needed boost to India’s dollar loan market. The conglomerate has already finalized a $500 million loan and aims to raise…
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