Exports are likely to be the key driver for mobile phone brands seeking to consistently beat the growth benchmark and maximise incentives under the newly notified Mobile Phone Manufacturing Scheme (MPMS), according to a report by Kotak Institutional Equities.
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In a significant crackdown, the Hyderabad police are probing alleged illegal foreign remittances surpassing Rs 464 crore. These transactions were reportedly made through two deceptive shell companies. A chartered accountant has been accused of providing certificates without proper verification of…
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Banks are tightening their forensic auditor empanelment framework. This action follows Enforcement Directorate observations against two audit firms. Two audit firms have been de-empanelled from the Agencies for Specialised Monitoring list. Lenders will review the framework for empanelling audit firms…
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Under the partnership, Hyundai’s own DC fast-charging stations will also be progressively made available on the Jio-bp Pulse Charge Pro app.
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India has mobilised about $73 billion in foreign currency in under 11 weeks, largely through FCNR(B) deposits, yet the rupee remains near ₹95-96 per dollar. The inflows are primarily strengthening RBI’s foreign-exchange buffers rather than being used to push the…
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The housing finance subsidiary has challenged additions relating to overriding commission, interest strip assets, Section 36(1)(viii) deduction and ESOP expenses, and is pursuing appellate and other remedies.
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