RBI seen cutting rates by 50 bps as Trump tariffs weigh on growth
The full economic impact of US tariffs will show up after September, forcing the RBI to acknowledge downside risks at the October policy review, says Nomura.
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Industry to sit down with RBI for tariff assessment
Labour-intensive sectors like textiles and gems are expected to be heavily affected.
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Online investment platform Groww receives Sebi nod to launch IPO
The IPO size is estimated to be in the range of $800 million to $1 billion. Groww’s equity shares would have a face value of Rs 2 each and will be listed on both the NSE and the BSE. The…
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NFRA chairperson says audit committees need to ensure independence of auditors
The National Financial Reporting Authority (NFRA) has been taking steps to boost sound financial reporting practices and is also taking action against auditing lapses.
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CBI court accepts closure note in NSE co-location linked case
A CBI court in Delhi accepted a closure report in the NSE co-location scam case. The CBI had filed a case against Chitra Ramkrishna, Ravi Narain, Sanjay Pandey, and some brokerage houses. The agency cited insufficient evidence of criminal intent.…
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Delhi HC stays ₹329 cr tax penalty on Vivo Mobile India
Similarly, the court also stayed a similar order passed against Oppo India, which has also challenged various demand orders passed by the TPO. According to the sources, the penalty for the seven assessment years (2016-23) for Oppo Mobiles India is…
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