RBL Bank has received a show-cause notice involving a GST demand of over Rs 173 crore. This demand relates to input tax credit claimed for the fiscal year 2022-23. The bank intends to respond to the notice from Maharashtra state’s…
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Indian corporations are showing resilience with a robust credit ratio of 3.2x, as reported by ICRA. This positive trend is fueled by enhanced business strength and asset quality, while downgrades remain minimal. However, challenges like high crude prices and weak…
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JSW Cement has decided to merge with its subsidiary Shiva Cement to form a unified cement platform. This merger aims to unlock operational and financial synergies, enhancing backward integration and reducing external procurement. Additionally, it is expected to streamline the…
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As India’s investment universe expands, portfolio management services (PMS) could potentially grow at more than 20 per cent annually, Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey said on Wednesday.
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Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey on Wednesday said regulation for portfolio managers must evolve with the industry’s growth, with the market regulator seeking to reduce unnecessary compliance friction while enabling innovation without compromising investor…
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Panel backs two buybacks a year for specified companies but wants equity share limit retained in law, narrowing scope for a higher percentage to be prescribed.
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