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Banks told to have stricter norms for eligibility of forensic auditors

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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Hyundai, Jio-bp partner to expand EV charging access to over 37,000 points

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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Where has India’s $73 billion gone? Inside the RBI’s great dollar haul

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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IIFL Home Finance faces INR 963.39 crore tax demand following search assessment

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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Indian Industry pushes for regulatory harmonisation, mutual recognition of standards with Japan

Indian industry has flagged the need for greater regulatory harmonisation and mutual recognition of certification and quality standards with Japan, FICCI President Anant Goenka said, as he accompanies Commerce and Industry Minister Piyush Goyal on a Japan visit along with…

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Inorbit Malls expands footprint with acquisition of Prozone malls in Coimbatore and Chhatrapati Sambhaji Nagar

Inorbit Malls has acquired two retail properties from Prozone Realty Limited. This expansion adds significant shopping destinations to its growing portfolio. The Coimbatore mall serves a growing consumer base with its large design. The Chhatrapati Sambhaji Nagar property is the…

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7 aggressive hybrid funds delivered 12%+ 5-year SIP returns; Bank of India led with 16.5%
Seven aggressive hybrid funds delivered 12% or more in five-year SIP returns, led by Bank of India Aggressive Hybrid Fund at 16.50%. However, performance varied widely among the category’s largest schemes, with HDFC Aggressive Hybrid Fund returning 5.99% and ICICI Prudential delivering 12.26%.
Gold and silver price today, Sept 28: Check retail rates of 24K, 22K gold and 999 silver in Mumbai, Delhi, other cities
Gold and silver prices in India witnessed a sharp drop during early trading hours on Monday. Check retail rates of the precious metals in top metro cities of the country.
₹85.30 lakh cash gifts from relatives: ITAT says donors’ low income alone isn’t enough to reject genuine gifts
The Chennai ITAT deleted an ₹85.30 lakh tax addition on cash gifts after the taxpayer produced gift deeds, ITRs and financial statements, while all five donors confirmed the gifts. The tribunal said the initial burden under Section 68 was discharged.
Customers may not be able to use UPI at mobile stores on October 2; why retailers are protesting
Mobile retailers  have called for a 'No UPI Day' protest on October 2, during which customers may not be able to use UPI for making payments at mobile shops. Here's why the protest is happening and what are their demands.
Can money collected for someone else be taxed as your income? ITAT ruling on ₹20.33 lakh cash deposits
An 89-year-old retired principal said ₹20.33 lakh deposited in his bank accounts represented hostel fees collected for an education society, with only ₹2,251 left as surplus. The ITAT has sent the case back to the tax officer to verify the records and determine who actually owned the money.
Tax audit due date remains Sept 30: No extension yet — Here's how much penalty you could face for late filing
The September 30 deadline for taxpayers to submit tax audit reports is approaching, with no extensions granted yet. Here's the penalty for late filing. 
3-day bank strike deferred: What happened during union body meet? Will SBI, HDFC Bank now remain open 5 days a week?
The nationwide bank strike scheduled for 28-30 September has been deferred following an agreement between the IBA and the UFBU. The decision offers temporary relief to bank customers, including those of SBI and HDFC Bank, while discussions will focus on a five-day banking week and unresolved issues.
3-day bank strike deferred after bank union body meet: Will SBI, HDFC Bank remain open on Monday, 28 September?
The proposed three-day bank strike from September 28 to 30 has been deferred after the IBA and UFBU reached an understanding. SBI and other public sector bank branches are expected to operate normally on Monday, while private banks such as HDFC Bank will remain open.
Manufacturing mutual funds: Top scheme delivered over 23% in 1 year—did this stellar return come with higher risk?
Manufacturing mutual funds have outperformed their benchmark over the past year, with the top schemes delivering strong returns. But higher returns do not tell the full story. How much volatility did investors take on and did the additional returns come with higher risk?
Your gold or silver ETF holds physical bullion: Here's what SEBI's new vault rules mean for investors
SEBI has approved changes to its vault manager rules, bringing physical bullion underlying gold and silver ETFs under a common framework. The move strengthens requirements around how this bullion is stored, secured, segregated and accounted for.