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MSM Unify appoints Rishi Kapoor as CFO, plans for IPO across India and global markets

MSM Unify has appointed Rishi Kapoor as its new Chief Financial Officer. Kapoor will oversee financial strategy and lead the company’s IPO readiness efforts. The global platform is targeting a dual listing on Indian and international stock exchanges. This strategic…

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NFRA flags 988 audit firms over Form NFRA 2 filing lapses

NFRA has flagged 988 audit firms of listed and unlisted companies that appear not to have filed or have filed incomplete Form NFRA 2 for the 2024 25 reporting period, with 947 firms in the non filing category and 41…

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Citigroup, Axis Bank team up to leverage NRI deposits as RBI dollar inflows surge

Citigroup and Axis Bank have tied up to finance non-resident Indians investing in foreign-currency deposits, leveraging RBI rules that allow standby letters of credit against such deposits. The arrangement could amplify dollar inflows through offshore financing as India seeks to…

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NFRA flags gaps in going concern audits, asks auditors to challenge forecasts, funding claims

NFRA Chairperson Nitin Gupta has flagged gaps in auditors’ assessment of companies’ ability to continue as a going concern, saying audit files do not always show how management assessments were evaluated before auditors reached their conclusions.

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SoftBank plans $6.29 billion corporate bond issuance amid AI fundraising boom

SoftBank is gearing up for a historic bond issuance aimed at securing funding for its robust investments in artificial intelligence. This ambitious seven-year corporate bond aims to raise a staggering one trillion yen from individual investors. With a provisional coupon…

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Rupee little changed, caught between elevated oil and RBI support

The Indian rupee traded within a narrow band on Monday morning. Elevated oil prices fueled dollar demand, while the central bank intervened to stabilize the currency. Traders observed state-run banks offering dollars, likely acting on behalf of the Reserve Bank…

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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.