IndusInd Bank is investigating former key management personnel for potential accounting fraud, leading to a significant net loss of ₹2,328 crore in Q4 and a 71% drop in FY25 net profit. The probe revealed concealed wrongful practices and misleading information…
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Indian Renewable Energy Dev Agency Ltd (IREDA) said on Wednesday that it has approached the Debt Recovery Tribunal (DRT), Delhi, seeking recovery of default amounting to over ₹729 crore from Gensol Engineering Limited and Gensol EV Lease Pvt Ltd.
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The Trump administration’s proposed 5% tax on foreign remittances is unlikely to significantly affect the Indian economy, according to officials and economists. The actual impact depends on whether the levy can be offset against tax liability.
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US-INDIA-CENBANK-Indian lenders seek overnight liquidity ops, easier reserve norms from central bank, sources say
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The Supreme Court has dismissed the finance ministry’s plea to review its October judgement, which allowed real estate companies to claim input tax credits (ITC) on construction costs for commercial buildings meant for renting.
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New Delhi [India], Select suppliers who provide taxable goods or services are subject to reverse GST (Goods and Services Tax). The recipient of services or goods, not the supplier, is responsible for paying GST under the reverse charge mechanism. This…
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