InCred Financial Services, an Indian lending firm, is preparing for an initial public offering. The company aims to raise approximately 40 billion rupees. Discussions are underway with advisers like IIFL Securities and Kotak Mahindra Bank. The IPO could happen by…
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Finance Minister Nirmala Sitharaman urged stakeholders to address UPI infrastructure gaps, aiming for one billion daily transactions in 2-3 years. She stressed enhancing cybersecurity, global expansion, and onboarding more users and merchants to ensure resilience amid recent service disruptions and…
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The Central Board of Direct Taxes is updating income tax return forms. This aims to address income underreporting. The new forms will seek more details on exemptions and expenditures. This includes information on expensive holidays. The goal is to identify…
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Adani Green stated that an independent review found no non-compliance related to U.S. bribery allegations against Gautam Adani and top executives. The company maintains adherence to laws and anticipates no material impact from U.S. proceedings. Despite the indictment, Vneet Jaain…
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The Trump administration is set to ease the impact of automotive tariffs by reducing duties on foreign parts used in domestic car manufacturing. This move aims to reward companies manufacturing in the U.S. and encourage further domestic investment.
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The rating agency estimates that the tariff-related impact could erode operating profits by Rs2,700-4,500 crore, equivalent to 10-15 per cent of the operating profits of auto component exporters and 3-6 per cent of the overall industry’s operating profits.
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