Indian banks witnessed a significant surge in credit to industries, with a robust 17.5% annual growth in May. This expansion was fueled by accelerated lending to large corporations and sustained healthy growth in the MSE sector. Advances to agriculture and…
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India’s GST collections for FY2025-26 reached ₹22.27 lakh crore, a slight 0.8% rise, driven by an 11.7% surge in import-related taxes. Domestic collections saw a 2.6% dip. Maharashtra led state contributions with over ₹3.61 lakh crore. The composition of GST…
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Digital lender Fibe, backed by TPG, has filed for an Indian IPO, aiming to raise up to 7.5 billion rupees to expand lending to middle-income consumers. The company reported a significant jump in revenue and profit for fiscal 2026. Existing…
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The CBIC has clarified how GST proceedings continue when businesses relocate their principal place of business. Actions taken by the original tax authority remain valid even after a taxpayer shifts jurisdiction. The new jurisdictional officer will now handle all pending…
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The Reserve Bank of India (RBI) has issued a compounding order under Section 15 of the Foreign Exchange Management Act (FEMA), in the case of Touras India Private Limited, which has resulted in the termination of proceedings against the company…
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Based on the recommendations of the Nomination and Remuneration Committee and the Audit Committee, the IRFC Board approved the appointment of Ranjay Choudhary as Additional Director, designated as Director (Finance), for a five-year term. His appointment follows an order issued…
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