The Reserve Bank of India has reassured the public about HDFC Bank’s strong governance and financials following recent board changes. The central bank acknowledged the transition for the part-time chairman role, approving an interim appointment. Despite a former chairman’s concerns,…
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Regulator points to network-level independence issues, flawed revenue assessment and missing related-party disclosures; MSKA says processes aligned with standards, remediation underway.
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Twenty-two Indian ships carrying vital oil and gas are stuck in the Persian Gulf. These vessels are waiting to pass through the Strait of Hormuz amid ongoing conflict. India faces significant disruptions to its energy supplies. Efforts are underway to…
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Nazara Technologies is acquiring a 50% controlling stake in Spain-based Bluetile Games and its platform BestPlay Systems for $100.3 million, marking its largest deal to date. This strategic move aims to bolster Nazara’s core gaming strategy by integrating Bluetile’s AI-driven…
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India’s Supreme Court is re-examining the definition of ‘industry’ under labor laws. A nine-judge bench is considering if the 1978 ‘triple test’ still applies in today’s liberalized economy. The ruling will impact which organizations, including government welfare activities and private…
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The overall net direct tax mop-up includes net corporate tax of ₹10.91 lakh crore, non-corporate tax of ₹11.32 lakh crore and securities transaction tax (STT) of ₹55,717 crore.
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