Lenders may oppose the draft rules, which proposes provisioning of up to 5% from current 0.4%, due to concerns over rising interest rates and potential disruption to capital expenditure. Banks plan to lobby against the steep increase, arguing it could…
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The Indian stock market faced a sharp decline at the start of the trading day, with the Sensex dropping 601 points to 73,294. This decline mirrored a widespread sell-off during late morning trading on Tuesday. The Nifty also experienced a…
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Aditya Birla Finance invoked loan guarantees from Paytm due to defaults. Partnership stress with other lenders. Paytm’s lending business faces challenges post central bank’s ban. Changes in top management. Reduced consumer loan portfolio to less than 1%.
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The ministry is planning to enable the companies concerned to settle such claims after following the due processes and obtaining the IEPFA approval, said the person, who did not wish to be identified.
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Finance Minister Nirmala Sitharaman on Monday administered the oath of integrity and secrecy to Justice Sanjaya Kumar Mishra (Retd) as the President of the GST Appellate Tribunal (GSTAT).
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On Monday, the Supreme Court declined to address a plea filed by various traders’ associations contesting the legality of Section 43B(H) within the Income Tax Act. This section mandates that businesses settle their outstanding payments with micro, small, and medium…
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