Revised RBI norms on bank guarantees could squeeze proprietary traders by sharply reducing leverage and raising funding costs, potentially hurting derivatives trading volumes. Analysts say the move, along with higher STT, may weigh on the valuations of exchange operators such…
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Tribunal dismisses appeal against NFRA’s disciplinary action, holding that auditors cannot rely solely on management representations or anticipated settlements. Ruling underscores the mandatory nature of auditing standards, professional scepticism and robust audit documentation.
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India’s Central Board of Direct Taxes has set the Cost Inflation Index at 384 for the financial year 2026-27. This index is pivotal in gauging the inflation-driven changes in costs over time. Annually published through gazette notices, it pertains to…
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Home Credit India will acquire Varthana Finance in an all-cash deal valued at Rs 967 crore. This transaction will make Varthana a wholly owned subsidiary of Home Credit India. The acquisition aims to diversify portfolios and improve business mix for…
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The Indian equity markets opened in positive territory with both benchmark indices opening with a gap-up. Nifty is holding around the 24,000 level during the last few trading sessions while Sensex maintained above 77,000 levels.
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The slower pace of deposit mobilisation also creates downside risk to its first-quarter deposit growth estimates for both SBI and ICICI Bank.
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