Sebi exempted Mehta Family Trust from an open offer for Saurashtra Cement shares. This exemption allows internal family reorganisation and succession planning. Jay Mahendra Mehta and Juhi Chawla Mehta are trustees of the family trust. The transaction involves indirect acquisition…
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Indian companies’ external commercial borrowings proposals saw a significant jump in May. Total filings reached USD 4.74 billion, a notable increase from April’s figures. Prominent firms like Indian Railway Finance Corporation and NTPC filed substantial borrowing intentions. Kisetsu Saison Finance…
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Axis Bank has strengthened its balance sheet with better corporate underwriting and an improving deposit franchise. However, weakening funding quality and rising stress in parts of the retail loan book remain key concerns.
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Indian stock markets Sensex and Nifty rebounded in early trade on Wednesday. This rebound followed a sharp decline in the previous trading session. Softer-than-expected US inflation data reinforced expectations of a less aggressive Fed policy. Global cues turned supportive as…
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Tax experts say GSTAT’s token-based appeal mechanism is a pragmatic safeguard against portal-related disruptions, but caution that its long-term success will depend on statutory clarity, robust digital safeguards and a resilient e-filing system to prevent fresh litigation.
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Uttar Pradesh RERA has issued new guidelines for homebuyers seeking GST refunds. Eligible homebuyers overcharged GST can now claim refunds through the GST department. Promoters must strictly adhere to the Central government’s notified GST rates. If a project is cancelled…
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