Tax professionals say the CBDT’s extension of audit and ITR deadlines for AY 2025–26 provides critical compliance relief but leaves transfer pricing taxpayers burdened by unchanged timelines. As experts welcome the move, questions arise — why has relief not been…
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Ford Motor Co. is investing approximately $370 million in India to revive a factory and produce high-end engines for export. This move signals renewed confidence in India as a manufacturing base, despite past losses and geopolitical tensions. The Maraimalai Nagar…
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China has restarted supplying heavy rare earth magnets to India after a six-month halt. This brings relief to Indian companies in electric vehicle, renewable energy, and consumer electronics sectors. However, China has imposed conditions. These magnets cannot be re-exported to…
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Banks are proactively setting aside extra funds. This is in preparation for a new expected credit loss framework starting in 2027. Some lenders are also covering anticipated stress in microfinance loans. This move aims to strengthen balance sheets ahead of…
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Lenskart Solutions is set to raise over ₹7,000 crore through its upcoming IPO. The eyewear retailer aims to fund expansion and acquisitions. Despite a growing revenue and a recent profit, the company’s valuation appears high. Lenskart operates in a competitive…
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The Institute of Chartered Accountants of India plans to submit its own revised auditing standard to the government. This move could reignite a dispute with the National Financial Reporting Authority over SA600. The ICAI believes its concerns were overlooked by…
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