Given the spread between interest offered on FCNR deposits and interest charged on loans, a 10% WTH on loan interest on tax grossed-up basis would erase effective returns. Where spreads are thin and final yield is generated through higher leverage,…
Read More
GST Network has postponed two e-way bill system enhancements. These changes were scheduled for implementation starting August 1. Industry feedback highlighted implementation difficulties with existing systems. The government is reconsidering the design of these proposed changes. This decision allows for…
Read More
The Central Board of Indirect Taxes and Customs is preparing a new framework that will streamline departmental appeals involving multiple states. Field formations will gain clarity on filing appeals before the GST Appellate Tribunal. Jurisdictional commissioners will independently decide on…
Read More
Nifty 50 companies now contribute only 51% of aggregate profits, down from 87%. Earnings growth has accelerated across the broader Indian corporate universe and mid-sized firms. This shift signals a broadening wealth creation engine beyond just the largest companies. Financials…
Read More
Companies are gearing up for a stronger festive hiring season this year. Temporary recruitment is expected to exceed last year’s levels significantly. This surge is driven by resilient domestic consumption and expanding retail sectors. Ecommerce and logistics companies are leading…
Read More
In the fiscal year 2025-26, HDFC Bank allocated over Rs 1,316 crore towards various CSR initiatives, significantly enhancing the lives of over 10.77 crore individuals. Their cumulative CSR outlay has reached around Rs 7,492 crore, with the Holistic Rural Development…
Read More