Several states, including Maharashtra and Kerala, are urging the Union finance ministry to ease borrowing limits. These limits now factor in power dues, unspent central funds, and off-budget borrowings, which states argue restrict their financial plans and legitimate borrowing space.
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In a bold move towards financial stability, India’s Reserve Bank is transforming its foreign exchange strategy. By acquiring more gold and scaling back on US Treasury Securities, the bank is effectively diversifying its reserves. This shift underscores gold’s reputation as…
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Sebi has banned First Overseas Capital from the securities market and new IPO mandates for two years, imposing a ₹20 lakh fine. The regulator found the merchant banker violated norms by not maintaining adequate net worth, exceeding underwriting limits, and…
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According to the Institute of Chartered Accountants of India (ICAI), fewer than 1% of registered accounting firms have more than 10 partners, with only 13 firms exceeding 50 partners.
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The Indian government is likely to amend the Chartered Accountants Act, 1949, to ease advertising restrictions for CAs and their firms. This move aims to enable domestic firms to grow and compete with international players in the global auditing and…
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Colgate-Palmolive India’s Q2 FY’26 net sales dipped 6.3% year-on-year due to a GST cut on oral care products, causing temporary distributor and retailer disruptions. Despite this, the company maintained margins and launched new premium products, expecting a gradual performance recovery…
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