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Fairfax to acquire IDBI Bank stake in $5.5 billion deal, biggest foreign investment in Indian bank

Fairfax Holdings aims to secure a major stake in IDBI Bank through an improved offer. The collaboration with the government and LIC is set to yield about fifty-three thousand crore rupees from their combined stakes. This groundbreaking investment will set…

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Jubilant FoodWorks gets GST demand notice for Rs 46.9 crore

Jubilant FoodWorks Ltd has received a GST demand notice for Rs 46.9 crore. The company stated it will challenge the GST department’s notice. This notice alleges incorrect input tax credit reversal while filing GST returns. Jubilant FoodWorks believes the notice…

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Online gaming firms move Supreme Court to review 28% GST verdict

Online gaming firms have asked the Supreme Court to review its recent judgment. This judgment upheld the 28% Goods and Services Tax on the sector. The companies also challenge the court’s decision on retrospective tax demands. These demands from tax…

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India's net direct tax kitty jumps 16.4 per cent to Rs 6.51 lakh crore

India’s net direct tax collections recorded a robust 16.4 per cent year-on-year growth to Rs 6.51 lakh crore as of July 13 in the current financial year, driven by higher corporate tax, non-corporate tax, and securities transaction tax (STT) collections,…

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SMBC India appoints Rakesh Garg as its MD and CEO

SMBC Group on Tuesday has named Rakesh Garg as its Chief Executive Officer and Managing Director of SMBC India following approval from the Reserve Bank of India.

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Sensex drops over 560 points, Nifty slips below 24,100 amid West Asia tensions

India’s benchmark equity indices ended sharply lower on Tuesday as heightened geopolitical tensions in West Asia triggered broad-based selling, with PSU bank, realty and auto stocks leading the decline.

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Income-tax penalty over ₹3.71 lakh political donation deduction: ITAT Ahmedabad deletes ₹2.31 lakh penalty
ITAT Ahmedabad has deleted a ₹2.31 lakh income-tax penalty imposed on a taxpayer over a ₹3.71 lakh political donation deduction claimed under Section 80GGC. The tribunal said the tax department failed to clearly establish how the claim amounted to under-reporting or misreporting of income.
Income tax disputes: Govt drops 23,467 appeals under higher tax-effect limits; what taxpayers need to know
The Income Tax Department has withdrawn 5,978 appeals and not filed another 17,489 after higher monetary limits were introduced for departmental tax appeals. Here’s what the ₹60 lakh, ₹2 crore and ₹5 crore thresholds mean for taxpayers and pending income-tax disputes.
Paying rent using a credit card? These common mistakes could lower your CIBIL score
Using a credit card for rent payments can offer convenience and rewards but may incur significant costs. Here's what you need to know before considering it.
Sebi proposes major overhaul of settlement rules; fast-track route for cases up to ₹10 lakh
The proposals include removing an additional 20% settlement charge in certain cases involving multiple proceedings and introducing a fast-track mechanism for settlements of up to ₹10 lakh
West Bengal to implement Ayushman Bharat, Mukhyamantri Swasthya Bima Yojana from August 16 — Here's all we know
West Bengal government is set to implement the Centre's health insurance scheme Ayushman Bharat and state's cashless coverage scheme Mukhyamantri Swasthya Bima Yojana from August 16. Here's all we know… 
8th Pay Commission: Eligibility criteria, essential qualifications for consultants; check what's changed
The 8th Pay Commission has updated guidelines on eligibility criteria and essential qualifications for vacancies of its contract-based consultant roles. Here's a look at what has changed for the applicants.
‘Think early retirement is boring? Try…’: Pro-FIRE user’s post sparks debate; social media reacts
Finance commentator Seb's FIRE Journey ignites online debate over early retirement versus corporate life. Many agree that a lengthy commute and dull meetings can overshadow the perceived boredom of retirement.
Gen Z’s ‘YOLO’ image doesn’t match its bank account: Where young Indians are actually spending their salaries
Gen Z's budget is far more practical than flashy. A staggering 70% of a young professional's monthly budget is swallowed up by just five core categories — Bills, subscriptions & more
NSC for NRIs: Can non-resident Indians invest in National Savings Certificate and claim tax benefits?
Investments in NSC start at ₹1,000 with no upper limit. NSC qualifies for Section 80C tax deductions for resident investors. Premature encashment is allowed under specific circumstances, like the account holder's death or court orders.
DA hike: Minimum pension, variable DA, EPF ceiling increases — Trade union BMS to hold demonstrations on 17 August
Trade union, the Bharatiya Mazdoor Sangh (BMS), said it will hold nationwide demonstrations on 17 August over long-pending workers' issues. Demands include Minimum pension, variable DA, and EPF ceiling increase.