Gujarat’s Economic Offences Wing is probing a widespread scheme involving unrecognised political parties reportedly channeling over Rs 2,284 crore in fake donations, leading to a Rs 684 crore tax loss, in a scheme that exploited political donation rules and shell…
Prestige Estates Projects secures Rs 3,000 crore investment from Canada Pension Plan Investment Board, marking its first direct exposure to India’s hospitality sector and leading to the withdrawal of a planned hotel IPO amid strategic growth plans. Prestige Estates Projects…
Despite recent growth surges, India’s top officials and global investors warn of the need for structural reforms to sustain momentum and improve investment climate amid cautious optimism. India’s latest burst of growth has drawn praise from investors and officials alike,…
While gold loans offer quick cash for various needs, maintaining repayment discipline and strategic borrowing are crucial to avoid long-term financial hazards, experts advise. Gold loans can provide fast access to cash when borrowers need money for everything from education…
Finastra’s new AI feature aims to accelerate payment error resolution, enhance compliance, and reduce manual workload in banking payment systems amid rising transaction volumes. Finastra has launched a new artificial intelligence feature aimed at helping banks clear payment-processing problems more…
Nomura indicates that despite resilient earnings, Indian stocks could face continued headwinds due to rising crude oil costs, West Asia uncertainties, and AI-related valuation concerns, prompting a cautious outlook for investors. Nomura says Indian equities may stay under strain even…
As UPI transaction charges are set to change, India maintains its strict MDR caps for debit cards, highlighting the complex fee landscape for merchants amid varied regulations and industry practices. Debit card merchant discount rate, or MDR, is the fee…
A recent ruling by the Kolkata Income Tax Appellate Tribunal highlights that inherited gold jewellery is not automatically taxable if families can substantiate its origins with appropriate documentation, offering guidance for those navigating tax searches. Inherited jewellery can trigger a…
Karnataka Chief Minister D. K. Shivakumar has directed banks to cease deducting the ₹2,000 monthly cash transfer from beneficiaries’ accounts for loan repayments, following complaints that the scheme’s funds are being diverted without consent, impacting women head of households. Karnataka…
CRIF Credit Information Services has named Suresh Venkatesan as its new CEO and whole-time director, aiming to expand responsible lending and fintech access across India with his extensive experience in banking and data analytics. CRIF Credit Information Services Private Limited…
