Ola Electric plans to raise additional funds through various routes just three months after its previous ₹780 crore QIP, as it accelerates product launches and manufacturing investments despite a challenging earnings backdrop. Ola Electric is preparing to test investor appetite…
A new study reveals that basic operational improvements in India’s auto-component sector could release up to Rs 39,000 crore in working capital, addressing excess inventory and boosting capacity utilisation amidst sector challenges. India’s auto-component suppliers are sitting on about Rs…
Federal regulators and FinCEN outline new guidelines allowing financial institutions to discuss suspicious transactions and account actions with customers, clarifying the boundaries of SAR confidentiality to boost transparency while maintaining legal protections. Federal banking regulators and FinCEN have issued new…
New GST rules requiring precise bank account details pose a risk of automatic suspension for businesses, with small firms most vulnerable to disruptions and delays in filing and input tax credits. For many businesses, GST compliance now depends on more…
The Supreme Court has ruled that banks can use the SARFAESI Act to recover non-performing loans acquired from non-banking financial companies, even if the original loans predate the lenders’ coverage under the law, marking a significant shift in enforcement practices.…
The Delhi Income Tax Appellate Tribunal has clarified that when alleged bogus transactions are matched by sales, only the embedded profit, not the entire purchase value, should be taxed, setting a new precedent in tax assessment practices. The Delhi Income…
Maharashtra plans to implement a standardised budget accounting framework from April 2027, aiming to make public spending clearer, comparable, and easier to audit, aligning with national reforms and improving fiscal oversight. Maharashtra will shift to a standardised budget accounting framework…
Moneyboxx Finance has partnered with Trusave Fintech’s Bachatt to launch SmartBiz Loan, an innovative digital unsecured lending platform aimed at nano and micro entrepreneurs, signalling a shift towards more efficient, technology-driven financial services for small businesses. Moneyboxx Finance has entered…
Different banks provide varying maturity values on 555-day fixed deposits, highlighting how small rate differences can significantly impact returns for savers, especially seniors, amidst a broader trend of banks using special-term deposits to attract funds. A Rs 5 lakh lump-sum…
While a high salary might suggest financial stability, credit bureaux focus on repayment behaviour rather than income, making discipline crucial to maintaining a good CIBIL score, say experts. A high salary can make a borrower look comfortable, but it does…
