Fixed deposit interest is taxed as income, meaning a 6.40% headline rate can deliver an effective return of about 4.64% for investors in the 30% tax bracket. Fixed deposit interest in India may look straightforward on paper, but the tax…
The combined fiscal deficit of 15 Indian states is projected at Rs11.5 lakh crore in FY27, as weaker tax receipts and grants offset continued infrastructure spending. States across India are likely to face larger revenue and fiscal gaps in financial…
Railway passengers buying tickets at station counters must be offered the same accident insurance option as IRCTC users, with the Supreme Court warning the Railway Board it will be held accountable for delays. Indian Railways has been told to extend…
West Bengal will take back industrial plots lacking active plans or secured funding as the state prepares a new policy and courts fresh investment. West Bengal is moving to tighten its grip on idle industrial land as the state tries…
ICICI Lombard’s second-quarter profit rose to Rs 1,031 crore, driven by stronger investment income and capital gains, while a combined ratio above 100% showed core underwriting remained loss-making. ICICI Lombard General Insurance Company Ltd reported a sharp rise in second-quarter…
SBI Cards must refund ₹15,000 with interest and compensation after a Delhi consumer commission found it failed to prove customer negligence or respond within required timelines following two unauthorised transactions. A Delhi consumer commission has held SBI Cards & Payment…
The New York startup, founded by former Davis Polk lawyer Preeti Krishnan, is building AI agents that translate regulation into tasks, evidence and reviews for growing financial businesses. Leela has emerged from stealth with a $4.6 million seed round as…
Euisun Chung says Hyundai will expand in India beyond cars, targeting robotics, AI, batteries, energy and transport infrastructure as the group commits $15.5bn through 2032. Euisun Chung has set out a wider ambition for Hyundai Motor Group in India, saying…
India’s finance minister says the government will hear investor arguments on LTCG and securities transaction tax reforms, without signalling whether either levy will change. India’s finance minister has signalled that the government is willing to hear arguments for scrapping long-term…
The Union Cabinet has approved the sale of a 60.72% stake in IDBI Bank to Fairfax for ₹52,877 crore, handing operational control to the Canadian investor while the government and LIC retain a minority holding. India’s long-running effort to sell…
