PGIM India Mutual Fund will halt new SIP and STP instalments into three of its international-focused schemes from August 7, highlighting the industry’s ongoing struggle to stay within existing foreign investment caps set by SEBI amidst rising global market constraints.…
The Indian Defence Ministry’s new interim measure will fully reimburse 18% GST on R&D grants, easing cash flow for defence start-ups and MSMEs and signalling continued government support for innovation in the sector. The Ministry of Defence has moved to…
The Reserve Bank of India has kept its policy rate unchanged at 5.25%, signalling a cautious wait-and-see approach as Governor Sanjay Malhotra cites global risks and inflation clarity as key factors influencing future moves. The Reserve Bank of India has…
The Delhi High Court has directed the Centre to respond to a petition seeking automatic refunds of tax deducted at source for individuals with no tax liability, highlighting recent debates on simplifying tax procedures for non-filers and vulnerable groups. The…
The Reserve Bank of India aims to standardise and simplify loan rate setting across the financial sector, enhancing transparency and comparability for borrowers, amid recent reforms and efforts to broaden access to banking services. The Reserve Bank of India has…
A 15-year income tax exemption proposal for rough diamond sales in India could significantly boost domestic trading, enhance competitiveness, and shift the global supply chain, with industry experts hailing it as a potential game changer. India’s diamond industry could be…
Anthropic plans to handle some Claude requests within India using Amazon Bedrock, offering businesses a way to deploy AI tools in compliance-heavy industries and strengthening its foothold in the rapidly growing Indian market. Anthropic is preparing to let some Claude…
While discussions around levying charges on high-value UPI transactions continue, government officials emphasise that everyday digital payments remain free, signalling continued support for accessible digital finance. A recent push in Parliament to amend India’s payments law has set off a…
The Indian government is exploring the possibility of levying charges on certain high-value UPI payments, primarily affecting merchants, as part of a proposed legislative change that could reintroduce merchant discount rates and alter the landscape of digital transactions in the…
The Reserve Bank of India’s latest NBFC framework keeps Tata Sons in the upper layer, raising questions about whether the conglomerate will pursue a stock market listing amid regulatory scrutiny and ongoing deregistration efforts. The Reserve Bank of India’s latest…
