The Calcutta High Court has dismissed the Revenue’s challenge to an Income Tax Appellate Tribunal decision, emphasising the importance of proper corroboration and adherence to natural justice in tax assessments involving suspected cash transactions. The Calcutta High Court has rejected…
Bajaj Finance increases interest rates on fixed deposits by up to 0.40 percentage points following the Reserve Bank of India’s recent repo rate hike, offering higher returns for savers and seniors across multiple tenures. Bajaj Finance has lifted the interest…
As Indian technology giants prepare for their second-quarter results, investors are scrutinising how effectively companies like TCS, Infosys, and Wipro are leveraging AI to sustain growth amidst global economic pressures and shifting market demands. Indian technology shares are heading into…
Veteran actor and filmmaker Nana Patekar, known for his intense performances and numerous awards, has died at 75 in Goa following a suspected heart attack. His legacy spans five decades of Hindi and Marathi cinema, prompting widespread tributes and a…
India’s listed banks record a historic low in net non-performing assets, signalling a significant improvement in asset quality and a potential shift in industry resilience amid ongoing credit growth challenges. Indian listed banks have reached a rare asset-quality milestone: none…
The Supreme Court has directed the Indian government to establish a panel to investigate and review complaints regarding unethical practices by pharmaceutical companies in offering freebies and inducements to doctors, signalling a potential shift towards stricter regulation. The Supreme Court…
India’s Reserve Bank announces a new framework requiring banks to act swiftly in identifying, notifying, and resolving suspected money mule cases, leveraging AI and strict timelines to combat fraud. India’s central bank has moved to impose a fixed process for…
Neokred Technologies has expanded its partnership initiative, leveraging its NeoRoute platform to enable banks to increase their share of UPI and card-acquiring transactions, offering a scalable solution that simplifies merchant onboarding and transaction management across India. Neokred Technologies has widened…
The State Consumer Disputes Redressal Commission in Chandigarh has mandated SBI Life Insurance to pay Rs 50 lakh to the family of a deceased chartered accountant, rejecting the insurer’s claims of concealment of prior illness, in a ruling that signifies…
While foreign exchange regulations facilitate property purchases for non-resident Indians in Chennai, experts warn that meticulous paperwork, legal due diligence, and compliance are now crucial to avoid costly pitfalls in a rapidly evolving regulatory landscape. For non-resident Indians and persons…
