EY anticipates significant reforms to simplify the tax system and improve taxpayer services, reduce litigation, and enhance tax compliance. Key suggestions include:
On January 9, IT giant Tata Consultancy Services Ltd. announced a consolidated net profit of Rs 12,380 crore, a 12%
Markets fell further due to foreign fund outflows
Bandra is renowned for its vibrant culture, luxurious residential developments, and close proximity to Mumbai’s entertainment and commercial hubs, making it a preferred choice for celebrities and business elites. With this purchase, Stebin Ben joins a list of notable personalities, including Rahul Krishna Vaidya, Suniel Shetty, and Janhvi Kapoor, who have also chosen Bandra as their residence.
Financial Services Secretary M Nagaraju on Thursday said the government would soon launch a new credit guarantee scheme for the MSME sector covering loans up to Rs 100 crore.
According to an official press release, the RBI stated, “After reviewing the submissions made by the companies, and taking into account their revamped processes, systems, and commitment to maintaining compliance with regulatory guidelines—particularly in ensuring fairness in loan pricing—the Reserve Bank has decided to withdraw the restrictions imposed on both Asirvad Micro Finance Limited and DMI Finance Private Limited.”
According to a report by Bank of America Global Research, the projected GDP growth rate represents the slowest pace since the pandemic, effectively reversing gains made during the recovery. This deceleration is likely to impact consumer confidence, wage growth, corporate revenues, investment, credit demand, and fiscal calculations.
originations by non-banking financial companies (NBFCs)2 was up a modest ~5%. Like-to-like growth (adjusted for volume from a large HFC that merged with a bank) for the nine months this fiscal is in line with the moderation in the assets under management (AUM) growth.
The partnership will enable customers of Tamilnad Mercantile Bank to trade online with Bajaj Broking and access its extensive suite of products and services. The cross-functional platform facilitates fund transfers, minimizes paperwork, and provides a unique tech-driven interface for investing in various products.
The nomination has been made with the approval of the Finance Minister Nirmala Sitharaman, who is the chairperson of the Governing Council, according to a circular issued by the Department of Economic Affairs under the Ministry of Finance