BEIJING, May 22 (Reuters) – China’s Wingtech Technology has filed a lawsuit with a subsidiary against Nexperia B.V. and five other entities, saying its control over the Dutch chipmaker remained…
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Central Bank OFS subscribed 2.35 times on Day-1, govt exercises green shoe option
The government’s offer for sale (OFS) in Central Bank of India was subscribed 2.35 times on the first day, reflecting strong demand from institutional investors. The response prompted the government…
Sun Pharma guides for slower FY27 growth amid regulatory, macro challenges
After posting double-digit revenue growth in FY26, Sun Pharmaceutical Industries—India’s biggest pharmaceutical company by revenue and market capitalization—has projected high single-digit growth for the current fiscal year (FY27), citing regulatory…
RBI approves ICICI Bank CEO Sandeep Bakhshi’s reappointment till 2028
Indian private lender has received approval from India’s central bank to reappoint Sandeep Bakhshi as its chief executive for a further period of two years, with effect from October 4,…
ITR filing: How NRIs and foreigners are taxed in India and why residential status matters
Many taxpayers may think that citizenship alone determines where and how they are taxed but that is not entirely true. Under Indian income tax laws, a person’s residential status often…
Why rushing to file your income tax return (AY 2026–27) could be a mistake
The launch of ITR-1 and ITR-4 offline utilities has officially commenced the tax filing period for AY 2026–27. Numerous salaried professionals are already organizing their paperwork, eager to fulfill compliance…
STCG vs LTCG: Difference between short-term and long-term capital gains tax, types of assets and rules explained
Capital gains tax is levied on the profit earned from the sale of capital assets such as land, buildings, stocks, virtual digital assets and other investments. In India, long-term capital…
Can PPF investors open multiple accounts in different banks? Rules explained
The Public Provident Fund (PPF) is a popular long-term savings scheme among Indian investors due to its government backing, tax benefits and assured returns on deposits. Offered through banks and…
Swelect Energy Q4 PAT at ₹11 crore, net profit jumps to ₹57 crore
Chennai-based listed energy solutions company reported a consolidated net profit of ₹11 crore for the quarter ended March 2026, against ₹8 crore in the same quarter last year. Revenue from…
Aurobindo Pharma to expand manufacture of generic formulations in France
Agile Pharma BV, a wholly-owned step-down subsidiary of, has incorporated a new wholly-owned subsidiary in France, Arrow Pharma Production SAS. Agile Pharma is the holding company of Arrow Pharma Production…