Banking And Finance
Government gives final nod to Emirates NBD’s $3 billion majority stake in RBL Bank
Dubai-based has received all regulatory and governmental approvals including from the Government of India for its acquisition of a majority controlling stake in Limited, paving the way for the imminent…
Gift tax rules explained: Who can give you money or assets without tax implications?
Gifts received in the form of money, property, or assets are treated as income under the Income Tax Act. If the value of such gifts exceeds the prescribed threshold, they…
RBI imposes penalty on IIFL Finance
Mumbai: The Reserve Bank on Friday said it has imposed a penalty of Rs 3.1 lakh on for certain deficiencies in regulatory compliance. The penalty was imposed for non-compliance with…
Buying or selling property in India as an NRI? Here are the rules you should know
Non-Resident Indians (NRIs) can buy and sell property in India, but such transactions are governed by the Foreign Exchange Management Act (FEMA), Reserve Bank of India (RBI) regulations and income…
Market
SAIL Q4 Results: Net profit jumps 47% YoY to ₹1,836 crore; declares final dividend of ₹2.35 per share
(SAIL) reported a 47% year-on-year jump in consolidated net profit for the March quarter to ₹1,836 crore, driven by improved sales volumes along with an inventory reduction. In the corresponding…
Can PM Modi’s five-nation tour help India tackle the crude oil shock?
While crude oil and gas prices have remained elevated over the past two months, India’s heavy dependence on these commodities has intensified concerns over energy security. Against this backdrop, Prime…
SEBI, CBDT ease PAN onboarding difficulties faced by FPIs
on Thursday issued a set of clarifications issued by the Central Board of Direct Taxes (CBDT) to address difficulties faced by foreign portfolio investors (FPIs) in obtaining Permanent Account Numbers…
SEBI expands use of borrowings for highly leveraged InvITs
Markets regulator SEBI on Friday widened the permitted use of fresh borrowings by Infrastructure Investment Trusts (InvITs) whose net debt exceeds 49 per cent of the value of their assets.…
Market
Waaree Energies unit bags green hydrogen project in Karnataka
Waaree Clean Energy Solutions Private Ltd (WCES), a wholly owned subsidiary of Waaree Energies Ltd., has secured an order to develop a green hydrogen project at TMEIC Industrial Systems India’s…
Raghu Vamsi Machine Tools to set up aerospace & defence manufacturing facility in AP
Raghu Vamsi Machine Tools on Friday signed a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB), Government of Andhra Pradesh, to establish a large-scale Aerospace &…
JioStar initiates legal measures against Zee entertainment for alleged unauthorised airing of Bollywood films: Report
Billionaire Mukesh Ambani’s Jiostar, the TV and online entertainment venture backed by Reliance and Walt Disney, has launched legal battle against Zee Entertainment, alleging that the broadcaster aired several Bollywood…
PVV Infra approves ₹50 crore preferential issue
PVV Infra, focused on Way Side Amenities and Renewable Energy Asset Development, plans to increase its authorised share capital to ₹170 crore from ₹120 crore to support future expansion and…
Axis
