Banking And Finance
HDFC Bank likely to reappoint Sashidhar Jagdishan as CEO for third term
With external law firms finding no merit in the concerns raised by former chairman Atanu Chakraborty in his resignation letter, ’s board is expected to initiate the process to reappoint…
EPFO portal upgrade: What changes for EPF members, what happens to existing claims, when you can file a new claim
From Friday, June 26, services on the Employees’ Provident Fund Organisation’s member portal, employer portal and the Umang app have been unavailable. According to the provident fund body, the temporary…
Mumbai IT employee hit with ₹3.36 lakh tax demand after employer fails to deposit TDS — here’s what happened next
Most salaried employees assume that once TDS is deducted from their salary, the tax has been duly paid to the government. However, problems can arise if the employer deducts the…
Gifted money to your wife and she invested it in FD, gold or shares? The income may still be taxable in your hands
Transferring money to your spouse may seem like a smart move to reduce your tax liability but the income tax law sees through it. For instance, if you transfer funds…
Market
PFC-REC merger gets board approval, creating India’s largest power sector NBFC
The Board of Directors of Power Finance Corporation (PFC) and REC (REC) approved the Scheme of Merger (Scheme) for the merger of the two state-run power sector non-banking financial companies…
Six of top-10 most valued firms gain ₹88,678 cr in market value last week; ICICI Bank biggest winner
The combined market valuation of 6 of the top-10 most valued companies went up by ₹88,678.1 crore in a holiday-shortened last week, with ICICI Bank emerging as the biggest winner.…
India eyes discounted Iranian oil after US sanctions waiver
India is keen to take advantage of the 60-day US sanctions waiver on Iranian oil by resuming imports of discounted crude from Tehran, although some refiners may wait to see…
Markets ahead: Fresh tensions in West Asia, crude price movement key factors to watch out this week
Developments on the geopolitical front, with the latest military exchanges involving the US and Iran, their impact on crude oil prices and domestic macroeconomic data announcements would dictate sentiments in…
Market
Adani case: NY judge’s query procedural, unlikely to derail DoJ move to drop charges, says US lawyer
A US federal judge’s decision to seek a fuller explanation from prosecutors before approving the dismissal of criminal charges against Indian billionaire Gautam Adani is a procedural requirement and does…
India’s construction boom fuels Quess Corp’s next staffing play
Construction is emerging as the next growth driver for Quess Corp’s staffing business as India’s infrastructure and manufacturing expansion fuels demand for organised workforce providers in a sector long dominated…
ITC shifts growth strategy to manufacturing, agriculture and distribution
has outlined a new growth blueprint centred on manufacturing, agriculture and distribution, signalling a strategic shift beyond consumer brands as the company’s primary source of competitive advantage. According to its…
ITC bets on digital rural services, life sciences and sustainable materials as next growth engines
ITC’s next phase of growth may not come from another biscuit, shampoo or cigarette brand. Instead, the company is using decades of expertise in agriculture, tobacco science and fibre technology…
Axis
