Finance - general

Blackstone to acquire up to 40% stake in Kolte Patil Developers

17 Mar 2025

US investment firm Blackstone is acquiring a 14.3 per cent stake in Kolte Patil Developers by way of a preferential allotment of shares

Volkswagen tells court a $1.4 bn tax liability threatening its India operations

20 Feb 2025

Skoda Auto Volkswagen India Private Limited (SAVWIPL), the Indian arm of Germany’s Volkswagen Group, told the Bombay High Court on Monday

Hindenburg founder to close short-seller behind Adani, Nikola selloffs

16 Jan 2025

One man who is bound to be very happy with the news of Hindenburg Research closing down will be Gautam Adani

SEBI warns Ola Electric over disclosure violations

By Cygnus | 08 Jan 2025

India’s market regulator, the Securities and Exchange Board of India (SEBI), has issued a stern warning to Ola Electric for failing to follow disclosure norms.

GST revenues up 7.3% year-on-year at Rs1.77 lakh crore in December

02 Jan 2025

Revenue collected by way of Goods and Services Tax (GST) in India increased 7.3 per cent year-on-year to Rs1.77 lakh crore in December 2024

GST Council recommends hike in GST on sale old vehicles to 18%

22 Dec 2024

The 55th meeting of the GST Council, at its meeting in Jaisalmer, Rajasthan on Saturday, recommended an increase in the GST rate on sale of old and used vehicles

Skoda-Volkswagen India faces Rs12,000-cr tax evasion charge

18 Dec 2024

Customs authorities in Maharashtra have slapped Skoda-Volkswagen India with a Rs12,000 crore charge for import duty evasion through falsification of import documents.

Hinduja Group to acquire Reliance Capital by end-January

15 Dec 2024

Hinduja Group company IndusInd International Holdings Ltd (IIHL) said it would complete the Rs9,861-crore acquisition of debt-laden Reliance Capital (RCap) by January 2025

Senior bankers in PSBs are in firing line: AIBEA

By Venkatachari Jagannathan | 11 Nov 2024

In the guise of retiring inefficient senior employees in the public sector banks, the Indian government is interfering in the day to day affairs of the banks and threatening the job security of employees

GST collection up 9% at Rs1.87 lakh crore in October

02 Nov 2024

Gross collection of revenue by way of Goods and Services Tax (GST) in India increased by nearly 9 per cent year-on-year and stood at a 6-month high of Rs1.87 lakh crore in October.

Jio Financial Services get RBI nod for online payment business

30 Oct 2024

Jio Payment Solutions Limited (JPSL), the wholly-owned subsidiary of Jio Financial Services Ltd (JFSL), has received approval from the Reserve Bank of India

Govt doubles Mudra loan limit to Rs20 lakh

27 Oct 2024

The finance ministry on Friday announced a doubling of the ceiling of Mudra loan under the Pradhan Mantri Mudra Yojana (PMMY) from the current Rs10 lakh to Rs20 lakh.

Temasek arm Fullerton to take controlling stake in Lendingkart: report

19 Oct 2024

Fullerton Financial Holdings (FFH), the lending arm of Singapore-based investment fund Temasek, will be raising its holding in fintech start-up Lendingkart

Overseas claims on India up $6.7 bn at $368.3 bn in Q1 FY25

05 Oct 2024

Net claims of non-residents on India, in terms of the country’s International Investment Position (IIP), increased by $6.7 billion to $368.3 billion

Karnataka may exempt electric and hybrid vehicles from paying road tax

26 Sep 2024

The Karnataka government is reported to be planning to give exemption form road tax to electric and hybrid vehicles with a price tag of less than Rs25 lakh, as part of its efforts to develop a clean mobility

GST Council recommends panel of ministers to decide on rate rationalisation

10 Sep 2024

The GST Council, which met on Tuesday to review and rationalise the rate structure, has recommended the creation of a Group of Ministers (GoM) to look into the issues related to the GST on life and health insurance

India plans Rs5,00,000-cr sovereign wealth fund

09 Sep 2024

Government of India is planning to create a sovereign wealth fund with a likely corpus of Rs5,00,000 crore by pooling shares of public sector undertakings (PSUs)

India plans Rs5,00,000-cr sovereign wealth fund

09 Sep 2024

Government of India is planning to create a sovereign wealth fund with a likely corpus of Rs5,00,000 crore by pooling shares of public sector undertakings (PSUs)

CBDT explains Budget proposal on capital gains tax

25 Jul 2024

The Budget, through the Finance Bill, has proposed a rationalisation and simplification of the taxation of capital gains.

India gives a big boost to MRO industry with uniform 5% IGST on aircraft components

17 Jul 2024

India has started levying a uniform 5 per cent  Integrated Goods and Services Tax (IGST) on aircraft parts, beginning 15 July

India-US agreement on 2% e-commerce levy expires

02 Jul 2024

A transitional framework agreement on levying a two per cent tax on cross-country digital transactions adopted by India and the United States on 24 November 2021, expires on 30 June 2024

IREDA sets up subsidiary in GIFT City

10 May 2024

Indian Renewable Energy Development Agency Ltd (IREDA), the country’s largest lender for renewable energy projects, has incorporated a wholly owned subsidiary in the International Financial Services Centre (IFSC), in GIFT City, Gujarat.

REC gets RBI nod to set up subsidiary in GIFT City

07 May 2024

REC Limited, a Maharatna central public sector enterprise and a leading NBFC providing finance to the power sector, has received a ‘No Objection Certificate’ from the Reserve Bank of India (RBI)

India’s GST revenue crosses Rs2-lakh cr in April 2024

02 May 2024

India’s gross revenue collection by way of Goods and Services Tax (GST) exceeded the Rs2 lakh crore-mark for the first time in April 2024, the opening month of the current fiscal, hitting a record Rs2.10 lakh crore.

IREDA granted `Navratna’ status

29 Apr 2024

State-owned Indian Renewable Energy Development Agency (IREDA) has been granted 'Navratna' status by the Department of Public Enterprises, the company stated in a stock exchange filing on Friday.