[ad_1] NEW DELHI: Chartered accountants’ apex body ICAI may review the financial statements of IndusInd Bank, which is grappling with discrepancies in accounting estimated to be Rs 2,100 crore. The private sector lender, on March 10, disclosed some discrepancies in its derivatives portfolio, which could have an adverse impact of about 2.35 per cent of…
[ad_1] NEW DELHI: Sebi has widened the ambit of the scope of Unpublished Price Sensitive Information (UPSI) by including any proposed fundraising activities agreements which can impact the management or control of the company, restructuring plans, and one-time bank settlements. The new rules would come into force from June 10. [ad_2] Source link
[ad_1] MUMBAI: India’s financial sector is embracing generative AI at pace, with banks, insurers, and non-bank lenders deploying it to cut costs and improve efficiency. An EY report suggests productivity gains in banking operations could reach 46% by 2030. The report found that 74% of financial firms have initiated proof-of-concept trials, 42% have allocated budgets,…
[ad_1] Stock market holidays 2025: Trading activities will be suspended for 14 days throughout the year. (AI image) Stock market holiday for Holi 2025: Stock exchanges in India, BSE and NSE, will remain closed on Friday for Holi celebrations, resulting in an extended weekend amidst the ongoing market downturn. The NSE and BSE have said…
[ad_1] NEW DELHI: FMCG major HUL on Thursday said its independent director Leo Puri has resigned due to an increase in his board commitments, including his proposed appointment on the board of a global entity. His resignation will be effective from June 30, 2025, said a regulatory filing from HUL. [ad_2] Source link
[ad_1] NEW DELHI: The Centre has asked Elon Musk’s satellite venture Starlink to set up a control centre in India to enable suspension or shutdown of communications services in sensitive and troubled areas, whenever required, to maintain law and order.Also, the security establishment has specified mandates to allow call interceptions by law-enforcement agencies through official…
[ad_1] NEW DELHI: India will be the world’s third largest economy by 2028 as it becomes the world’s most sought-after consumer market and gains share in global output, a Morgan Stanley report said. The Indian economy is projected to expand to $4.7 trillion in 2026, behind the US, China and Germany.In 2028, India will overtake…
[ad_1] India is anticipated to regain its position relative to Emerging Markets in 2025, supported by several fundamental factors. (AI image) Indian equity benchmark indices, BSE Sensex and Nifty50, may have crashed from their September 2024 peaks, but the market still looks attractive in the long-term, says Morgan Stanley. In its latest report on ‘India…
[ad_1] These changes in TDS rules will take effect from April 1, 2025. (AI image) New TDS rules: Finance Minister Nirmala Sitharaman’s Union Budget 2025 presentation included significant modifications to TDS (Tax Deducted At Source) regulations, offering financial benefits to various taxpayer categories, including senior citizens, investors and commission earners. These changes in TDS rules…
[ad_1] Gold prices surged by Rs 600 on Thursday, reaching an all-time high of Rs 89,450 per 10 grams in the national capital, driven by strong global market trends. The yellow metal, with 99.9% purity, had previously closed at Rs 88,850 per 10 grams on Wednesday.Similarly, gold of 99.5% purity saw an increase of Rs…
