SBI Hikes MCLR by 10 Bps
15 august 2024 : State Bank of India (SBI) raised the marginal cost of lending rate (MCLR) by 10 basis points (bps) across all tenors, effective today. The increase in…
“Mining Tax Ruling Could Impact Costs and Inflation”
15 august 2024 : The Supreme Court order allowing states to collect past tax dues from mining companies could potentially impose a significant financial burden on them, given that it…
“RBI Approves Tata Capital’s NBFC-ICC Conversion”
15 august 2024 : The Reserve Bank of India (RBI) has granted approval for Tata Capital Limited (TCL) to transition from a non-banking finance company (NBFC)-core investment company (CIC) to…
“ED Summons Dabur’s Mohit Burman in Religare Money Laundering Probe”
14 august 2024 : The Enforcement Directorate (ED) has summoned Mohit Burman, Chairman of Dabur India, along with three independent directors from Care Health Insurance and the manager overseeing the…
Wholesale Inflation Drops to 2.04% in July
14 august 2024 : Following four months of continuous increases, wholesale inflation experienced a decrease to 2.04% in July, as reported by the most recent government data published on Wednesday.…
Mauritius Regulator Rejects Hindenburg Report’s Shell Company Claims
14 august 2024 : The Financial Services Commission (FSC) of Mauritius has denied claims by the recent Hindenburg report on the country being a “tax haven” and objected to the…
GST Council to Meet on September 9; Rate Talks Expected
14 august 2024 : Rate rationalisation, covering the future course for tax slabs and correction of inverted duty structure, under the Goods and Services Tax (GST) regime, notices being sent…
India’s MSCI Index Weight Rises; $3B Inflows Expected
14 august 2024 : MSCI Inc has added seven stocks including Rail Vikas Nigam (RVNL), Oil India, Vodafone Idea, and Zydus Lifesciences in MSCI India Index, resulting in net passive…
FirstCry Shares Surge 40% Above IPO Price
13 august 2024 : Prior to the opening of the issue, the company successfully secured ₹1886 crore from 71 anchor investors, which included prominent entities such as SBI Mutual Fund,…
Airbnb Sees 340% Surge in Domestic Travel Searches for Independence Day Weekend
13 august 2024 : As India approaches the long weekend for Independence Day and Raksha Bandhan, recent search data from Airbnb indicates a notable increase in travel interest. Indian travelers…