ICAI to recommend financing roadmap for homegrown Multi-Disciplinary Partnership firms in India

The chartered accountants' apex body is set to propose financial and regulatory measures to help Indian Multi-Disciplinary Partnership (MDP) firms sc...

ED arrests Reliance Power CFO in ₹68-crore fake bank guarantee Case

Pal was taken into custody on Friday night under the Prevention of Money Laundering Act (PMLA) following a round of questioning by the agency. He is e...

ICAI to support MeitY's national AI mission by sharing verified financial data for India's sovereign LLM

The chartered accountants' body is in discussions with 10 companies developing India's homegrown Large Language Model (LLM) to provide verified fina...

Canara HSBC Life may rationalise distributor commission after GST cut

Many private insurers have already reduced commissions, including Niva Bupa, Care Health, ICICI Lombard, Aditya Birla Health, and Star Health, followi...

Court grants hotel interim stay on GST for eatery services

The Bombay High Court has granted an interim stay on the 18% GST levied on restaurant services within hotels charging over ₹7,500 per day for rooms....

Trump's visa curbs drive Indian students to UK as Keir Starmer opens doors for top talent

UK Prime Minister Keir Starmer welcomes Indian talent. This, along with UK universities opening campuses in India, is drawing more Indian students. De...

India taking up export barriers with Russia

India is actively addressing over 65 non-tariff barriers impacting its marine and agricultural exports to Russia, aiming to reduce a significant trade...

India to launch National Critical Mineral Stockpile to secure rare earth elements amid global supply chain concerns

The program complements efforts to boost domestic rare earth magnet production, addressing global supply chain vulnerabilities and ensuring mineral av...

RBI appoints Sanjay Kumar, Sonali Sen as new EDs

The Reserve Bank of India has appointed two new Executive Directors. Sanjay Kumar Hansda and Sonali Sen Gupta will take up their new roles soon. Gupta...

N Chandrasekaran gets historic extension as Tata bets big on semiconductors, EVs, and Air India

This decision aims to ensure continuity for critical projects like semiconductors, electric vehicle batteries, and Air India's transformation.

Black Money act under review; panel may revisit harsh clauses

India's stringent Black Money Act is being reviewed. An internal committee will examine its interaction with the Income Tax Act. The review aims to ad...

GST annual return using form GSTR-9 has been enabled for filing for FY 2024-25 on the GST portal

The GST portal has enabled filing of the GSTR-9 annual return and GSTR-9C reconciliation statement for FY 2024-25, with a deadline of December 31, 202...

Banks to clear cheques in three hours; RBI sticks to January 2026 deadline

The Reserve Bank of India's same-day cheque clearance framework will proceed as planned, with banks clearing cheques within three hours starting Janua...

Tata Motors, Maruti see retail sales market share growth in September

Passenger vehicle retail sales saw a 6% increase in September, with Tata Motors and Maruti Suzuki gaining market share. Hyundai and Toyota experienced...

Beer industry seeks import relaxation due to can shortage

India's beer industry is facing a significant shortage of aluminium cans, with an annual deficit of 12-13 crore units. This scarcity, exacerbated by u...

India rupee's two-week calm suggests return of central bank's old playbook, traders say

Indian rupee's recent tight trading suggests the central bank is actively intervening to maintain a preferred level, traders noted. After hitting a re...

Gold demand dips as soaring prices hit jewellery sales

India's top jewelry retailers, Tanishq and Reliance Retail, experienced a decline in consumer deposits for deferred gold purchase schemes last fiscal ...