Finance

At present, the Goods and Services Tax regime is a four-tier structure, with tax rates of 5%, 2%, 18% and 28%. In a recent development, sources cited on Sunday that in the upcoming GST Council meeting, the members could discuss raising…

The infused capital in such public banks will help them meet regulatory requirements. The Govt of India has set aside a total of Rs 15,000 crore for weak public sector lenders like Central Bank of India and Punjab & Sind Bank, for…

Foreign portfolio investors have sucked out Rs 35,506 crore from the domestic market in Feb 2022 With the ongoing Russia-Ukraine crisis, February 2022 has witnessed the worst foreign outflows in 2 years. About Rs 35,506 crore foreign…

A SBI report states that the government could experience a revenue loss of Rs 95,000 to Rs 1 lakh crore if the prices of oil continue. With the ongoing Russian invasion of Ukraine, prices of crude oil are on the volatile side too,…

The digital lender was found to violate RBI’s regulatory directions on outsourcing and KYC regulations. The digital lending NBFC PC Financial Services’ Certificate of Registration has been scrapped by Reserve Bank of India on Thursday,…

Veteran investor Rakesh Jhunjhunwala added Rs 186 crore to his wealth on Tuesday. Ace investor Rakesh Jhunjhunwala is one of the biggest names in the Indian stock market, and publicly holds 37 stocks, all of which investors closely…

The Centre will sell 31.6 crore equity shares or 5% of its stake in the insurance company. The much-awaited initial public offering of the country’s largest insurer LIC appears to be just around the corner now, with its draft red…

On January 12, 2022, Tata-owned IT major TCS had announced a share buyback of 4,00,00,000 equity shares, on a fully paid-up basis, at a face value of Re 1 apiece and at Rs 4,500/share for a total of Rs 18,000 crore. The IT giant Tata…

IRCTC's EBITDA rallied 195% YoY to Rs 279.2 crore in Q3 FY22 The e-ticketing platform for Indian Railways, Indian Railway Catering and Tourism Corporation reported strong earnings numbers for the December ending quarter on Tuesday, led…

Tech Mahindra reported a weak earnings result for the December ending quarter on Tuesday. The IT services provider Tech Mahindra reported a weak earnings result for the December ending quarter on Tuesday. As a result, the IT stock…

Paytm released its shareholding pattern for the December-ending quarter on Monday. Fintech major Paytm is on a downward spiral, tumbling more on Monday, and recorded a new all-time low. While writing this report, the stock was down 4.6%…

Crypto issues are expected to fall under its purview as well. The RBI has established an internal fintech department that will focus on fintech innovation and related regulations. It began operations from January 4, 2022. In…

The group’s subscriber base was 35,016 in July last year, which increased to 51,980 investors by Dec 14, 2021. In an interesting finding, the market regulator Securities Exchange Board of India (SEBI) took a firm action against a group…

The fintech major Paytm’s stock has crashed more than 21% over the last 9 sessions. The fintech major Paytm’s stock has crashed more than 21% over the last 9 sessions, and it appears as though no amount of positive news or developments…

Airtel Payments Bank is among the fastest growing digital banks in India. Airtel Payments Bank, among the fastest-growing banks with more than 115 million users in India and over 8 million merchants, informed on Jan 4 that it has been…

RBI has identified the state-owned lender State Bank of India and two private lenders ICICI Bank and HDFC Bank as Domestic Systemically Important Banks for 2021 The banking regulator Reserve Bank of India (RBI) has released the list of…

According to RBL Bank’s regulatory filing on December 25, the lender’s board appointed Rajeev Ahuja, its current executive director, as the interim MD & CEO of the bank with immediate effect. A lot of developments occurred around…

RBI has extended the timeline for storing of CoF data by 6 months. In regards of the card tokenisation deadline put in place by the regulator bank Reserve Bank of India for December 31, 2021, the regulator has now revised the deadline,…

The markets regulator has directed the commodity exchanges to suspend trading of futures contracts of seven agri-commodities until further orders. In attempts to control the rising inflation, the Finance Ministry has put a ban on…

According to RBI data analysis, about 50% of the transactions made through UPI platforms are under Rs 200 Among the announcements made by RBI Governor Shaktikanta Das in the Monetary Policy Statement on Wednesday, was the central bank’s…