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Biggest fund manager in India expects rupee to end its five-year slide

Business Standard

Biggest fund manager in India expects rupee to end its five-year slide Pine Labs partners ICICI Bank to enable Digital Rupee on PoS terminals What’s capping rally in SBI shares despite record net profit in Q4FY23? NIM expansion, loan growth: Top 5 things to track in SBI’s Q4FY23 results The reason you must hold on to equity funds despite turbulence ...

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Corporate dollar inflows boost rupee to a one-month high; gains 27 paisa

Business Standard

Corporate dollar inflows boost rupee to a one-month high; gains 27 paisa Pine Labs partners ICICI Bank to enable Digital Rupee on PoS terminals Rupee gains on corporate investments, cheaper global oil prices Rupee at 1-month high; US data spurs bets of slower Fed rate hikes India, Bangladesh discuss trade settlement in rupee, free trade agreement Indian rupee goes digital ...

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Developed world slowdown to apply brakes on India’s remittance inflows

Business Standard

Developed world slowdown to apply brakes on India’s remittance inflows Your credit card payments overseas will attract a 20% TCS from July 1 Pace of remittance inflows has slowed for India in the past decade Outward remittance under LSR dips 28% to $1.92 bn in Oct, shows RBI data Financial inclusion, remittance cost focus areas in G20 meeting Budget 2023: ...

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US PE firm Bain Capital plans to sell $267 mn stake in Axis Bank: Report

Photo: Bloomberg

US PE firm Bain Capital plans to sell $267 mn stake in Axis Bank: Report Axis Bank shares slide 2.4% post Q4 results; what should investors do? Analysts raise Axis Bank’s earnings forecast; to track deposit growth ahead Axis Bank-Citi deal: Synergies seen FY25 onwards on deposit, AUM attrition Chinese police questions staff at Beijing office of Bain & Company: ...

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CBIC to assign risk rating to GST applications, taxmen to verify documents

Business Standard

CBIC to assign risk rating to GST applications, taxmen to verify documents In order to check fake GST registration, CBIC will assign a risk rating to all applications and tax officers will cross-verify the documents submitted by the applicants with municipal records. The Central Board of Indirect Taxes and Customs (CBIC) on Wednesday issued instructions to field offices ...

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GST evasion carried out through 4,909 bogus establishments: Tax official

Business Standard

GST evasion carried out through 4,909 bogus establishments: Tax official Authorities have detected GST evasion to the tune of more than Rs 8,100 crore and it has been found that the offence was carried out through 4,909 bogus business establishments spread in parts of the country, a tax official from Madhya Pradesh said on Wednesday. MP Commercial Tax ...

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With fewer than 15 days to deadline, check how to apply for higher pension

Business Standard

With fewer than 15 days to deadline, check how to apply for higher pension The last date to apply for a higher Employee Pension Scheme (EPS) pension is approaching fast and according to the Supreme Court judgement, EPF members who joined the scheme on September 1, 2014 or after, and continue to be members are eligible for the scheme. However, ...

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Cong slams govt over RBI policy change to settle loans of wilful defaulters

Business Standard

Cong slams govt over RBI policy change to settle loans of wilful defaulters Congress on Wednesday slammed the Centre after the Reserve Bank of India (RBI) brought in a policy that allows banks and finance companies to settle loans of accounts classified as “wilful defaulters” by entering into compromise settlements or technically writing off the loans, and asked why ...

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Home prices costlier by 8% in India, Delhi-NCR sees steepest hike of 16%

Business Standard

Home prices costlier by 8% in India, Delhi-NCR sees steepest hike of 16% Housing prices across India’s top eight cities- Delhi NCR, Pune, Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata nad  Mumbai Metropolitan region- have risen 8 per cent  on year in the first quarter of 2023 amidst strong housing demand and aunches by top devellopers, according to a price tracker report ...

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