18 Jan, 2025
In a financial maneuver that could rival the flexibility of a seasoned yogi, RBL Bank has reported its latest quarterly results. With a net profit decline of 86%, settling at ₹32.6 crore, and an intricate interplay of numbers, the bank seems to have struck its own version of the Balancing the Books pose. This fiscal […]
Read More18 Jan, 2025
Government Disinvestment and Asset Monetisation: Revised Targets Ahead The Indian government is expected to scale down its disinvestment and asset monetisation targets for the current fiscal year to less than ₹30,000 crore, a significant drop from the budgeted ₹50,000 crore. This adjustment highlights evolving fiscal priorities amid market and economic dynamics. For the upcoming fiscal […]
Read More18 Jan, 2025
Kotak Mahindra Bank Q3 Earnings: An Analysis of Profit Growth and Asset Quality Kotak Mahindra Bank’s Q3 earnings for FY 2024-25 show a steady profit increase, albeit with some challenges in asset quality. The bank reported a net profit of Rs 3,304.8 crore, marking a 10% year-on-year growth. However, this was marginally below CNBC-TV18’s poll […]
Read More18 Jan, 2025
The Mysore Urban Development Authority (MUDA) case has taken a significant turn with the Enforcement Directorate (ED) attaching assets worth approximately ₹300 crore. This case, rooted in allegations of money laundering, has stirred political controversy, implicating Karnataka’s Chief Minister Siddaramaiah among others. Let’s delve into the latest developments: Asset Attachment by ED The ED has […]
Read More18 Jan, 2025
Understanding the latest GST rate amendments for 2025 is crucial for businesses and consumers alike. The 55th GST Council meeting introduced significant changes, aimed at addressing diverse industry needs while simplifying tax compliance. Here’s a detailed look at the updates and their implications. Key GST Notifications and Changes The Union Government issued four pivotal GST […]
Read More18 Jan, 2025
Introduction The GSTN advisory issued on January 14, 2025, outlines the guidelines for taxpayers applying under the Waiver Scheme as per Section 128A of the CGST Act. With this scheme, taxpayers can seek relief by meeting specific eligibility criteria. The advisory provides detailed instructions for filing Forms GST SPL 01 and GST SPL 02, ensuring […]
Read More18 Jan, 2025
GST on Sale Margin of Old EVs and Used Vehicles: What You Need to Know The Central Board of Indirect Taxes & Customs (CBIC) has introduced a significant update in GST regulations. Effective immediately, an 18% GST will be applied to the sale margin of old and used electric vehicles (EVs), as well as smaller […]
Read More18 Jan, 2025
GST Arrest Guidelines: Safeguarding Taxpayer Rights Recent amendments by the Central Board of Indirect Taxes and Customs (CBIC) have introduced significant protections for Goods and Services Tax (GST) taxpayers. The updated guidelines mandate transparency in arrests, ensuring taxpayers’ rights are respected. These changes reflect a commitment to procedural fairness and aim to curb arbitrary detentions […]
Read More18 Jan, 2025
Indo-US Technology Collaboration: A Leap Towards Innovation Recently, SpaceX’s Starbase facility in Texas became the epicenter of a historic event as Elon Musk hosted a delegation of Indian business leaders, emphasizing the strengthening ties between India and the United States in technology and space exploration. Organized by Manoj Ladwa, founder of the India Global Forum […]
Read More18 Jan, 2025
Trump Family’s Crypto Venture to Acquire TRX: What It Means for Investors The Trump-backed cryptocurrency project, World Liberty Financial (WLF), has announced plans to acquire TRX (Tron) for its treasury. This comes after the project raised $90 million through the sale of its own token, WLFI. With Justin Sun, a key figure in the cryptocurrency […]
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