As the Goods and Services Tax (GST) Council gears up for its much-anticipated meeting in late July, hopes are rising across industries for a long-awaited rationalisation of GST rates. Several leading brokerages and tax experts have expressed optimism that the Council may finally initiate structural changes...
In a significant move aimed at reducing taxpayer grievances and ensuring faster refunds, the draft Income Tax Bill 2025 proposes a simplified process for claiming TDS (Tax Deducted at Source) refunds. The move is part of the broader initiative by the government to make tax compliance...
Indian Overseas Bank (IOB), a prominent public sector lender, has revealed plans to launch a Qualified Institutional Placement (QIP) worth ₹4,000 crore in multiple tranches during the third quarter of FY26, according to its Managing Director & CEO Ajay Kumar Srivastava. The move comes as part...
The Government of India is preparing to introduce a long-anticipated overhaul of the country’s direct tax regime with the tabling of the Income Tax Bill, 2025 during the ongoing Monsoon Session of Parliament. As per senior finance ministry officials, this landmark legislation is expected to simplify,...
Axis Bank, India’s third-largest private sector bank by market capitalization, has appointed Neeraj Gambhir as Executive Director for a period of three years, effective July 15, 2025. The announcement follows the resignation of Arjun Chowdhry, who held the position until recently. The appointment has been approved...
The Central Board of Direct Taxes (CBDT) has formally notified the New Okhla Industrial Development Authority (NOIDA) as an exempt entity under Section 10(46A) of the Income Tax Act, 1961. This tax relief is expected to streamline NOIDA’s financial operations by excluding specific income streams from...
Adani Energy Solutions Ltd (AESL), India’s key player in energy transmission and distribution, has confirmed that it will release its Q1 FY25 financial results on July 25, 2025. Investors, analysts, and market participants are keenly awaiting the numbers to assess how India’s infrastructure-led power demand is...
As India’s equity markets show signs of valuation fatigue in the small-cap and mid-cap segments, investors are increasingly reallocating capital toward value funds—a category long overshadowed by high-growth peers. According to recent industry data, value-oriented equity schemes have seen a notable rise in inflows in H1...
PayU India, one of the country’s top digital payment and credit platforms, is poised to achieve EBITDA breakeven in the current fiscal year (FY26), according to CFO Anirban Mukherjee. This marks a significant milestone as the company navigates regulatory headwinds, restructures business operations, and focuses on...
On July 18, 2025, the Income Tax Department officially enabled online filing of ITR-2 for Assessment Year 2025–26 (FY 2024–25), offering taxpayers the ease of filing returns with pre-filled information. This update allows a wide segment of individuals—especially those with capital gains, foreign income, and multiple...
As India’s private banks tighten costs amid margin pressures and shifting regulatory landscapes, FY25 is turning out to be a year of muted compensation growth for top executives. According to latest regulatory filings, Kotak Mahindra Bank’s CEO Ashok Vaswani drew the highest remuneration among private bank...
Global Finance Recognizes the Banking Giant’s Strategic Leadership Across Developing Economies In a world where economic uncertainty continues to shape global capital flows, J.P. Morgan has emerged as a definitive leader in navigating emerging markets. The US-based banking titan has been awarded the prestigious title...
India’s passive investing landscape is gearing up for a new disruptor. Jio BlackRock Mutual Fund, the ambitious joint venture between Reliance Industries and global asset management giant BlackRock, has received the green light from SEBI to launch four passive investment schemes. This marks a key milestone...
Starting January 1, 2026, borrowers across India will have more control over their loan repayments. The Reserve Bank of India (RBI) is all set to implement a set of borrower-friendly guidelines aimed at enhancing transparency and protecting consumers from hidden charges and unfair loan practices—especially around...
Indian households burdened by rising insurance costs may soon catch a break. The government is reportedly considering a Goods and Services Tax (GST) reduction on life and health insurance premiums, a move that could lower the cost of critical financial protection for millions of Indians. The...
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