MUMBAI: GST reforms, coupled with a five-quarter high GDP growth, have positioned the Indian economy for a sustained period of expansion, RBI’s ‘State of the Economy’ report released on Wednesday showed. The report presents an optimistic outlook for second half (H2) of the fiscal year, suggesting that robust domestic drivers are set to overcome global…
NEW DELHI: Finance minister Nirmala Sitharaman on Wednesday said that outcome of GST Appellate Tribunal (GSTAT) must be straightforward with reduced legal frictions, greater simplicity, and should be proactively addressing delays in litigations to ensure better cash flow.“Until now, taxpayers had to navigate different product clarifications on various state interpretations, leading to delays and locked-up…
Accused Swami Chaitanyananda Saraswati NEW DELHI: Allegations of sexual harassment against Swami Chaitanyananda Saraswati, director of a reputed institute in Vasant Kunj, have snowballed into a full-blown police case after over 15 girl students came forward with detailed complaints. Delhi Police confirmed on Tuesday that the accused is absconding but has been traced near Agra.Sleazy…
MUMBAI: Lenders are playing it safe, borrowers are being cautious, and fewer youngsters are seeking credit going by trends in Q1FY26, a report by credit bureau TransUnion Cibil showed.The report, which analyses credit trends for the June quarter, said portfolios are tilting towards secured lending, with collateral-backed loans growing faster than consumption-led credit. In the…
Thousands mourned Zubeen Garg’s passing in Guwahati, as his wife, Garima Saikia Garg, unveiled his final project, ‘Roi Roi Binale,’ a musical love story where he played a visually impaired artist. Though he completed filming, dubbing remained unfinished. Garima is determined to release the film by October 31, honoring Zubeen’s vision. Zubeen Garg was laid…
MUMBAI: Walmart’s PhonePe has filed draft IPO papers though Sebi’s confidential route, gearing up for a potential $1.2-1.3 billion (Rs 10,000-12,000 crore) listing early next year.The IPO which has been in the works for some time will be an offer for sale (OFS) meant to give exit to investors. PhonePe’s investors Tiger Global and Microsoft…
MUMBAI: The National Company Law Tribunal cleared the merger of Piramal Enterprises with its wholly owned arm, Piramal Finance, on Sept 10, marking a plan that places the financial services business under Anand Piramal, son of group chairman Ajay Piramal. Anand will take over as chairman of Piramal Finance, the merged entity.Ajay Piramal will continue…
Rohit Sharma of India (Photo by Francois Nel/Getty Images) India ODI captain Rohit Sharma is making headlines ahead of his much-awaited return to international cricket next month, revealing a striking transformation after shedding 10 kilograms. Former India batting coach and close friend Abhishek Nayar shared a glimpse of Rohit’s new look during a training session…
A US official confirmed that a meeting between Prime Minister Narendra Modi and US President Donald Trump was on the cards, ANI reported on Thursday. However, no further details were provided about the probable meet. “I’m sure you’ll see the two meet. They have a very, very positive relationship,” ANI quoted the official saying.Despite trade…
The US state department’s Hindustani spokesperson, Margaret MacLeod, on Thursday justified the H-1B visa move in a bid to “invest in American citizens, first and foremost, in training them.” She also addressed the Russia-Ukraine war saying that the Donald Trump administration wanted to “minimise trade” with Moscow.This comes after the States said that the tightening…
